HomeMy WebLinkAboutRESOLUTION - 19-22 - 4/12/2022 - 2022-23 BudgetRESOLUTION NO. 19-22
A RESOLUTION ADOPTING THE FISCAL YEAR 2022-23 BUDGET FOR THE
VILLAGE OF ELK GROVE VILLAGE, ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2022-23 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 2022-23 Village Budget dated April 12, 2022 in the total
amount of $173,143,527 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hereby repealed.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: 6 NAYS: 0 ABSENT: 0
PASSED this 121h day of April 2022
APPROVED this 121h day of April 2022
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk
Village of Elk Grove Village Exhibit 1
Summary of Estimated Revenue by Source
Fiscal Year 2022-23
Funds
Taxes
Licenses and Intergovernmental
Charges for
Fines and Forfeits
Interest Income
Miscellaneous
Non Revenue
Village Total
Permits
Revenue
Service
Income
Receipts
101 - General Fund
$
47.221.189 S
4,212.500 S
7.234.619 S
2.370.000 S
887.500 S
639.215 S
755.000 S
2.581.000 $
65.90173
203 - Motor Fuel Tax Food
$
1.320.O00
S
5.000
S
1.325.000
204 - Asset Sei—
S
2,500
$
2.500
206 - Foreign Fire Insurance Fund
S
180.000
$
5.000
$
185.000
208 - Business leaders Fawn Fund
S
4.375.000
$
234.000
S
4.609,000
210 -Cable Television Food
S
420,000
$
2.000
S
422,000
212-GREEN Fund
$
105.000
S
704.000
S
500 $
50.0(8)
S
85%500
301 - Capital Projects Food
$
3.850,000
S
964.000
S
4.814,000
310 - Residential Enhi ncemcnt Fund
$
450.000 S
500
$
450.500
321 - Devon/Rohl Redevelopment Furl
S
550.000
$
100
$
550,100
322 - Busse/EM Redevelopment Food
S
26.000.000
$
50.500
S
26,050.500
323 - Higgins Rd Redevelopment Furl
S
4,600,000
S
100
S
4.600,100
402 - Debt Service Fund
$
8.103.188
$
5.000
S
8,108,188
501 - Water/Sewer Fund
$
22 381,250 $
100,000 $
1,329.571 S
5,000 S
20,000 S
23.835,821
601 - Capital Replacement Fund
$
50.000
S
2,060.494 $
2,110.494
721 - Firefighters Pension Fund
$
5,247.075
$
896,956
$
6.500.200 S
930.000
$
13,574.2.31
722 - Police Pension Fund
S
4,458.813
$
762.412
S
7.000.200 S
900.000
S
13.121.425
Village Total
S
105705,265 S
4,317,500 S
10,213A7 S
25,455.1% S
1437-5,00 S
16,788,386 S
24UJM S
4,66L,494 S
170,519-AM
290 - Libmry Fund
S
6.232.310 S
S
238 530 S
30.500 S
4 000 S
3 50 S
6(8) S
2 200 t
6 1 169(1
Total Village and Library
S
111,237,575 S
4,317,50o S
10,452,517 S
25,485,750 S
1,441,500 S
16,791,936 S
2,640,600 S
4,663,694 S
177,031,072
PERCENT TOTAL
62.841/6
2.44%
5.90%
14.40%
0.81%
9.49%
1.49%
2.63%
100.(8)oo
VILLAGE OF ELK GROVE
EXPENDITURE SUMMARY
Fund
FY2020
Actuals
FY2021
Actuals
FY2022
Adjusted Budget
FV2023
Adopted Budget
101 - General Fund
$
57,982,838
$
62,278,405
$
64,056,938
$
65,879,707
203 - Motor Fuel Tax Fund
$
769,802
$
1,145,637
$
1,849,909
$
2,010,000
204 - Asset Seizure
$
9,877
$
6,012
$
41,250
$
14,900
206 - Foreign Fire Insurance Fund
$
147,724
$
320,598
$
186,800
$
213,315
208 - Business Leaders Forum Fund
$
5,400,213
$
4,116,079
$
6,320,229
$
4,555,049
210 - Cable Television Fund
$
463,891
$
454,029
$
544,661
$
484,315
212 - GREEN Fund
$
1,038,538
$
921,568
$
1,052,741
$
946,680
301 - Capital Projects Fund
$
5,335,721
$
8,030,414
$
22,735,488
$
9,078,000
310 - Residential Enhancement Fund
$
63,806
$
97,812
$
1,851,158
$
292,500
320 - Grove Mall Redevelopment Fund
$
624,062
$
209,182
$
875,000
$
-
321 - Devon/Rohl Redevelopment Fund
$
490,154
$
472,148
$
552,000
$
479,600
322 - Busse/Elm Redevelopment Fund
$
8,081,381
$
6,661,659
$
38,716,509
$
26,088,990
323 - Higgins Rd Redevelopment Fund
$
2,296,009
$
21,238,670
$
5,262,461
$
5,034,480
325 - Oakton/Hig Redevelopment Fund
$
-
$
-
$
5,500,000
$
1,000
402 - Debt Service Fund
$
8,113,100
$
8,101,500
$
8,101,500
$
8,108,188
501 - Water/Sewer Fund
$
22,431,529
$
20,809,793
$
26,529,353
$
24,503,313
601 - Capital Replacement Fund
$
74,187
$
339,739
$
3,371,607
$
2,055,000
721 - Firefighters Pension Fund
$
7,014,095
$
7,567,478
$
7,955,800
$
8,606,000
722 - Police Pension Fund
$
6,110,687
$
6,852,413
$
7,147,800
$
8,28Q800
v wage i orai 5 131,751,099 $ 154,727,511 $ 209,017,321 $ 166,631,837
290 - Library Fund $ 5,303,484 $ 5,104,375 $ 6,366,118 $ 6,511,690
Total Village and Library $ 137,054,584 $ 159,831,887 $ 215,383,439 $ 173,143,527
VILLAGE OF ELK GROVE
REVENUE SUMMARY
Fund
FV2020
Actuals
FV2021
Actuals
FV2022
Adjusted Budget
FV2023
Adopted Budget
101- General Fund
$
60,540,956
$
62,615,252
$
63,168,680
$
65,901,023
203- Motor Fuel Tax Fund
$
1,229,769
$
2,279,609
$
1,005,000
$
1,325,000
204 - Asset Seizure
$
128,322
$
21,301
$
2,500
$
2,500
206 - Foreign Fire Insurance Fund
$
164,897
$
169,482
$
178,000
$
185,000
208 - Business Leaders Forum Fund
$
6,017,747
$
3,614,804
$
3,620,000
$
4,609,000
210 - Cable Television Fund
$
437,066
$
408,548
$
467,000
$
422,000
212 - GREEN Fund
$
888,193
$
876,735
$
897,000
$
859,500
301 - Capital Projects Fund
$
4,106,890
$
2,399,774
$
2,040,000
$
4,814,000
310 - Residential Enhancement Fund
$
597,524
$
561,740
$
501,000
$
450,500
320 - Grove Mall Redevelopment Fund
$
978,278
$
1,186,030
$
575,100
$
-
321 - Devon/Rohl Redevelopment Fund
$
553,048
$
534,497
$
600,100
$
550,100
322- Busse/Elm Redevelopment Fund
$
9,340,862
$
20,642,059
$
21,050,500
$
26,050,500
323- Higgins Rd Redevelopment Fund
$
175,899
$
23,313,686
$
5,500,100
$
4,600,100
402 - Debt Service Fund
$
8,047,022
$
8,067,686
$
8,101,500
$
8,108,188
501 - Water/Sewer Fund
$
23,832,884
$
22,128,587
$
22,841,250
$
23,835,821
601 - Capital Replacement Fund
$
1,568,828
$
144,626
$
1,722,208
$
2,110,494
721 - Firefighters Pension Fund
$
5,539,247
$
26,565,159
$
12,776,595
$
13,574,231
722 - Police Pension Fund
$
4,977,894
$
28,447,110
$
11,989,972
$
13,121,425
Village Total
$
129,125,328
$
203,9769687
$
157,036,505
$
170,519,382
290 - Library Fund $ 6,049,179 $ 6,206,866 $ 6,366,118 $ 6,511,690
Total Village and Library $ 135,174,506 $ 210,183,553 $ 163,402,623 $ 177,031,072