At Monday’s work session, the Board of Trustees met with our independent auditor to review the 2018-19 Village Audit. As usual, the auditor issued a clean report, meaning that the Village’s financial records are correct and conform to the accounting guidelines.
Thanks to the conservative budgeting of our Village Manager and Treasurer, the auditor reported that the Village earned what amounts to a modest budget surplus. Our Village’s General Fund completed fiscal year 2019 with a fund balance increase of $231,243.
We did this while funding over $600,000 in capital projects using cash from our Village’s fund balance–avoiding interest payments and issuance costs. At the same time, we kept total property tax levy growth to less than ½%.
This favorable audit is a testament to the professionalism of our Village staff. I look forward to working with the Board and staff to continue this record of fiscal strength.
Brian Pugh, Mayor