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Treasurer reports $80,934 increase in cash balances; lists receipts, disbursements and investments
Summary
Treasurer Garber reported cash balances rose $80,934 (1.00%) for August 2025; major receipts and disbursements were listed and the village invested in money-market accounts, CDs at 4% and six-month U.S. Treasury bills at 4%.
Treasurer Garber reported that cash balances as of Aug. 31, 2025, increased by $80,934, a 1.00% increase from July 31, 2025. Major receipts noted in the minutes included Illinois taxes of $117,059, motor fuel taxes of $14,976, and Rural Fire receipts of $175,218. Major disbursements listed included Ameren $30,487, BlueCross/BlueShield $18,019, and JIMAX Corporation $138,155.
Garber also recorded that funds were invested during August 2025 in the money market at Commerce Bank earning 0.5%, a Goodfield Bank money market at 0.15%, an Insured Cash Sweep Account at Goodfield Bank earning 1.65%, two 12-month CDs at Goodfield Bank at 4% and U.S. Treasury bills for six months at 4%. The minutes present these figures as the Treasurer’s report to the board; no further budget actions were recorded.
