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Kankakee budget committee reviews January finances, hears ARPA audit update; final pension payment set for Feb. 26
Summary
Comptroller Rogers told the February budget committee that January revenues and expenditures are largely on track, with property taxes at 100% and several departments under budget; the committee heard an audit timeline and was told the final police and fire pension distribution will be sent Feb. 26.
The Kankakee City Budget Committee on Wednesday reviewed January financial statements, received an update on the city audit and American Rescue Plan Act (ARPA) reporting, and was told the final police and fire pension distribution is scheduled for Feb. 26.
Comptroller Rogers led the review of revenue and expenditures, saying property tax collections are complete and showing 100% of that line posted for the fiscal year. "We are all done with those. We got our final payment in December. So as you can see, we're right at 100%," Rogers said.
Rogers told the committee most revenue and expenditure lines reflect actuals through Jan. 31. She said the cannabis excise tax is tracking below budget and that some grant receipts — notably Justice Assistance Grant (JAG) money for the police department — are being processed now. Rogers flagged timing differences on interest and other receipts and said several accounts remain to be balanced for interest accruals.
On expenditures, Rogers said most departments are running…
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