All of the city’s accounts with the exception of the wellness center checking, the community center main savings, and the community center are reconciled with the bank. According to City Clerk Chris Rodman, the community center main saving account is really close. It’s missing some interest. According to Rodman, he needs to get more information from the director of the community center to get that reconciled properly.
The city is expecting a large influx of cash in October from property tax payments which will balance the budget. In 2010 that figure was $52K.
There is $121K in the road use fund leaving the city with a little money for repairing streets.
The electric fund has more money coming out of operating expenses but that is being made up by increased revenue due to the increased accuracy of those meters.
Cash in the bank comes to -$27K. Because they changed the utility billing dates, there is $90K that didn’t come into the bank before the end of the month, which means that if things were operating under normal circumstances, they would have been several tens of thousands in the black.
Ray Boeckman was concerned about $146K that has been shifted around but is not showing. Rodman indicated that he would have an answer about that money by the next council meeting.
the fire department was granted $5K from the bank. The next time the council sees this report, Rodman indicated that that $5K would be in an account called “Fire Department Donations”
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