Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Bellemeade presents budget for first reading; treasurer outlines audit search and upcoming CD maturity
Summary
The Bellemeade City Commission received its 2025 budget for first reading on April 14; Treasurer Geri Huff reported a PNC certificate of deposit maturing May 16 and has solicited audit quotes (Goforth & Heron estimated $6,000$7,000). Commissioners approved the March minutes and accepted the treasurer's report by unanimous motion.
At its April 14 meeting the Bellemeade City Commission received the city budget for a first reading. City Treasurer Geri Huff said the PVA valuation will be available April 28 and that she added $10,000 to the draft budget to cover PVA and audit fees.
Huff reported the PNC certificate of deposit will mature on May 16, 2025, and she will report available funds for reinvestment at that time. She told commissioners she had contacted CPAs Goforth & Heron, who estimated audit costs between $6,000 and $7,000; another firm, Baldwin, has not responded to follow-up requests. Huff said audits are required every other year and that Road Fund monies could be withheld if an audit is not completed.
Procedurally, the commission approved the March 10, 2025 minutes on a motion from Commissioner Burt Deutsch, seconded by Commissioner Cindy Oppel; the minutes were approved unanimously. The commission also accepted the Treasurer's Report on a motion from Commissioner Burt Deutsch, seconded by Commissioner Halle Brumleve, which passed unanimously.
Mayor James Martin asked commissioners to send any budget comments to Treasurer Huff before the May meeting; the budget will be presented for a second reading at the May meeting. No tax increase amount was finalized at the meeting; Huff said it was not yet known whether an additional increase would be required given rising Rumpke costs.
