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Riverwoods reports first‑quarter surplus in general fund; capital work for Saunders Road still pending
Summary
Trustee Clayton presented unaudited first‑quarter financials showing a general‑fund operating surplus of $217,824, a matured $250,000 CD, and capital expenditures tied to the Saunders Road project that have not yet occurred.
Trustee Clayton presented the village’s unaudited financial statements for the first quarter and summarized key variances and cash‑position items.
Clayton said revenues generally matched expectations but noted seasonal variation in police revenues and a gain this year from special use fees and the sale of a retired vehicle. The general fund is showing an operating net…
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