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Finance Committee — 2026-03-02

Decision notes (reviewed)

Written by the reviewer from the ASR + docket; [verbatim-ASR] = quoted machine transcript; [paraphrase] = reviewer's wording, not a quote.

Per agenda item (official Granicus index → ASR evidence)

0:08Approval of the minutes of the February 9, 2026 Finance Committee meeting.
Motion type(s) spoken: — · no passage phrase heard by ASR
  • 0:16 “Without objection, I will move approval, I guess.”
  • 0:20 “Without objection, they're approved.”
0:24Communication from President Kepple & Vice President Baker regarding establishing a Lakewood Host Community Cannabis Fund. (referred to Finance Committee 2/2/26)
Motion type(s) spoken: — · no passage phrase heard by ASR · ASR heard nay/opposed/abstain wording — verify
  • 16:41 “what some second section one subparagraph D”
  • 27:17 “Second.”
  • 27:19 “and second any discussion”
  • 3:24 “So it kind of segregates the funds as opposed to the general fund, whereas the larger”
  • 27:21 “all those in favor say aye.”
27:23ORDINANCE 15-2026 - AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force at the earliest period allowed by law to enact Section 129.6
Motion type(s) spoken: — · no passage phrase heard by ASR
  • 27:30 “Second.”
  • 27:32 “and second any discussion”
  • 27:50 “Second.”
  • 27:51 “and second any discussion”
  • 27:21 “all those in favor say aye.”
  • 27:34 “all those in favor say aye.”
  • 27:54 “all those in favor say aye.”
27:57ORDINANCE 27-2025 - AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force at the earliest period allowed by law, repealing Chapter 160
Motion type(s) spoken: — · no passage phrase heard by ASR
  • 27:54 “all those in favor say aye.”
28:14Communication from Finance Director Mahoney regarding Audit Committee. (referred to Finance 9/2/25)
Motion type(s) spoken: — · no passage phrase heard by ASR · ASR heard nay/opposed/abstain wording — verify
  • 52:32 “Motion is made in second in discussion.”
  • 43:50 “as opposed to a Zoom meeting at noon”

Full ASR transcript

0:00 I will go ahead and call the February 9th Finance Committee meeting to order at 6.02.
0:08 First order of business is the review and approval of the February 9th, 2026 Finance
0:15 Committee meeting.
0:16 Without objection, I will move approval, I guess.
0:20 Without objection, they're approved.
0:23 Great.
0:24 Moving on to the next item is a communication from Council President Keppel and myself
0:30 about the Lakewood Host Community Cannabis Fund.
0:33 We talked about it a little bit at the full council meeting, I believe, a couple weeks
0:39 ago where the City of Lakewood has received, finally, after a little bit of a delay, the
0:48 revenue associated with the Host Community Cannabis Fund through the state of Ohio.
0:53 We expect to receive revenue on an ongoing basis due to the sale of adult use cannabis
1:00 in the City of Lakewood in our two current locations.
1:04 And so we sought to enact basically to put those funds aside and do a fund that can
1:14 be created under our codified ordinances.
1:17 So this ordinance before us is to establish the fund and set out the purpose of the
1:23 fund.
1:24 I believe in some of my conversations with Director Mahoney, there will need to be further
1:28 appropriation ordinance that will allocate those funds, which is separate from the
1:34 establishment of the fund.
1:38 Would you walk us through that, Director Mahoney, kind of the difference between those
1:41 things and what is necessary to follow?
1:44 Sure.
1:45 So this ordinance would just create the fund and, like Councilman Baker said, the
1:52 anticipated uses of the money.
1:56 But it doesn't establish the ability to actually spend the money.
2:00 So we would have to do an amended appropriation ordinance, which I said once this passes,
2:06 I can gladly get that going.
2:13 And Director Mahoney, and we talked about this before, but I'd like to just confirm
2:16 on the record for the committee is that as far as the way this ordinance is drafted
2:22 and the establishment of the fund, do you think it's appropriate?
2:25 It is, but I will have to send it down to Columbus for them to authorize it.
2:32 They always have to have their stamp on it.
2:35 Process-wise, does that typically happen after the ordinance that creates it?
2:38 After it's passed, yes.
2:39 Thank you.
2:40 It doesn't really make sense because it's passed.
2:45 Sometimes state government doesn't make sense.
2:47 I don't see a problem with it, though.
2:49 Great.
2:50 Thank you.
2:51 The other thing is, you know, we, in the draft ordinance, there's, the authorized
2:59 expenditures are highlighted.
3:04 So that was, you know, our best guess as to kind of how to bucket those funds.
3:11 Now, as with anything else, we can transfer funds between funds, you know, through
3:15 a higher level.
3:17 This kind of essentially parks it there until it's appropriated through an operating
3:23 or capital budget.
3:24 So it kind of segregates the funds as opposed to the general fund, whereas the larger
3:29 bucket that we spend funds from as a city.
3:33 So is there any discussion amongst the committee members about the authorized expenditures?
3:39 Councilperson Striebeck.
3:41 Thank you.
3:42 First of all, thank you to both you and Council President Keppel for this work.
3:46 This is fantastic.
3:47 And Director Mahoney, thank you for weighing in on the appropriateness of this.
3:54 I would like to see health added to the safety here.
4:00 I'd like you to say, to use only for the expense of public health and safety
4:05 related issues within the city of Lakewood, including complete streets, ADA transition
4:12 plan implementations, and the Lakewood community health needs assessment.
4:20 Because I do think, and then going on, and other capital improvements related to
4:24 accessibility, equity, and wellness.
4:27 I think that to put safety in there without putting health, I think we miss some opportunities
4:34 there.
4:35 Especially when we're looking at funding from a drug and possibly some mental health
4:44 needs for a community that may not be covered under safety.
4:50 That's a really good point.
4:58 Any other comments from members of the committee?
5:01 Mr. Chair?
5:02 Yes.
5:03 I would just add to that, I think that's a great point, and that's actually why I'm
5:06 Director Berry here as well.
5:09 Due to the recent cuts at the county, that is impacting our human services budget.
5:16 We are okay for this year, but in future years, assuming those cuts continue,
5:20 we may not.
5:21 So I would advocate for human services in general.
5:24 And then Director Berry is here if you have any specific questions related to how
5:28 those cuts are affecting the city.
5:31 Thank you.
5:34 Now, I guess that's a question I have about fund establishment, is that right now, since
5:42 you limited to capital, so, but you could have funds that are, that can be used for
5:51 capital or operating, right, just a purpose?
5:56 That's correct.
5:57 You can spend capital funds out of any fund.
6:00 As long as it meets the purpose of the fund?
6:02 That's correct, yeah.
6:05 So then I think there, in order to, I think right now it's, as drafted, it seems to
6:13 be limited to capital.
6:20 And that's where we may be able to broaden it.
6:26 So I think that what I'm hearing is there is some interplay in how we would
6:29 like to potentially change, authorize expenditures.
6:34 But since we have Director Berry here, you know, could you share with us some of the
6:37 challenges that you're having this year and as you kind of try to look through
6:41 the foggy horizon as to what you see coming forward?
6:46 Sure, thank you.
6:48 Unfortunately, we found out very recently, along with many other providers, that our
6:54 community-based services contract, which covers our Division of Youth, and is our
6:59 pot of funds that pays for all of our personnel that helps families in Lakewood
7:05 and in surrounding communities, has been cut, and they are looking at a
7:09 24.4% cut across the board.
7:12 Very similar to what they've proposed for the Adams Board and any of their
7:16 programming and other county programming.
7:20 And our contract for this year is going to suffer to the tune of $158,000 off the
7:28 top.
7:29 And we've already been running very narrow margins because that's what we
7:34 always do.
7:35 Luckily, there was a few positions that we had proposed that we didn't end up
7:39 hiring for, so we've made a couple cuts that didn't affect current
7:44 personnel or actual service provision, but we have lost some funding that is
7:51 going to make it more difficult for us to provide emergency assistance to
7:55 families in Lakewood.
7:56 And I was pulling numbers before this just to kind of give you an idea,
8:00 and over the last two and a half years, we've worked with 227 different
8:05 unique families just in Lakewood alone, and over close to a thousand
8:10 different families in our surrounding communities, including Lakewood, just in
8:16 that timeframe.
8:17 And we're just seeing across the board almost a 200% increase in the
8:23 referrals that are coming in from years prior.
8:25 So the need has increased absolutely dramatically, and now our funding is
8:31 being cut, so it's going to be very difficult to meet the needs of the
8:35 families, and, you know, we're doing a lot of great good in the community.
8:42 And I've located some funding that's going to get us through this year and
8:46 potentially part of next year where we're not going to have major
8:52 suffering or anything like that in the department, but it would be
8:57 helpful for us to have some stability, and I could see these funds
9:02 providing a little bit of that to us so we can continue to meet the needs
9:06 of the community, which just seem to be growing year after year.
9:12 Thank you.
9:13 Well, I mean, from my standpoint, I think, you know, that's certainly
9:17 worthy, you know, of these funds and that's interesting.
9:22 So you said it was it was 200 families and then so we serve a lot
9:26 of families from out of Lakewood as well.
9:28 We do.
9:28 This program actually serves most of the Western suburbs, including
9:34 two Cleveland zip codes, 111 and 135, although primarily these days
9:41 we are serving the vast majority referrals are coming from Lakewood
9:44 and kind of the West Park area, you know, and we've always believed
9:48 that strengthening our neighbors strengthens us and, you know,
9:52 making sure that families are stable, ultimately stabilizes the families
9:58 here in Lakewood.
9:58 But we're really seeing an increase in referrals in Lakewood itself.
10:04 I mean, like I said, that's actually up like 195 percent.
10:07 So, you know, we're seeing upwards of 15 or 20 referrals just
10:13 for Lakewood alone.
10:14 We have a very good partnership with the schools, but those are
10:16 also DCFS derived like referrals.
10:18 So they're coming straight from the county as well.
10:21 So the need is just climbing.
10:24 They are also struggling to maintain staffing with their social
10:29 workers.
10:30 Their training has suffered.
10:32 They have hundreds of open positions at this point with their
10:36 social work team.
10:37 So a lot of the responsibilities that might have been filled
10:41 by DCFS itself are now kind of being given off to the neighborhood
10:47 collaboratives.
10:48 So we're part of ten different agencies that service all of
10:52 Cuyahoga County every single zip code, providing resources and
10:56 supports to families to stabilize.
10:58 And, you know, if you don't have your kiddos reunify, hopefully
11:02 it's always the goal.
11:03 We provide visitation and rental assistance.
11:06 So in Lakewood alone, we're providing, you know, tons of
11:11 resources and supports, rental assistance, utility assistance.
11:15 A lot of the things that LCSC isn't able to do, we're
11:20 handling.
11:21 So if you have a kiddo in your home under 18, you know, or 22
11:25 with a disability, you know, we're able to help.
11:29 And we have a lot of nimbleness because of the funding.
11:34 There's not a lot of restrictions, which makes us really
11:39 able to do things that no one else is able to do.
11:43 So it's a really impactful program.
11:45 Danielle, I used to work for that team.
11:48 So I'm sure she can speak to the kind of work that we do, but
11:52 it's a real struggle now because our referrals are really
11:58 high.
11:58 One month we had over 60 new referrals where back in the
12:02 day it was maybe 20 a month, you know, and it's just a
12:05 team of three social workers and a resource specialist.
12:08 So any bit of funding would help.
12:12 We would definitely be grateful.
12:17 Thank you.
12:17 I mean, it's, you know, the county's referring more and
12:20 they're cutting.
12:22 Yeah, it's fun.
12:24 Yeah.
12:25 So I certainly, you know, I don't like to make verbal
12:32 motions on the floor to kind of clean up the language
12:35 in this ordinance as far as the authorized expenses go.
12:38 But I would certainly welcome, you know, a deferral
12:43 tonight based upon our conversation and then add some
12:45 language in Councilperson Striebig's language, make sure
12:49 we have flexibility about it being used to be able to use
12:51 for operations or capital and then go from there.
12:57 Now process wise, I think Councilperson Striebig, if
13:01 you could put your suggestions in an email or something
13:04 or some written form and then I can coordinate with
13:08 Director Mahoney to make sure that they would cover what
13:10 Director Berry is talking about and then we can go
13:14 ahead and have that revised language the next committee
13:18 meeting and kind of also give our colleagues a chance to
13:22 think about it as well.
13:23 Yeah, Councilman Bullock.
13:25 Couple things.
13:26 First, I have some questions before the Human Services
13:28 discussion.
13:29 I have some follow-up for Director Berry.
13:32 I kind of want to go make sure I understand a couple
13:35 of the technical clauses and then get clarification about
13:38 the current draft of authorized expenditures.
13:41 So there's a few things here, but Director Berry, can you
13:45 remind us the timeline for the budget?
13:50 Our budget is January 1 to December 31.
13:54 The county's budget is same or different.
13:57 So the point is the changes that you anticipate or
14:00 you receive notice of take effect when?
14:05 The county's budget, they have a very odd system.
14:10 Our contract is actually December 1 through, or not
14:15 December 1, January 1 through December 31, 2026 and
14:19 2027, but the actual financial piece is March, April
14:27 rather, April through March.
14:29 Understood.
14:30 So you've received information that your three
14:34 quarters of the financial year will get a 25-point
14:38 percent cut.
14:39 And it's a rector active cut.
14:41 So it's actually back to January 1 and unfortunately
14:45 this, I don't want to throw stones or anything, but
14:47 we had to actually solicit this information.
14:51 They said that they were going to tell us and then
14:55 something happened and then they didn't tell us.
14:57 So we're actually just coming into this information.
14:59 They had told us that they were maybe planning on
15:02 doing this a little while back last year, but they've
15:05 delayed.
15:06 So I actually don't know when they will get the
15:09 contract amendments out.
15:11 All of us have to actually do all the contracting
15:13 documents and go through at all 10 agencies.
15:15 You can imagine what that is.
15:17 So within the next two months, I'm assuming this
15:22 will resolve.
15:22 You said you identified a funding source that will
15:25 cover for this year and into next.
15:28 Can you share a little more on that?
15:30 Yeah, we were able to work with the Lakewood
15:34 Foundation.
15:35 They have a fund that came from the Lakewood
15:39 Hospital Association and we were able to kind of
15:43 develop a program that we're moving forward
15:45 with where one of our clinical manager for this
15:49 program is going to work a little bit, you
15:52 know, 70% of her time also on an 18 to 59
15:58 crisis intervention generalist position.
16:00 So they're going to transfer $60,000 per year
16:04 for that position.
16:06 So that helps reduce the burden, but we had to
16:09 eliminate two positions that were unfilled and
16:12 we also had to reduce a number of our line
16:14 items for emergency assistance and other
16:17 direct service.
16:19 Okay.
16:19 So your point is current employees you think
16:23 are taking care of, but FTEs is reduced
16:28 case load capacity is reduced while demanding.
16:32 Yes.
16:32 Thanks for that update.
16:33 So if I can just keep pivoting, so just on
16:37 the technical side, I'm not sure I understand
16:41 what some second section one subparagraph D
16:45 does with the point about no further bond
16:52 shall be required.
16:54 Yeah, so I can I can provide the answer
16:56 that that is director Mahoney can probably
17:00 further buttress what I'm going to say,
17:01 but just from a legal standpoint there
17:03 needs to be a custodian of the fund and the
17:05 custodian of all of our funds is the finance
17:07 director and the finance director technically
17:09 has a bond so that if the finance director
17:13 misappropriated funds in the city of Lakewood,
17:14 we have insurance for that.
17:16 So that's just every fund that we have has
17:19 that type of language in it.
17:20 So that if there was a misappropriation
17:23 by the finance director, the city would
17:25 be made whole.
17:27 Is that an accurate description of it?
17:28 Director Mahoney?
17:31 That's correct.
17:31 I don't see where it says bond in there.
17:33 No further bond.
17:34 It's in section D.
17:36 Section B.
17:37 Oh D.
17:38 Oh, I'm looking at B.
17:39 Sorry.
17:41 And actually I don't have a bond anymore.
17:45 So it's I'm covered under employee.
17:47 It's just director and liabilities and yes.
17:49 Okay.
17:51 Oh, well I'm not sure parks has a bond
17:53 on our CFO.
17:56 I guess every yeah, it's changed
17:58 in the last few years.
17:59 It's not not necessary.
18:02 But to clarify you're saying
18:06 the city has coverage.
18:09 Thank you.
18:10 So so I appreciate that technical thing.
18:12 So maybe the heart of the matter is in C.
18:14 Could could I hear little make sure
18:17 I'm reading this correctly.
18:18 So public safety related issues means
18:21 police fire that kind of related matter
18:23 or is it a broader definition and then
18:25 certainly it's clear the current draft
18:28 says including complete streets
18:29 and ADA Transition Plan implementation
18:32 and other capital improvements.
18:34 I mean depending on how we read the wording
18:36 there public safety related issues
18:38 might cover operating already
18:40 or do you mean to?
18:44 You know infer or imply that capital
18:47 all of its capital.
18:49 We meant to start a conversation
18:53 and so our inference was this was
18:56 the start and we wanted our colleagues
18:59 and the administration's input
19:01 and what else would be so
19:04 I think section C is going to see
19:05 the most amount of revisions based
19:07 upon our discussion this evening.
19:08 Yeah, just just what I'm asking
19:10 though.
19:10 It's just as as you in the intent
19:12 of the initial draft is
19:16 what was to have it limited to
19:20 public safety.
19:20 But I think now with some additional
19:24 comments, you know health is also
19:26 really important community health
19:28 and then we wanted it to include
19:31 complete streets and ADA Transition Plan
19:35 which is capital.
19:36 Yeah capital so we can we can
19:38 expand that to be operations.
19:40 I guess the point is is that
19:43 we knew that the state pretty
19:45 quickly released the funds.
19:46 We wanted to start the conversation.
19:50 Truthfully, it was a Tuesday evening
19:51 at about 10 p.m.
19:52 and I was drafting this to meet
19:55 the docket deadline.
19:57 So my intent was to
19:59 highlight that language.
20:00 So we had a conversation now.
20:02 So I wouldn't read too much into
20:03 like
20:05 this is not frozen in amber.
20:07 Yeah, I appreciate it and thank
20:09 you for taking the lead here.
20:11 So the current draft would be public
20:13 safety and potentially and health
20:16 capital and operations and then
20:17 for sure also complete streets
20:19 and ADA Transition Plan capital.
20:21 That's that's what I think I'm
20:22 reading correctly.
20:23 So I guess to put my cards on
20:25 the table.
20:27 I certainly could support health
20:29 you know, maybe maybe though
20:30 the point here would be to
20:32 reserve these funds for new
20:33 initiatives beyond our norm.
20:35 So
20:38 you know, I guess I'd welcome
20:39 the discussion with the
20:41 Department of Human Services
20:43 about how we keep the
20:46 services intact or as intact
20:48 as we can
20:50 and there's some discussion
20:52 we had there because essentially
20:53 we're
20:55 partly
20:57 an office that
20:59 that provides local
21:01 services for the county services
21:04 and in other areas, I think we
21:05 match and so we do some
21:07 city-initiated services that
21:10 they exceed county services,
21:11 but
21:12 but I guess
21:13 I per I my own interest
21:15 is in is in using this
21:19 funding stream for new things
21:21 things that go above what are
21:22 business as usual has been
21:24 mental health services certainly
21:25 could be
21:27 one of those
21:28 especially if there's
21:30 model programs around substance
21:32 abuse for addiction or something
21:34 like that.
21:35 Now, I know that Mr.
21:36 Barry's team already provides
21:38 some of those and so there's
21:39 overlap there.
21:40 But but
21:41 I think the spirit of this is
21:42 something I definitely agree with
21:43 which is that we'd want
21:45 to
21:47 leverage the opportunity to do
21:48 some new
21:50 valuable activities or investments
21:52 in the community
21:54 and not just have this become
21:55 part of
21:57 general operations which could
21:59 get absorbed in a bunch of ways
22:02 as difficult as it as that is
22:03 and I appreciate that the
22:04 briefing that the mayor's
22:06 initiated tonight.
22:08 Yeah, and I think I will
22:09 remind folks and I
22:11 think
22:12 Councilor Volk, you were the
22:13 only one on council when the
22:14 medical
22:15 marijuana thing came through
22:16 when I was on planning commission
22:17 and
22:18 I think part of it was
22:20 they literally had like a
22:21 permit 50 grand a year
22:22 and the intention was that
22:23 would partially pay for
22:26 some portion of an FTE of a
22:27 police officer because they
22:28 weren't sure
22:29 kind of what from public safety
22:31 perspective having
22:32 these cash only businesses at
22:34 the time
22:35 in the community and wanted to
22:36 make sure we were
22:37 keeping our eyes there.
22:38 So that's why I
22:40 I started with public safety,
22:42 but I certainly welcome everything
22:44 else we're talking about and I
22:45 the new stuff.
22:46 I think I can
22:47 I see where your intention is
22:49 but
22:50 at the end of the day we get
22:51 cash in
22:52 you know, we try to do what we
22:54 can to
22:55 like the holes and be as smart
22:56 as we can.
22:57 That's where we don't want to
22:58 be so restrictive on the
22:59 administration that they can't
23:02 for bonds in order to
23:03 write. So we spend money we
23:04 have now. So we're not taking
23:06 on interest later.
23:06 It's a good point.
23:07 But I guess I'm always
23:09 looking to
23:11 initiate
23:13 growing
23:14 and
23:14 expanding
23:15 and innovating.
23:16 And so there's a tendency
23:18 often for us all to
23:20 do what we've done before.
23:22 So I'm hoping to provide
23:24 supports for this can be an
23:25 opportunity for
23:27 the former category.
23:28 It's an ideal world.
23:34 Any other comments or questions?
23:36 Council President Keppel.
23:37 Thanks.
23:39 Dr.
23:39 Berry when did the county
23:42 let you know about
23:43 the cuts to the funding?
23:46 Officially
23:48 we heard two three
23:49 weeks ago.
23:52 They gave us a initial
23:54 heads up
23:55 towards the end of last year.
23:57 But then there was no word
23:58 or any kind of movement.
24:00 So I reached out
24:02 on behalf of Lakewood
24:04 and the rest of the members
24:05 of the
24:07 contract
24:08 because I'm also
24:09 a co-chair of the
24:11 group that that is
24:13 and
24:14 we met with the
24:16 directors of DCFS
24:18 and DCAP
24:19 and they confirmed.
24:22 That they will be moving
24:23 forward with the cuts
24:24 and it will be twenty four
24:25 point four percent across
24:26 the board
24:27 for this year.
24:28 But they were not able to
24:28 give us any kind of
24:31 information about
24:32 twenty twenty seven
24:33 nor what they plan to
24:35 do with the RFP
24:36 whether they will
24:38 continue
24:39 with an extension
24:40 because we have that within
24:41 bounds of the current
24:42 contract
24:43 or they'll ask us to
24:45 write a new RFP
24:46 or maybe they won't even
24:47 release one.
24:48 I don't know.
24:51 Thank you.
24:51 Thank you.
24:56 Councilperson Hamilton center.
24:58 Thank you Chair Baker.
25:00 Sorry I was
25:01 came in a little bit late
25:02 so I believe some of these
25:03 points have been raised
25:04 but
25:05 my first thought when I
25:06 read through this also
25:07 was related to Part C
25:09 and just the definition
25:10 of public safety
25:12 and if Health
25:13 and Human Services
25:14 could fall under the
25:15 public safety umbrella.
25:15 So I was definitely on
25:17 the same line
25:18 with Director Berry
25:19 for purposes of this
25:20 ordinance
25:21 and then also including
25:22 mental health
25:22 as Councilwoman Streebeck
25:24 has already
25:25 mentioned
25:26 and if we are defining
25:28 public safety broadly
25:30 and or limited to
25:31 complete streets
25:32 ADA transition plan
25:33 and capital improvement
25:35 and is there
25:36 room for programmatic
25:37 elements.
25:38 So I would certainly
25:39 want to see
25:41 an expansion
25:42 of either the definition
25:43 of public safety
25:43 for this ordinance
25:45 or including
25:47 Health and Human Services
25:48 which also would include
25:49 mental health
25:51 support as well
25:52 and then
25:54 just
25:55 the other point
25:55 I want to raise up
25:57 I want to use this time
25:58 to
25:59 advocate
26:00 for how we look
26:02 at
26:03 at how we're allocating
26:04 dollars
26:05 within our government
26:07 and looking through
26:08 an equity lens
26:10 and I think the complete
26:10 streets in the ADA
26:11 transition plan
26:12 is a good starting point
26:13 but I think we can
26:14 take this opportunity
26:16 perhaps even with this
26:17 to pilot some sort
26:18 of metric
26:19 metrics that can be
26:20 used
26:21 as we
26:22 better budget
26:23 in a line
26:25 expenses with our goals
26:26 for equity
26:27 and accessibility
26:28 so really looking at
26:30 through an equity lens
26:32 and looking at how
26:33 we're budgeting
26:34 making making sure
26:35 that we're budgeting
26:36 our values
26:37 and that we're investing
26:38 and putting our
26:39 tax dollars
26:40 into
26:42 into who we say that
26:43 we are.
26:47 Thank you any other comments?
26:49 I guess
26:51 procedurally the
26:52 the proper way to do this
26:54 would be to defer
26:55 and then
26:56 Councilperson Striebig
26:57 anyone else
26:58 send their
26:58 comments
27:01 coordinate with
27:01 Director Mahoney
27:02 and then have a
27:02 substitute available
27:03 at our next
27:05 Finance Committee meeting
27:07 but I think as an order
27:08 of process
27:09 I'll go ahead and make
27:10 a motion to receive
27:11 and file the communication
27:14 from Council President
27:15 Keppel and myself.
27:17 Second.
27:19 Motions are made
27:19 and second any discussion
27:21 all those in favor say aye.
27:22 Aye.
27:23 Then I'll make a motion
27:25 to defer ordinance
27:26 15-20-26
27:28 for further deliberations.
27:30 Second.
27:31 Motions are made
27:32 and second any discussion
27:34 all those in favor say aye.
27:35 Aye.
27:36 The next is a
27:38 communication from
27:39 Finance Director Mahoney
27:41 about the Audit Committee.
27:44 I will go ahead
27:45 as a housekeeping
27:46 matter
27:47 and make a motion
27:48 to receive and file
27:48 that communication.
27:50 Second.
27:51 Motions are made
27:51 and second any discussion
27:54 all those in favor say aye.
27:55 Aye.
27:56 And then
27:57 ordinance 20
27:59 or 27-20-25
28:02 Director Mahoney
28:03 and I have had some
28:04 conversations about it
28:05 but
28:06 I think it's good just
28:06 to give her an opportunity
28:07 to kind of
28:08 outline
28:10 what's being proposed
28:11 here and kind of the
28:12 procedural history here.
28:14 Thank you.
28:15 So
28:17 years ago
28:18 the state of Ohio
28:19 had suggested
28:22 for cities to create
28:23 audit committees
28:25 to review
28:26 audits.
28:28 Many cities
28:29 just kept their finance
28:30 committee
28:31 as the audit committee.
28:33 Lakewood chose to
28:34 create an audit committee.
28:36 I served on this
28:38 years ago.
28:39 I guess it's
28:40 it's been like 15 years ago
28:42 and
28:43 basically all we ever did
28:45 was
28:46 have the auditors come in
28:48 and we tried
28:49 to meet
28:51 fairly often
28:52 but it just didn't seem
28:53 like there was quite
28:54 the purpose of it.
28:56 So I mean the general
28:57 purpose of an audit
28:58 committee is just to
28:59 review any audit
29:01 findings
29:02 and
29:03 you know sometimes
29:04 have a presentation
29:05 by the
29:06 auditors
29:07 or just a presentation
29:09 from the finance
29:09 director.
29:11 Thankfully
29:12 the city has had
29:14 perfect
29:16 no issues
29:17 for quite
29:18 quite a few years.
29:21 Just as an aside
29:22 we did receive the
29:25 Ohio
29:27 certificate again
29:28 which they kept saying
29:29 only 4% of
29:30 cities received that.
29:31 So
29:33 so
29:33 at this point our
29:34 audit is
29:36 has been good
29:36 and is good
29:38 and so I think
29:39 what happened
29:40 over the years
29:41 was that the audit committee
29:43 just stopped meeting
29:44 because they didn't really
29:45 feel
29:46 reason to meet.
29:48 And so that's why I'm
29:49 proposing just having
29:51 either the auditors come
29:52 to a finance committee
29:53 meeting
29:54 or
29:56 you know if
29:56 if that's
29:57 council wouldn't want
29:58 that I could always
29:59 present the audit.
30:01 As I
30:02 mentioned to Councilman
30:03 Baker
30:04 the I'm pretty sure
30:06 I know the
30:07 president of council
30:08 receives a notification
30:10 when the audit
30:11 when the audit documents
30:13 come out
30:13 because I
30:14 complete that
30:15 you might all
30:16 receive it
30:17 but for sure the
30:17 president does.
30:19 So
30:21 and I did ask
30:23 our State of
30:23 Ohio auditor
30:25 if we would be
30:27 penalized for not
30:28 having an audit committee
30:29 and he said
30:30 they don't really
30:31 look at that anymore
30:33 but
30:33 always a good practice
30:34 to have somebody
30:35 so finance committee
30:37 reviewing the audit
30:38 would be totally
30:39 acceptable
30:40 by them.
30:42 Councilman
30:44 Thanks Director Mahoney
30:47 couple thoughts first
30:47 I also served
30:48 there was a time
30:49 when it was active
30:50 and I saw
30:52 it was one of your
30:53 predecessors
30:54 who was the finance
30:54 director of the time
30:55 and I saw some
30:56 fruitful interaction
30:57 there was some
30:59 accountants
31:00 some CFOs
31:01 of companies who had
31:02 insightful
31:04 questions about
31:05 all manner of things
31:05 not just the accounting
31:07 practices and procedures
31:08 but IT
31:10 or vendor
31:12 policies
31:12 so it became
31:15 at least for a couple
31:16 of years
31:18 fruitful management
31:18 dialogue that
31:20 I thought was
31:22 helpful
31:23 and and
31:24 now that said
31:24 I also
31:25 do see
31:26 and acknowledge that
31:27 the
31:29 meeting schedule
31:30 tailed off
31:30 but I
31:31 my impression is
31:32 that that's under the
31:33 control of the finance
31:34 director not
31:34 as much as the
31:37 audit committee.
31:38 No
31:38 I
31:39 believe is called by
31:40 the chair
31:41 of the audit committee.
31:43 So so it may
31:44 well be in a
31:45 technical sense
31:45 but I think in a
31:46 practical sense
31:48 you know it's going
31:49 to work most
31:49 effectively
31:51 if the schedule
31:52 and the functioning
31:54 of whomever
31:55 is serving this
31:56 chair is done
31:57 in tandem
31:57 with the staff
31:58 who are the
31:59 full-timers
32:00 in in support
32:00 of
32:02 all these financial
32:02 activities
32:03 which would be
32:03 the finance director
32:04 or one of one of
32:06 his or her
32:06 designees.
32:07 So
32:08 you know this is
32:09 you've got some
32:13 discretion
32:13 and deep experience
32:15 that I certainly
32:15 respect here
32:17 but I think
32:18 it's possible
32:19 that
32:20 a functioning
32:21 audit
32:21 committee
32:22 could be a
32:23 meeting regularly
32:24 and be useful
32:26 if the strong
32:26 preference is
32:27 that
32:28 you know my car
32:30 I'm just one of
32:30 seven here
32:31 but to do
32:32 something different
32:34 I'm
32:35 receptive to
32:36 that too
32:36 but I
32:37 I don't
32:38 necessarily
32:39 agree that
32:41 it can't be
32:44 organized
32:44 and convened
32:45 and operated
32:46 in a way
32:47 that isn't
32:48 useful
32:49 because I've seen
32:49 it be useful.
32:50 It's just a matter
32:51 of how we
32:53 actually do it
32:54 right.
33:02 Yeah,
33:03 so I mean the
33:03 main purpose
33:04 of the audit
33:04 committee
33:05 as up
33:05 as prepared
33:06 or as
33:08 suggested by the
33:09 state was
33:10 to review
33:10 the audit
33:12 and not
33:13 extra
33:14 roles.
33:16 Okay,
33:17 so you're not
33:17 interested in
33:18 what I describe
33:19 just the
33:19 narrow definition.
33:23 No,
33:24 and
33:24 and as I
33:25 mentioned to
33:28 Councilman Baker
33:29 I
33:29 you know,
33:30 I hate to
33:31 have citizens
33:32 be part
33:33 of a committee
33:33 that they
33:33 don't
33:35 feel
33:36 that they're
33:37 needed.
33:38 I guess
33:39 and so
33:39 and that's kind
33:40 of what
33:40 happened.
33:41 Like how do you
33:42 know that's
33:42 the case
33:43 in all
33:43 cases
33:44 in all
33:44 years?
33:46 Well,
33:46 I do know
33:46 from the
33:47 most
33:47 current
33:47 audit
33:48 committee
33:48 that I
33:48 met
33:49 with
33:50 you know
33:50 last year.
33:51 Well,
33:51 I'll
33:51 conclude
33:52 my remarks
33:52 Mr.
33:52 Chair.
33:52 I would
33:53 just say
33:53 I you
33:53 know,
33:53 probably
33:54 the
33:55 audit
33:55 committee
33:55 members
33:56 historically
33:56 have been
33:57 people
33:57 with
33:58 deeper
33:58 professional
33:59 certifications
34:00 and experience
34:00 than
34:00 council
34:01 members
34:01 who tend
34:01 to be
34:02 generalists.
34:02 There
34:03 we have
34:03 our specialties
34:04 but I
34:05 don't think we currently have a CPA or a CFO
34:08 on
34:08 council.
34:09 So to me
34:10 there's
34:11 value
34:12 and
34:13 meaningful value to having
34:15 a committee
34:16 of
34:16 Lakewood
34:17 residents
34:17 and we've had
34:19 the
34:19 benefit of some pretty
34:21 experienced
34:22 and intelligent
34:23 people to
34:24 serve on the
34:24 committee over the
34:25 years
34:25 in some
34:26 form
34:27 to
34:27 advantage
34:28 our
34:29 deliberations.
34:29 Maybe that's
34:30 an accessory to the
34:31 Find This Committee.
34:31 Maybe not,
34:32 but
34:32 those are my
34:33 thoughts.
34:35 Yeah, thank you and I I've thought about this for a long time,
34:39 you know,
34:39 just to
34:41 provide my
34:41 input here
34:43 because I think Councilman Bullock is is correct
34:47 that when run appropriately it may provide some value.
34:50 I do think that,
34:51 you know,
34:51 I look back.
34:52 I think this was was created in 2007.
34:55 We lived in a different world back then.
34:58 I was just talking to
35:01 one of the Sonagra kids and you know dockets used to
35:04 be delivered
35:05 on Sunday night by police before Council meetings.
35:08 And so like information accessibility was a lot different
35:11 in 2007 than it is today.
35:15 I just mean that
35:17 from a practical perspective.
35:18 So
35:19 and I so I think there were benefits of the Audit Committee
35:22 in the sense that you had kind of
35:24 more technocratic people involved,
35:25 but it wasn't really a full public meeting in the sense
35:28 that like people knew about it and they would go.
35:30 That's where I think if you have it at the Finance Committee
35:32 level,
35:34 you know people know where to come to watch.
35:36 They know where to go to get the information.
35:37 They can get the audit document.
35:39 They you know,
35:39 so so from my perspective I
35:42 I'm not
35:43 discarding what you say something it's valid.
35:47 But I do think that the other way is also valid
35:50 in that
35:52 you know what I and I have a couple proposals that
35:55 I sent to the clerk's office that would
35:58 not fully repeal this ordinance,
35:59 but essentially codified the Finance Committee
36:02 is the Audit Committee.
36:05 So so there would be an empowerment of the Finance
36:08 Committee to serve that purpose.
36:12 And then basically it says that the Finance Director
36:15 will prepare a communication
36:17 when the audit is complete
36:19 and it will be referred to the Audit Committee
36:21 and then the Finance Director will make the auditors
36:24 available come speak to us at a public meeting.
36:27 Because I think in that way it would
36:29 elevate the issue of the public.
36:32 It would provide the audit document
36:35 and it would and there are you know,
36:38 I know audits are there's like findings right
36:41 or no findings or you know recommended controls
36:44 or issues or so it goes
36:46 audits are especially public audits are very
36:48 interesting documents because they
36:50 they even audit public records,
36:51 you know how you handle that.
36:52 It's not just
36:54 kind of financial controls
36:57 and there was some element of the Audit Committee
36:59 that I don't think they ever functioned in
37:00 which is like,
37:02 you know mismanagement of fraud allegations
37:06 of abuse those types of things.
37:10 How was the public supposed to know to go to
37:12 the Audit Committee to make those
37:15 kind of complaints
37:17 and the Auditor of State has already created
37:19 kind of a hotline for that.
37:22 Lakewood might even have our own hotline
37:23 for it to report fraud abuse.
37:26 So
37:27 it's it's one of those things where I think
37:29 we're just different from 2007.
37:30 Now does that mean we need to do away with it?
37:32 You know,
37:34 I think we can change and that's where I
37:37 would propose
37:38 amending this ordinance to
37:42 kind of narrow the Audit Committee to be a
37:44 Finance Committee.
37:46 I'd be happy to discuss my proposed amendments
37:49 on the floor tonight.
37:51 I talked about them in broad breast strokes
37:53 to Director Mahoney earlier today,
37:55 but we can kind of propose them tonight
37:57 and then defer so the administration has time
37:59 to review.
37:59 We have time to think about it
38:01 and then maybe at the next meeting when we're
38:02 going to consider the host cannabis fund.
38:04 Anyways, we do that as well.
38:06 Any other thoughts or comments from Council
38:08 Council President Keppel.
38:09 Thank you.
38:11 I think that seems like a sensible approach.
38:15 Director Mahoney and I talked about this
38:17 and you know, I was on the
38:20 co-sponsor because
38:22 and I'm not actually tied to repealing it.
38:24 It was more my concern was
38:27 having I don't like having
38:29 committees on the books that we need to
38:31 appoint people to that are
38:34 actively meeting and that people feel like
38:36 their time is,
38:37 you know, being well used.
38:40 In fact, the two Council appointees,
38:43 most recent Council appointees,
38:44 these Audit Committee were on it because
38:47 I was the one that reached out to them
38:48 and asked them to serve on it because
38:50 the Council appointees before that,
38:52 it had been vacant for some time.
38:55 That was when I was first on Council in
38:57 2018, no 2020,
39:01 2020, February 18, 2020.
39:03 So like,
39:06 I think there's been,
39:08 you know, there may have been times where
39:10 you know, there was some good work and
39:12 sounds like a broader purpose,
39:13 but for
39:15 the most part it seems like
39:17 this has continued to be
39:18 a situation where
39:20 since as Vice President Baker pointed out
39:23 since its initial formation that
39:25 it's not necessarily the best way to
39:30 shine a light on the audit.
39:31 And so I think having it come before
39:33 the Finance Committee,
39:35 we can still encourage folks we know,
39:38 in fact, the
39:39 two
39:41 Council appointees who just rolled off
39:43 and elected not to be reappointed
39:45 because they didn't feel like it was
39:46 really worth their time to do,
39:48 would be happy to come to those
39:51 Finance Committee meetings and
39:53 and listen to the report too.
39:54 So, you know, I think we can all
39:56 invite members of the public to
39:58 that hearing
39:59 when if we had the audit presented
40:02 before the Finance Committee,
40:03 which would actually shine more light
40:05 on it.
40:05 So I think that's a smart way to do it.
40:13 Councilperson Hamilton-Saner.
40:15 Thank you Chair Baker.
40:18 Yeah.
40:18 So in reading this,
40:20 the question that I had in Director Marhoney
40:22 essentially answered the question
40:24 I had was just, you know,
40:25 particularly reason other than for
40:27 efficiency to eliminate the citizen
40:29 review
40:30 of the city's finances.
40:32 But I do think that there is value
40:35 to having
40:37 in a non-
40:40 to having like an external
40:43 individual also review
40:45 the audit.
40:46 So, you know, as we're
40:48 thinking of process,
40:50 to use Baker's and
40:52 President Kappel's words,
40:55 is it possible
40:57 instead, similar to what President Kappel
40:59 had, is to have like
41:01 an ad hoc advisory.
41:03 So two to three individuals
41:05 that are really,
41:07 they know this is what they do
41:09 for a living
41:10 and they're not tied to the city
41:11 at all
41:13 and they come to that Finance Committee
41:14 meeting
41:15 and sit up there and sort of help us
41:17 sort of analyze and look at
41:19 the audit and answer questions
41:21 and, you know, so we also have,
41:23 you know, Director Mahoney there,
41:24 but we also have these citizens
41:25 that are there
41:26 and they sort of are
41:27 representing the citizen's voice
41:28 because I do think
41:29 that there is value
41:31 in that and I'm sure that there
41:34 are people that this is their land
41:35 is what they do.
41:36 They like numbers.
41:37 They like looking at this
41:39 and they would love to be a part
41:41 if it's just one meeting.
41:42 They come,
41:43 they, you know, can share sort of
41:45 here's what we see
41:46 or here's what we're seeing
41:48 and, you know, they share their
41:49 perspective and they get that opportunity
41:51 to shine and share with us their talent.
41:53 So I do think that there is a hybrid
41:55 way that we can do it
41:57 because I do think that everybody,
41:59 all of you have made some good points.
42:02 Yeah, and I will say that,
42:03 you know,
42:04 having been a part of
42:07 my day job,
42:09 the auditor comes in every year,
42:11 briefs the board
42:13 and that's the whole idea is that
42:14 the way I've
42:16 tailored this amendment
42:18 that we can talk about in a moment
42:19 is that
42:20 the auditor will be here.
42:21 So that's the third party, right?
42:24 And the intention would be
42:25 that the auditor will come
42:27 so that we could directly ask
42:30 a third party, you know,
42:31 what concerns do you have, right?
42:33 What should we be thinking about?
42:34 And that person is
42:36 independent.
42:36 They're either appointed by the state auditor
42:38 as a state auditor employee
42:39 or we have to pay someone
42:40 that the state auditor
42:42 authorizes to do the audit, right?
42:43 Is that the way it works?
42:44 That's correct.
42:45 The state auditor always has
42:47 first right of refusal
42:48 and
42:50 currently we have an independent
42:54 accountant, not the state,
42:55 doing our audits currently.
42:57 So I do think that
43:02 you know, there would
43:03 there still would be the opportunity
43:04 and other public entities.
43:05 It's
43:07 they're like us, right?
43:09 Professionals in different fields,
43:10 but
43:11 when you read an audit,
43:13 an audit report,
43:14 particularly a public audit report,
43:17 they make it very clear
43:18 when there are issues
43:19 and they highlight them to a point where
43:22 they hit you on the head.
43:23 So
43:25 that's where
43:27 I do now, you know,
43:28 I think what you and Councilman Bullock
43:30 are discussing about engaging
43:31 the public is really not a bad thing.
43:35 I just think we would
43:36 I would not be nervous about us
43:38 not having the capacity
43:40 to kind of understand
43:41 and be able to ask someone
43:43 who's independent about these issues.
43:45 And I think in a way that
43:47 would elevate it more
43:48 if it were at Finance Committee
43:50 as opposed to a Zoom meeting at noon
43:53 during the day.
43:55 So that's
43:56 you know, but there's
43:57 there's also slight negatives of that too,
43:59 which you guys have highlighted.
44:01 So I think
44:03 there's benefit either way.
44:07 I do favor
44:08 having it at Finance Committee though.
44:13 Any other comments or thoughts?
44:17 Councilperson Striebe.
44:17 Thank you.
44:18 I'm enjoying this
44:20 this conversation
44:21 and I and I see
44:24 Mr. Bullock's point,
44:25 Councilman Bullock's point
44:26 that, you know, we are generalists
44:28 and to hear
44:30 specifics and warnings from
44:33 people with a lot more experience
44:35 in this arena
44:36 than we have than I have
44:38 is very beneficial.
44:40 At the same time, I'm also hearing that
44:43 if
44:45 the community is not interested in it,
44:47 then we have to we have to go a different route.
44:49 So I am anxious
44:50 and looking forward to hearing your recommendations.
44:54 Great.
44:55 So yeah, I put together an email
44:58 this this morning
44:59 and I'll
45:00 I guess ask the clerk to prepare a
45:02 substitute ordinance,
45:03 but I'll just go through it
45:04 this evening.
45:06 So if you look at,
45:07 you know, the current
45:09 draft of
45:13 of the ordinance that would repeal the section,
45:15 my edits would basically keep
45:19 160.01 the same.
45:21 There would be no edits.
45:22 So there would still be an audit committee
45:23 and the audit committee would do all those functions.
45:27 Where the edits would then come is in
45:28 section 160.02.
45:32 I would delete
45:33 from
45:34 comma to two Lakewood residents
45:36 all the way through the end.
45:37 So basically say the audit committee's membership is
45:39 the audit committee shall be comprised of
45:41 or composed of the Lakewood City Council
45:43 Finance Committee members.
45:45 That would be the audit committee.
45:49 And then I would I would delete
45:51 section 160.03 terms
45:54 and I would add in
45:56 a section 160.03 independent audit
45:58 reports
45:59 and say the director of finance or designee
46:01 shall by communication
46:03 to City Council's docket provide the independent
46:05 auditor report
46:06 parens s so reports
46:09 at least annual and be available
46:11 along with a representative of the independent auditor
46:13 to discuss
46:14 with audit committee in a public meeting.
46:17 And then for
46:18 160.04
46:20 I would delete bylaws.
46:22 So we just read general rules of operation.
46:25 And then I would delete
46:26 on a quarterly basis.
46:27 The committee shall devise its own officers
46:29 governance and place or time of assembly.
46:33 And I would add
46:36 annually to review the independent auditor reports
46:38 and periodically as necessary to accomplish a purpose
46:41 outlined above.
46:42 So section 160.04
46:43 would read
46:44 the committee shall meet
46:46 at least on a annual
46:48 at least annually to review the independent
46:49 auditor reports
46:51 and periodically as necessary to accomplish a purpose
46:53 outlined above.
46:55 So those
46:57 that will be a substitute a proposed substitute
46:59 ordinance that I will
47:00 bring forward at the next
47:02 finance committee meeting.
47:05 I don't know if director Mahoney we talked about
47:07 it, but I don't know if you have any comments
47:08 or concerns about what I've drafted.
47:11 Sure.
47:11 No, I just have a few comments.
47:13 I think the the purpose that
47:15 the state
47:18 perhaps before, you know, their recommendations
47:20 of audit committees
47:21 was that
47:23 maybe they weren't being shared with
47:26 you know with council
47:28 and
47:29 so that's that the point is to
47:32 ensure that the public knows about it.
47:34 And I agree
47:35 that a presentation during a finance committee
47:38 would be
47:40 much more open to the public
47:42 than, you know, a committee meeting
47:45 that's in the mayor's conference room.
47:47 And
47:49 so there is also just
47:51 as a reminder
47:53 the auditors make us all sign off
47:55 on an exit interview
47:57 every year.
47:57 Most of the time everyone says no, we don't need
47:59 it.
48:00 But
48:02 you know, that's sent
48:04 I believe it's to council.
48:05 I know it's to them.
48:06 You know, so that you you would all have
48:09 the opportunity to say
48:10 yes, I want an exit interview
48:13 or no, we don't need one.
48:14 So that's part of the
48:16 year, the end of the process.
48:19 So all that
48:21 could be accomplished by just
48:23 council saying yes, we want an exit interview.
48:25 So
48:26 rather than the audit committee.
48:31 Yeah, I do think there is benefit to having
48:33 the independent auditor before council.
48:35 Just
48:37 someone whether it's virtually, right?
48:38 They may I don't know who if our auditor
48:40 is local or other local
48:42 and in my past experiences,
48:44 they've
48:46 they're always willing to come to
48:48 council meeting.
48:48 They want to be let out of the
48:51 hallway room that they crunch all the numbers
48:53 and talk finally.
48:54 I just saw them there.
48:56 They're here this week.
48:59 So that's what I would propose.
49:01 I welcome
49:02 any other amendments if those have them in
49:04 between meetings or comments or concerns
49:06 based upon what I brought up council book.
49:08 Thanks. Good discussion.
49:11 I like the
49:13 amendment you're describing
49:14 and look forward to getting it in
49:16 formal form.
49:18 I did receive your email,
49:19 which was helpful today.
49:20 Thanks.
49:21 I especially like keeping 160.
49:23 Oh one the same.
49:24 My reading of that by the way is broader
49:26 than just a review
49:28 of
49:30 an audit report formally
49:33 presented by our auditor,
49:35 which certainly included
49:37 but to me I see
49:41 a much broader reading that said,
49:42 you know to provide an independent review
49:44 and oversight over
49:47 just what it says
49:48 oversight over the city financial reporting process
49:50 internal controls,
49:51 etc.
49:52 So that that's inclusive of but broader
49:54 than
49:55 and I think the purpose here
49:56 or the intent
49:58 and at least for some of the years
49:59 it was in function.
50:01 I saw it happen
50:02 before my eyes was
50:04 improvements,
50:05 you know,
50:06 it's it's it's a dialogue with
50:09 other
50:11 technical experts,
50:12 professionals,
50:13 in certified in the field,
50:15 a dialogue with our finance department,
50:17 which is excellent.
50:20 But nevertheless,
50:21 technology keeps changing,
50:23 our financial position keeps changing,
50:25 pressures outside of our city government
50:26 keep changing.
50:28 Since this
50:29 was created,
50:30 the local government fund has been cut in half.
50:32 We went through a national housing foreclosure crisis.
50:34 We had
50:35 city budget cuts with a bunch of changes,
50:37 right?
50:37 So the pressures that come to the city
50:40 aren't going to be one thing and static
50:42 and unchanging.
50:43 So the idea here
50:44 I think is broader than just
50:46 helping
50:48 to digest
50:50 any given fiscal years
50:52 audit report.
50:53 So that's that's the part that interests me.
50:56 It sounds like
50:57 there's value in having the finance committee be the
51:00 home and the
51:01 convener of that for now.
51:03 The part that I want to put thought to
51:05 is could we,
51:07 I think as Councilwoman Hamilton-Siner was
51:09 alluding or envisioning,
51:11 could we have our cake and eat it too where we'd have
51:14 the support.
51:15 Council President Keppel also
51:17 said this,
51:18 that you know,
51:18 we've got some people we identify they haven't been
51:22 meeting formally or used as intended
51:25 in somehow this
51:26 potential finance committee led
51:28 structure
51:31 involve them in ways that are not just member of the
51:33 public come and join.
51:35 I think it's more likely that
51:38 you know,
51:38 a highly paid,
51:39 highly skilled CPA
51:41 would
51:42 commit significant hours
51:45 involved in reading through a diet and digesting
51:48 an audit if
51:49 they had
51:50 some formal role.
51:52 But
51:53 that's my thoughts for now.
51:54 So I thank you for the thoughtful
51:57 discussion.
52:02 Well at this point I'll
52:04 I'll go ahead
52:05 defer that or make a motion to defer this action and then
52:08 we can come up with a substitute and then I welcome
52:11 there's a lot of ways to do this.
52:13 I welcome
52:15 suggested language
52:17 to the extent you you would like to see a change and
52:19 we can talk about it more fully
52:22 the next committee meeting.
52:25 So I'll go ahead and make a motion to defer
52:27 action on
52:29 ordinance 27-2025.
52:32 Motion is made in second in discussion.
52:35 All those favor aye.
52:36 Aye.
52:38 No further business before the Finance Committee.
52:40 We are adjourned.
52:41 We have five minutes.