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County accepts July audited treasurer's report; investment earnings ahead of last year
Summary
Sherburne County accepted its July audited treasurer's report, which included ARPA balances and a year-to-date interest-earnings increase versus the prior year; commissioners asked follow-up questions about gravel-tax seasonality and distribution.
The Sherburne County Board accepted the audited treasurer's monthly report for July 2025. The treasurer's office presented the trial balance and an investment report noting ARPA funds of $1,550,887.67 and a recorder's compliance fund balance of $300,106. Investment earnings at month end were reported as above budget by $865,411.14, and year-to-date interest earnings totaled $2,265,411.14 compared with $1,966,442.87 the prior year.
The treasurer also reported the county received a first-half payment of county tax-base equalization and county need aid totaling $3,274,543.50, and the first half of aquatic-invasive-species prevention aid of $37,569.50 (second half to be received in December). Commissioners asked operational questions, including whether gravel-tax receipts vary seasonally; staff said receipts usually track tonnage removed, which implies seasonal variation.
The board moved and voted to approve the financial report for July 2025.
