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Machesney Park accepts treasurer's report; board approves $633,303.82 warrant
Summary
Trustees placed the treasurer's report on file for audit showing total funds of $48,539,213.54, approved a warrant for $633,303.82 and received a quarterly investment update showing $405,952 in interest for Q1 2025.
The Village Board of Trustees of Machesney Park accepted the treasurer's report on June 16 and approved a warrant totaling $633,303.82.
Treasurer Deb Hall reported total village funds as of June 16, 2025, of $48,539,213.54; the board voted to place the report on file for audit (motion by Trustee Wilson; second by Trustee Bailey). The warrant, moved by Trustee Wilson and seconded by Trustee Sipes, was approved on roll call. The clerk recorded that bills have been approved.
Finance and HR Director Shannon Hanson delivered a quarterly investment report covering Jan. 1 through March 31, 2025. Hanson reported total interest across the village's 18 interest‑bearing accounts of $405,952 for the first quarter, a decrease of $14,631 from the prior year at the same point and a decrease of $39,755 compared with the previous quarter. Hanson said the village continues to feel the impact of declining interest rates.
The meeting record does not list specific line‑item allocations from the warrant or names of vendors paid. The treasurer's report was placed on file for audit, per the board's motion.
