Tim Harman, President of the County Council, gave members a financial update during their meeting this week.
A chart detailed the end-of-year cash balances of the county's General Fund, Rainy Day Fund, and the combination of the two for historical perspective.
Harman said the cash balances in both funds have been increasing over the last three years, bringing the county to a 15-year record high.
The chart shows the county ended 2025 with $14,980,763 combined in the two funds. Harman said January 2026 ended with $10,475,000 in the General Fund and $3,991,931 in the Rainy Day Fund, for a total of $14,466,947.
Harman said, "Going into the middle of the year, our low point typically happens in May, just before the next tax draw. Conservatively, I think we will have $6.5 million on hand at our low point in May."
The county will receive a property tax draw in June. Harman said, "We should be looking good at the end of the year."
Harman closed his financial report by explaining the expected cash flow pattern. "The General Fund will run a deficit for the next four or five months—each month until we get our property tax draw," he said. In January, the county's deficit was $513,000. Harman estimated that in June, when the next property tax draw comes in, the county should have approximately $11.4 million at the end of the year if it stays on budget and has no major unexpected expenses.
Lawrence County man sentenced to jail
Illinois drivers encouraged to do business online
Meta to pay up to $419M to Indiana, implement sweeping child-safety reforms on Instagram and Facebook
Wabash River crests at Vincennes; still under flood warning
Two new conditions now eligible for treatment with medical cannabis
Gov. Mike Braun orders flags lowered to half-staff in honor of Dolly Parton
Sumner election petitions available
New housing subdivision moving forward in Vincennes
Parkside Elementary will open next week
Restaurant at Red Hill State Park under new ownership
Bridgeport Water boil order lifted
Lawrence County Chamber recognizes Salyers; have begun executive director search
Lawrence County Board hears about data centers and the county jail
Parkside Elementary opening delayed again
Knox County's Clayton Newton earns honors at the Indiana State Fair
Indiana launches emergency program for veterans impacted by historical flooding
Illinois State Police deploy new Bicycle Response Team
