Agenda Items

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Approval of the Minutes of the December 8, 2025 Meeting of Finance Committee

minfin 12-08-25

Mayor's Office (10 min) Mayor George

Mayor Budget Presentation 2026

Council Office Budget (20 min) Clerk Bach

Council Budget Presentation 2026

Substitutions and finalization (30 min) Attendees: Finance Director Mahoney & Staff, Law Director and/or Assistant Law Director

The following communication and legislation will be considered, referenced, and discussed:

1. Communication from Finance Director Mahoney regarding 2025 Year-End and 2026 Budget Ordinances. (referred to Finance 11/17/25)

Mahoney - Budget Communication

2. ORDINANCE 31-2025 - 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, to establish appropriations for current expenses and other expenditures of the City of Lakewood, State of Ohio, for the fiscal year ending December 31, 2025. (1st read & referred to Finance 11/17/25; 2nd reading 12/1/25)

31-2025 - Current (2025) FY Appropriations Proposed Substitute

3. ORDINANCE 32-2025 -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, authorizing the transfer and advance of certain funds. (1st read & referred to Finance 11/17/25; 2nd reading 12/1/25)

32-2025 - Q4 transfers and advances Proposed Substitute

4. S. ORDINANCE 33-2025 - 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, to establish appropriations for current expenses and other expenditures of the City of Lakewood, State of Ohio, for the fiscal year ending December 31, 2026. (1st read & referred to Finance 11/17/25; 2nd reading 12/1/25)

S. 33-2025 - Authorize 2026 appropriations Proposed Substitute

5. S. ORDINANCE 34-2025 - 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, authorizing the Mayor (Director of Public Safety), the Director of Public Works, the Director of Law, the Director of Finance, and/or the Purchasing Manager to enter into contracts for professional services, and to advertise for bids and enter into contracts for the purchase of repair, maintenance and operating supplies, services and equipment as authorized by the 2026 Appropriation Ordinance and the Administrative Code of the City of Lakewood with the lowest and best bidder or bidders or as otherwise provided by law. (1st read & referred to Finance 11/17/25; 2nd reading 12/1/25)

S. 34-2025 - Purch+Cont 26 Redlined

6. S. ORDINANCE 35-2025 - 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, authorizing and directing the Mayor (Director of Public Safety), the Director of Public Works, the Director of Law, the Director of Finance, and/or the Purchasing Manager to enter into contracts in accordance with the Administrative Code of the City of Lakewood for the contracts listed below not to exceed the specified amounts shown without separate resolution of Council. (1st read & referred to Finance 11/17/25; 2nd reading 12/1/25)

S. 35-2025 - Capital Ordinance 26- Redlined Proposed Substitute

7. S. ORDINANCE 36-2025 - 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, authorizing the Mayor (Director of Public Safety), the Director of Public Works, the Director of Law, the Director of Finance, the Director of Planning & Development, and/or the Purchasing Manager to enter into service contracts in accordance with the Administrative Code of the City of Lakewood for the Department of Planning & Development in accordance with the Administrative Code of the City of Lakewood, contracts not to exceed the specified amounts shown without separate resolution of Council. (1st read & referred to Finance 11/17/25; 2nd reading 12/1/25)

S. 36-2025 - 1 FY26 DPD Contracting Authority Ordinance Redlined Proposed Substitute

8. Communication from Finance Director Mahoney regarding Petty Cash and Operating Fund Changes. (referred to Finance 11/17/25; 2nd reading 12/1/25)

Mahoney - Changes to Petty Cash Funds and Operational Cash Funds

9. ORDINANCE 29-2025 - AN ORDINANCE to take effect January 1, 2026 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 after the earliest period allowed by law, amending Section 129.53 Petty Cash Fund and 129.54 Operational Cash Funds of the Lakewood Codified Ordinances to better meet current needs for both petty cash and operational cash within the departments of the City of Lakewood. (1st read & referred to Finance 11/17/25; 2nd reading 12/1/25)

29-2025 - Amend 129.53 & 129.54