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Michigan City finance committee approves $18,899.93 in riverboat claims; reports $2.66 million in fund balances
Summary
The Michigan City Common Council Finance Committee approved a revised claims docket charging $18,899.93 to the Riverboat Fund and received a statement showing $809,309.67 in the Riverboat Fund and $1,848,763.71 in the rainy day fund, for total reserves of $2,658,073.38.
The Michigan City Common Council Finance Committee on Jan. 7, 2025, approved a revised claims docket charging $18,899.93 to the Riverboat Fund (Fund 2235) to pay accounts payable to La Porte Chrysler Inc., and received a year-to-date statement of cash position showing $809,309.67 in the Riverboat Fund and $1,848,763.71 in the rainy day fund (Fund 2236), for a combined balance of $2,658,073.38.
The vote to approve the claims was moved by Finance Committee member Mister Beatrice and seconded by Finance Committee member Tracy Tillman. The committee recorded no nays and the motion carried.
Committee members also reviewed the Riverboat Fund statement of cash position for fiscal year to date through Dec. 31, 2024. The committee was told the Riverboat Fund (Fund 2235) had an ending balance of $809,309.67 and that Fund 2236 (labeled the rainy day fund) held $1,848,763.71, producing the $2,658,073.38 total reported to the committee.
There were no public comments during the meeting and no additional committee discussion on city finance items. The committee then moved to adjourn.
Procedural details: the claims approval was described on the meeting docket as a revised Riverboat and Boyd claims docket for Jan. 7, 2025, with the identified payee listed as La Porte Chrysler Inc. The meeting record does not provide itemized invoices or a breakdown of how the claim amount was allocated among services or departments.
