The Toledo Finance, Debt & Budget Oversight Committee convened on May 28, 2025, to review the city's financial status and discuss key reports, including the April financials and updates on the American Rescue Plan Act (ARPA) funds.

During the meeting, officials confirmed that there are currently no delinquent economic agreements, indicating that all parties are up to date with their commitments. This positive news reflects the city's ongoing efforts to maintain financial stability.

The committee also examined the all funds revenue and expenditure reports, with an invitation for questions from council members. However, no inquiries were raised during this segment of the meeting.

A significant focus was placed on the ARPA report, which summarized the Toledo Recovery Plan as of April 2025. It was noted that all funds have been obligated, meeting the deadline set for the end of 2024. There remains $37.2 million to be expended between now and the end of 2026, highlighting the city's ongoing commitment to utilizing these federal funds effectively.

Additionally, the Capital Improvement Plan (CIP) report was included in the meeting packet, although specific details were not discussed in depth.

Overall, the meeting underscored Toledo's financial health and the effective management of federal recovery funds, setting a positive tone for future fiscal planning and community development initiatives.