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Council approves $2.1189 million city-bill payment; alderman January votes no
Summary
The council voted to pay a city-bill run in the corrected total of $2,118,905.84; questions about timing, account balances and investments were asked during the meeting.
The North Chicago City Council approved payment of city bills at the March 17 meeting, with a corrected total presented as $2,118,905.84. Alderman Allen moved the bill payment and Alderman Murphy seconded the motion; the roll-call vote passed with Alderman January recorded as no.
During discussion Alderman January asked whether sufficient bank funds were available; the clerk or treasurer stated there were sufficient funds and said checks would be cut the following day and mailed Wednesday. The meeting record shows the city’s liquid balance (as of the close of business on the reported day) at $3,841,678.30 and non-liquid investments at $1,510,454.44 (market close figure). The council did not alter the bill run after those clarifications.
Why it matters: Approval releases funds for municipal vendors and payroll. The transcript records timing for check issuance and provides account balances the council used to confirm sufficiency before voting.
