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Council approves riverboat fund claims; committee reports $2.66 million total special-revenue balance
Summary
Council accepted riverboat-related claims and heard a finance committee update showing $809,309.67 in the riverboat fund and a $1.85 million rainy-day fund, totaling $2,658,073.38 as of Dec. 31, 2024.
The Michigan City Common Council on Jan. 7 approved claims presented by the finance committee and heard a year-end statement for riverboat and other special revenue funds.
Finance committee members reported a riverboat claims docket dated Jan. 7, 2025, showing claims totaling $18,899.93. Council moved and voted to accept the claims; the motion passed by voice vote with all members voting in favor and no opposition.
The committee also reported fund balances as of Dec. 31, 2024: riverboat fund (fund 2235) $809,309.67 and rainy-day fund (fund 2236) $1,848,763.71, for a combined special-revenue ending balance of $2,658,073.38.
The claims accepted included payments for vendors listed in the docket; the committee noted La Porte Chrysler, Inc. among claimants. The council did not amend the claims and approved them as presented.
Council accepted the committee report and moved on to board and commission reports.
