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Treasurer reports account balances; trustee warns of revenue shortfalls ahead of April budget
Summary
Trustee and Treasurer Mickey Brown provided account balances and said budgets are due at the April meeting. He said he will meet with GAPS to discuss incoming revenue shortfalls.
Trustee Mickey Brown delivered the treasurer's report and asked the board to approve the warrant dated March 19, 2025; the motion passed unanimously. Brown listed the village account balances as: First Mid Bank $34,141.10; IL General $140,093.39; MFT $72,743.43; Epay $33,220.46.
Brown told the board that the last budget draft was included in members’ packets and reminded trustees that budgets are due for the April meeting. He said he will meet with GAPS to discuss incoming revenue shortfalls, but the meeting record did not specify the expected shortfall amounts or what revenue lines were at risk.
The board did not take additional budgetary action at the March meeting; members were asked to prepare for the April budget vote.
