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Finance committee recommends approval of $487,377.62 claims docket; riverboat and rainy-day fund balances reported
Summary
The Jan. 20 finance committee reviewed and unanimously recommended approval of a claims docket totaling $487,377.62 from the Riverboat Fund for annual energy-performance loan payments; the committee reported a riverboat fund balance of $3,672,966.52 and a rainy-day fund of $1,325,760.42.
Councilman Dabney, chair of the city’s finance committee, reported that the committee met Jan. 20 to review claims and approve a claims docket totaling $487,377.62 from the Riverboat Fund. City Controller Mary Lynn Wall explained the line-item described as “energy” consists of annual loan payments for an ESG loan authorized by the council; those loan payments will continue through 2029. The committee moved and voted unanimously to recommend approval of the docket.
On the council floor, members had an opportunity to ask the controller about the charges. Dabney reported the riverboat fund cash position as $3,672,966.52 and the rainy-day fund as $1,325,760.42, for a combined total of $4,998,726.94. The claims docket was approved by the full council by unanimous vote later in the meeting.
