Kirkwood City Council Reviews $15.6M Budget Overrun at Kirkwood Electric
1 report, 1 independent
Updated Fri 00:00
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What happened
The Kirkwood City Council is reviewing findings from an independent forensic audit of Kirkwood Electric, the city-owned power company. The utility overshot its budget by $15.6 million last year. The council selected Plante Moran to audit the past five years of Kirkwood Electric's finances.
From timesnewspapers.com
Why it matters
The council is separating members who were involved in the 2025 overspending from those reviewing the audit to ensure integrity. This review is intended to demonstrate transparency and regain public trust regarding municipal finances in Kirkwood.
From timesnewspapers.com
Who's involved
- KirkwoodThe municipality whose city-owned utility incurred the budget overrun.
- Mark McLeanA council member who was present when the budget overspending occurred in 2025.
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The entities involved
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Chicago
city and county seat of Cook County, and largest city in State of Illinois, United States of America