Regular Meeting (Treasurer’s Report)

**Executive Summary**

**Account Balances**
As of February 28, 2025, Centerville Township’s financial health reflects a robust balance across various accounts totaling $645,111.44. The primary accounts contributing to this figure include 4Front Credit Union Savings, which holds a modest $5.76, and a significant $387,950.33 in Chase Business Checking. Additionally, the Chase HI Yield Savings and Chase Business Savings, including ARPA Funds, further bolster the township’s financial position with $26,849.37 and $8,968.35 respectively. The report highlights the importance of maintaining diversified accounts to manage funds effectively, including multiple Certificates of Deposit with varying interest rates and maturity dates.

**Receipts Overview**
A total of $112,381.60 was collected from K Pleva, Treasurer, allocated across various departments such as administrative fees and Fire-Ambulance services. Furthermore, additional revenues were secured through land use permits, dividends from a work comp policy, and franchise fees from Charter Communications. Interests from different financial institutions, such as Chase Bank and 4Front Credit Union, contribute minor amounts to the overall receipts, indicating steady income flows and providing insight into the township’s revenue generation methods.

**Conclusion**
The Treasurer’s report demonstrates a commendable fiscal management strategy, reflected by the high account balances and diverse revenue sources. Continual monitoring of account performance and strategic planning will ensure that Centerville Township maintains its financial stability and prepares for any future expenditures effectively.