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Albion reports $1.10 million in February receipts; explains early-year spending
Summary
The meeting host reported total receipts of $1,103,296.23 for February and noted year-to-date receipts of $154,162, about 22% of the annual budget, with higher early-year spending due to insurance payments.
The meeting host reported the village's financial figures, saying: "Total receipts for the month of February were $1,103,296.23." He added year-to-date receipts were $154,162, or roughly 22% of the annual budget, and explained that early-year spending is higher because the municipality pays health insurance and property/vehicle insurance early in the year.
The figures were presented as part of routine financial updates; no changes to the budget or requests for supplemental appropriations were made. The chair also noted that departments typically show higher outlays early in the year because recurring insurance and other annual payments are paid up front.
