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City treasurer reports general fund dip and mixed tax trends; clerk reports $774,611.88 in February sewer receipts
Summary
At the March 17 Lincoln City Council meeting City Treasurer Conso said the general fund balance is down about $700,000 from the prior year while sales tax receipts through November were higher year-over-year; City Clerk Bateman reported $774,611.88 in sewer receipts for February and $68,741.80 from prison accounts.
City Treasurer Conso told the Lincoln City Council on March 17 that the city's general fund balance is roughly $700,000 lower than it was a year earlier and urged vigilance as the fiscal year finishes.
“It’s not that that’s a balance that we need to be real upset about, but it is not going in the right direction,” Conso said during the February financial report, and he said the city should “pay very close attention” as bills come due at the end of the fiscal year. Conso also noted a change in investment holdings tied to a certificate of deposit that matured in the prior…
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