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Board discusses interfund 'due to/due from' repayment for water and sewer bond; no action taken

Village Board of Trustees ยท June 10, 2026
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Summary

Trustees discussed repayment of a bond paid by the general fund and the corresponding 'due to/due from' entry between water/sewer and general funds; the board held discussion only and took no formal action.

Trustee Mark Vance moved and Trustee Dan Cheek seconded a discussion item described in the agenda as 'due to/due from water and sewer fund for repayment of bond paid to general fund.' The board discussed the interfund accounting matter but did not take formal action; minutes record 'Discussion only.'

The board did not record dollar amounts, a repayment schedule, or a staff directive in the minutes. The item remains for follow-up and may require additional financial detail or a formal motion at a future meeting.