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Treasurer: LGIP statements missing; splash pad funds moved to highway fund
Summary
The Adams County treasurer told the committee LGIP statements were not available for the packet and explained splash pad funds were moved to the highway fund in July pending bank reconciliation; members discussed whether the committee's meeting date should shift to allow reconciled reports.
The county treasurer reported the Local Government Investment Pool (LGIP) statements were not available at the time the packet was prepared, and said that missing statements explain absent month-to-date numbers in the report. "The LGIP or local government investment pool, statements were not available even as of this morning, so that's why we have no numbers up there," the treasurer said.
Committee members asked about the splash pad account and timing to move the funds. Finance staff said the splash pad account was cleared in Skyward and the money was moved to the highway fund in July, but the LGIP transfer will appear after bank reconciliation is completed. "So we we moved all that we moved the splash pad money out of that fund, and over to the highway fund in July," staff said. Members discussed whether the Admin & Finance meeting date should move later in the month so the treasurer has 10 business days after month-end to reconcile and present current numbers; members agreed to keep the regular schedule unless reporting becomes a recurring problem.
