Cambridge trustees praise administrator for balanced budget
Village administrator Dwaine VanMeenen was praised at the Monday, April 25, meeting for his work in preparing a balanced budget and in finding cost saving measures for necessary sewer line work.
Even with the State of Illinois behind about $58,000 in payments, the village has a balanced budget.
Village president Jim Crouch said, “The village administrator does a great job with finances and I also think our staff and trustees work well as a team…that all helps us save money in our effort to finding a balanced budget.”
Trustees approved an appropriations ordinance that lists estimated expenditures at $1,807, 498 in general fund, $1,264,616 for water and sewer, $254,598 in motor fuel tax fund and $277,211 in the tax-increment fund.
The new figures compare with last year’s expenditures at $986,819 in general fund, $464,563 for water and sewer, $268,349 in motor fuel tax fund and $179,808 in the tax increment fund.
Total estimated revenue is listed as $3,444,252, up from last year’s revenue of $1,860,883.