Lake Placid fund balance is appropriate | News, Sports, Jobs - Adirondack Daily Enterprise
To the editor: Recent public comments by two of the candidates for village office suggest the current fund balance for the village is excessive and a future board should adopt policies. It is true that our village, compared to 12 years ago, is on sound financial footing. This is evidenced by the current credit rating of Aa3, exceptional for a small municipality our size with operating budgets approaching $20 million (includes general, water and sewer, and electric). Lake Placid is not a typical small municipality. It is equally true that fund balance should not be excessive as those funds es...