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Finance director reports investment pools, property‑tax collections near budget and airport fuel sales
Summary
Finance staff reported three investment accounts established in September (including a liquidity pool of roughly $2 million earning ~4.3%), property‑tax collections at about 99.8% of budget, sales tax receipts 2.9% above budget, and initial airport aviation‑fuel sales of roughly 1,000 gallons generating nearly $5,000.
Finance Director Campbell presented the quarterly investment report. Campbell said the city established three investment accounts in September: a liquidity/reserve pool (set at roughly 25% of general‑fund budgeted expenses, about $2,000,000) earning about 4.3% as of September, and two Techstar pools tied to the August bond issuance split between water/sewer and I&S debt. Campbell…
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