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Pigeon receives positive audit report
Mary Drier/Mike Kaufman
Sun, 29 Sep 2024 00:57:35 EDT
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The end of the fiscal year budget showed that the village of Pigeon is in good financial shape.
Kylie Braun with Nietzke and Faupel, PC reviewed the year-end report as of Feb. 29, 2024 of the village.
The audit showed the village's general fund, unassigned fund balance increased from $1,059,142 to $1,110,856.
The sewer fund ended the year with an unassigned fund balance of $746,330. That was an increase over last year which was $718,444.
The water fund ended the year with an unassigned fund balance of $162,907. The Trunkline Fund ended the year with an unassigned fund balance of $8,045 which was an increase from last year's $4,657 balance.
Also, the village's pension liability decreased from 98.3 percent funded to 88.1 percent funded.
The village's total debt decreased by $237,548.
Overall the village "had a very good year", according to the audit report.
In other matters, the council approved spending $18,955 to have Pyramid Paving pave the horseshoe drive at Veterans Park.
