Category: Kronenwetter Finances

Our new interim Finance Director, John Jacobs, found a $1,223,358 mistake in the 2024 and 2025 Village budget presentations and in the resulting 2024 and 2025 Village tax levy. It is important to note that a) there is no indication of fraud or missing funds and b) the mistake in the budget presentation was not…

A good friend of mine wrote this post to help explain the data in my last 2 posts.

Series: Kronenwetter Faces Difficult Decisions in 2025 Budget – Part 2. At least $2,503,721 of the listed $3,426,215 Total General Fund Balance doesn’t actually currently exist. NOTE: Numbers in parenthesis are negative numbers: i.e. (2,503,721) is a negative 2,503,721. Of the $3,426,215 stated total General Fund Balance, $2,663,339 is “Nonspendable”, because most of the funds…

Series: Kronenwetter Faces Difficult Decisions in 2025 Budget – Part 1. The unassigned Fund Balance amount is the funds that are available for cash flow and working capital purposes. Budgeted Expenditures and Unassigned Fund Balance – 2019 to 2023 Next up in Series: Kronenwetter Faces Difficult Decisions in 2025 Budget – Part 2: A look…