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Mayor reports strong cash position but warns of funding gap to finish sewer upgrades
Summary
In a semiannual financial report, the mayor said Columbiana's FY2025 budget anticipates $15.7M in revenue and $13.2M in expenses, general fund cash stood about $2.9M as of March 31, the city closed a $2.8M SRF loan for sewer upgrades in Dec. 2024, and an additional $9.5M will be needed to complete the project.
The mayor presented the semiannual financial condition report at the April 15 council meeting, telling members the city is in a sound liquidity position but that more funding is needed to complete wastewater-plant upgrades.
The city budget for fiscal year 2025 assumes $15.7 million in revenue and $13.2 million in expenses, a budgeted surplus of about $2.47 million. As of March 31, the…
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