FINANCE OFFICER’S REPORT
August 5, 2014
Income tax collections 2014 vs. 2013 as of 7/31/2014:
Month 2014 2013 2014 Over/Under
The accounts payable list for July 2 – July 31 is included for council review and approval on the Claims Ordinance.
Difference in income tax collections – 2014 vs 2013
Increase in collections: Taxes withheld from Employees
Phase II sewer lateral expenses to date:
$ 7,141.30 Village Property
*Note: Lateral expenses for work performed on village property were paid from the General Fund.
Final letters of assessment will be sent out this week to allow for any last minute payments before they are assessed in September.
Appropriation Ordinance – Street Paving and Reconstruction. Appropriation for the 2014 street paving project, specifically the street levy portion. Paving expenses applied to the Permissive Fund and Storm Water Fund are already accounted for in the 2014 budget.
Appropriation Ordinance – Park Fund – Shelter house remodeling.
i. Note: 35,732.76 remains of the Larson funds.
Special Assessment – Delinquent utility accounts. You each have a list of delinquent utility accounts to be assessed. Requesting this ordinance be passed at the Sep 2 meeting to allow for any final payments throughout August, and certification to the wood county auditor by Sep 8.
Special Assessment – SSP PH II lateral expenses. You each have a list of lateral expenses to be assessed to the property owners. Requesting this ordinance be passed at the Sep 2 meeting to allow for any final payments throughout August, and certification to the wood county auditor by Sep 8.
i. Note: You also have a list of the residents who have paid their lateral expenses in full.
Special Assessment – Assessment for concrete installed at CSX. Requesting this ordinance be passed at the Sep 2 meeting to allow certification to the wood county auditor by Sep 8.
Great Lakes EMS collections are listed as a separate handout.
James Potts has sent in his proposal for the 2015 tax administration services. A copy has been placed in each of your boxes.
2015 Budget requests will be collected this week from the department heads. The 2015 budget is now being put together.