The Mantua Town Council accepted a discussed quarterly budget amendment on March 19, 2026, after a financial review led by town staff. Council members asked staff to investigate and explain a roughly $54,000 negative finance‑charge adjustment that appeared in the water fund.
Ron, the staff presenter, told the council the figures shown are a proposal for an amended budget and that final approval of the amended budget is scheduled for the next meeting. He summarized revenue and expense trends, noting that most line items were near expected benchmarks and that the town expects to recognize some grant revenue across fiscal years.
Ron said the Main Street reconstruction grant previously shown in projections would be recognized differently this year. "We changed that from 1,354,000.000 to 250,000. We expect to spend 250,000 on that this year," he said, explaining the plan to spend the remainder in the following fiscal year.
A council member raised a notable discrepancy in the water fund: "I do want some explanation on the negative 54,000 on the water," the member said, pressing staff for detail. Ron responded that the amount reflects adjustments and billing corrections: "Those were your finance charges. It was adjustments with billing," and said staff would provide a clearer accounting.
On the net position, Ron reported a modest operating surplus in the current numbers and asked council members to consider departmental needs for how to allocate about $50,004.36 of projected revenue over expenses. The fire department representative noted operational costs and priorities, including an engine purchase and outfitting costs that could affect near‑term spending decisions.
After the discussion, a council member moved to "accept the discussed amended budget with an action to explain the negative 54,000 on the water." The motion was seconded and the council indicated acceptance; the transcript does not contain a complete roll‑call vote for that motion. Staff will prepare a follow‑up explanation of the finance‑charge adjustments and present the formal amended budget for approval at the next meeting.
The meeting adjourned after the motion and associated follow‑up were recorded.