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Woodlawn Village reports improved income-tax receipts and $2.9M general fund balance; officials cite payroll timing for recent spikes
Summary
The finance director told council that March income tax receipts were ahead of March 2025 and that year-to-date receipts were 5% higher; the director said a timing issue with pension payments and a new payroll system explains recent expenditure spikes, and reported a general fund balance of $2.9 million and all funds at $7.85 million.
The village finance director presented the monthly finance report for March at the April 28 meeting, reporting stronger income-tax receipts and stable fund balances.
The finance director said income-tax collections for March were ahead of March 2025 and that year-to-date receipts were 5% higher than the same period in 2025. He reported that since the inception of the road tax (later changed to a road and sidewalk tax) the village has collected $6,689,000 with disbursements of about $5 million, leaving roughly $1.6 million unspent in that fund. The general fund balance at the end of March stood at $2.9 million and all funds combined totaled $7.85 million, according to the finance report included in the packet.
Council members asked about a sharp-looking increase in certain pension and overtime expenditures. The finance director said the spike was a timing issue tied to payroll processing and training on a new payroll system rather than an ongoing structural increase: “it’s more of a timing issue,” he said.
The report included details on overtime distribution (police, fire and public works accounted for the largest shares) and salary expenses year to date; the finance director noted some large, one-time expenditures such as payment for police radios ordered under budget in prior years. The council approved bank reconciliations, the receipt listing and payment listing that were presented at the meeting.
Next steps: finance staff will continue to monitor timing effects related to pension and payroll entries and report back in future finance committee materials.
