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Riley County treasurer reports July revenue, investment interest and fund balances
Summary
Riley County Treasurer Shiloh Hager reported July financials showing general fund balance, ARPA balances, CD investments and year‑to‑date revenue positions. She noted timing differences caused July monthly figures to be below budget but year‑to‑date collections are near budgeted targets.
Riley County Treasurer Shiloh Hager presented the county’s July revenue and fund-balance report to commissioners during the Aug. 11 meeting.
Hager reported a general fund balance for July of $13,107,825 and ARPA fund balances totaling about $3,702,007.32. She said total fund balances through July were $80,494,005.72 and that the county held approximately $15 million in certificates of deposit. Year‑to‑date net interest through July was $1,276,085.56, and the county’s active checking account was earning 4.43% APY.
Hager explained that July’s lower‑than‑budgeted monthly figures were primarily timing issues: investment interest for the month was low because quarterly transfers occur in July and highway funds arrived in August. She said year-to-date general fund revenues through July are 83.77% of the annual budget target.
Hager also explained the reporting of the Riley County Police Department (RCPD) seizure funds: by state statute seizure proceeds must be held in separate accounts, and the county is the custodian of several RCPD-restricted funds (including seizure funds, inmate medical and an IT reserve). She said interest earned on those seizure funds is allocated to the seizure accounts by statute and that the county transfers interest from the general fund to those accounts on a scheduled basis.
Commissioners asked for clarifications about specific line items and Hager answered that some timing and classification items would clear in August. No formal action was required; commissioners accepted the report.
