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Finance director reports first-quarter revenues, audit underway

Canfield City Council · May 1, 2026
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Summary

Council heard a finance report citing first-quarter 2026 revenues of $4,134,569, expenses of $3,397,570 and an ending cash balance across funds of $7,466,324; Ohio State auditors began a 2025 audit noted during the update.

During regular reports, the council received a finance update that recorded first-quarter (Q1) 2026 revenues of $4,134,569, expenses of $3,397,570 and a current ending cash balance across funds of $7,466,324.

The city also noted that Ohio State auditors began the 2025 audit the prior week and that a related community entity (the Campbell community, JEDG) would be audited for the 02/2025 period. Council members encouraged residents to consult the online charter and ordinance resources for more detail; the transcript does not record further budgetary discussion or requests for supplemental materials during the meeting.