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Treasurer reports $16.4 million balance and record January receipts
Summary
Treasurer Karen reported a bank balance of $16,406,739.64, receipts totaling $5,472,014.61 for January and sales tax receipts of $285,006.39; staff noted settlement timing and delinquent tax balances.
Treasurer Karen reported the county’s cash position and tax collections for the month, saying the county had $16,406,739.64 in the bank and receipts for the month totaled $5,472,014.61. She noted sales tax receipts of $285,006.39 for the month, calling it a "record January" for the county.
Karen walked the committee through the settlements with municipalities, the timing of outstanding checks and how those settlements will affect the county’s cash flow in the coming days. She reported delinquent and current tax roll balances and said the office had processed settlements so checks would arrive with February settlements.
