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Wheeling Finances on Solid Ground, Despite Revenue Dip | News, Sports, Jobs


File Photo by Eric Ayres
WHEELING Passing three quarters through the current fiscal year, the city of Wheeling remains on solid ground with its finances, despite a COVID-related shortfall in revenues that is approaching a half-million dollars.
Members of the Finance Committee of Wheeling City Council recently reviewed the city’s March financial report, which marked the completion of the third quarter of the current fiscal year that started in the midst of the pandemic in July 2020. Wheeling City Manager Robert Herron said revenues for last month alone were noticeably down compared to last year.
“Revenues for the month of March were $2,632,000,” Herron said, noting that city revenues for March of 2020 came in at around $2,764,000. “So it’s about $140,000 less than last year at the same time.” ....

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Aiding Businesses, Residents in City | News, Sports, Jobs


Dec 19, 2020
Wheeling’s municipal finances are in excellent condition. The same cannot be said of the bank accounts of some local residents and businesses.
As we reported, two key city accounts the unencumbered fund balance and the Municipal Budget Stabilization fund contained nearly $8.5 million last week. About a year ago, the total was about $3.9 million. In other words, the two funds are nearly $4.6 million ahead of where they were in mid-December 2019.
And as City Manager Robert Herron reported to City Council last week, November revenue for the general fund was about $9.3 million higher than than for the same month last year. ....

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Wheeling Finances Remain Rock Solid Through Pandemic | News, Sports, Jobs


Staff Writer
WHEELING – Despite economic uncertainty that has been a theme throughout 2020 for many people in the COVID era, the city of Wheeling has been able to keep its financial footing on solid ground through the pandemic.
Members of the Finance Committee of Wheeling City Council met this week to review and approve the November financial report. Wheeling City Manager Robert Herron presented council members with fiscal comparisons of revenues and expenditures that the city has reported in November for the same time over the past three years.
Although 2020 has been an unusual year because of the economic impacts of the pandemic, the city has been able to do well. Wheeling has been successful in receiving funds through the federal CARES (Coronavirus Aid, Relief and Economic Security) Act over the past several months, which have provided a safety net for the city’s finances and helped bolster the city’s Municipal Budget Stabilization Fund and Project Fund. ....

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