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Finance director: 2024 Hinkle report near completion; year-end reconciliation leaves $9.13 million carryover including ARPA funds
Summary
City finance staff reported the 2024 Hinkle report is in final stages and presented reconciled December figures; year-to-date carryover reported at $9,129,387.35, with ARPA funds included. Staff explained payroll sweep practices, a two-month reconciliation lag, outstanding checks, and how ARPA encumbrances were used to cover personnel costs.
City finance staff told the council that the 2024 Hinkle report is in its final stages and that bank and software reconciliations for December are complete.
"The 2024 Hinkle report is in its final stages," the finance presenter said, and financial statements required for filing with the Ohio auditor were expected to be completed imminently. Staff said the department expects to submit the final financial files to the state auditor's website once the remaining financial reports are received.
On reconciliations, finance staff said both the bank balances and the city's finance…
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