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Mount Carroll council approves $262,423 in payables and endorses account consolidation
Summary
Council approved 24 payables totaling $262,423.09 and accepted a finance recommendation to consolidate operating accounts into one checking account while leaving MFT, TIF and the Davis Center accounts separate.
The Mount Carroll City Council on Aug. 27 voted to approve 24 payables totaling $262,423.09 and endorsed a finance recommendation to consolidate operating accounts into a single checking account.
Finance Chair Alderman Paul Kaczmarski said he had spoken with City Treasurer Amy Schneider and that, "with the new software it would be easier to consolidate all accounts into 1 checking," while keeping MFT, TIF and the Davis Center accounts separate. The roll-call vote to approve the payables and the account-consolidation recommendation carried 4–0 with two aldermen absent.
Council documents presented a bank account balance of $3,983,374.56 during the meeting. No specific timeline was set at the meeting for when the consolidation would be implemented; the recommendation passed after a second and roll-call approval.
