Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Fort Thomas resident presses council on FY23-24 audit and pension numbers as council debates updated investment policy
Summary
A resident asked for clarity about the FY2023-24 audit and an apparent pension-cost discrepancy; council staff said the auditor will present findings to the finance committee. Council members also discussed an updated investment-policy draft, including delegation of authority and a 'prudent investor' standard.
Resident Sharon McKnight asked for an update on the FY2023-24 audit and whether audit findings would be presented at a council or finance-committee meeting. McKnight said the city is holding $310,000 in mutual-aid funds pending the audit and asked whether that hold would affect the 2025-26 budget or tax rate. Staff answered that the auditor, John Chamberlin, is expected to present at a finance-committee meeting to explain findings.
McKnight raised a specific…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
