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North Chevy Chase reviews finances, approves November minutes and plans transfer to cover streetlight invoice
Summary
Council approved the November minutes, reviewed year-to-date finances and discussed transferring $200,000 from UBS investments to the operating account to pay a final invoice for the Kensington Parkway streetlight project; staff will update fund-management and investment policies in early 2026.
The Village of North Chevy Chase Council approved the November meeting minutes and reviewed the Treasurer’s report on Dec. 16, 2025. The Treasurer reported year-to-date income of $273,719 and expenses of $145,275 through November, and stated Village assets totaled $3,311,372 as of Nov. 30.
Councilmembers discussed the completion of the Kensington Parkway streetlight project and plans to transfer $200,000 from UBS investments into the Village operating account at Atlantic Union to cover the final invoice for the work. The Village Manager and the Treasurer will update the Village’s fund-management control policy and investment policy in early 2026 to address upcoming certificate-of-deposit maturities and other timing concerns.
The Council also directed staff to proceed with routine administrative follow-ups tied to the project closeout, including inspecting pavement patches from the lighting project in spring to confirm no winter freeze–thaw damage. The meeting record shows the minutes were approved by the four Councilmembers present.
