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Urbana Park District reports $5.2 million surplus after seven months; investments near $15.8 million
Summary
Treasurer and staff reported $11.16 million in revenues and $5.96 million in expenditures through Nov. 30, leaving a reported surplus of $5.20 million; investments and CDs were described as yielding near 4% and total invested balances were about $15.83 million.
In a routine financial update, staff reported $11,155,694 in revenues for the seven‑month period and total expenditures of $5,958,912, leaving a reported surplus of $5,196,782.
The treasurer's report showed investments totaling about $15,834,006.76 on the reporting date and described interest‑bearing accounts and three certificates of deposit earning close to 4% interest. The treasurer also noted a total disbursement figure for the month (payroll and vendor payments combined) of $493,746 and said capital improvement activity has been light in several line items.
Staff presented the packet page numbers and fund breakouts for trustees to review; staff also noted that some capital fund balances will be "fluffed up" at the bond closing anticipated in mid‑December. The transcript records the numeric figures as reported during the meeting; the board discussed the reports but a separate formal vote accepting the financial statements is not recorded in the provided segments.
