Due From Other Funds (GF Advance)
This account tracks a temporary loan from the Sewer Fund to the General Fund to cover sewer bond payments. The current draft shows a $167,501 obligation due by May 31, 2026, which remains after applying $39,729 in reserves to an original $205,430 advance. The Treasurer is currently evaluating whether to repay this through external borrowing or a taxpayer subsidy.
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Per-fiscal-year timeline
For each fiscal year, every opinion that has ever been recorded about this account, in the order the opinion was made. actual = closed-year number, projected = forecast for the current year, draft = proposed for the upcoming year, amendment = mid-year budget-adjustment resolution that moved this line.
| 2026-04-27 | draft | $167,501 | GML §9-a General Fund Advance for sewer bond payment. Total advance was $205,430; after applying $37,929 Reserve, net unfunded obligation is $167,501. Due May 31, 2026 (34 days from workshop date Apr 27). Repayment must occur within fiscal year per §9-a. Two instruments evaluated: Budget Note (external borrowing, 3-6 wk timeline, cost ~$84K/yr over 2 years, requires bond counsel and ⅔ vote) or GF Subsidy (budget amendment, immediate, cost to all village taxpayers). Treasurer's repayment plan expected May 11. Failure to repay may expose Trustees/officers to personal liability. | Sewer Financials Oversight: FY 2026–27 Budget & General Fund Advance |
Snapshot grid
One row per budget revision. Each cell shows what that revision said about the column’s fiscal year. Read down a column to see how a single year’s number evolved as Karen revised the draft.
| Revision | FY 26/27 | Note |
|---|---|---|
| 2026-04-27 wd::doc_2741 | $167,501 | GML §9-a General Fund Advance for sewer bond payment. Total advance was $205,430; after applying $37,929 Reserve, net unfunded obligation is $167,501. Due May 31, 2026 (34 days from workshop date Apr 27). Repayment must occur within fiscal year per §9-a. Two instruments evaluated: Budget Note (external borrowing, 3-6 wk timeline, cost ~$84K/yr over 2 years, requires bond counsel and ⅔ vote) or GF Subsidy (budget amendment, immediate, cost to all village taxpayers). Treasurer's repayment plan expected May 11. Failure to repay may expose Trustees/officers to personal liability. |