During the final minutes of last Tuesday’s City Council Regular Session, Councilman Mitch Harper reminded the Administration that it had been a couple of months since the Council passed legislation mandating the release of monthly financial statements. Â The City Council, by law, has to approve any expenditures over $100,000 and is also responsbile for the financial well-being of the City of Fort Wayne. Â Several times, the Council has discussed having to approve expenditures without the knowledge of the City’s current financial status.
In last Tuesday’s meeting, Councilman Harper reminded the Administration of the legislation and stated:
[…] We expect to see it soon, or I think the Council wil take a more restrained view in the way it looks at the funding requests from the Administration…
He finished by talking about the current economic conditions and in particular decreased revenue streams and the challenge this poses for government.
I received a response from Deputy Mayor Greg Purcell about the monthly financial statements, read it here.