On July 26, auditors from KerberRose, S.C. presented the annual audit of the Village and Utility funds for the fiscal year ending December 31, 2020. To view the 2020 Financial Statements, visit the Taxes & Budgets webpage and scroll down to “Annual Audits.” Auditors reported that the Village continues to maintain a solid financial position. The Village’s unassigned General Fund balance of $766,147 meets and exceeds the Village’s fund balance policy. The outstanding general obligation debt at year-end was also within the Village’s policy of not exceeding 75% of the state limit. Auditors reported that the water, wastewater and storm water utilities all had a positive change in net position. With the completion of the annual audit, the Village now starts the 2022 Budget process, beginning with an initial meeting of the Finance Committee on August 3.