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Terrace Park reviews finances, EMS class plans and snow response
Summary
Council reviewed year-end finances showing 8.7 months of cash on hand (about $1.8M), earmarked roughly $80,000 from water assessments for an Elm Street water-line project, heard EMS training plans, and received a report that crews used 72 tons of salt in recent storms.
The Village of Terrace Park’s finance officer reported on Jan. 14 that the village’s ending balance increased to 8.7 months of cash on hand at Dec. 31, 2024 — an improvement from the prior year — with an ending balance reported at about $1.8 million.
Speaker 5 (finance) presented multi-year graphs comparing revenues (green) and expenses (yellow) and highlighted that revenue was higher than the prior year while spending was lower; the…
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