During the council meeting staff presented the monthly financial reports and walked through fund‑by‑fund balances and timing impacts on year‑to‑date results.

Linda gave the presentation and provided headline figures for the general fund: "total cash and investments of $11,995,000. You have receivables of $3,100,000." (Linda, 00:49:43)

She explained timing effects that produce an apparent net loss early in the fiscal year: transfers to other funds and yearly insurance payments fall at the start of the fiscal year while major revenue collections (payroll taxes, insurance premium taxes, real‑estate taxes) arrive later in the fall. Linda said those timing issues typically reverse once October revenues are collected.

Fund highlights from the staff presentation:

- General fund: total cash and investments reported at $11,995,000; receivables approximately $3,100,000; net reported fund balance shown after early‑year transfers. (Linda, 00:49:43)
- Debt service: cash of $594,000 and a bond escrow of $381,000 after a July transfer of $694,000 to fund annual debt service. (Linda, 00:51:18)
- Health insurance fund: cash approximately $1,100,000 with payables of $127,000 and a year‑to‑date net income that staff said suggested the fund may be overfunded; staff recommended evaluating whether some of that cash could be returned to the general fund over time. (Linda, 00:51:18)
- Waste fund: low cash balances and a due‑to general fund of $279,000 caused by timing of Rumpke collections; staff said October waste‑fee collections reversed the shortfall.

Linda noted fixed assets are updated semi‑annually and are current through June 30; she also identified the promissory note account where the $850,000 item is recorded: "At the bottom there, you can see account 10‑00‑1135. That's where that promissory note, the $850,000 is." (Linda, 00:51:18)

Next steps: Staff will continue monthly reconciliations, attach supporting documents in Springbrook for look‑backs, and bring further recommendations about the health insurance reserve and fund balances to council in later reports.