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Resident asks where proceeds from city vehicle auctions are deposited; finance director says proceeds traced to original fund

June 16, 2025 | Vermilion City Council, Vermilion, Erie County, Ohio


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Resident asks where proceeds from city vehicle auctions are deposited; finance director says proceeds traced to original fund
Alec, a resident who identified his address as 3927 Brown Station Road, asked the council during public comment where proceeds from city vehicle auctions are deposited and whether those funds are reserved for future vehicle purchases or returned to the general fund.

"Do those proceeds go into a capital fund to be used for future purchases of vehicles...or does this money just get dumped in the general fund?" he asked.

Finance Director Amy Hendricks replied that the city tracks auction proceeds to the fund that originally purchased the asset: if a vehicle was paid for from the water fund, for example, the proceeds are returned to that fund; the same applies to fire, streets or other enterprise funds. Hendricks said she would follow up with the resident with additional detail.

Why it matters: Knowing how surplus-asset proceeds are handled affects transparency and how departments can plan for future capital needs. The council did not vote or direct a policy change on the topic at the meeting; the exchange occurred during open public comment and a staff clarification followed.

The transcript does not record the exact accounting entries or a policy name for the process; Hendricks described the city’s customary practice in general terms and offered to provide a more detailed response by email.

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