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Gurnee finance director reports stronger-than-expected revenue through October; fund balance may support capital plan
Summary
Finance Director Bridal Gusnel told the Village Board that through Oct. 31 the village's general fund receipts were about $20.9 million (56.7% of the annual budget), with sales and hospitality taxes notably ahead; unaudited FY25 fund balance is approximately $34.37 million and may be used to fund a planned capital program.
The Gurnee Village Board received its fiscal 2026 second-quarter financial update on Dec. 15, in which Finance Director Bridal Gusnel described revenue performance and fund-balance levels ahead of seasonal expectations.
Gusnel said cash and investments totaled about $50.1 million as of October, with roughly 65% of all funds held in the general fund. He reported general fund receipts of…
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