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 year, at this point, we lost $670,000," she said.

Permit activity: staff reported $223,000 in permit revenue for 612 permits this year compared with 439 permits in the prior year. The presenter said the increased permit count skewed toward smaller-value permits (the 0250 range) and that the village raised some fees effective June 1, 2024, which also affected revenues.

Sales-tax and other revenue notes: staff attributed some revenue growth to online sales tax receipts, including online pharmacy sales, and noted that Illinois taxes prescriptions. "Online pharmacy. So We're not sure if, you know, if that's all being reported at once or whether that's just starting to flow in, but it's pretty significant number for that one month," Rebecca said.

Consent agenda and purchases: the consent agenda summarized several items: a temporary special-event permit for a park district anniversary celebration, approval to attend the ICMA annual conference, consideration of the Baycock fiscal year 2025-26 budget (packet item), and a furniture proposal from Reiki Interiors of Elgin, Illinois in the amount of $35,440. Trustee Van Ryan moved the consent agenda and Trustee Perkins seconded; the motion was recorded as moved and seconded on the transcript.

Accounts payable: the clerk presented an accounts-payable batch in the amount of $130,323.90 dated 06/03/2025 for the board's review; no separate roll-call on each line item was recorded in the excerpt provided. The presenter also noted the open space bond fund servicing and referenced an expense to Speedway for $6,193 that was shown on the fund statements but had not yet been requested for payment.

Why it matters: the report shows a turnaround in year-to-date finances, shifting permit revenue mix, and routine operating expenditures and procurement the board considered on the consent agenda.

What happens next: staff will continue to monitor permit mix and revenue trends and will bring contract or purchase documents forward for formal approval as required by village purchasing rules.