Treasurer Reports August Financials with $62M Corporate Fund Balance

September 12, 2025 | Springfield, Sangamon County, Illinois


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Treasurer Reports August Financials with $62M Corporate Fund Balance
Springfield City Council has reported a slight decrease in its corporate fund balance for August, as outlined in the treasurer's report presented during the recent meeting. The report revealed a beginning balance of $62,914,565, with total receipts amounting to $15,897,432. However, disbursements exceeded receipts, totaling $16,292,259, resulting in an ending balance of $62,519,738 for the month.

Notably, the report highlighted that the general fund balance includes $7,568,506 designated as American Rescue Plan Act (ARPA) funds. This financial overview was accepted unanimously by the council, indicating a smooth approval process.

The meeting also addressed several ordinances that remain tabled or in committee, specifically referencing ordinances numbered 2025-247 and 2025-280. However, no actions were taken on these items during the session.

As the council continues to manage its finances and legislative agenda, the implications of these discussions will be closely monitored by community stakeholders, particularly regarding the utilization of ARPA funds and future budgetary decisions.

View full meeting

This article is based on a recent meeting—watch the full video and explore the complete transcript for deeper insights into the discussion.

View full meeting

Sponsors

Proudly supported by sponsors who keep Illinois articles free in 2025

Scribe from Workplace AI
Scribe from Workplace AI