Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Finance committee walks council through $2 million appropriations adjustment and city cash position
Summary
Staff reported that proposed appropriations adjustments would increase revenue lines by roughly $2 million overall and that the general fund would see an approximately $100,000 net change; staff also described current cash positions and reimbursements for ongoing capital projects.
The finance and budget committee and council spent an extended portion of the session reviewing proposed appropriations adjustments and the city’s cash position.
What staff told council: Dan, the finance director, and staff explained that the packet of adjustments (Resolution 2025‑32, first reading) includes moves among non‑general funds and line‑item cleanups. Amberley (treasurer or finance staff) noted the package increases total revenues in the legislation by roughly $2,000,000 while the net effect on the general fund is about $100,000. Staff described the adjustments as largely bookkeeping to move revenue and expense items into correct fund lines (for example two one‑half percent levies for police and fire) and to ensure bond redemption and other restricted accounts match the intended sources.
Cash position and investments: Staff said combined fund balances across accounts are roughly $37.36 million. At the time of the report park checking/operating balances were about $4.7 million (with $300,000 in outstanding checks), Star Ohio or money market holdings around $1.6–1.7 million, U.S. Treasury and U.S.‑backed securities near $20.15 million, and certificates of deposit around $5 million. Staff said some of those amounts will be segregated into a rainy day fund once transfers are completed.
Reimbursements and capital timing: Council discussed several reimbursements in flight. Staff said large capital projects (for example Fairgrounds Road and an associated splash pad) can drive temporary negative balances in particular restricted funds pending reimbursements. The splash pad project was described as running through the Roads & Bridges fund for pay applications; staff said donor and grant reimbursements will restore the fund when processed.
Questions raised: Council asked about the location of the rainy day fund balance, the timing of reimbursements and whether payroll forensic audits or outstanding grievances might affect future budget assumptions. Staff said the city is preparing formal fund reports and a forensic audit request for qualifications and that some contingencies remain but they expected limited immediate payroll impact.
Council action: Resolution 2025‑32 received its first reading and staff said the county needs final appropriations by the end of the month. Council also moved and adopted supplemental appropriation actions in separate resolutions (see votes summary).
