Evansville Land Bank accepts August financials; sets $30,000 acquisitions budget for 2026
September 19, 2025 | Evansville City, Vanderburgh County, Indiana
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The Evansville Land Bank Corporation accepted its August financial report and set a $30,000 acquisitions budget for the 2026 tax sale at its Sept. 19 public session.
Jessica, a staff member, presented the profit‑and‑loss comparison and the balance sheet, noting August income included a monthly city grant installment, proceeds from property sales and a workers‑compensation insurance premium refund of $425. She said expenses in August were limited and included independent contractor fees for a land‑bank inspector, legal fees for June, lawn care and debris removal rounds totalling $6,500, and utilities covering CenterPoint, water, internet and two months of cell‑phone service.
Jessica also reported that a certificate of deposit matured Aug. 15 and that the DMD finance officer is entering investment information into the land bank’s QuickBooks; the maturity did not yet appear on the monthly statement Jessica provided.
The board voted to accept the financials by voice vote. Later in the meeting Jessica reported that of the properties selected from the 2024 tax sale no‑sales, 21 parcels had been chosen initially for 2025 acquisitions, and after the redemption period 19 had been deeded to the land bank; two of those 19 retain structures.
On the 2026 acquisition budget, board members noted the land bank did not spend the full $30,000 allocated for 2025 because many parcels were redeemed during the tax sale process. A motion to set the 2026 acquisitions budget at $30,000 passed by voice vote.
The meeting ended after brief final remarks and adjournment.
Jessica, a staff member, presented the profit‑and‑loss comparison and the balance sheet, noting August income included a monthly city grant installment, proceeds from property sales and a workers‑compensation insurance premium refund of $425. She said expenses in August were limited and included independent contractor fees for a land‑bank inspector, legal fees for June, lawn care and debris removal rounds totalling $6,500, and utilities covering CenterPoint, water, internet and two months of cell‑phone service.
Jessica also reported that a certificate of deposit matured Aug. 15 and that the DMD finance officer is entering investment information into the land bank’s QuickBooks; the maturity did not yet appear on the monthly statement Jessica provided.
The board voted to accept the financials by voice vote. Later in the meeting Jessica reported that of the properties selected from the 2024 tax sale no‑sales, 21 parcels had been chosen initially for 2025 acquisitions, and after the redemption period 19 had been deeded to the land bank; two of those 19 retain structures.
On the 2026 acquisition budget, board members noted the land bank did not spend the full $30,000 allocated for 2025 because many parcels were redeemed during the tax sale process. A motion to set the 2026 acquisitions budget at $30,000 passed by voice vote.
The meeting ended after brief final remarks and adjournment.
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