×

Warren’s first-quarter finances outlined

DEAR EDITOR:

A 2019 first quarter financial review, January through March, shows that Warren’s general fund collected $6,789,213, an increase of $513,820 above 2018, while total general fund expenses equaled $7,062,666, an increase of $493,709 above 2018. The first quarter saw a monthly revenue average of $2.26 million, and a monthly expense average of $2.35 million.

It is not unusual to see first quarter spending exceed its revenue for reasons such as annual contracts being signed and paid in the first part of the year, additional expenses associated with winter weather, and an additional pay period in March.

I believe it is important to provide the public with general operational and financial information explaining highlights of what is taking place in our office and in our community. As we enter spring our focus turns to road and maintenance contracts, Warren’s annual audit, preparing Warren’s 2018 spending to be placed on Ohiocheckbook.gov, and budget reviews with all city department heads.

The following orders to proceed were issued by the administration in the first quarter of 2019: Youngstown Business Incubator Minority Business Assistance Center, $15,000; Tech Belt Energy Innovation Center, Economic Development Technical Assistance and Consulting Services Agreement $15,000; Trumbull Neighborhood Partnership, Home Partnership Program Grant Agreement Amendment II $11,000; WRAP, Economic Development Tech Assistance Agreement, $93,600; Main Lite Electrical Company Inc., Electrical Maintenance Contract, $166,000; Auditor of the State of Ohio, 2018 Financial Audit, $61,787; The Thrasher Group, 2019 Packard Park Splash Pad, $21,240.00; Shannon Chemical Corporation, Potassium Permanganate, $1.97 per pound; Tanner Industries, Aqueous Ammonia, $310.65 per ton; Mosaic Corp. Nutrition, LLC, Hydrofluosilicic Acid $278 per ton; Bonded Chemicals, Powder Activated Carbon, $1,859.80 per ton; USALCO, Alum Polymer, $0.184 per pound.

VINCENT S. FLASK

Warren Auditor

COMMENTS