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Treasurer reports fiscal-year-end balances, notes $500,000 year‑over‑year decline in fund balance
Summary
City Treasurer Conzo told the council the general fund balance was $2,745,423 and that invested CDs and a $2,000,000 transfer from the sewer O&M fund raised other investments to $3,455,000; he said the overall fund balance is about $500,000 lower than a year ago.
City Treasurer Conzo presented the April 2025 treasurer’s report to the Lincoln City Council on May 19, reporting a general fund balance of $2,745,423 and noting recent investments that bring other invested balances to about $3,455,000.
Conzo said the report reflects near‑year‑end activity: some checks from the prior fiscal year have not yet been issued and therefore are not reflected in current fund balances. He told the council the city transferred $2,000,000 from the sewer O&M fund into certificates of deposit during the month, which is shown in the other investments line and correspondingly reduced the sewer O&M fund balance.
Conzo said the overall fund balance is down about $500,000 from a year earlier and attributed the decline to higher costs over the year; he also said some inflationary pressures have leveled off. Conzo said the municipal income tax receipts were up about $22,000 year over year through March and that motor fuel tax receipts have trended upward; video gaming tax receipts were nearly unchanged from the prior year through March.
He told the council he will provide a more detailed report on the police and fire pension funds at the next meeting for a final fiscal‑year report; he said the consolidated Illinois Firefighters Pension Investment Fund report was not yet available so the fire pension figure remains pending.
Council members asked no substantive follow‑up questions in the meeting. The treasurer offered to coordinate with sewer department staff to reconcile outstanding items.
