About The Village Audit…

Read this excellent editorial from Trustee Lauren Connell on the audit of Village finances:

https://riverjournalonline.com/letters/op-ed-good-news-in-sleepy-hollows-audit-results/292365/

Three highlights to note:

• Overall, the Village brought in just over $26.2 million in revenue, an increase of $2.7 million from the prior year. Notably this included $2 million more in real property taxes and $400,000 more in permit fees

• The Village kept expenses flat at $26.4 million, with significant expenditures on employee benefits (nearly $6 million) and debt servicing ($2.2 million)

• Given the conservative approach to spending by the prior administration, the Village only needed to draw down $130,615 from the unassigned general fund to balance the budget