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Village treasurer reports account balances and wires first annual payment on sewer capital loan
Summary
Treasurer Lori Urban reported general, water and sewer fund balances and told trustees the village wired its first annual installment on the sewer capital debt; officials also described an income‑survey effort to qualify for grant funding for a sewer expansion phase.
At the March 10 meeting the Village of Red Hook treasurer reported the village's account balances for February and announced the village had wired the first annual installment on the capital sewer loan.
Treasurer Lori Urban reported the following balances (rounded): general fund $949,647; water fund $674,947; sewer fund $2,228,947; and several reserve accounts including the USDA fund ($146,210). Monthly expenses for February were $195,179 from the general fund and $138,775 from the water fund; the sewer fund expended $11,770 for the month.
Urban said she and Deputy Treasurer Marybeth DeFilippis visited KeyBank last Friday and wired the first installment on the village's sewer capital debt rather than sending a paper check. The debt will be paid in equal annual installments, Urban said, and the payments will be made each March.
On the sewer expansion (phase 2) project, officials said the village is conducting a household income survey in the area proposed for expansion. The survey is intended to establish whether the actual incomes in the expansion district qualify the village for additional grant funding; if the area qualifies, the village could receive grant dollars that would not require repayment. Officials asked residents who receive an income survey to complete it promptly; staff said household follow‑up may include door‑to‑door contact if surveys are not returned.
The treasurer's report was accepted by the board on a voice vote.
