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Treasurer/Clerk reports general fund sales-tax receipts up about $12,000 year to date
Summary
Clerk reported year-to-date finances are better than the prior three years, with the general fund up roughly $12,000 and net income listed as $6,506.97; the board discussed timing differences caused by monthly smoothing of the budget.
The Clerk reported that year-to-date figures show improvement compared with the previous three years. "Year to date, we are ahead of any year we've had the last 3 years," the Clerk said, noting that about two-thirds of sales tax goes to the general fund and one-third to capital, and that timing differences (monthly smoothing) make some monthly lines appear negative.
The Clerk gave a net-income figure of $6,506.97 and said the village expects additional sales-tax deposits in mid-month. Board members accepted the report and had no further action items on budgeting at this meeting.
