City ends year with $400,000

Edgar's picture

The Timber Lake City Board meeting on Monday night was mostly about numbers: year-end fund balances, bills, and pay raises.

Year-end balances

In spite of a $5094 deficit in the Timber Lake Broadband fund, the City ended 2019 with a $349,830 total cash balance plus $57,952 in savings accounts. The general fund ending balance was $192,100; the water fund $94,056; and the sewer fund $68,768.

The board approved $29,146.83 in claims and $15,905 in payroll expenses for January.




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