Report: general fund could be depleted by 2025
A recent performance audit by the Ohio State Auditor Office requested by the City of Marietta revealed that if the city’s recent trend of negative operating results and cash depletion in the General Fund continues, it could be depleted by as early as 2025. The City of Marietta continues to look at the audit and discuss ways to improve their spending and budgeting so their General Fund does not become depleted. The City of Marietta has a total of 52 funds that they manage the city with, according to Mayor Josh Schlicher. He says the General Fund is a “catch all” mainly providing ...