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Treasurer reports general fund dip tied to large insurance payment; overview of tax receipts
Summary
The city treasurer told the council the general fund balance is lower year-over-year primarily because the city paid a liability insurance premium in January exceeding $300,000; sales, income and other tax receipts show modest increases compared with last year.
Treasurer Acanzo told the Lincoln City Council on Feb. 17 that the city’s general fund balance is down compared with a year ago, largely because the city paid a liability insurance premium in January that exceeded $300,000.
On revenue, the treasurer pointed to modest year-over-year increases in several taxes: combined municipal sales and use tax receipts of about $3,418,000 compared with…
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