Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Metamora reports $111,215 increase in cash balances; taxes and investments detailed in treasurer’s report
Summary
Treasurer reported a $111,215 (1.37%) increase in cash balances as of Feb. 28, 2026. Major receipts included $123,724 in Illinois taxes and $15,344 in Motor Fuel Taxes; investments included money market and U.S. Treasury bills.
The treasurer reported that cash balances increased $111,215, a 1.37% rise from January, bringing attention to the municipality’s liquidity position as of Feb. 28, 2026. Major receipts listed in the report included Illinois taxes of $123,724 and Motor Fuel Taxes of $15,344; notable disbursements included Ameren ($26,026) and BlueCross BlueShield ($20,868).
The minutes also note investments made in February: funds placed in a Commerce Bank money market (0.35% interest) and U.S. Treasury bills yielding about 3.5%. Goodfield State Bank CD yields were listed at 4% and an Insured Cash Sweep (ICS) account at 1.65%. The report provides an overview of receipts, disbursements and investment yields but does not list specific line‑item budget impacts for each activity.
