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Treasurer reports $500,000 surplus; public speakers press for CD transparency and local police/shuttle service
Summary
The Friendship Heights Village treasurer reported June 9 that village finances show about a $500,000 surplus through May and that a CD that matured May 7 was rolled into a fully insured rollover CD on May 8; residents urged clearer authorization procedures and more visible policing and shuttle service.
The Friendship Heights Village treasurer reported June 9 that village finances are in strong shape, with an approximate $500,000 surplus through May and reserves increased after a $1 million payment related to a development‑rights sale.
John Conlow, identified by the meeting as the treasurer and finance committee chair, said the surplus—equal to about 18% of the annual budget through the eleventh month—reflects higher income tax receipts compared with the same period a year earlier and underspending across several departments. He reported income tax receipts “up $3,357,000 from the same period a year ago,” noted a May gain of approximately $177,000 toward the surplus, and said reserves increased by about $1,200,000 from the prior month, reflecting a $1,000,000 payment from…
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