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Sleepy Hollow trustees approve $127,576.47 in payables; officials preview meter-fee increase and $200,000 state payment
Summary
Trustees unanimously approved $127,576.47 in accounts payable and heard finance director Eugene Mann report a $200,000 state payment for a grama project and a proposed meter-fee increase to build reserves for future replacements.
Trustees on Feb. 18 unanimously approved $127,576.47 in accounts payable for the period ending Feb. 18, 2025, the board’s finance director said.
The board moved and approved the payables by roll call after Director of Finance Eugene Mann presented the list. "So moved" and a roll-call vote produced five affirmative votes and no negatives, the president said.
Mann told trustees the village received a $200,000 state payment intended for the grama project and noted that about half the project cost has already been spent. "For those of you who are holding your breath waiting for the state to give us our $200,000, you've got the check," Mann said.
Mann also urged the village to begin reserving funds to replace utility meters as they age. He described an example in which meter hardware that once cost about $200 now runs roughly $372 and proposed increasing the meter fee from about $1.89 to roughly $3.35 "to keep up with inflation." He said the proposal will go to the finance committee for detailed review.
The finance director notified trustees that the finance committee will meet next week to review preliminary budget figures and recommendations.
What happens next
The board approved the payables immediately. Mann's meter-fee recommendation and the grama-project accounting will be reviewed by the finance committee; any changes to fees or the budget will return to the board for formal action.
