I was comparing liabilities to assets for township governments in McHenry County using the State Comptroller’s local government information.
The reason is that some opponents of allowing voters to abolish township government by referendum say that county government would have to absorb the liabilities of abolished township governments.
Considering the real estate owned by most township governments, that struck me as a bogus argument.
How much could the property on Route 14 where the Algonquin Township Hall and Road District building be sold for, for instance?
In any event, looking at what is reported to the State Comptroller, one can pretty quickly figure out that liabilities are not uniformly defined.
It is common knowledge, for example, that Dunham Township voters approved a million dollar bond issue to improve township roads a couple of years ago.
The Township Supervisor reported that $660,763 was still outstanding as of his 2017 report.
McHenry Township reported $64,486.
When I asked Craig Adams at The Wall exhibit Wednesday night, he thought it might be for some Highway Department equipment, but yesterday, he wrote,
“The $64,486 is an accrual for compensated absences.
“Employees are allowed to carryover 5 sick days total from year to year., ( Cannot keep more than 5 total sick days carryover in any year),
“This is what could be due if all the employees took all their carried over sick time in the same year.
“If employees leave our employ we do not pay them for unused sick time, it is just lost and then comes off our liabilities.”
What is interesting about this reported liability is that very few other townships made similar reports.