Village shifts funds from CD to water fund

By on November 19, 2010

Elburn—The village of Elburn on Monday approved the designation of funds as “Retained Earnings Fund” 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.