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Auditor presents 2024 financial summary to Cottage Grove trustees; general fund reserves within policy, utilities show improved reserves
Summary
Village auditors reviewed the Village of Cottage Grove's 2024 audited financial statements on May 19, reporting a $429,000 increase in general fund balance, a fund-balance ratio within village policy, and improved utility reserves with cash-funded water projects planned.
Cottage Grove, Wis. — Auditors from Baker Tilly (presented by Amanda Blomberg) delivered the Village of Cottage Grove's 2024 audited financial statements at the May 19 board meeting, reporting a $429,000 increase in the general fund balance for the year and noting that the village's unassigned fund balance sits within its 20–30% policy goal.
Amanda Blomberg summarized key metrics from the audit results and the financial statements, telling trustees the general fund's net income for 2024 was about $429,000 and that most of the increase flowed to the village's unassigned reserves. She explained that the village's…
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