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Findlay mayor proposes monthly operational forecast and shifts to capital funding rules
Summary
At a Strategic Planning Committee meeting, city leaders discussed an updated operational forecast, monthly budget tracking, and proposals to shift capital funding rules — including allocating interest and hotel-motel tax revenue to capital and changing the income-tax split from 80/20 to 90/10 — to reduce volatility in the general fund.
At a City of Findlay Strategic Planning Committee meeting, Mayor (name not specified) told the committee staff has prepared a draft operational forecast and proposed changes to how the city allocates revenues between operations and capital to reduce year-to-year volatility.
The mayor said staff will move departments to a monthly budget model so the city can track performance year-round. "One of the things that drive drives Rob Martin and my myself crazy is that it's the annual budget, and we don't really have a monthly breakdown," the mayor said.
Why it matters: Committee members heard the city has absorbed several one-time and shifting costs into its operating budget during recent years — including routine…
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