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Treasurer cautions council that operating expenses are outpacing revenue; surpluses shrinking after capital needs
Summary
Councilman Schafer presented unaudited fiscal-year results showing a modest surplus and warned operating expenses have risen faster than revenues over recent years; he urged the council to plan for capital needs and address an emerging operating deficit trajectory.
Councilman Roy Schafer delivered the treasurer’s report and a cautionary review of the village’s finances, saying the unaudited surplus for the fiscal year was roughly $122,000, down from a previously projected $133,000. Schafer highlighted revenue shortfalls — notably income-tax receipts and parking-ticket income — and one‑time underspends on items such as the shuttle contract and snow removal that…
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