Peoria Standard

Hanna City Village Administrator Brian Baylor updated the board’s trustees on the village’s financial data during its recent meeting.

During the session, which was streamed on YouTube, Baylor covered some of the village’s financial information for the board. He pointed out that during the month of October, which marks the half-way point of the village’s fiscal year, fiscal tides were typical, with revenues of $113,355 and expenses of $94,489, some $18,000 in the black, with $14,000 put in savings.

“Look at the summary for the month,” Baylor told the board. “So, core funds (were) positive, $18,000. All business areas were positive, all utilities were positive and we had enough in total to cover our capital allocation. So that's great.”

Baylor did note during the session that new trash rates were enacted in the budget which provided a boost to the cash flow, and all areas of the budget were in the black.

Moreover, Baylor also pointed out during the session that for the first six months of the fiscal year, the village is $127,753 in the black. He also noted there were no funds or other financial figures that offered any reason for concern.

During the discussion, trustees discussed the 2022 village tax levy, with the board having approved $169,344.98 as an estimate of the levy, a 5% hike from the 2021 levy, the largest amount allowed without a public hearing. The board agreed to submit the figures to the county.