Swansea’s village attorney has completed an investigation into recent allegations by a Board of Trustees member that officials have been mishandling the village’s general reserve fund.
Attorney John Kurowski concluded in his report that Trustee Brian Thouvenot had overstated the issue at board meetings and in Facebook posts, and that there was no need for an independent “forensic audit,” as Thouvenot had requested.
Thouvenot’s primary concern was that the village had built up its reserve fund, which functions like a savings account, to about eight months’ worth of annual revenue or expenditures in recent years. That is despite a 2011 ordinance that caps the fund at four months…