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. Under File No. 689-2026, the city will utilize these services on an as-needed basis to support the Department of Finance with financial advisory and implementation needs.

What's in the file

The emergency ordinance authorizes the Director of Finance to enter into one or more contracts with PFM Financial Advisors LLC. The agreement is structured with the following terms:

PFM Financial Advisors LLC provides specialized financial services for state and local governments PFM | Board of Directors. Their Ohio practice focuses on executing financial strategies and debt plans for public and non-profit clients Bethany Pugh | Managing Director - PFM.

Who may be affected

Status and timeline

  1. May 28, 2026: The ordinance was introduced to City Council.
  2. July 24, 2026: The ordinance was officially recorded in the City Record as passed.

Residents can verify the details of this ordinance by reviewing the official records on the Cleveland City Council Legistar portal.

Key facts

Initial term
one year
Renewal options
two one-year options
Contract Term Options
Initial term1 years
First option1 years
Second option1 years

Source record

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

View on Cleveland Legistar

Official documents

Sources