Picture of beach with Village of Grand Beach Homepage logo
 

FINANCIAL AUDIT INFORMATION


Village Audit for Fiscal Year Ending October 31, 2015
At the February 17, 2016 council meeting, the Village received favorable reviews from Village Auditor, Kevin Raade of Kruggel, Lawton & Company. The Village’s former auditing firm Schaffer & Layher merged with Kruggel, Lawton & Company earlier this year.  

Raade told the council that the Village is in a very healthy position financially with approximately 18 months of fund balance.

The fund balance is up $121,009 for the year.

The Water Fund generated a $41,000 profit for the year, and the Golf Fund had a $21,000 profit this year. 

IMPROVEMENTS AND EQUIPMENT PURCHASED 

* The Village contracted to create a brick walkway at the Lake Park Beach lookout area.  This walkway will be helpful for those people that might have a difficult time walking in the sand, or for those in a wheelchair that want to go to the viewing deck to see the sunset. 

* East Arnold and the golf course parking lot were paved this year.

* Purchased a new 2015 Ford Explorer Police vehicle.

* Purchased a new 2015 F-250 Ford pick-up truck.

* The maintenance department rebuilt several sets of beach stairs that were lost to a storm the previous fall.
TOP OF PAGE

Village Audit for Fiscal Year Ending October 31, 2014
At the March 18, 2015 council meeting, the Village received favorable reviews from Village Auditor, Kevin Raade of Schaffer & Layher. Raade told the council that the Village is in a very healthy position financially with approximately 15 months of fund balance. 

The Water Fund generated a $16,000 profit for the year, and the Golf Fund had a $26,000 profit this year. 

The winter expenses in the Street Funds were up about 20% for the year with the bad winter. 

• The Village purchased a new F-450 Dump Truck with a Plow. 

• The Parks and Recreation Committee created a 5-year Park and Recreation Plan with a 
grant from The Pokagon Fund. 
TOP OF PAGE

Village Audit for Fiscal Year Ending October 31, 2013
At the February 19, 2014 council meeting, the Village received favorable reviews from Village Auditor, Kevin Raade of Schaffer & Layher. Raade told the council that the Village is in a very healthy position financially with approximately 12 months of fund balance. Raade said that the General Fund’s Fund Balance has increased slightly, with revenue and expenses consistent with last year. 

Projects Completed During the Year 

• Kitchen, bathroom and lighting update in rental hall with a generous grant from The Pokagon Fund and Village funds. 

• Purchased new radios for the maintenance department to communicate with each other, the police department and the clerk’s office. 

• Purchased a new squad car. 

• Paved Howard Avenue and a portion of Grand Beach Road past the arch. 

• Exterior of the water tower was cleaned. 

• Upgraded four of the rental carts for the golf course.
TOP OF PAGE

Village Audit for Fiscal Year Ending October 31, 2012
At the February 2013 council meeting, the Village received favorable reviews from Village Auditor, Kevin Raade of Schaffer & Layher. Raade told the council that the Village is in a very healthy position financially with approximately 12 months of fund balance. 

He added that one significant change during the year was in the Water Fund as the Village was able to pay off a note early in the amount of $221,000 at a 5% interest rate. Paying off the note early will save the Village approximately $77,000 in interest over the next 10 years. 

Projects Completed During the Year 

• Built a viewing platform on Lake Park Drive 

• Built the Lee Point beach easement on Lake Park Drive with a generous donation from Grand Beach Land Development who donated the property for the easement, and the funds to build the walkway. 

• Drainage project in Fifteen Acres Subdivision 

• New asphalt on basketball court 

• Generator installed at the maintenance garage to run the water department, maintenance building and police department during a power outage thanks to a generous grant from The Pokagon Fund 

• Purchased an 800 MHz radio for the lifeguard’s use with a generous grant from The Pokagon Fund 

• Emergency water connection with Michiana in case of problems with the main water transmission line 

• Paved a portion of Fairway Drive
TOP OF PAGE