Is the CIC accountable?

Yes, state law requires that the CIC file an annual financial report with State Auditor, certified by the Board of Trustees. The report must be filed within 120 days following the last day of the CIC’s fiscal year.

Public Votes & Public Records

All votes by the CIC must be in public meetings and public records are maintained. The only thing that is not public, pursuant to Ohio Revised Code Section 1724.11, are financial and proprietary information submitted on behalf of a business in connection the relocation, location, expansion, improvement, or preservation of a business. With a CIC, business records can remain confidential, while the loan and vote by the CIC would still be public.

Show All Answers

1. What does the CIC plan to do with the funding?
2. What is a CIC able to do?
3. How is the CIC established?
4. How is Munroe Falls’s CIC configured?
5. Is the CIC accountable?
6. Why is the CIC being activated now?
7. Will the CIC use it’s funding for other purposes?
8. What are the benefits of a CIC?
9. Are there limitations?