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The Delaware City Finance Committee met Nov. 3, 2025, to review proposed updates to city financial management policies, consider adopting federal Uniform Guidance procedures, and receive the budget introduction for the 2026 fiscal year. Committee members discussed reserve policy changes (including treatment of workerscomp presumptive claims), a planned definition of a balanced budget, an outline of a budget "gauge" for revenue downturns, revenue and expenditure highlights (income tax trends, property tax changes, and stop-loss for health claims), an increase to economic development reserves, parking modernization funding, two new funds (a separated TIF fund and a Parks Capital Fund), and organizational changes in the finance and procurement functions. Staff presentations covered income tax compliance changes, utility-billing collection improvements, cooperative purchasing, an internal-controls pilot, and development-financing tracking. Committee members moved to forward the financial policy updates to council and to send the draft Uniform Guidance procedures to counsel for review.
