Riley County treasurer reports November revenue; investment income above budget

Riley County Treasurer Shiloh Hegarty presented the county's November financial report, telling commissioners that general fund balances and investment income exceeded budget projections while first-half property tax collections and deadlines approach.

Hegarty said the county ended November with a general fund balance of about $10.34 million and total fund balances just under $78.72 million. She highlighted that year-to-date interest income exceeded the $2 million budgeted for the calendar year, reporting roughly $2.7 million in interest. The ARPA account also earned interest (reported figure $615,043) with short-term CD bids showing yields in the 4% range.

Sales tax collections for the general fund and the road fund were above budget for the month but compared to the prior year some deposits were lower; Hegarty noted possible timing effects and local factors (fewer home football games) as contributing reasons. She reminded commissioners that first-half property taxes were due the following Friday and noted the treasurer's office would close at noon on Dec. 31 for year-end processing.

Hegarty also said that county staff had been migrating fax lines to an e-fax product, progressing with phone-system upgrades, and managing investment positions; she said she would provide more regular data for commissioners who wanted metrics such as median housing prices to support other policy discussions.

No action was required; commissioners received the report and were reminded of the upcoming tax deadline and office closures for year-end.