Village Of Valleyview

No Fiscal Watch For The Village

Apr 08, 2004

At the April 5th Council Meeting Mayor Watkins read a letter from State Auditor Betty Montgomery that the Village would not have a Fiscal Watch declared for the Village.

The Auditor of State's office had performed a preliminary review of the Village's finances, had worked with the auditors performing the audit of the Village records for 2002 and 2003 and had spoken with current Village Officials to make the determination that a Fiscal Watch determination for the Village of Valleyview was unneccessary.

The Fiscal Watch determination was initiated by former Mayor Raylene Graves who had requested that the State Auditor declare a Fiscal Watch for the Village. Based on her request the Auditor of State's office did a preliminary investigation and found that many of the claims made in former Mayor Graves' letter were not accurate. Also in a review of the financial situation of the Village it was found that the Village had met it's financial obligations for 2003 which was the year in question for the Fiscal Watch determination.

For more information about the Fiscal Watch determination please read the related stories:

"Mayor Asks State Auditor For Fiscal Watch Determination" December 22nd, 2003

"Fiscal Watch Fact Sheet" December 23rd, 2003