Wabasha County Q1 financial report: $11.4M in CDs, $8.44M revenue and $9.19M expenditures reported

WABASHA COUNTY — County finance staff presented the quarter‑one 2025 financial summary to the board, reporting $11,386,000 in certificates of deposit, $291,449 in interest earned year‑to‑date, $8,438,749 in total first‑quarter revenue and $9,194,033 in total first‑quarter expenditures.

The finance presentation showed investment maturity dates and a strategy of staggering maturities to maintain consistent cash flow. The presenter reported that some money is being held in a money market account while staff watch for higher rates on longer maturities.

The increase in reported revenue compared with the previous year was driven in part by a large highway grant/contract payment of about $3.9 million, the finance presenter said. Revenue categories highlighted included charges for services, licenses and permits, and intergovernmental shared revenues (grants) — with most highway funds recorded in the intergovernmental category.

The presentation also noted total interest earned so far in 2025: $291,449. The finance presenter said long‑term investments remain and that several investments come due later in 2025.

County staff and a commissioner also cautioned the board about possible reductions in state and federal transportation funding under consideration at higher government levels. The County Administrator warned that requirements such as wetland delineation or review of historically sensitive areas "can be a very, very expensive process," and said the county is monitoring potential cost shifts and funding reductions.

The board was told the county is completing audit prep and that some revenues and expenditures received in early 2025 will be allocated back to 2024 as part of the audit adjustments.

No board action beyond receipt of the report was required at the meeting.