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Deputy Treasurer reports June corporate fund ending balance of $57.16M; council accepts report
Summary
Deputy Treasurer Ketchum reported the corporate fund's beginning balance of $62,525,826, receipts and disbursements for June, and an ending balance of $57,161,801 (including an ARPA June ending balance of $1,997,870); council accepted the treasurer's report.
Deputy Treasurer Ketchum presented the corporate fund financial report for June. She reported a beginning balance of $62,525,826, total receipts for the month (transcript lists a receipts figure in the record that appears garbled as "23,960,00079"), disbursements totaling $29,324,104, and a corporate fund ending balance of $57,161,801. She also noted the ending general fund balance includes $1,997,870 identified as the June ending balance for ARPA funds. "The ending general fund balance includes $1,997,870 which is the June ending balance for ARPA money," Ketchum said.
A council member moved to accept the treasurer's report as submitted; the motion passed by voice vote with the ayes prevailing. The council directed no further discussion during the acceptance motion. The report will be part of the council record for the month of June.
