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Residents urge board to halt water-rate action, allege $7.1 million accounting gap
Summary
Two residents told the Lisle Village Board they oppose any immediate water-rate increases, alleging a $7.1 million transfer from the village's water enterprise fund was not properly tracked or repaid and asking for audited fund balances and an updated rate study before any vote.
Chris Pisak, a former Lisle mayor and private citizen, urged the Village Board on April 20 not to take final action on raising water or sewer rates and demanded a full accounting of a $7,100,000 loan he said was taken from the water enterprise fund in 2007.
"The village borrowed the $7,100,000 from the water customers," Pisak said. He told trustees he could not find evidence in FOIA responses or the village's financial reporting that the transfer was repaid, and he asked the board for monthly water-enterprise-fund balances dating back to April 2020, audited fund-balance numbers, and a…
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