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Comptroller: Kankakee’s August financials broadly on track; reserves and ARPA spending highlighted
Summary
Comptroller Rogers told the Budget Committee on Sept. 8 that preliminary August financial statements show revenues and expenditures generally in line with expectations, noted timing variances for licenses and grants, reported increased city reserves to meet a goal set in 2022, and said about $1.8 million remains unspent in ARPA allocations.
KANKAKEE, Ill. — Comptroller Rogers told the City of Kankakee Budget Committee on Sept. 8 that preliminary August 2025 financial statements are “very rough interim financials” but broadly in line with budget expectations.
Rogers said the city is about four months into the fiscal year and should be roughly 33% through the budget. She flagged licensing revenues as below expectations because of timing: many license fees are due either early or late in the year. Grants and service charges also showed timing variance, while property tax second‑distribution receipts have been received.
On expenditures, Rogers said most departments remain within budget. Some line items appeared high because of timing: police and fire pension payments and a police‑training revenue offset made an ammunition-and-supplies line show a temporary negative balance. Salary increases paid earlier this fiscal year pushed total expenditures slightly above the month’s baseline; total expenditures were reported at about 36.44% through the year in the interim statement.
Rogers said the city has increased funds set aside in the city reserve account to meet a previously established goal set in 2022 to raise reserves from approximately $3.4 million to $10 million. She said that the city’s liquidity and reserves were a key factor cited by the rating agency when upgrading Kankakee’s bond rating.
Rogers also reviewed American Rescue Plan Act (ARPA) spending: the packet shows a total ARPA allocation of about $15 million, $13.2 million expended and roughly $1.8 million remaining in open projects. She said Illinois Funds continues to perform well for the city and that the city realized more than $1 million in interest income last year and has budgeted about $1 million this year.
Rogers concluded that cash balances remain strong and that the city has moved capital funds into the capital account in advance of expected invoices. Committee members did not take formal action on the financial report during the Sept. 8 meeting; the committee approved the minutes for the prior meeting during the session.
