Timberlake council approves amended appropriations and creates fund to track opioid-settlement payments

The Village of Timberlake on Aug. 20 approved an amended appropriations resolution and established a fund to track revenues from national opioid settlements.

On a unanimous roll call, Council passed Resolution No. 2024-17 after Fiscal Officer John H. Roskos explained the amendment increases the village's total 2024 appropriations. Mrs. Marra moved to approve the resolution and Mr. Joyce seconded; the motion passed by roll call.

Council also approved Resolution No. 2024-20 to create the 2904 OneOhio Funds account to record opioid-settlement receipts. Roskos said Timberlake has received payments tied to CVS, Walgreens and Walmart and that documentation has been submitted for Kroger; he noted the State Auditor's Office bulletin specifies permissible uses for the settlement funds, such as training. Solicitor James O'Leary and council members discussed whether the Police Department carries Narcan; council noted local EMS units do, while the police do not.

In his monthly financial report, Roskos said the General Fund ending balance through July 31, 2024, is $430,092.72. July revenue totaled $53,870.90 versus expenditures of $43,279.26, producing a monthly net surplus of $10,591.64. Year-to-date revenue is $64,257.51 higher than last year at this point and income tax receipts are $59,943.47 above last year YTD. He estimated a year-end General Fund surplus of about $138,848.49 assuming no significant refunds or unexpected events; he cautioned that storm-related expenses could reduce that estimate by around $20,000.

Councilors did not alter the village's revenue policy at the meeting, but Roskos asked members to submit any budget requests for next year's draft, which will be available in October.