Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Menomonee Falls closes FY2024 with roughly $1 million surplus; working capital inches below three-month guideline
Summary
Director of finance Valerie Emerick told the Village Board the village ended FY2024 with about a $1 million surplus and an $11.7 million fund balance, but revenues missed budget by roughly $800,000, and months of working capital stood at 2.9. Staff signaled rate studies and a deferred SAFER grant will affect 2025 results.
Valerie Emerick, the village director of finance and treasurer, told the Menomonee Falls Village Board on Aug. 18 that fiscal 2024 closed with an approximately $1,000,000 surplus and a year-end fund balance of $11,700,000, but overall revenues were about $800,000 short of budget.
Emerick said the revenue variance reflected timing and variability in several items: higher-than-expected building permit and interest income in some categories, offset by SAFER grant reimbursements that will be received in 2025 rather than 2024. "We had a revenue deficit this year in 2024 of about $800,000," Emerick said. She told trustees that the village’s net ambulance fee revenue and deferred grant reimbursements are…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
