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Glencoe treasurer reports steady receipts, planned drawdown aligned with budget
Summary
Village treasurer presented the January financial report showing $2.1 million in 2025 tax receipts (to be accrued back), a general-fund drawdown near the board's plan and a planned $3.4 million 2026 water bond issue to fund water-main improvements.
The Village of Glencoe treasurer told trustees the January financial reports show revenue and expenses largely tracking the board's plan, with some timing quirks driven by county disbursements and bond proceeds.
Treasurer staff said January's report included about $2.1 million in 2025 property-tax receipts that will be accrued back to 2025 on a cash-basis report. Excluding those late receipts, staff said annual revenue projections show a roughly $187,000 net position; when the accrued receipts are included, the reported revenue appears about $2.3 million higher.
On operations,…
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