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Administration, auditor say cuts trim roughly $900,000; auditor reports roughly $9 million year-end cash and sets timetable for final budget
Summary
Administration and the city auditor told the Lorain City Council finance subcommittee on Jan. 13 that departmental reductions identified so far total about $904,000 and that the city finished the year with roughly $9 million in general-fund cash balances after obligations and reserves.
Administration and the auditor briefed the Lorain City Council finance subcommittee on Jan. 13 about progress toward a permanent budget, reporting roughly $904,000 in departmental reductions identified so far and describing the city’s year-end cash position and revenue assumptions.
Administration said managers and elected officials have worked across departments to trim operating requests and that the cumulative reductions under discussion…
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