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Councilmember urges finance committee review of city investment policy

Findlay City Council · February 17, 2026

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Councilmember DeArmond asked the finance committee to revisit the city's investment policy, saying the current language grants the city auditor broad authority over a large portfolio and lacks checks and balances; he recommended seeking an investment advisor and amending policy language to restore council governance.

Councilmember DeArmond raised concerns about the city’s investment policy during the municipal reports section, asking the finance committee to review and revise the policy to add checks and balances.

DeArmond said the existing policy (required by the Ohio Revised Code) designates…

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