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Village reports stable reserves, income-tax uncertainty; audit filed with extension
Village Council, Friendship Heights Village · November 11, 2025
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Summary
Treasurer reported income taxes are down about 4% and interest income fell about $13,000; reserves total just under $5 million, up about $150,000 year-to-date. Julian said the annual audit was filed after a short extension and final copies will be provided to the village.
The Village Treasurer reported that revenue and expenses are close to last year’s figures but noted a few shifts: income tax receipts are down about 4%, property tax revenue is slightly higher, and interest income is about $13,000 (24%) lower than last year due to rate declines. Capital expenditures…
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