Richmond Heights council holds first reading of ordinance to transfer FY2026 funds after revenue estimates revised

Mayor Thomas introduced Ordinance 122026 on first reading, saying the legislation would make a transfer in fiscal year 2026 to correct overestimated revenue in two city funds. "So this piece of legislation is for the first transfer of our fiscal year 2026," Mayor Thomas said, adding that the transfer responds to estimated resources reported earlier in the year.

The ordinance was described as necessary "because we had 2 funds that were overestimated," and the transfer is intended "to bring the funds back to a current, acceptable level," according to Mayor Thomas. The transcript does not specify the dollar amounts, which funds are affected by name, or the exact departments that will carry out the transfer.

Because the item was introduced on first reading, the council did not adopt the ordinance at this meeting; the transcript records presentation and explanation only. The next procedural step for Ordinance 122026 (a second reading, formal vote, or committee referral) was not specified in the provided segments.

The discussion also noted that the original revenue estimates had been reported to the county earlier in 2025; the transcript does not indicate whether the county must approve or be notified of the transfer beyond that reference. The record contains no mover/second or roll-call vote tied to the ordinance text in the provided segments.

What happens next: the ordinance remains at first reading and would require a later council action to pass. The transcript does not indicate a scheduled date for a final vote or additional hearings.