Greenfield Finance Director Expects Cash Reconciliation to Finish by December

September 19, 2026 - 00:42

Greenfield officials say the city's cash reconciliation process is on track to wrap up by December, a timeline that would clear the way for a bond sale in January.

The finance director told the city council that staff have been working through account records to confirm that cash on hand matches what the books report. The review covers multiple funds and bank accounts, and it follows months of work to correct discrepancies that first surfaced earlier this year.

According to the finance director, most of the remaining questions involve older transactions that require documentation from outside parties. Once those items are resolved, the city can close the reconciliation and move forward with its financing plans.

The January bond bid is a key step for Greenfield. A completed reconciliation gives investors and rating agencies a clearer picture of the city's financial position. Officials said the bond proceeds would support previously approved capital projects, including road and utility work.

Council members asked about staffing and the cost of the review. The finance director said the work is being handled largely in house, with limited help from an outside accounting firm. No new delays were reported, and the director said the December target remains realistic if the remaining records arrive on schedule.

City staff plan to provide another update at the next council meeting.