BY STEVE HARTSOCK
City Treasurer Sharon Walden told the city council Monday night “It’s going to be tight the next few weeks after reporting a negative $45,671.83 in the city’s working cash fund.
Walden explained the city is holding a $68,300 check as part of the problem, but assured the council the payroll has been met and all the bills are paid. “If we need to we can transfer money to the account.
Walden reported the city has $1,585,599.33 in the restricted account. The city has $929,566.98 in the investment account. With the negative money in cash on hand the total in all city funds was reported to be $2,469,454.48.
David Jordan reminded the council that all departments are to have their budgets turned in to him by Dec. 15. He also reported Oil revenue of $599 for the previous month..... See more in this weeks Navigator.