NOVEMBER 20, 2015 LAST UPDATED: FRIDAY, NOVEMBER 20, 2015, 12:31 AM
BY MARK KRULISH
STAFF WRITER |
THE RIDGEWOOD NEWS
The village’s current financial situation and the results of an independent audit were presented to the council earlier this month as part of the series of quarterly financial updates.
The report focused on areas of the budget in which the village may fall short of expected revenue as well as comments and recommendations made by auditors for the village’s annual financial report for the year ending Dec. 31, 2014.
Village Chief Financial Officer Bob Rooney said revenue for the general fund appears to be on target, although there were a couple of areas that may present budgetary issues.
One area to keep an eye on is in the Building Department, where Rooney said new construction fell short of expectations, possibly resulting in a shortfall. The village also may come up short in administrative charges for outside police services. With a low headcount in the police department, the village is not able to provide the services it normally would, Rooney said.
Rooney also provided three budgetary expenses that need continued monitoring – attorney fees, police overtime and the maintenance of fleet in the central garage.
Mayor Paul Aronsohn asked why expenses for the central garage required additional observance. Rooney responded the village has had to send its equipment out for repairs due to limited staff, and there is a higher cost of maintaining because the equipment is older.
