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Trustees review $6.37 million in one-time decision packets funded from reserves
Summary
Staff proposed using about $6,365,000 in reserves for one-time capital and maintenance projects — including RecPlex generator work and parks improvements — while maintaining a fund balance above policy minima.
Staff told trustees the village has reserves well above policy and is proposing about $6,365,000 in one-time decision packets to complete projects that would not recur in the operating budget.
Kathy said the village's fund balance would be reduced to about $11,000,000 — roughly 42% of operating expenses — after those one-time transfers, still above the 25% policy minimum. She listed one-time items that include RecPlex generator repairs and parks maintenance, and described scheduling and publication requirements ahead of the hearing.
The presentation stressed these are one-time uses; routine recurring spending would require ongoing revenue or reallocation in future budgets.
