Finance Committee 07/27/2026

The City of Westfield, Indiana Finance Committee convened on July 27, 2026, primarily to discuss the ongoing budget process and city investment policies. The committee received updates on the 2027 budget timeline, noting that department budget requests have been submitted and are under review, with council workshops scheduled for early August. Key budget considerations include potential headcount increases, particularly in police, fire, and finance departments, with an anticipated addition of at least three staff members to support growing financial operations. The committee also discussed the flat budget constraints and the 3% salary increase pool available for allocation. Additionally, the meeting covered the city’s investment policy, highlighting the need to update the policy to meet certification standards and improve internal controls. The committee agreed to review proposed policy changes offline and revisit them in a future meeting. Discussions also touched on the challenges of bond reconciliation due to staffing limitations and the importance of succession planning amid the city’s transition from a third-class to a second-class city. No specific contract awards or procurement actions were taken during this meeting.