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Cherry Valley Treasurer reports April surplus in General, Water, and Capital funds
Summary
Treasurer Maureen Gumowski reported April 2025 results: General Fund revenues $466,000 vs. expenditures $345,000 (surplus $121,000); Water Fund surplus $19,000; Capital Improvements Fund surplus $88,000 with notable expenditures for Elgin Street projects and 2025 street design.
Village Treasurer Maureen Gumowski presented the April 2025 financial report, saying General Fund revenues totaled $466,000 and exceeded expenditures of $345,000 by $121,000. She reported Water Fund revenues of $164,000 and expenditures of $145,000 (a $19,000 surplus), noting expenditures included a $31,000 final payment for the Elgin Street Water Main Project.
Gumowski also reported the Capital Improvements Fund had revenues of $175,000 and expenditures of $87,000, a surplus of $88,000, with primary expenditures identified as a $14,000 final payment for the Elgin Street parking lot and $49,000 for the 2025 Street Design Project. President Schroeder stated the Treasurer's Report will be placed on file with the minutes.
