Lake Ripley board reviews February finances, flags higher insurance renewal
Treasurer Deb Kutz reported February receipts of $43,049.12 and disbursements of $15,205.20; the board noted a June insurance renewal that will cost substantially more and agreed to shop around for alternatives.
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Treasurer Deb Kutz reported the district received $43,049.12 in February, including a Village of Cambridge tax settlement of $209.50, a Town of Oakland tax settlement of $41,551.14 and an Enbridge reimbursement of $1,288.48. Disbursements for the month totaled $15,205.20, and account balances included $253,548.60 in checking, a loan CD of $107,048.89 and a restricted loan CD of $106,133.80.
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