Alderman approves motion as City Treasurer John Schwab presents monthly report

The City Council of Waukegan convened on July 10, 2025, to address several key agenda items, including a motion that was successfully passed and the presentation of the monthly treasurer's report.

The meeting commenced with a motion that garnered unanimous support from the council members. A roll call vote confirmed the approval, with all present aldermen voting in favor, leading to the motion being officially passed and carried by the Mayor.

Following this, City Treasurer Dr. John R. Schwab presented the monthly treasurer's report. He provided a detailed overview of the city’s financial status, highlighting the various funds held by the city. The report included columns for cash, investments, and total balances, with a comprehensive summary of the city’s financial standing available for review. Dr. Schwab noted that copies of the report were distributed to all aldermen and are accessible at the city clerk's office and on the city’s website. He also encouraged any inquiries to be directed to his office or his cell phone.

In addition to the monthly report, Dr. Schwab announced the completion of the 2023-2024 audit, which is scheduled to be presented at the finance committee meeting on July 21 at 5:00 PM.

The meeting concluded with a clear progression of discussions, emphasizing the council's commitment to transparency and financial accountability. The next steps include the upcoming finance committee meeting where the audit will be discussed in detail.