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June financials show modest tax growth; city auditor presents three-item internal audit plan to committee
Summary
Finance staff reported year-to-date income tax receipts slightly ahead of last year and projected the general fund to meet budget; the auditor asked the committee to adopt a 2025–26 internal audit plan focused on grass cutting, asset management and cash controls, but no formal adoption occurred because the meeting lacked a quorum.
City finance staff and the city auditor briefed the Finance, Budget and Debt Committee on June financials, ARPA spending and an internal audit plan during the committee's regular meeting.
Commissioner Zavisha reported income tax collections through June were modestly ahead of last year's pace, with June collections contributing to a year‑to‑date increase of roughly 3.6%. "Overall for the month of June, the city of Toledo was up just about $240,000 ahead of last year's pace," she said, noting withholding — which comprises roughly 78% of collections — was nearly flat for the year and that business net-profit payments (driven by estimated payments from a small number of large firms) have been unusually strong.
Finance staff reported other key…
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