Date: November 10, 2025
Location: Council Chambers, 47 Hall Street, Powell, OH | Time: 7:00 PM
The Powell Finance Committee reviewed October 2025 financials, discussed early redemption of LCIFA debt, approved supplemental appropriations, and set the 2026 legislative calendar. The meeting concluded with a motion to adjourn.
I'm going to call the finance committee meeting to order for November 10th. Call the balls. Marcus Banisick? Here, president. Jennifer Bonitas. President. Tyler Herman. Here. All right. Has everyone had a chance to review the minutes? Any additions, corrections? No. And that we will approve the minutes by consensus. Let's move on to the October 25th monthly reports. All right. I'll go over the executive report, kind of high level, couple updates per page. So just feel free to stop me if you have any questions. But in the interest of time, we got a lot of good stuff on the schedule today, so I'll kind of keep it late on this report. First page, our year-to-date operating revenue is $19.5 million. That's 92.6% of the budget. So all of our subcategories of operating revenue are ahead of the target of 83.3% through October. Total $9.8 million. That's $66.1% of the budget. That's below our target. We're along kind of a good rate there with personnel expenses at $76.5. Our operating expenses are low. It's at 50 about 59% of the budget. So a lot of those bigger expense differences are in contracted services and building maintenance. So I think those were maybe just a little bit heavily budgeted this year. We're not using those expenses as much as we got.6 million dollars, which is 73.6% of the budget, which is under target. So still October results look good. Second page, cash balances, all funds, cash balance is $50.8 million, and then unencumbered balance is a little over $42 million. With the general fund, the cash balance is $23.9 million, and its unencumbered balance is about $22.5 million. So still it's general fund. We've got a little positive cash flow there of $881,000. So positive in the general fund so far this year. Year to date revenue as of October increased by about 3% compared to October year to date of last year. And then just to highlight our really good interest earnings, year to date interest income is up 19% compared to last year, year to date. Yes, that is very good. Third page, just a high level um view of all of our funds here and the beginning balance, net change and ending balance. I think you'll see fund 324. That's the a new fund with our new debt this year. So this came on the schedule, I think in August, whenever we put that debt on the books. Total 18.6 million dollars. Like we saw on the first page, everything is below the target of 83%. Everything's favorable. I'll just highlight a couple notable activities for the month. Building maintenance, just under $60,000. That was Adventure Park Damaged Fasha, Fasha. Fasha.