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Treasurer flags General Fund shortfall; attorney urges appropriation review
Summary
Treasurer Black reported the General Fund needs augmentation without ARPA funds and will consider cashing a CD; Attorney Laegeler reminded the Board to review appropriations and seek cuts or revenue options ahead of the appropriations season.
Treasurer Black told the Board the General Fund requires an increase and that she will investigate cashing a certificate of deposit to raise operating cash without relying on ARPA funds. The minutes do not specify the shortfall amount or which CD might be cashed.
Village Attorney Laegeler reminded trustees that the municipality is entering appropriations season and advised reviewing the current year’s appropriations to identify spending cuts and potential revenue increases; she said she would send last year’s appropriations documents to the Board for review.
