Settlement FAQs

what is buckeye tobacco settlement

by Jarod Rogahn Published 3 years ago Updated 2 years ago
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The General Assembly created the Authority in 2007 for the sole purpose of exchanging Ohio's annual revenue stream of tobacco settlement proceeds for a one-time upfront payment that financed the cost of improving facilities of Ohio's K-12 schools and universities statewide.Mar 6, 2020

Full Answer

When did the Buckeye Tobacco Settlement Financing Authority end?

We have audited the accompanying financial statements of the governmental activities and Debt Service Fund of the Buckeye Tobacco Settlement Financing Authority (the Authority), a blended component unit of the State of Ohio, as of and for the year ended June 30, 2019, and the related notes to the financial statements, which collectively comprise the Authority’s basic financial statements as listed in the table of contents.

What is the Ohio government bond service fund?

The fund is an accounting device that the State of Ohio uses to keep track of specific sources of funding and spending for particular purposes. The fund balance may serve as a useful measure of the Authority’s net resources available for spending at the end of the fiscal year.

Is audit evidence sufficient?

We believe the audit evidence we obtained is sufficient and appropriate to support our audit opinions.

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