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Village finance report: revenues up, permit activity shifts; trustees asked to approve consent items including furniture purchase
Summary
Lake Barrington staff reported higher year-to-date revenues and permit fee receipts compared with the prior year, noted an account payable run of $130,323.90 and presented consent items including a $35,440 furniture proposal; trustees moved the consent agenda during the meeting.
Village finance staff reported June 3 that year-to-date revenues exceeded expenses, permit activity shifted toward smaller permits and the village presented a set of consent items for board approval.
Rebecca (clerk/finance presenter) told trustees the village's equity was about $2,968,000, year-to-date revenue totaled roughly $4,150,000 and year-to-date expenses were about $4,036,000, producing a net income of approximately $79,000 year to date. She noted that last year at the same point the village had a loss of about $670,000. "Equity is almost $3,000,000, $2,968,000. Revenue for the 12 months, $4,150,000; expenses $4,036,000. Net income of $79,000 compared to last…
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