• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Saturday, March 6, 2021
34 °f
Platte
57 ° Mon
61 ° Tue
63 ° Wed
54 ° Thu
The Platte County Landmark Newspaper
  • Home
  • Local News
  • Opinion
  • Landmark Live!
  • Looking Backward
  • Home
  • Local News
  • Opinion
  • Landmark Live!
  • Looking Backward
No Result
View All Result
The Platte County Landmark Newspaper
No Result
View All Result

Riverside aldermen get financial update

Kathy Crawford by Kathy Crawford
October 19, 2007
in Riverside
3
SHARES
82
VIEWS
Share on FacebookShare on TwitterShare via Email

The Riverside Board of Aldermen learned at their Tuesday night meeting that with one quarter down in the current fiscal year, the city has a balance of just over $28 million in bond proceeds.

The city received bond proceeds last year for $40,265,000 and has already earned about $182,000 in interest, said Donna Resz, finance officer. Expenditures of $12,375,432 brought the balance to $28,072,272.

RelatedNews

Want to learn pickleball? Free lessons offered

Firework sales could be booming this year

A reimagined park opens at Riverside

“By the time all of the bond proceeds are spent, right now I think that we will earn about $2 million on those proceeds in interest,” she said. “I think it’s very beneficial in the sense that it really gives you $2 million more on a project at no cost to you.”

The only bad news Resz had to report on investments was that interest rates have dropped over the past six months. Rates held steady at 5.25 to 5.27 percent from April through July. Then they fell to 4.95 percent in August and 4.61 percent in September. It’s possible that rates could drop again, she said.

She said that it appeared that all departments would come in under budget for expenditures for the first quarter, with the exception of the police services division. She said that one reason the department will exceed its overtime budget was due to injuries, which required personnel to work overtime to cover shifts.

“Another thing that really impacted their budget was the Metro Squad investigation of a homicide,” she said.

Resz told the board that there have been three banking changes. The first was to switch the merchant services vendor, which enables the city to accept credit card payments at the municipal court and dispatch.

“Taking credit cards is just expensive,” said Resz.

She said that a new vendor through United Missouri Bank has lower fees associated with credit card transactions. Also, the money from credit card transactions would be in the city’s account the following day instead of the current three to four day timeframe. But the biggest selling point was the fact that the city can access the vendor’s software on the Internet.

“So, unless the Internet becomes out of date, we shouldn’t have to worry about technology issues insofar as upgrading software,” said Resz. “And another benefit of going to this software was that it would be very compatible if someday we want to put a connection on our Web site to allow people to pay for municipal court or pet licenses online,” she said.

Another change in banking is the addition of a free service from UMB. Global Check Recovery steps in if a check is returned unpaid for insufficient funds, attempts to recover the funds, and sends a letter to the account holder.

The third change is that they are exploring a process whereby routine bills would be sent to a post office box, and then UMB would collect and deposit the money into the city’s account. She said that currently the city pays an employee mileage to drive to the bank regularly to make deposits, so this service for $70 per month may be worth it.

“I think it protects our employees and reduces the number of trips of going to the bank,” she said.

The Argosy Casino is steadily gaining market share, which is good news for Riverside.

“So far gaming revenues are up,” said Resz. “Our fiscal year-to-date collections are about $300,000 more than they were this time last year.”

Resz told the aldermen that it was time to begin thinking about the 2008 through 2013 Capital Improvement Plan and encouraged the board and the community to consider projects that need to be accomplished. Resz hopes that her staff can begin working on the budget by the end of October and present it to the board in November.



Tags: platte countypolicePublic Safetyriverside
Kathy Crawford

Kathy Crawford

Related Posts

Platte Landing boat ramp described as ‘dangerous’

Platte Landing boat ramp described as ‘dangerous’

by Ivan Foley
March 4, 2021
0

In January of 2017 it is alleged Toni Anderson, age 20, a college student from Wichita who had been living and working in Kansas City, was driving her car when she got disoriented and ended up in the Platte Landing...

Joe Vanover

County commissioner wants to be associate circuit judge

by Ivan Foley
March 4, 2021
0

When Ann Hansbrough was recently appointed to fill the circuit judge post vacated by the retiring James Van Amburg, it created a vacancy in Hansbrough's former spot of associate circuit judge. The process to name the new associate circuit judge...

Government transparency

Lack of transparency at the health department

by Landmark Digital Staff
March 4, 2021
0

EDITOR: Something shady went down at the Platte County Health Department and it deserves to be investigated. Local dentist and board of trustees member, Teresa Hills, sold her dental practice and left Platte County on Jan. 1, 2021 requiring that...

Petticoat Junction

Commissioners, judgeships and Petticoat Junction

by Ivan Foley
March 4, 2021
0

Eight folks have applied to become associate circuit judge in Platte County. The chosen one will fill the spot vacated when Judge Ann Hansbrough was recently named to circuit judge, leaving her associate judgeship to be filled by a process...

Next Post

Richardson says he'll run for Parkville mayor

Popular News

  • Platte Landing boat ramp described as ‘dangerous’

    Platte Landing boat ramp described as ‘dangerous’

    86 shares
    Share 34 Tweet 22
  • Why the urgency for R-3 bond issue?

    30 shares
    Share 12 Tweet 8
  • Judge tells city to produce documents

    23 shares
    Share 9 Tweet 6
  • County commissioner wants to be associate circuit judge

    15 shares
    Share 6 Tweet 4
  • City ‘finds’ 2,300 records, gives them to Jason Maki

    17 shares
    Share 7 Tweet 4
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Call us at 816-858-0363

Copyright © 2019-2020 The Platte County Landmark Newspaper - All Rights Reserved

No Result
View All Result
  • Home
  • Subscribe Online
  • Local News
  • Opinion
  • Landmark Live!
  • Looking Backward

Copyright © 2019-2020 The Platte County Landmark Newspaper - All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist