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Deerfield treasurer reports seasonal dips, upcoming large insurance and debt payments
Summary
Treasurer Eric reported seasonal patterns in sales tax and water use, reimbursement from JETS b for dispatch, recent equipment purchases and upcoming payments for general liability insurance (~$800,000) and debt service interest (~$900,000).
Treasurer Eric reported to the Board of Trustees on June 2 that the village’s April financials reflect typical seasonal timing and several notable items ahead in May.
Eric said net sales tax decreased from the prior month because prior receipts included nonrecurring December sales; January sales drive the current month’s receipts. Water and sewer billings remain lower in spring months but will increase as summer billing begins. Hotel‑tax receipts reflect payments from five hotels; one additional payment arrived shortly after month‑end.
The village received a quarterly reimbursement from “JETS B” for dispatch costs. Notable April expenditures included construction and engineering costs for active projects and purchases of a public‑works chassis and body for truck 604, a tow‑behind air compressor, and a Ford Escape for the community development department.
Eric told trustees that in May the village will make its annual general liability insurance payment, “close to $800,000,” and the first interest payment on debt service, “about $900,000.” Staff also noted that certain project costs are reimbursable by developers under existing agreements. Eric invited questions and said staff would answer follow‑ups as needed.
