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Finance staff reports 2024 closed out; $9 million reported in bank
Summary
Jamie Morley told members that 2024 has been closed and sent to auditors, and reported the Village has $9 million in the bank; she also described budget preparation and appropriations.
Jamie Morley told the committee that 2024 has been closed out and records were sent to auditors. She reported, “We currently have $9 million in the bank,” and outlined how she prepares the budget and appropriates funds.
Members asked follow-up questions about line items and banking arrangements while staff described reconciliations performed with help from Kitty. The discussion did not include changes to appropriation levels at this meeting but flagged budget items for future review.
