Auditor ‘confident’ about Minooka’s financial stability
By Kris Stadalsky Correspondent October 25, 2012 5:40PM
Updated: November 29, 2012 6:26AM
Minooka ended last fiscal year April 30 with a surplus, an auditor told village officials this week.
“I feel very confident about the fiscal stability of the village,” auditor Brian Zabel, of Brian Zabel and Associates of Morris, told officials.
As of April 30, the village had $13.8 million in cash and assets of more than $116 million. Its liabilities were about $22 million. The village’s general fund ended the year at $7.1 million. During the same period, the village spent $7.9 million from its general fund.
The village’s real estate tax levy was reduced by 5 percent two years in a row, village Trustee and Finance Committee chairman Dennis Martin said.
In other news, trick-or-treating will be from 3 to 7 p.m. Oct. 31.