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Council approves updated fiscal policies and backs state Issue 2 renewal

2576366 · March 12, 2025
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Summary

Council adopted a package of updated financial policies including a grants policy and federal purchasing policy, and passed a resolution supporting State Issue 2 (renewal of the statewide capital improvement program). Both measures passed unanimously.

Grandview Heights City Council approved two items during the meeting: a resolution updating the city’s financial policies (Resolution 10‑2025) and a resolution formally supporting State Issue 2, the renewal of the state capital improvement loan and grant program (Resolution 11‑2025).

Resolution 10‑2025 updates the city's debt, cash reserve, investment, budgeting and post‑issuance compliance policies and adds two documents the council had not previously adopted formally: a grants policy and a federal purchasing policy. Director of Finance Miller said the city's cash reserve policy remains at 28% of annual expenditures, a level she and the city's financial consultant consider appropriate (GFOA guidance cited at roughly 26%–35%). The grants policy is intended as an administrative framework to evaluate grant opportunities and manage grant administration risks.

The resolution passed after a brief discussion; council members said they welcomed the grants policy’s emphasis on evaluating administrative burden before accepting awards. The recorded vote on Resolution 10‑2025 was unanimous (clerk roll call recorded: Smith — yes; Walker — yes; Weiss — yes; Houston — yes; Kozak — yes; Gonzales — yes; President Keeler — yes). The council also noted that a mid‑year budget review will allow staff to reallocate funds if needed to cover contractual services during administrative transitions.

Resolution 11‑2025 expresses the city's support for State Issue 2, a ballot measure to renew the statewide capital improvement program that funds local infrastructure grants and low‑interest loans. Director Mueller told the council that since February 2010 the city has received more than $25,000,000 in grants and 0% loans from the Ohio Public Works Commission (OPWC). Council members said the program has supported sidewalks, stormwater and street projects across the city. The resolution passed by roll call (recorded votes: Walker — yes; White — yes; Houston — yes; Kozak — yes; Gonzales — yes; President Keeler — yes).

Both items passed without amendment and will be reflected in the city's policy documents and legislative record. The council asked staff to circulate the grants policy and federal purchasing policy to the finance committee for additional review if members wanted a separate briefing.

Votes at a glance

- Resolution 10‑2025 (fiscal policies package, includes grants policy and federal purchasing policy): approved by recorded roll call (unanimous). - Resolution 11‑2025 (support for State Issue 2, capital improvement program renewal): approved by recorded roll call (unanimous).