Severe weather has begun moving through the Ohio Valley region, as tornado warnings or watches have been posted for counties in western and central Kentucky and southern Indiana.Several funnel clouds have been spotted in southern Indiana. There were no immediate reports of injuries or damage. Forecasters say there’s a strong likelihood that severe thunderstorms passing through the area could spawn tornados, hail and heavy rain.The storms are expected to move out of the Louisville area this evening and exit eastern Kentucky by early morning.People in the path of the storms are being strongly urged to keep a close eye on weather conditions and take proper safety precautions.The threat of severe weather this afternoon prompted the University of Louisville and Bellarmine University to close their campuses.Jefferson County Catholic Schools dismissed at 1:30pm.A staggered release of all Fort Knox personnel began at 2:00pm.Some companies are dismissing employees early. Louisville Humana workers are were allowed to leave at 3:00pm.In Southern Indiana Jeffersonville High School students have been dismissed. Students from Greater Clark County Schools will be held up to an hour past their scheduled dismissal time.