Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Golf Manor Village finance committee reviews March balances, authorizes paying outstanding bills through April 30
Summary
The finance committee heard a March financial report showing a $3.32 million combined bank balance, discussed delayed real-estate tax disbursements, and approved a motion authorizing payment of outstanding bills through April 30 and an appropriation adjustment to cover legal fees.
Eric, finance staff for Golf Manor Village, told the finance committee the village had a combined bank balance of $3,324,050.30 for March 2025 and that $247,015.02 of that was in the village’s primary checking account. "$1,381,978.41 can be found in the village's high interest savings account," he said.
Eric said the village generated $77,204.88 in general fund income taxes for March, and that year‑to‑date income tax receipts were up just under 20 percent compared with the prior year. He also noted the village had not yet received the first biannual disbursement of real property taxes from the county auditor, and reported $292,205 in general fund receipts for the period.
Committee members discussed outstanding obligations, including 25 unpaid invoices totaling $47,165.26 and recent legal expenses tied to an employee contract matter. A committee member said the village’s lawyer had billed more than originally estimated and the administration asked for authority to pay additional legal charges that could increase the previously approved amount by $1,440 and possibly more before month end.
A committee member moved and another seconded a motion authorizing the administration to pay outstanding bills through April 30, including the lawyer’s invoices, and to return to the committee with a final accounting at the next meeting. The motion passed by voice vote; members present responded "Aye." The committee directed staff to provide a follow‑up report showing the final totals for February and March bills at the next meeting.
Eric said the top five payees for the month included payroll, Deer Park Silverton, Roanokey Container, Ohio Police and Fire, and Ford Motor Co. He said total general fund appropriations expenditures for the month were $186,467.99 and that amount was about $39,782.19 lower than March of the prior fiscal year after accounting for payroll timing differences.
Committee members asked for continued monitoring of appropriation spending and for a report of final bill totals after April.
