To the editor:
To the editor:
As finance chairman for Grove City Council, I am happy to report that over the last five months our city administration and council have developed new financial reporting measures, and financial safeguards.
Since January, we have set up regular financial reporting and updates to City Council regarding monthly expenditures and revenues. Ordinances regarding staff policies and expenditure reporting have been passed as a result of open dialogues and compromise between the council and administration.
We have worked for five months on a new bidding and purchasing ordinance that will clarify how items are to be purchased or bid.
This new ordinance will discussed and voted on at the June 2 council meeting.
In January we received our first Short Term Note Rating which is a MIG-1, the highest Municipal Investment Grade rating we can receive, and we maintained our general obligation rating at Aa-2 by toutingour great city and its virtues to Moodys in Chicago, which means more favorable lending terms and lower repayments.
I am reminded of a comment that was made at those meetings by the rating organization after hearing our presentation: "I am impressed by your presentation and the fact that your elected leaders bring diverse talents to your city and your commitment to working together for the people of Grove City."
City finances are not an easy job, but I will continue to monitor Grove City finances with frank discussions and ordinances when being asked for more money.
For those of you that have not attended a City Council meeting this year I would ask that you do so.
We want to hear from you.
Please feel free to contact me at 871-0292 or by email at email@example.com.Mike Uhrin
Grove City Council
Member at Large