Mayor announces promotion one day after resignation of former finance chief George Sarantou.
Mayor: George Sarantou “is a good man who has worked hard for the city.”
He has been the evident fall guy for Toledo's sloppy bookkeeping
Mayor’s staff says money was ‘accounted for.’
Half will be placed into city’s rainy day fund.
For most of the summer, city Finance Director George Sarantou has been “too busy” to answer questions