Flossmoor’s finances are trending better than budgeted for the current fiscal year, but the village’s short-term savings come with some concerns about long-term sustainability. So says a fiscal year 2023 mid-year financial review delivered by Village Manager Bridget Wachtel on Monday, Feb. 20, to the Flossmoor Village Board. The village’s[Read More…]
Tag: village finances
Flossmoor’s budget talks include possible $1.29 increase to water and sewer rates
As the Village of Flossmoor awaits a switch to a new water supplier that could come as early as this September, officials are discussing an increase to residential water and sewer rates to help cover increasing costs. Finance Director Scott Bordui presented the village board with five options regarding water[Read More…]
Flossmoor Village Manager: ‘Pandemic continues to impact our budget in many ways’
The latest round of budget discussions for the Flossmoor Village Board offered a glimpse at the capital equipment fund, a sinking fund that receives annual contributions from other funds to address long-range needs. Village Manager Bridget Wachtel led discussion of the fund on Monday, March 21, focusing on fiscal year[Read More…]
Homewood draft budget presentation has more optimistic tone than last year’s
A draft budget is being considered by the Homewood village board and it’s looking toward a brighter outlook in the post-pandemic world. Finance Director Dennis Bubenik gave an informal presentation of a draft of the 2021-2022 budget at a village board meeting April 13. “You all remember that 12 months[Read More…]
Independent auditor gives Homewood finances good marks
Homewood trustees approved the village’s comprehensive annual financial report (CAFR) on Tuesday after presentations by Finance Director Dennis Bubenik and Matt Beran, a partner in the audit firm Lauterbach & Amen LLP.Beran said his firm gave the village an unmodified opinion.”That’s the highest opinion that we give,” he said. “Basically[Read More…]
