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Lake Bluff trustees approve warrants, payroll and accept January financial report
Summary
The board approved payment of invoices and payroll totaling $542,786.14 and accepted the village's January 2025 financial report showing higher sales tax receipts and year‑to‑date revenues compared with the prior year.
The Village Board approved payment of invoices and payroll for Feb. 11–Feb. 24, 2025, and accepted the January 2025 financial report at Monday's meeting.
Trustees approved the warrant report authorizing invoice payments of $214,548.14 for Feb. 11–Feb. 24 and payroll totaling $328,238 for January 2025, for a combined total of $542,786.14.
In the January financial report staff noted monthly sales tax receipts on a cash basis for January 2025 were $433,127, which staff said is $128,793 greater than the cash‑basis sales tax receipts for January of fiscal year 2024. Staff reported general fund year‑to‑date revenues of $11,769,789, approximately $1,022,000 greater than the same period in fiscal year 2024. Fiscal‑year‑to‑date expenditures of $10,529,522 were reported as $1,979,557 greater than the same period in fiscal year 2024; staff said roughly 60% of that increase was due to interfund transfers posted earlier than in the prior fiscal year (vehicle replacement and capital funds).
The village administrator recommended approval of the warrant and payroll reports and acceptance of the January financial report; trustees approved both by roll call.
