Finance

Finance Director Karen Urbanik

urbanikk@ottawahills.org

419.536.1111

Fax: 419.535.3550

Finance Department

Clerk-Treasurer Eric Shreve oversees the financial function of the Village, along with the Finance Committee of the Council. Eric’s position is part time and he does not maintain an office at the Municipal Building, but can be contacted through the Village offices.

Karen Urbanik, Finance Director, is responsible for the day-to-day financial management of the Village of Ottawa Hills. This includes all the typical accounting functions including budgeting, cashflow management, payroll and accounts payable.

Ohio Checkbook Website

Village of Ottawa Hills Finances

The Village of Ottawa Hills is in solid financial condition and has an AAA bond rating from Standard and Poor’s, which is very rare for a village in Ohio. The Village is audited every two years by the Ohio Auditor of State’s office. Links to the most recent audits are provided to the left. The Finance office welcomes inquiries from residents at any time.

2020 FINANCIAL SUMMARY

Amount

Unencumbered Balance

6,275,445

Operating Revenues

5,688,742

Operating Expenses

(4,452,407)

Operating Surplus

1,236,335

Capital Revenue

896,146

Capital Budget

(3,707,998)

Capital Deficit (balance reduction)

(2,811,852)

Ending Unencumbered Balance

4,699,928