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Treasurer reports $2.27 million in cash and investments; LGIP earned $803 in December
Summary
City Treasurer Jessica Bragg reported combined cash and investments of $2,271,100.18 and net LGIP earnings of $803.03 (3.87%); she cautioned the first quarter outlook may change due to expected insurance and loan payments and rising vendor/benefit costs.
City Treasurer Jessica Bragg told the council that the city's combined cash and investments — including checking, savings and the Local Government Investment Pool (LGIP) — totaled $2,271,100.18 for the reporting period. She reported net LGIP earnings of $803.03 in December at a net earnings rate of 3.87%.
Bragg said the city used 7% of income during December and warned that the financial outlook for the first quarter of 2026 may shift because of routine quarterly expenses such as insurance and treatment-plant loan payments, plus increases in vendor and benefit costs. Mayor Randall Sasser commented that the city's financial position remains stable despite upcoming obligations.
