SPLASH PAD: Fostoria Vision 2020 Inc. Concealing Financial Information
Fostoria Vision 2020 Inc. rejects public records request for financial information, claims records don’t exist.
City Council Appropriates Funds
The Fostoria City Council took early action during its recent meeting at the municipal building, with newly-elected member Bob Podach stepping in ahead of schedule. Council members approved funding allocations for various projects and salaries, including $1,155,000 for the fourth and final phase of the North Main Street sewer-improvement project. The council also passed ordinances authorizing Mayor Eric Keckler to extend agreements related to sewage and water provision with Seneca County, Jackson Township, and Loudon Township.
In addition to addressing legislative matters, the council expressed support for Senate Bill 119, advocating for stricter regulations on interstate trash transportation. The meeting also included the first readings of ordinances related to salaries. Council President Brian Shaver congratulated fellow council member Don Mennel on his victory in the mayoral race, and Mennel is set to succeed Mayor Keckler in 2024.
Acknowledging community contributions, Ed Schetter from the ABATE of Ohio motorcyclist organization presented Mayor Keckler with gratitude for his support in events like the recent Toy Run benefiting children’s Christmas charities. Mayor Keckler highlighted upcoming city events, including Veterans Day ceremonies and a ceremony commemorating the 10th anniversary of the Iron Triangle Railpark.
2023 | Expense (Budget) Reports | The City of Fostoria |
2023 | Expense (Budget) Reports | The City of Fostoria
A city expense report is a financial document that provides a detailed breakdown of the expenses incurred by a city government or municipal entity. These reports are used to track and document how public funds are spent, ensuring transparency and accountability in the management of city finances. Here are the key elements typically included in a city expense report:
- Date Range: The report specifies the time period for which the expenses are being documented. This can range from a single month to a full fiscal year.
- Expense Categories: City expense reports categorize expenses into various groups, such as personnel costs (salaries, benefits), operating expenses (utilities, maintenance), capital expenditures (infrastructure projects), and more. This categorization helps in understanding the nature of the expenses.
- Department or Division: Expenses are often broken down by the department or division responsible for incurring them. This allows for tracking spending by various city functions, such as public safety, public works, administration, and others.
- Vendor or Payee: The report lists the names of vendors or individuals who received payments from the city. This information helps in identifying the recipients of city funds.
- Description of Expense: Each expense is accompanied by a description explaining the purpose or nature of the expenditure. This helps stakeholders understand why the expense was incurred.
- Amount: The cost of each expense is documented in this section, usually in the local currency.
- Total Expenses: The report provides a summary of the total expenses incurred during the specified time period, both in individual categories and as a grand total.
- Comparison to Budget: Some city expense reports may include a comparison of actual expenses to the budgeted amounts for the same period. This helps assess whether the city is staying within its financial plan.
City expense reports play a critical role in financial management, accountability, and transparency for municipal governments. They are often reviewed by city officials, auditors, and the public to ensure that taxpayer funds are used efficiently and in compliance with relevant regulations and budgetary constraints. Additionally, these reports aid in decision-making and future budget planning.
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2023 | MTD YTD Combined Fund Reports | City of Fostoria, OH
2023 | MTD YTD Combined Fund Reports | City of Fostoria, OH
An MTD YTD Combined Fund Report typically refers to a financial report that presents financial data for an organization, typically a company or a government entity, for both the current month (MTD – Month-to-Date) and the year-to-date (YTD) period. The report combines these two sets of financial information to provide a comprehensive overview of an entity’s financial performance and position.
This type of report is commonly used for tracking and evaluating financial performance over specific periods, allowing stakeholders to assess how the organization is doing in the short term (the current month) as well as in the longer term (year-to-date). It can include various financial metrics, such as revenue, expenses, net income, cash flow, and balance sheet items.
MTD YTD Combined Fund Reports are essential for making informed financial decisions, setting budgets, monitoring progress towards financial goals, and comparing financial performance against established benchmarks or previous periods. These reports are commonly used by businesses, nonprofit organizations, and government agencies to keep a close eye on their financial health.
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