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Gurnee reports stronger-than-budget FY2024–25 revenues; finance director recommends $3.5M capital transfer
Summary
Finance Director Bridal Gosnell presented the village's unaudited fourth-quarter report for the fiscal year ending April 30, 2025. Major general-fund revenues finished ahead of budget and staff recommended transferring about $3.5 million of excess fund balance to capital reserves for infrastructure projects.
Finance Director Bridal Gosnell presented the Village of Gurnee’s unaudited fourth-quarter financial report for the fiscal year covering May 1, 2024 through April 30, 2025 on July 21, reporting that major general-fund revenues finished ahead of budget and recommending a transfer of approximately $3.5 million to the capital fund.
Key figures and context Gosnell reported total cash and investments of about $55 million at April 30 (excluding pension funds). The general fund finished the year with total revenue of about $53.9 million, or 104.5% of budget, and expenditures of about $52.5 million, or 101.8% of…
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