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Posted: October 21, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF102925-02

Agenda Item Title:

Acknowledge September 2025 Treasury and General Fund Update

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
10/29/2025
City Council Hearing Date:
11/03/2025
Petitioner:
Finance Office
Staff Contact:
Daniel Ainslie, Finance Director
Location:
Council Chambers
Agenda Item Summary:
The attached September 2025 Treasury Report includes a breakdown of the City’s $226.8 million in current assets. As of the end of September, 75.3% of the City’s liquid assets were invested in fixed rate instruments as authorized by state statute.

The third page of the Treasury Report includes various longer-term internal financing loans totaling $15.2 million that the City has made from one internal fund to another internal fund. As of the end of September, these internal loans represented 6.7% of the City’s total current assets. Should the City ever need to increase its liquidity in one of the funds that provided the financing for the loans, the City Council may transfer the receivable from one internal fund to another.

The other attachments illustrate the total current assets reserves and designated and undesignated balances for the General Fund. The City’s General Fund Undesignated Reserve finished September 2025 in a negative position of ($1,202,899). This continued reduction is due to the time structure of municipal finance. We anticipate that the undesignated funds will continue to decline until the second half of property taxes is received in November.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Acknowledge

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