Vicksburg designates future funds

Vicksburg Village Council members last month designated more than $500,000 of in-hand funds to support future needs.

Village Manager Jim Mallery said the board’s designation of the funds means future councils will be able to use the money only for the purposes indicated through the resolution. This will keep village projects on track, make administrative and council changes more seamless, and provide transparency and expectations to residents, Mallery said.

The amounts and restricted fund-balance designations include:

$150,000 to the village’s tax-stabilization fund.
$65,000 dedicated to Vicksburg’s benefit-pension reserve fund.
$65,000 for DPW’s future purchases of heavy equipment.
$25,000 toward DPW’s future purchase of a pickup.
$47,500 toward the police department’s future purchase of a patrol car.
$10,500 earmarked for police communications and radios.
$55,967 for equipment the village will need at its new municipal office.
$82,000 to Parks and Recreation for unspecified purposes.

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