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Lewiston treasurer outlines $22 million in restricted funds, bond reserves and fund location in June report
Summary
City Treasurer Amy Gordon explained the June 2025 treasurer's report, emphasizing the portion of city deposits that are restricted (about $22 million), bond reserve requirements, fiduciary funds and the use of the state treasurer's pool and local banking relationships.
City Treasurer Amy Gordon presented the City of Lewiston’s June 2025 treasurer’s report to the council on July 28, emphasizing the amount of restricted funds, bond reserve accounts and the location of city deposits.
Gordon directed council attention to the treasurer’s summary showing more than $22 million in restricted funds held across institutions. She explained restricted categories including fiduciary funds (the police retirement fund and the perpetual care cemetery fund), bond‑related reserves for water and wastewater accounts, traffic impact and developer deposits held in trust, and fee accounts…
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