Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Council receives treasury snapshot showing declines tied to construction and utility payments
Summary
Finance staff presented the city’s treasury snapshot as of the end of January, noting decreases in balances primarily due to large construction and utility payments and the use of short-term treasury notes and CDRs to diversify funds; the council voted to receive the report.
Finance staff presented the city’s snapshot of cash and investments as of the end of January, reporting decreases in balances mainly tied to large construction project payments and utility operations. The presenter said the city continues to use short-term treasury notes and certificates of deposit (CDRs) to keep funds diversified and secure.
Councilwoman Gannon thanked staff for maintaining fiscal discipline. A motion to receive the treasury report was made and seconded and the council recorded a vote showing six in favor. Staff did not provide specific dollar amounts of the balances during the on-record discussion; those details appear in the written report available with the agenda materials.
