Treasurer reports modest improvement in general fund, notes matured CD and shifting investments

City Treasurer Ocanto presented the May 2025 treasurer’s report to the Lincoln City Council on June 16, 2025, noting a matured certificate of deposit that was reinvested and an increase in the general fund balance compared with April but a decline compared with the prior year.

Ocanto told the council one CD had matured; the principal ($350,000) plus about $13,000 in earnings had been reinvested, contributing to a reported invested total of about $723,137. He said investments in the Illinois Metropolitan Investment Fund had grown from the roughly $500,000 level when the city first invested several years ago. The treasurer also said the city had placed some sewer-fund money into other investments.

On revenues, Ocanto said state income tax distributions for the period totalled $974,005.38 versus about $892,269 a year earlier; municipal-share state sales tax and non‑home‑rule sales tax receipts were up year over year. Personal property replacement tax continued to trend downward, about $100,000 below last year, as projected during budget preparation. Motor-fuel tax receipts were roughly even year to date with a small increase of about $6,000; video-gaming tax receipts were nearly unchanged (down about $167).

Ocanto said the general fund subtotal was approximately $3,720,000 and that while it was up from last month it remained below the balance a year earlier. He noted format changes to the report to reflect CDs and new investment accounts and that staff had received updated Firemen’s Pension Fund information for April. Council members asked questions and Ocanto invited them to review attached schedules for revenue streams; he offered to follow up on any additional detail they requested.