HomeMy WebLinkAboutRESOLUTION - 28-07 - 4/24/2007 - ADOPT 2007/08 BUDGETRESOLUTION NO. 28-07
A RESOLUTION ADOPTING THE 2007/08 BUDGET FOR THE VILLAGE OF ELK
GROVE VILLAGE, COUNTIES OF COOK AND DUPAGE, ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2007/08 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 2007/08 Village Budget dated April 24, 2007 in the total amount of
$78,824,346, 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hereby repealed.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 passage,
approval and publication form as provided by law.
VOTE: AYES: 6 NAYS: 0 ABSENT: 0
PASSED this 24th day of April 2007
APPROVED this 24" day of April 2007
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Ann I. Walsh, Village Clerk
PUBLISHED this 27th day of April 2007 in pamphlet form.
Ree/Budget Rc1olution2007 08uuachrnentexccllSudgclApiil2U07
VILLAGE OF ELK GROVE
REVENUE SUMMARY
FY2005
FY2006
FY2007
FY2008
Fund #
Actual
Actual
Adjusted Budget
Adopted Budget
General Fund
101
$
33,702,328
$
37,569,720
$
37,355,757
$
38,756,212
Emergency Management Fund
202
$
56,964
$
107,212
$
78,100
$
95,205
Motor Fuel Tax Fund
203
$
1,036,850
$
1,042,265
$
1,010,000
s
1,040,000
Municipal Purpose Fund
205
$
1,628
$
4,696
$
2,000
$
-
Recycling/Municipal Waste Fund
206
$
987,210
$
991,858
$
979,750
$
998,250
Asset Seizure Fund
207
$
2,199
$
5,547
$
31,500
$
126,938
Industrial/Commercial Revitalization Fund
208
$
2,374,431
$
3,863,498
$
2,010,000
$
4,535,000
Foreign Fire Insurance Fund
209
$
112,252
$
123,991
$
105,000
$
110,000
Cable Television Fund
210
$
280,165
$
288,867
$
292,500
$
312,700
Legal Defense Trust Fund
211
$
1,348,266
$
1,419,121
$
$
1,000,000
Capital Projects Fund
301
$
1,408,677
$
1,628,261
$
116,000
$
300,000
Grove Mail Redevelopment - TIF
302
$
760,771
$
944,769
$
850,000
$
850,000
Devon/Rohlwing Redevelopment - TIF
303
$
6,378
$
36,507
$
50,000
$
50,000
Residential Enhancement Fund
304
$
21,350
-$
193,631
$
15,000
$
15,000
Capital Projects Debt Fund
402
$
3,333,783
$
2,860,327
$
2,824,388
$
2,931,699
Water and Sewer Fund
501
$
8,299,032
$
9,694,683
$
9,526,150
$
10,007,350
Capital Replacement Fund
601
$
560,069
$
575,089
$
624,973
$
760,403
Firefighters Pension Fund
721
$
3,583,649
$
4,985,709
$
3,804,865
$
3,889,225
Police Pension Fund
722
$
4,198,380
$
3,883,374
$
3,858,244
$
3,947,370
Village Total
$
62,074,382
$
70,219,125
$
63,534,227
$
69,725,352
Elk Grove Public Library
204
s
3,803,702
$
4,089,084
S
4,615,253
s
4,963,160
Total Village and Libra
$
_15 878,084
$
74,308,209
$
68,149,480
$
74,688,512
VILLAGE OF ELK GROVE
EXPENDITURE SUMMARY
FY2005
FY2006
FY2007
FY2008
Fund N
Actual
Actual
Adjusted Budget
Adopted Budget
General Fund
101
$
33,092,393
$
34,137,756
$
37,059,702
$
38,706,237
Emergency Mana ementFund
202
$
65,335
$
123,847
$
94,077
$
97,935
Motor Fuel Tax Fund
203
$
1,453,381
$
1,196,207
$
1,441,493
$
1,134,870
Municipal Purpose Fund
205
$
-
$
-
$
80,000
$
Recycling/Municipal Waste Fund
206
$
772,269
$
799,957
$
887,350
$
812,400
Asset Seizure Fund
207
$
6,873
$
7,198
$
320,470
$
212,974
Industrial/Commercial Revitalization Fund
208
$
4,797,001
$
4,358,917
$
12,142,743
$
7,320,132
Foreign Fire Insurance Fund
209
$
47,361
$
30,628
$
124,060
$
350,650
Cable Television Fund
210
$
216,464
$
233,348
$
257,225
$
285,826
Legal Defense Trust Fund
211
$
2,512,288
$
3,320,460
$
1,000,000
$
2,000,000
Capital Projects Fund
301
$
3,135,744
$
1,872,429
$
3,799,448
$
944,700
Grove Mall Redevelopment - TIF
302
$
329,699
$
329,663
$
332,000
$
332,000
Devon/Rohlwing Redevelopment - TIF
303
$
4,531,851
$
43,455
$
300,000
$
110,000
Residential Enhancement Fund
304
$
27,095
$
215,578
$
315,000
$
310,000
Capital Projects Debt Fund
402
$
3,311,086
$
2,795,614
$
2,800,230
$
2,808,000
Water and Sewer Fund
501
$
9,123,037
$
9,517,227
$
14,324,209
$
12,461,653
Capital RelacementFund
601
$
416,173
$
414,459
$
804,108
$
433,050
Firefighters Pension Fund
721
$
2,582,066
$
2,818,330
$
3,225,000
$
3,364,200
Police Pension Fund
722
$
1,566,297
$
1,682,685
$
2,025,000
$
2,246,000
Village Total
$
67,986,413
$
63,897,758
$
81,332,115
$
73,930,627
Elk Grove Public Library
204
$
3,747,857
$
3,330,303
$
4,452,705
$
4,893,719
Total Village and Libra
$
71,734,270
$
67,228,061
$
85,784,820
$
78,824,346