HomeMy WebLinkAboutRESOLUTION - 24-21 - 4/13/2021 - Fiscal Year 2021-22 Budget (2)RESOLUTION NO.24-21
A RESOLUTION ADOPTING THE FISCAL YEAR 2021-22 BUDGET FOR THE
VILLAGE OF ELK GROVE VILLAGE, ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2021-22 fiscal year; and
WHEREAS, the maintenance of a financially strong local government requires that a
balanced budget be adopted to provide for the delivery of services to the community.
NOW, THEREFORE, BE IT RESOLVED, by the Mayor and Board of Trustees of the
Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois as follows:
Section 1: That the Fiscal Year 2021-22 Village Budget dated April 13, 2021 in the total
amount of $170,445,820 as indicated in the attached Revenue and Expenditure Summary
Comparisons, is hereby adopted.
Section 2: That all resolutions or parts of resolutions in conflict with this Resolution are
hereby repealed.
Section 3: That this Resolution shall be in full force and effect from and after its
adoption, approval and publication form as provided by law.
VOTE: AYES: 5 NAYS: 0 ABSENT: 1
PASSED this 13th day of April 2021.
APPROVED this 13th day of April 2021.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk By: Jennifer S. Mahon, Deputy Village Clerk
Village of Elk Grove Village Exhibit 1
Summary of Estimated Revenue by Source
Fiscal Year 2021-22
Licenses and Intergovernmental Charges for Miscellaneous Non Revenue
Funds Taxes Permits Revenue Service Fines and Forfeits Interest Income Income Receipts Village Total
101 -General Fund
$
46,335,231 $
4,095,100 $
5,696,399 $
1,821,750
$ 947,500
$ 766,700
$ 877,000
$ 2,629,000
$ 63,168,680
203 - Motor Fuel Tax Fund
$
1,000,000
$ 5,000
$ 1,005,000
204 - Asset Seizure
$ 2,500
$ 2,500
206 - Foreign Fire Insurance Fund
$
170,000
$ 8,000
$ 178,000
208 - Business Leaders Forum Fund
$
3,340,000
$ 280,000
$ 3,620,000
210 - Cable Television Fund
$
465,000
$ 2,000
$ 467,000
212 - GREEN Fund
$
110,000
$
732,000
S 5,000
$ 50,000
$ 897,000
301 - Capital Projects Fund
$
960,000
$ 1,080,000
$ 2,040,000
310 - Residential Enhancement Fund
$ 500,000
$ 1,000
$ 501,000
320 - Grove Mall Redevelopment Fund
$
575,000
$ 100
$ 575,100
321 - Devon/Rohl Redevelopment Fund
$
600,000
$ 100
$ 600,100
322 - Busse/Elm Redevelopment Fund
$
21,000,000
$ 50,500
$ 21,050,500
323- Higgins Rd Redevelopment Fund
$
3,500,000
$ 100
$ 2,000,000
$ 5,500,100
402 - Debt Service Fund
$
8,096,500
$ 5,000
$ 8,101,500
501 - Water/Sewer Fund
$
21,336,250
$ 110,000
$ 1,370,000
$ 5,000
$ 20,000
$ 22,841,250
601 - Capital Replacement Fund
$ 50,000
$ 1,672,208
$ 1,722,208
721 - Firefighters Pension Fund
$
5,385,835
$
460,560
$ 6,000,200
$ 930,000
$ 12,776,595
722 - Police Pension Fund
s
4,311,983
$
352,789
$ 6,400,200
$ 925,000
$ 11,989,972
Village Total
$
94,739,549 $
4,205,100 S
7,509,748 $
23,890,000
$ 1,557,500
$ 16,026,400
$ 2,787,000
$ 6,321,208
$ 157,036,505
290 - Library Fund
S
6.132.328 $
$
202.290 $
16.000
$ 4.000
$ 9.100
$ 350
$ 2.050
$ 6.366,118
Total Village and Library
$
100,871,877 $
4,205,100 $
7,712,038 $
23,906,000
$ 1,561,500
$ 16,035,500
$ 2,787,350
$ 6,323,258
$ 163,402,623
PERCENT TOTAL
61,73%
2.57%
4.72%
14.63%
0.96%
9.81%
1,71%
3.87%
100.00%
VILLAGE OF ELK GROVE
EXPENDITURE SUMMARY
Fund
FY2019
Actuals
FY2020
Actuals
FY2021
Adjusted Budget
FY2022
Adopted Budget
101 - General Fund
$
60,853,670
$
57,982,838
$
66,160,203
$
63,434,485
203 - Motor Fuel Tax Fund
$
1,033,772
$
769,802
$
1,300,000
$
1,499,885
204 - Asset Seizure
$
7,957
$
9,877
$
44,880
$
41,250
206 - Foreign Fire Insurance Fund
$
141,278
$
147,724
$
390,187
$
186,800
208 - Business Leaders Forum Fund
$
3,244,707
$
5,400,213
$
6,682,657
$
5,125,040
210 - Cable Television Fund
$
497,225
$
463,891
$
533,739
$
544,661
212 - GREEN Fund
$
800,531
$
1,038,538
$
1,083,991
$
1,048,630
301 - Capital Projects Fund
$
35,361,028
$
5,335,721
$
12,782,712
$
7,745,750
310 - Residential Enhancement Fund
$
33,929
$
63,806
$
424,250
$
1,096,250
320 - Grove Mall Redevelopment Fund
$
1,251,695
$
624,062
$
1,225,000
$
875,000
321 - Devon/Rohl Redevelopment Fund
$
560,875
$
490,154
$
552,000
$
552,000
322 - Busse/Elm Redevelopment Fund
$
6,312,066
$
8,081,381
$
12,075,894
$
27,996,700
323 - Higgins Rd Redevelopment Fund
$
12,760,490
$
2,296,009
$
3,171,327
$
5,262,461
402 - Debt Service Fund
$
8,324,370
$
8,113,100
$
8,107,000
$
8,101,500
501 - Water/Sewer Fund
$
17,340,156
$
22,431,529
$
31,533,219
$
24,060,690
601 - Capital Replacement Fund
$
7,499
$
74,187
$
2,393,716
$
1,405,000
721 - Firefighters Pension Fund
$
6,752,576
$
7,014,095
$
7,445,800
$
7,955,800
722 - Police Pension Fund
$
5,849,062
$
6,110,687
$
6,602,800
$
7,147,800
Village Total
$
161,132,888
$
126,447,615
$
162,509,375
$
164,079,702
290 - Library Fund $ 5,719,721 $ 5,303,484 $ 6,294,792 $ 6,366,118
Total Village and Library $ 166,852,608 $ 131,751,099 $ 168,804,167 $ 170,445,820
VILLAGE OF ELK GROVE
REVENUE SUMMARY
Fund
FY2019
Actuals
FY2020
Actuals
FY2021
Adjusted Budget
FY2022
Adopted Budget
101 - General Fund
$
59,338,561
$
60,549,646
$
63,435,078
$
63,168,680
203 - Motor Fuel Tax Fund
$
849,651
$
1,229,769
$
1,010,000
$
1,005,000
204 - Asset Seizure
$
34,933
$
128,322
$
5,000
$
2,500
206- Foreign Fire Insurance Fund
$
143,937
$
164,897
$
170,000
$
178,000
208 - Business Leaders Forum Fund
$
3,579,076
$
6,017,747
$
3,525,000
$
3,620,000
210 - Cable Television Fund
$
448,267
$
437,066
$
467,500
$
467,000
212 - GREEN Fund
$
913,086
$
888,193
$
887,600
$
897,000
301 - Capital Projects Fund
$
20,834,455
$
4,106,890
$
2,137,122
$
2,040,000
310 - Residential Enhancement Fund
$
453,390
$
597,524
$
605,000
$
501,000
320 - Grove Mall Redevelopment Fund
$
986,794
$
978,278
$
1,200,100
$
575,100
321 - Devon/Rohl Redevelopment Fund
$
577,336
$
553,048
$
600,100
$
600,100
322 - Busse/Elm Redevelopment Fund
$
9,502,611
$
9,340,862
$
11,050,500
$
21,050,500
323 - Higgins Rd Redevelopment Fund
$
178,187
$
175,899
$
1,200,100
$
5,500,100
402 - Debt Service Fund
$
8,178,006
$
8,047,022
$
8,109,500
$
8,101,500
501 - Water/Sewer Fund
$
26,797,032
$
23,832,884
$
25,667,250
$
22,841,250
601 - Capital Replacement Fund
$
1,505,670
$
1,568,828
$
1,617,208
$
1,722,208
721 - Firefighters Pension Fund
$
10,124,054
$
5,539,247
$
11,989,532
$
12,776,595
722 - Police Pension Fund
$
10,136,785
$
4,977,894
$
11,504,989
$
11,989,972
Village Total
$
154,581,832
1 $
129,134,018
$
145,181,579
$
157.036,505
290 - Library Fund $ 5,759,582 $ 6,049,179 $ 6,294,792 $ 6,366,118
Total Village and Library $ 160,341,414 $ 135,183,197 $ 151,476,371 $ 163,402,623