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Palos Heights posts $4.25 million General Fund balance after March revenues and expenses
Summary
City Treasurer Jim Daemicke reported a General Fund ending cash balance of $4,246,477 for the period ending March 31, 2026, after revenue of $1,365,267 and expenses of $1,013,800. The city's total of all funds ending balance was reported as $27,632,800.
City Treasurer Jim Daemicke presented the Treasurer’s Report for the period ending March 31, 2026 at the May 5 Palos Heights City Council meeting. The General Fund began January with $3,734,485; the period saw $1,365,267 in revenue, $1,013,800 in expenses and other source use of $160,523, leaving an ending cash balance of $4,246,477.
For all funds combined, the report showed a beginning balance of $25,592,079, revenue of $3,370,854, expenses of $1,587,655 and other source use of $257,522, for an ending cash balance of $27,632,800. Alderman Heather Begley moved to approve the Treasurer’s Report and Alderman Pat Scully seconded; the motion passed unanimously on a 6-0 roll call.
