Budget/Financial Reports

Notes on 10/21/2021 Financial Report amendments:

• November 2020 – July 2021 – Financial Reports included an error where revenues recorded in October 2020 remained in the “Current Month” column rather than shifting to the “Year to Date” column. This error did not affect any other section or calculation on the Financial Report. 
• January 2021 – June 2021 – Financial Reports included a calculation error in the Budget Reserve field due to an incorrect spreadsheet formula in January 2021. This error affected the calculation of the budget reserve and, as a result, showed the Village’s unallocated funds as lower than they were in actuality. 
• June 2021 – July 2021 – TexPool interest was entered at $5.16 instead of the correct amount of $5.14 on the June 2021 Financial Report.  This error affected the TexPool ending balance  on June and July 2021 Financial Reports. 
• August 2021 – Financial Report showed Meter Deposit/Connection fee revenues of $300 as Water Billing revenues. This error did not affect any other section or calculation on the Financial Report.