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Bargersville receives 2024 financial update showing higher interest income and a permanent revenue increase
Summary
Town finance staff told the Bargersville Town Council that pooled cash interest and a successful appeal increased recurring revenue; audit items and arbitrage calculations remain pending.
At its Feb. 11 meeting, the Bargersville Town Council heard a financial summary for 2024 from Dustin Doyle, town finance staff, who reported higher interest earnings on pooled cash and a permanent revenue increase from a state appeal.
Doyle told the council the pooled-cash account earned $820,000 in interest on an average balance of $18,000,000 in 2024, compared with about $413,000 on an average $20,000,000 balance the prior year. He said…
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