Cleveland to Secure Financial Advisory Services for Department of Finance

Cleveland City Council has passed an emergency ordinance to allow the Director of Finance to hire PFM Financial Advisors LLC for professional consulting services. This agreement, authorized under File No. 689-2026, provides the city’s Department of Finance with access to as-needed financial advisory and implementation support. The contract is set for an initial one-year term, though the Director of Finance holds the option to renew the agreement for two additional one-year periods.

The selected firm, PFM Financial Advisors LLC, maintains an office in Cleveland and provides specialized services for state and local governments PFM | Board of Directors. The company's Ohio practice is led by Managing Director Bethany Pugh, who focuses on executing financial strategies and debt plans for public and non-profit clients across the Midwest Bethany Pugh | Managing Director - PFM. The legislation includes several supporting documents regarding the application and legislative summary, which can be accessed through the Cleveland City Council Legistar portal.

The ordinance has officially passed and was included in the City Record for July 24, 2026. Residents can monitor future City Council sessions to see how these advisory services are utilized by the Department of Finance or to review any subsequent contract renewals.

Source record

File
689-2026
Type
Emergency Ordinance
Status
Passed
Committee
City Council
Introduced
May 27, 2026

View on Cleveland Legistar

Official documents

Sources