The city of Akron submitted their plan to the state auditor's office Wednesday detailing how they intend to get the city out of fiscal caution.
Earlier this year Auditor David Yost issued a new "fiscal caution" tag for Akron and a requested a plan be developed within 60 days to find out how Akron would resolve the issues.
"They've just got the plan. We have not gotten a reaction from them yet, but our plan outlines the things that we've done and the things we will continue to do over the next few years," said Finance Director Diane Miller-Dawson.
The proposal states the city plans to correct fiscal practices and budgetary concerns in 'a reasonable period of time.' Miller-Dawson says they fulfilled the state auditor's request of developing a plan within 60 days.
"What we submitted to the state is exactly what they asked for. They asked for a plan and we gave them our plan on how we intend to get out of fiscal caution," said Miller-Dawson.
Miller-Dawson explains that the headline, 'Akron requests more time on audit,' on the front page of the Thursday edition of the Akron Beacon Journal does not correctly represent the current situation.
She says the city already cut the number of fund designations it uses in it's accounting after Yost said they had too many.
"We had about 740 funds. We've reduced or consolidated our total number of funds down to 140 funds," said Miller-Dawson.
Miller-Dawson says the city is better for going through the practice of evaluating it's procedures.