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Berwyn reports $2.2 million 2024 general‑fund shortfall; auditor issues clean opinion
Summary
The city’s 2024 audited financial statements show a $2.2 million general‑fund deficit driven by lower local tax and red‑light camera revenues; the independent auditor issued an unmodified opinion and the single audit remains in draft.
City Comptroller Daish told the Berwyn City Council that the city’s 2024 annual comprehensive financial report shows a general‑fund deficit of $2,200,000 and recommended aligning 2025 spending with the audited 2024 revenue levels.
The deficit, Daish said, resulted mainly from lower local tax collections — including municipal utility taxes that finished roughly 22% below the 2024 budget — and the loss of revenue from red‑light camera enforcement, which the city expects could return only when traffic signals are fully operational. "Our fund balance remains in a strong position at $19,000,000," Daish added, noting the city’s policy target of 16% of the next…
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