Finance committee approves $498,293.15 in claims; riverboat and rainy day fund balances reported
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Summary
At its Sept. 16 meeting the Michigan City Common Council Finance Committee approved $498,293.15 in claims to be presented to the full council and received an update on riverboat and rainy day fund balances.
The Michigan City Common Council Finance Committee on Sept. 16, 2025, voted to approve $498,293.15 in claims to be presented to the full city council.
The approved claims total included $289,758.15 to Reith & Riley Construction Co., Inc., $8,535 to Schneider Jeromattox (as listed in the meeting record) and a $200,000 payment to MC Economic Development for annual invoices. Committee members also heard a staff report on fund balances showing a riverboat fund balance of $5,146,123.95 and a rainy day fund balance of $1,167,490.42, for a combined ending balance of $6,313,614.37.
The motion to approve the claims was made by Dr. Cora, seconded by Mr. Beirdry, and adopted by voice vote with all members saying “aye.” The committee’s action was procedural: the claims were approved to be forwarded to the full Michigan City Common Council for payment.
Committee members asked no substantive questions during the claims discussion, and there were no public comments. The claims covered payments to contractors and the $200,000 annual invoice to MC Economic Development as summarized by committee staff during the meeting.
Less-critical details from the finance report included a listing of the Boyd Development Fund in the claims summary. The committee adjourned at the close of the agenda item.