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Kennebec County finance report: cash balances, warrants and end-of-year push
Summary
County finance staff reported cash and investment balances, several warrants and urged departments to submit AP requests ahead of the June 30 fiscal-year close.
County finance staff reported the county’s cash and investment positions and outlined steps to close the fiscal year.
The finance report, presented during the meeting, listed a general fund cash balance of $1,225,884, invested in an insured cash sweep account at Kennebec Savings Bank. Investment cash of $5,500,000 was reported in an Intrafi money market account at Kennebec Savings, and an additional investment cash balance of $2,189,655 was shown in a managed investment account. The report recorded a balance decrease of $5,773 since the last meeting.
Finance…
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