Frankfort Township Closes Fiscal Year With $2.48 Million General Fund Balance

Frankfort Township Annual Town Meeting | April 14, 2026

Article Summary: Frankfort Township’s unaudited Supervisor’s Annual Report, presented at the April 14, 2026, Annual Town Meeting, shows the General Town Fund ended the fiscal year with a balance of nearly $2.5 million after taking in more revenue than it spent. The electorate voted to approve and place the report on file.

Frankfort Township Finances Key Points:

• The General Town Fund ended the fiscal year March 31, 2026, with a balance of $2,482,799.40, up from $1,753,486.71 a year earlier.
• General Town Fund revenues totaled $2,915,108.47 against expenditures of $2,185,795.78.
• The Senior Housing Fund closed at $3,546,371.18; the township also reported a Road Fund closing balance of $894,766.73.
• Supervisor Nick George read the report aloud; the motion to approve and file it, made by Hillary Kurzawa and seconded by Jessica Kot, passed unanimously.

FRANKFORT TOWNSHIP — Supervisor Nick George presented the township’s unaudited Supervisor’s Annual Report and Summary of Accounts at the Annual Town Meeting on Tuesday, April 14, 2026, reporting a General Town Fund balance of nearly $2.5 million at the close of the fiscal year that ended March 31, 2026.

George read the report aloud, after which Hillary Kurzawa moved and Jessica Kot seconded a motion to approve and place the report on file as read. All members present voted aye, with no nays, according to the minutes.

The General Town Fund began the fiscal year April 1, 2025, with a balance of $1,753,486.71. Over the year it took in $2,915,108.47 in total revenue — including $2,807,773.26 in township revenue, $86,163.32 for the Food Pantry, $16,268.93 for the Senior Department, and $4,902.96 in the Audit category — against total expenditures of $2,185,795.78. That left an ending balance of $2,482,799.40, an increase of roughly $729,000 over the year.

Fund-by-Fund Picture

The report breaks the township’s finances into multiple funds. The Senior Housing Fund ended the year at $3,546,371.18, up modestly from its $3,530,067.09 opening balance. The General Assistance Fund, reported alongside a Road Fund line, showed a Road Fund closing balance of $894,766.73 after $2,691,197.34 in revenue and $2,703,742.08 in expenditures — a year in which the road operation spent slightly more than it brought in.

Several smaller road-related funds appear in the report with sharp year-over-year swings. The Road Insurance Fund drew down from $33,486.87 to $1,533.29 after expenditures of $585,339.31 outpaced revenues. The Road Social Security Fund grew from $35,415.96 to $89,345.33, and the Road IMRF Fund rose to $13,237.24. A Road Audit Fund that opened the year in the negative, at -$9,851.73, closed at $6,942.67.

The General Town Fund’s largest single expenditure line was salaries, at $964,770.77. Other significant payees over the year included Blue Cross/Blue Shield of Illinois at $174,180.34, Comed at $64,624.12, Harbour Contractors at $68,271.02, RWK Design at $52,291.54, and Township Officials of Illinois at $47,866. The Food Pantry, run through the General Town Fund, recorded expenditures that included $17,435.62 to the Northern Illinois Food Bank.

The report notes that, under state law (60 ILCS 1/70-15 and 1/70-30), the supervisor must prepare and file the report with the township clerk within 30 days before the Annual Town Meeting, and that the report is not required to be published in a newspaper. The figures are designated unaudited.

The report carried a handful of internal arithmetic and labeling quirks (see Editorial Flags), but the headline fund balances were stated clearly and were the figures formally approved and placed on file.