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Finance director to consult auditors; goal set to close early 2026 months by June 1

Olmsted Falls City Council Finance Committee · April 14, 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

Eileen Egan told council she will consult auditors to determine whether 2024 must be reopened or adjusted because of reconciling items; she set a working goal of June 1 to have early 2026 months closed and proposed bi-monthly finance updates.

Finance Director Eileen Egan said the city will consult its auditors to determine whether prior-year records (including 2024) need to be reopened or adjusted to correct reconciling entries. "She will continue to research these issues," Egan said, and told the committee she would discuss next steps with the auditors before making definitive adjustments.

Egan proposed bi-monthly finance meetings so the department can report progress and asked council to attend the auditors' review when scheduled. Council Pro-Tempore Megan Coy and members agreed to hold the next finance meeting on June 9 so staff can present an update on reconciliation work.

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