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Soft Opening For Chicago s Big Regatta

Soft Opening For Chicago s Big Regatta
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Audit: Seminole has happy financial picture

SEMINOLE — The city of Seminole is in good financial condition, and its coffers are ample, council members learned April 13. The city of Seminole has “maintained a very sound financial condition,” auditor Peter Schatzel said in presenting the annual audit for the year ending in September 2020. With a balance of $7.6 million in the general fund, Schatzel said Seminole had a reserve of about five months, which he termed “a very reasonable amount.” That includes a capital outlay of $545,000. The city ended the year with a surplus of $1,472,000, while it had budgeted for a deficit of $268,000. The surplus arose because the city spent $1.6 million less than planned.

GEO JS tech group announces $106 2 million USD contract

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