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Cross Plains moves $1 million from general fund to capital for new village hall
Summary
Trustees approved transferring $1,000,000 from the general fund to the capital fund to support new village hall construction; staff said the unreserved fund balance is nearly $2 million and the required minimum is about $717,000.
The Village Board voted April 27 to transfer $1,000,000 from the general fund to the capital fund to help pay for the planned new village hall.
Village staff said the unreserved general fund balance in the draft audit is nearly $2 million, with a required minimum of just over $717,000. The Administrator recommended the transfer to move funds into capital for ongoing construction costs.
A trustee moved and seconded the transfer; trustees voiced approval and the motion passed.
