Laserfiche WebLink
<br />FINANCE COMMITTEE MEETING <br />NOVEMBER 20, 2023 <br />AUDITORIUM <br />Present: Councilmembers Shachner, Bullock, Kepple (via Zoom) <br />lso Present: Councilmembers Marx, Baker and Rader; Mayor George, Law Director Vargo, <br />A <br />Finance Director Rancatore, Assistant Finance Directors Eddy & Schuster, Human Resources <br />Director Dillinger, Planning Director Leininger, Council staff <br />Called to order: 5:53 PM <br />Consideration of the minutes from the November 13, 2023 meeting of the Finance <br />Committee <br />A motion was made and seconded to approve the minutes. All members voted in favor. Motion <br />passed. Minutes approved. <br />ORDINANCE 18-2023 - AN ORDINANCE to take effect immediately provided it <br />receives the affirmative vote of at least five members of Council, or otherwise to take <br />effect and be in force after the earliest period allowed by law, establishing new <br />purchasing limits in line with the Ohio Revised Code for the City of Lakewood. <br />Chair Shachner recapped that at the previous meeting the committee substituted Ord. 18-2023 <br />with amendments as proposed by the administration and then made additional amendments to <br />that substitute version. <br />At the suggestion of Councilmember Baker, Chair Shachner made a motion to amend Section 5 <br />by inserting the following language: <br />That Section 111.03 Lakewood Hospital Contracts (Repealed) is hereby replaced by a new <br />section 111.03 entitled Department of Finance Reports/Internal Controls outlined below <br />Motion seconded by Councilmember Bullock. All members voted in favor. Motion passed. S. <br />Ord. 18-2023 amended. <br />Councilmember Baker noted that the current version of the ordinance suggests that Council will <br />approve the internal controls upon approval of the budget book. He pointed out that Council does <br />not approve the budget book, but rather a related package of legislation that informs the budget <br />book. <br />The administration weighed in on the potential implications of this for the language of the <br />ordinance. <br />Councilmember Baker suggested that the administration draft separate legislation setting forth a <br />description of its internal financial controls either annually, or on a one-time basis and amended <br />by Council upon any changes being made to the controls. <br />1 <br /> <br />