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East Troy trustees reassign reserves, set aside $40,000 for payroll overrun
Summary
Trustees approved fund-balance designations for the 2024 audit, moving $40,000 to cover anticipated administration wage overages and leaving $170,007.21 in the general fund; they also undesignated several capital reserves for future projects.
Eileen (staff member) told the Village Board on Feb. 18 that the village reviewed its 2024 fund balance designations as part of the audit process and recommended shifts to reflect last year’s operations and upcoming capital needs.
The change approved by the board would designate $40,000 in the general fund to cover anticipated administration wages that may exceed the 2025 budget because of overlapping clerk positions and payouts of unused paid time off; it would leave $170,007.21 in the general fund and move older capital-designated balances into undesignated capital…
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