Mayor & Board of Trustees January 14, 2025

Village of University Park Board of Trustees · January 15, 2025

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Financial overview and revenue projection

Presentation

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Chris (village staff member presenting the financial report) walked trustees through the consolidated balance sheet and budget-to-actuals: $16.5 million in year-to-date revenues vs. $10.1 million in expenses, $19.5 million budgeted revenue for the general fund, and a projection that the village will exceed revenue budget by year end.

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University Park trustees reviewed October financial statements, discussed the recent TIF 5 closure and its revenue timing, debated police/fire overtime and staffing needs, heard a lease presentation for a Harold's Chicken restaurant and received a procurement recommendation for road reconstruction bids.

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Transcript

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