Delaware County Treasurer Brad Polk told the County Council on Sept. 4 that interest income for August totaled $270,366, bringing interest receipts for the first eight months of 2025 to $2,024,003.

Polk said those receipts are above earlier projections and that, barring major rate changes, interest revenue for the full 2025 fiscal year is likely to end up around $3.1 million. “For August we’re at $270,366 … for the year so far in 8 months $2,024,003,” Polk said, adding later, “I’m gonna say 3.1.”

Why this matters: The treasurer’s update directly affects the revenue line used to set the county’s budget and levy. Council members and staff used Polk’s figures to revise the July–December 2025 interest estimate for budget paperwork and to discuss the amount of cuts still required to balance the county’s books.

What the council changed: Staff and councilors discussed several related adjustments. For the July–December 2025 period the number originally shown on forms (roughly $1,005,500) was increased in conversation to about $1,605,500 after accounting for clerks’ interest and other items; the council ultimately treated a $600,000 increase to July–December interest revenue as the working figure. For 2026 the treasurer and staff discussed a conservative additional increase of about $300,000 to interest revenue, which together with other departmental revenue adjustments was expected to reduce the remaining cuts needed in the budget.

Details and caveats: Polk and staff repeatedly noted that the numbers are estimates and that final figures depend on future interest‑rate movements and the receipts remaining in the year. Polk framed the $3.1 million figure as an expectation assuming no large rate shifts. Council members and staff clarified that some small revenue items (for example, mobile home permit fees of about $5,500) are accounted for on separate lines and should not be mixed with interest estimates.

Next steps: Council and budget staff agreed to use the updated interest projections while finalizing budget worksheets and to re‑check the figures before formal adoption. Staff also flagged that some interest amounts include internal allocations (for example, clerk or sweep program activity) and that line‑by‑line confirmation would follow as they prepare adoption documents.