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Mayor: Broadview reports $8.9 million general‑fund surplus in FY2023 but audits lag, village working to catch up
Summary
The mayor said the fiscal 2023 audit showed an $8.9 million general‑fund surplus and that the village manages roughly a $33 million operating budget, but audit reports have been delayed since COVID and the administration is contracting audits for FY2024–25.
At a public forum, Broadview’s mayor told residents the village’s fiscal 2023 audit reflected a general‑fund surplus of $8,900,000 and described the administration’s efforts to modernize financial controls and catch up on delayed audits.
She said the village manages about a $33,000,000 operating budget across multiple funds and emphasized that municipal finance is complex because different funds (general, water, Motor Fuel Tax) are restricted to specific uses.
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