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Metamora treasurer reports $31,892 decline in cash balances; lists receipts, disbursements and investments
Summary
Treasurer Garber reported cash balances decreased $31,892 as of Jan. 31, 2025 and listed major receipts (Illinois taxes $137,726) and major disbursements (Ameren $50,149). The minutes also record January investment interest rates.
Treasurer Garber reported that cash balances as of Jan. 31, 2025 decreased by $31,892, a 0.40% decline from Dec. 31, 2024.
Garber itemized major receipts for the period: Illinois Taxes of $137,726, Motor Fuel Taxes of $14,660 and Insurance Proceeds of $15,991. Major disbursements listed in the minutes included Ameren ($50,149), Brenntag ($24,696), G.A. Rich ($17,357), Axon ($12,478) and BlueCross BlueShield ($16,944).
The minutes note investments made in January: funds placed in a Commerce Bank money market earning 0.5%, a Goodfield State Bank money market earning 0.15%, and an Insured Cash Sweep account at Goodfield State Bank earning 1.65%. The minutes do not attach these investments to specific funds or project budgets.
