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Ohio Treasurer Josh Mandel
Treasurer
Mandel Receives AGA Award for "Excellence in Financial Management"
ORLANDO, FL - The Association of Government Accountants (AGA) today
awarded Ohio Treasurer Josh Mandel with an award for "Excellence in
Financial Management" on behalf of the Ohio Treasurer's office.
Treasurer Mandel was the only State Treasurer in the country to win
this award.
"In just over three years we've taken Ohio's financial ranking from
43rd in the country to 7th in the country. I'm proud of this progress
and honored to bring this award back to Ohio on behalf of my 11.5
million bosses," said Treasurer Mandel.
"We are proud to give this award for excellence in financial management
to the Mandel Administration. Ohio's finances were not in good shape
just a few short years ago, and Treasurer Mandel has made significant
improvements for Ohio taxpayers," said AGA Executive Director Relmond
Van Daniker, DBA.
The Association of Government Accountants is a 15,000-member
professional association that serves government accountability
professionals by providing quality education, fostering professional
development and certification, and campaigning in the public interest
to forward higher standards of government accountability and
transparency.
Among the accomplishments in the Ohio Treasury since Treasurer Mandel
has taken office:
- Ohio's financial ranking was 43rd
in the country in 2011 according to Forbes magazine, and was ranked
seventh in the country in 2014 by George Mason University. Among the
two organizations that ranked the fiscal conditions of the states, Ohio
achieved the largest improvement of any state in the nation.
- Ohio faced an $8 billion budget
hole upon taking office, which has grown to a more than $1 billion
surplus. Ohio had just 89 cents in the rainy day fund, which has been
replenished to approximately $1.5 billion. These financial results have
been a team effort among the governor, legislature, treasurer and other
state leaders.
- In the midst of the European
sovereign debt crisis, and while 14 other state and local government
investment funds were downgraded by Standard & Poor's rating
agency, the Ohio Treasurer's office earned a AAA rating on the
multibillion-dollar investment fund it manages on behalf of cities,
schools and communities throughout Ohio.
- The Ohio Treasurer's office earned
the first ratings upgrade in nearly a decade for the Ohio Enterprise
Bond Fund.
- The Ohio Treasurer's office
voluntarily cut the office budget three years in a row, saving
taxpayers over $4.7 million.
- The Ohio Treasurer's office reduced
staff from 140 budgeted positions, to 117 people today, while
identifying more targeted ways to cut expenses.
- The Ohio Treasurer's office helped
lead the charge for improving government transparency and empowering
citizens to follow their tax dollars, launching the Treasurer's
Transparency Project, and placing salaries of all state government and
school employees on the Internet.
- The Ohio Treasurer's office is
leading the charge to put Ohio's entire checkbook online so taxpayers
can see every expenditure in state government.
For more information on AGA visit: www.agacgfm.org For more information
on the Ohio Treasurer's office visit: www.OhioTreasurer.gov.
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