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Menands auditor: village general fund ran about $1.1 million deficit in 2025
Summary
Auditor Brendan told the Menands Village Board that budgeted appropriations of fund balance and unbudgeted catch‑up pension contributions drove an approximate $1.1 million general‑fund shortfall; board members were told interfund loans and short‑term notes may be needed while longer‑term fixes are developed.
Auditor Brendan presented the village’s 2025 audit to the Menands Village Board and reported the village’s general fund ran a deficit of roughly $1.1 million for the year ending May 31, 2025.
Brendan said a key cause was a mismatch between the 2024–25 budget’s use of appropriated fund balance and the village’s actual unrestricted reserves; the village budget had assumed use of a larger fund balance than was available. He also identified unanticipated retroactive contributions to the Police and Fire Retirement System (PFRS) that increased the village’s required 2025 pension contribution — the budgeted figure…
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