Cleveland Heights Finance Committee members convened on January 14, 2025, to address critical financial updates and the status of ongoing projects. A key focus of the meeting was the anticipated report from Vice Chair Anthony Maddox regarding mortgage and home improvement loans in predominantly African American neighborhoods. However, Maddox requested to reschedule this discussion, prompting the committee to move on to other agenda items.

The committee received an update on the engagement of an independent CPA firm, Achiuti and Panicky, which is essential for reviewing the city’s budget. The chair, Gail Larson, emphasized the urgency of finalizing the agreement with the firm, noting that it is currently awaiting the mayor's signature. This step is crucial as the firm needs the signed agreement to proceed with their analysis and provide guidance on the budget.

Larson highlighted the importance of timely communication between the committee and the CPA firm, suggesting that a more open channel of dialogue could enhance collaboration. She expressed concern about the need for clarity in communication, particularly as the committee navigates the complexities of the fiscal audit for 2023. The chair indicated that insights from both the state auditor and the CPA firm would be invaluable in understanding the current status of the audit process.

The meeting also included introductions of council members present, reinforcing the collaborative nature of the discussions. As the committee looks ahead, the timely engagement of the CPA firm and the completion of the fiscal audit remain top priorities, with implications for the city’s financial health and transparency. The committee is hopeful for a swift resolution to the pending agreement, which will enable them to move forward with critical financial oversight.