Village shifts funds from CD to water fund
Elburnâ€”The village of Elburn on Monday approved the designation of funds as â€œRetained Earnings Fundâ€ in its Water Fund account for contingencies involving radium removal.
It is required to set aside $213,000 in this fund. Currently, the fund in a Certificate of Deposit of $247,000 has come due. The plan is to reinvest the required amount and place the remaining $34,000 into the Water and Sewer capital fund.