The OBSERVER’s View: Faltering Fredonia keeps leaking cash
You do not need to have a background in accounting to understand the troubles that continue with the village of Fredonia’s finances. Besides having a negative fund balance that is near $1 million, two of its major revenue sources are struggling. According to figures announced at a meeting earlier this month, the water and sewer funds both spent more than they took in for 2025-26, according to the treasurer's figures. Year-end revenue for the water fund was $2,190,004 against $2,540,000 in expenses. That comes out to a net income of minus $349,996. The fund balance in place registered ...