New Franklin officials discuss financial issues
City officials were focused on financial matters at the Sept. 18 New Franklin City Council meeting.
Council approved two changes in the distribution of the city’s income tax collections and ambulance mileage receipts for the second half of 2012, in keeping with requests from the state auditor for documentation of such transactions in that period.
One change includes an adjustment of the 5 percent of the 1 percent in income taxes collected in that period allocated to the Parks and Recreation Fund, giving those funds instead to the Franklin Park Civic Center, also known as the Tudor House, in order to pay outstanding invoices and ongoing expenses. The Tudor House is classified as a parks operation, according to city officials.
The second change includes an adjustment of 25 percent of ambulance mileage collections from the Fire Capital Improvement Fund to the Fire District Fund, also to pay outstanding invoices and ongoing expenses.
Council also renewed employee health benefit agreements with J.P. Farley, which serves as the third party administrator, Excess Reinsurance as the stop-loss carrier and Cigna Health Network as the city’s self-insurance plan, effective Oct. 1. The contract renewals represent a reduction of 1 percent to 5 percent over last year, according to the city’s benefits representative.
In other business, Council approved a contract renewal between the city and the Summit County Engineer’s Office for snow and ice removal services for this coming winter. The services cover 19 city roads, according to city officials.
“This is the most efficient and cost-effective way to maintain these roads,” said Councilman Paul Adamson (Ward 1), chair of the Finance Committee.
Council also approved a transfer of funds of $100,000 from the General Fund to dispatch.
Also during the meeting, Finance Director Susan Cooke reported an August cash balance of about $3.6 million.
At the end of the meeting, at-large Council members Judy Jones and Harry Gehm presented checks to city officials, donating half of their Council salaries, which equaled $2,726, to the Parks Fund. Jones and Gehm made a similar donation last year.
The next regular Council meeting will take place Oct. 2 beginning at 6 p.m. for committee meetings and continuing immediately after with the regular meeting at City Hall, located at 5611 Manchester Road.
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