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Finance director: February receipts up; council adopts permanent appropriations
Summary
Finance reported February receipts of $682,000, year‑to‑date income tax collections up 6%, general fund balance of $3.5 million (all funds $8.9 million), and presented permanent appropriations to be adopted to cover major projects including building roof repairs. Council approved the permanent appropriations that night.
The Woodlawn Village finance director reported to council that the village collected $682,000 in receipts for February and that year‑to‑date income tax collections were up about 6% compared with last year. The director said income tax revenues are distributed across the general fund, road and sidewalk tax, the debt fund and the capital project fund.
The finance report noted the road and sidewalk tax fund has collected $188,913 to date and, since the fund's inception, collections totalled approximately $6,596,454 with about $5 million expended for related projects. The general fund balance was reported at $3.5 million and total fund balances across all funds at $8.9 million. The director said the village spent roughly $56,823 on overtime in February and year‑to‑date salary and benefit spending was about $1.1 million (an ~11% increase over 2025).
Council voted to submit and adopt permanent appropriations for 2026 so staff can finalize budget entries and proceed with planned capital work, including new roofs on village buildings. The finance director said the permanent appropriations would slightly dip into carryforward balances but maintain a projected year‑end cushion of about $3.2 million under conservative revenue assumptions.
The council approved the receipt listings, payment listings and bank reconciliation as part of the consent approvals.
Next steps: Finance will finalize permanent appropriation documents and proceed with budgetary closeout actions and contract administration for approved capital projects.
