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Findlay treasurer reports fall in investments, warns of tighter capital planning
Summary
Treasurer told council the city's investment balance fell from about $105 million to about $98 million and said general-fund unappropriated cash dropped to $26.1 million; officials discussed capital-planning timing and potential impacts of flood-mitigation costs.
The City of Findlay’s treasurer reported to council on Feb. 4 that total city investments dropped from roughly $105,000,000 to about $97,000,900 and that the general-fund unrestricted balance at the start of 2025 stood at about $26,100,000, down from roughly $31,000,000 the prior year. The treasurer said the city projects year-end balances could decline toward $20,000,000 if current trends continue and cautioned council to watch supplemental appropriation requests closely.
The treasurer also said state rules limit the city’s rainy-day reserve calculation, and he expects to reduce that reserve by about $170,000 (bringing it under $2,000,000) to remain in compliance. On…
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