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Palos Heights treasurer reports $4.45 million general fund balance; county tax receipts expected
Summary
City Treasurer Jim Daemicke reported the General Fund ended Nov. 30, 2025 with $4,448,923.22; the treasurer said figures should grow as the County submits property tax payments.
City Treasurer Jim Daemicke presented the Treasurer’s Report for the period ending Nov. 30, 2025, stating the General Fund began November with $4,650,315.50 and ended with $4,448,923.22 after $898,622.94 in revenue, $86,186.77 in expenses and other source uses of $(239,828.45).
Daemicke also summarized totals across all funds: beginning balance (as of August) $25,313,123.38, revenues $1,671,485.05, expenses $2,547,961.53, other source use $(308,435.74), leaving an ending cash balance of $24,128,211.16. The treasurer noted the figures are expected to increase when the County submits property tax payments. The council voted to approve the Treasurer’s Report by roll call, 6–0.
The figures in the minutes are presented as the official report for the stated period; the minutes do not list projected timelines for the County payments beyond the treasurer’s comment that they are expected to increase the reported totals.
