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Village financial report reviewed; council advances funds to urban forestry grant account
Summary
Council reviewed the fiscal officer’s monthly financial report, discussed a series of outstanding checks and insurance increases, approved the monthly financials, and authorized an advance from the general fund to an urban forestry grant fund so the village can pay tree costs and await state reimbursement.
Baltimore Village’s fiscal officer presented the monthly financial report on Monday, and council members approved the reports after questions about outstanding checks, returned refunds and insurance increases.
The fiscal officer reported an overall balance and explained adjustments made for voided and reissued checks and a partial reimbursement in one case. The report noted the village wrote approximately $360,000 in checks during the reporting month, reflected an insurance premium increase (about $14,000 higher than the prior year) after property revaluations, and described a returned refund check that required reissuing.
Council reviewed appropriation status reports and asked for clarification on not yet executed storm sewer spending; staff said storm‑sewer projects are likely later in the year pending guidance from the U.S. Environmental Protection Agency. The fiscal officer noted a contractual revenue change that increased monthly receipts into the improvement fund from roughly $12,000 to $19,000 per month.
On separate business the council voted to send a resolution to council (sponsored from finance) authorizing an advance from the general fund to the urban forestry grant fund to allow payment for tree purchases and related costs prior to reimbursement by the state. Officials explained the urban forestry grant fund had only about $2,000 on hand and the program requires payment up front; the village expects to be reimbursed and will return advance amounts to the general fund upon reimbursement.
Council approved the monthly financial reports and adopted the advance to the urban forestry grant fund. Staff flagged follow‑ups: reconcile outstanding check reimbursements, provide a stormwater project schedule once EPA guidance is received, and return to council with any required budget amendments if reimbursement timing affects cash flow.
