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Trustee: Bronxville posts $3.15M operating surplus, receives unqualified audit
Summary
Trustee Fredericks told the Dec. 8 board that auditors issued an unqualified report for FY ending May 2025 and the village realized an operating surplus of $3,147,000, driven largely by licensing/permit revenues and favorable sales taxes.
At the trustees meeting, Trustee Fredericks summarized the village's annual audit and budget performance: the fiscal-year budget projected $19.4 million in revenue while actual revenue was about $21.4 million, producing an operating surplus of $3,147,000. Fredericks credited active building-department permitting and successful state and federal aid efforts as contributors to the positive variance and said the village received an unqualified audit report from its auditors.
Trustees cautioned that some revenue sources (licensing and permitting fees) are variable year to year and the surplus should not be treated as recurring; Fredericks said some expenditure savings came from turnover in senior staff and employee-benefit changes. The treasurer Lori Voss and Administrator Jim Palmer were noted for their roles in the positive result.
