Jul 23, 2025
Fredonia Treasurer Erlyssa LeBeau said the village closed the latest fiscal year with a negative net income of $224,677.
Fredonia is still in a financial hole.
The village’s general fund closed the 2024-25 fiscal year with a negative net income of $224,677, Treasurer Erlyssa LeBeau reported at Monday’s Board of Trustees meeting.
Fredonia’s fund balance is “in the red,” as well. LeBeau reported it as minus $362,626.
The $224,677 shortfall in the budgetary general fund is actually an improvement from a LeBeau report in early June. At that time, the deficit was $319,229. LeBeau’s report back then covered village finances through the end of April. The 2024-25 fiscal year ended May 31.
Fredonia had to do a Revenue Anticipation Note in February to fund itself through the end of the fiscal year. The note was authorized by trustees to be up to $825,000.
The village ended the year with $7,513,561 in expenditures against $7,288,884 in revenue.
Those numbers don’t include the separate water and sewer funds. LeBeau had mixed news on those: the water fund is turning a profit but the sewer fund is running a deficit.
The water fund closed 2024-25 with $2,111,147 in revenue against $1,858,342 in expenses, putting it “in the black” by $252,806. There is a fund balance of $864,697.
Sewer fund revenue was $1,873,722, while expenditures hit $1,980,174, for a negative net income of $106,452. The fund balance is $678,274.
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