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Elberta council approves revised five-year deficit-elimination plan after State Treasury request
Summary
The Elberta Village Council unanimously approved a revised Resolution #2024-006, adopting a five-year deficit elimination plan after State Treasury rejected the earlier filing for insufficient information; Village President Jennifer Wilkins said she will submit the requested monthly revenue and expense breakdowns for FY24-25 and FY25-26.
Village President Jennifer Wilkins explained the revised Resolution #2024-006 and presented an additional monthly revenue and expense breakdown that State Treasury requested for the village's five-year deficit elimination plan. Wilkins said she will submit the supplemental FY24-25 and FY25-26 detail to State Treasury.
The council moved to approve the revised plan on a motion by McGregor, seconded by Holmes. Roll call was recorded as Votruba Aye, Holmes Aye, Fiebing Aye, McGregor Aye and Wilkins Aye; the motion passed unanimously.
The revision responds directly to correspondence noted at the start of the meeting indicating State Treasury had rejected the village's prior five-year deficit elimination plan for lack of information. The supplemental monthly schedules Wilkins presented are intended to meet the State Treasury requirement and to document projected revenues and expenditures across the covered fiscal years.
The approval is procedural authorization for the president to file the additional materials with State Treasury; the council did not change the revenue or expenditure totals in the meeting record. The council’s next regular meeting is scheduled for Oct. 19, 2024.
