Finance Department

Transparency Initiative

In January 2018, the City of Munroe Falls partnered with the State Treasurer’s transparency initiative. You can view Ohio Checkbook by clicking City Expenditures online to see where your tax dollars are spent.

Auditor of State Financial Health Indicators Report (FHI Report)

The State Auditor’s office developed a financial tool called the Financial Health Indicators (FHI) used to recognize overall fiscal stress.  These indicators are based on information taken from the entity’s audited financial statements. 

Over a period of eight years, the current administration has significantly changed the City's financial outlook. The preliminary Financial Health Indicator (FHI) Report for year-end December 31, 2023 has all positive outlooks for all 15 of 15 applicable indicators. Financial Health Indicators are a series of financial information, percentages, and rations gathered from annual financial statements, filed by local governments, which are useful in predicting financial stability. This report shows the City is fiscally responsible and achieved the goal of financial stability. This challenge was accomplished over a period of eight years, using available resources and working within a lean budget, to build financial strength. Back to 2016, the City was faced with deficit spending, and no forecasting of future revenue streams to pay the outstanding debt for waterlines or other capital purchases. Many capital purchases were financed, rather than programmed into a capital expenditure plan, leaving no capital reserves to purchase new vehicles or equipment. 

The City strives to continue to provide transparency and excellence in financial reporting. If you have any questions regarding the finances of the City, contact the Director of Finance.