department of public utilities division of cleveland ...
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This is an audit report of the City of Cleveland's Department of Public Utilities, Division of Cleveland Public Power for the fiscal year ended December 31, 2024. The document presents audited financial statements including the Statement of Net Position, Statement of Revenues, Expenses and Changes in Net Position, Statement of Cash Flows, and related notes covering pension and OPEB liabilities through the Ohio Public Employees Retirement System. The report was prepared by the Ohio Auditor of State and addresses the financial position and operations of the Division as of and for the year ending December 31, 2024.
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The City of Cleveland's Finance Director presents the fiscal year 2026 Mayor's Budget Estimate, a balanced budget developed through collaborative planning across city divisions to transparently allocate resources to essential services. The budget prioritizes elevated investments in economic development, public safety, and technology, supported by strong 2025 performance that included a $21 million police station improvement lease-purchase agreement, $12 million in road resurfacing, new multi-year union agreements covering 85% of unions, and implementation of modern financial and permitting systems that improved efficiency. The fiscally responsible approach aims to promote job growth, affordable housing, and modernization while maintaining financial stability and limiting unnecessary borrowing.
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