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Committee debates handling of public-safety referendum funds; administrator says 'restricted fund' mechanism not used locally
Summary
Trustees debated whether revenues from the April 2024 public safety referendum should be placed in a separately restricted fund; administration said the village would track and, if warranted, restrict unspent referendum cash within the general fund at year-end rather than create a separate restricted fund.
Trustees spent an extended portion of the meeting discussing how to account for and protect revenue raised by the April 2024 public safety referendum that authorized funds for hiring police and firefighters.
Trustee Jan Miller asked that referendum revenues be placed into a restricted fund to ensure they are used only for hiring new personnel. Administration responded that local government accounting does not create ad-hoc…
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