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Treasurer reports $477,000 surplus; resident raises concerns about certificate-of-deposit paperwork and notification
Summary
The Friendship Heights Village treasurer reported a $477,000 operating surplus through April and roughly $3.5 million in reserves; a resident publicly urged greater transparency and oversight of certificates of deposit.
The Friendship Heights Village treasurer reported that through April the operating budget shows a $477,000 surplus, driven by higher-than-expected income-tax receipts and reduced expenditures in areas including police patrol and special events. Total reserve funds were reported at about $3.5 million as of April 30; the treasurer said the village recently received an additional payment tied to the sale of development rights and expected the reserves to rise by roughly $1 million.
During public comment, resident Bobby Pestronk raised procedural and…
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