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Village of Pigeon council accepts 2023–24 audit, auditor says village "had a very good year"
Summary
The Village of Pigeon Council accepted its 2023–24 audit on Aug. 19, 2024. Auditor Kylie Braun reported increases in unassigned fund balances across the General, Sewer, Water and Trunkline funds and a $237,548 reduction in total debt; the council approved the audit unanimously.
The Village of Pigeon Council unanimously accepted the village—s 2023–24 audit during its Aug. 19 meeting, auditor Kylie Braun of Nietzke & Faupel PC told the council.
Braun summarized the village—s fiscal position for the year ending Feb. 29, 2024, saying the General Fund unassigned fund balance grew to $1,110,856 (105.7% of General Fund expenditures). She reported the Sewer Fund—s unassigned balance increased to $746,330 and the Water Fund ended the year with an unassigned balance of $162,907, up from a deficit of $12,945 the prior year. The Trunkline Fund rose to $8,045. The village—s total debt decreased by $237,548, while pension funding declined from 98.3% to 88.1%.
"Overall the village had a very good year," Braun stated in her presentation.
The audit presentation was followed by a motion from Trustee Kent Shetler, seconded by Trustee Michael Wehner, to accept the audit as presented; the motion carried with all members voting yes. The council did not record any additional follow-up tasks or requests for supplementary reports in the transcript.
The acceptance of the audit keeps the village on a path of reported improved liquidity in most funds, while the noted drop in pension funding signals a future liability the council may want to monitor. The council did not set a date for any further action on the pension position during the meeting.
