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City financial report shows positive year‑to‑date balance; pension reserve moved to KLC investment fund
Summary
Finance staff told council on Jan. 21 that December financials show a positive year‑to‑date position, routine quarterly transfers to capital have been made, and $1,000,002 from the pension reserve was invested in the Kentucky League of Cities investment fund.
City finance staff presented the December financial report to Hopkinsville City Council on Jan. 21 and reported that year‑to‑date revenues exceeded expenses and that the city moved pension reserve funds into the Kentucky League of Cities (KLC) investment fund.
Melissa Clayton presented month‑and‑year figures and described interfund transfers, revenue collections and departmental spending through six months of the…
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