Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City treasurer reports: general fund down about $600,000 year-over-year; pension withdrawals, transfers noted
Summary
Treasurer presented revised May 2025 financial reports showing the general fund balance is roughly $600,000 below last year (partly due to a roughly $254,000 demolition); the fire and police pension funds required withdrawals from consolidated investments ($539,000 and $956,100 respectively) and received transfers from the general fund.
The city treasurer presented revised financial reports for May 2025 and annual reports for the fire and police pension funds, telling the Lincoln City Council the general fund is about $600,000 lower than a year ago and explaining several one-time and recurring factors.
"It's down about 600,000 almost from where we were a year ago," Treasurer Conso said, adding that a large expense for demolition of a building on Sangamon Street — "somewhere around there,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
