Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director: Fostoria will seek $70,000 appropriation after OPWC amortization change
Summary
The finance director told the committee OPWC invoices changed the city’s amortization schedule, requiring a roughly $70,000 annual increase in sewer and stormwater debt service; the director said he will bring appropriation legislation in June.
FOSTORIA — Finance Director Steve told the Fostoria Finance Committee that the city will need an additional appropriation of about $70,000 for debt service in the sewer and stormwater funds after Ohio Public Works Commission invoices updated the loan amortization.
"We received our invoices from OPWC for our July 1 payments on our outstanding debt," Finance Director Steve said, noting that the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
