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Larchmont treasurer presents first-quarter report; board approves $486,089.35 in invoices
Summary
The village treasurer presented a 1st-quarter financial summary showing near-complete property tax collection and higher parking-permit revenue; trustees then approved payment of invoices totaling $486,089.35.
The village treasurer presented the first-quarter financial report, comparing this year's actuals with the prior year by fund and department. The treasurer said 98.94% of property taxes for the quarter had been collected and noted parking-permit revenue is up following permit-rate increases. Interest income rose about $90,000 year over year, and health-insurance expenditures increased by roughly $95,000 (about 10%), which had been budgeted.
After the presentation, Trustee Paray moved that the board pay the bill list (number 0000385784) totaling $486,089.35; the motion was seconded and the board approved payment unanimously.
What this means: the village remains broadly on target for budgeted revenue and expenditures at the quarter; the transcript records the summary figures but does not include full fund-balance schedules in the audio record.
Vote: the motion to pay $486,089.35 passed with unanimous assent.
