Norwood Young America City Council — Transcript

Wednesday, October 14, 2026

Financial Reporting and System Updates

Budget Adjustments and Cost Savings

Infrastructure Funding and Project Management

Economic Development and Capital Improvement Projects

Notable Quotes (5)

I think next month what we're uh our intention is to give you one report rather than three, and it'll be all encompassed in in one report.

Financial and Budget Review with Updates

It is uh they they even have a um uh dashboard, like an executive view dashboard that you can pull up and everything is on one page, which is kind of what, you know, our we've wanted from the beginning.

Financial and Budget Review with Updates

So right now we are projecting a 22% increase. I had budgeted prior for 40% because we were originally being told it could be as high as 42. Um and then I believe the other company that bid was Cigna. That's right. But they were above what the counter from uh Anthem was. So basically I reworked all of the personnel keys when I plugged in the 22% projections on that.

Financial and Budget Review with Updates

The way I yeah the way I understand it is the $20,000 that's currently outside of the cannabis fund that is basically a pilot for if somebody needs to have repairs that you know we can assess the taxes we can recoup and then I will build it up into a self sustaining fund over time whereas if you did it in there that self sustaining fund would have a 10 year shelf life.

Financial and Budget Review with Updates

So, the the Alloy uh funding is for them to act as the city's economic development agent. Uh I think that that's a a valuable program. They also manage our um some of our CRAs and help with our tax exemptions. Uh they help with development agreements when we need those. So, I think they're they're valuable partners. I think we're getting uh good value for that funding.

Financial and Budget Review with Updates

Ordinances & Resolutions (12)

End of month financial reviewOther

Regular financial report discussed by the auditor's office.

BudgetOther

The primary financial plan of the local government being reviewed and updated.

Expense reportOther

One of three financial reports intended to be combined into a single report.

Expenditure reportOther

One of three financial reports intended to be combined into a single report.

Revenue reportOther

One of three financial reports intended to be combined into a single report.

Ordinance for McCabe compensation packageOrdinance

Legislation passed the previous night, impacting the fire administration budget for 2027.

PaylocityOther

Software system used in financial reporting, involved in a coding issue.

SSIOther

Software system used in financial reporting and budget management, including 'SSI VIP Premise' and its planned cloud migration.

Resolution accepting the amounts and rates as determined by the budget commission and authorizing the necessary tax levies and certifying them to the county auditorResolution

Annual resolution for tax levies as required by state code, with a pushed-back due date.

Ohio Revised Code 5705.34Other

State law governing the process of certifying tax levies to the county auditor.

Second half settlement summaryOther

A financial report detailing payments to TIFs, received from Morgan Steiner and Bradley Paint.

FRP (Fiscal Recovery Plan)Plan

A five-year financial forecast/plan whose process can impact the timing of project bidding.

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Norwood Young America City Council - Norwood Young America Recorder