Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Finance topic
No spam. Unsubscribe anytime.
Treasurer reports $2.46 million operating balance; revenue running 12% ahead of budget
Summary
Treasurer Craig Hepner reported the district operating account held $2.46 million as of Jan. 31, 2025; January receipts totaled $714,000, including $282,000 in general state aid and roughly $58,700 in CPPRT, with expenditures of $683,000.
Treasurer Craig Hepner told the board that "The balance in the operating account as of January 31 was $2.46 million," and that January receipts totaled $714,000, helped by $282,000 in general state aid and $58,700 in Corporate Personal Property Replacement Tax. He reported revenue year-to-date is about 12% ahead of budget, primarily because of the timing of real estate tax receipts, while expenditures are approximately 1% ahead of budget for the year.
The board used the treasurer's report as part of the consent agenda approved the same meeting. Hepner also reported that the district's CD portfolio yield was 4.156% as of Jan. 31, consistent with the prior month; no additional fiscal actions or supplemental appropriations were proposed at the meeting.
