HomeMy WebLinkAboutRESOLUTION - 15-15 - 4/28/2015 - 2015-16 BUDGETRESOLUTION NO. 15-15
A RESOLUTION ADOPTING THE FISCAL YEAR 2015-16 BUDGET FOR THE
VILLAGE OF ELK GROVE VILLAGE. ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2015-16 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 2015-16 Village Budget dated April 28, 2015 in the total
amount of $118,609,607 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hereby repealed.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 28th day of April 2015.
APPROVED this 28th day of April 2015.
APPROVED:
Mavor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
BudretRcsolution 21115-16
VILLAGE OF ELK GROVE"
EXPENDITURE SUMMARY
F1'2013
F1'2014
FY2015
FY2016
Fund #
Actual
Actual
Adjusted Budget
Adopted Budget
General Fund
101
$ 43,387.173
S
47,602,360
$
57.752.286
$
57,220,911
-0.92%1
Eumigcncv Management Fund
202
$ 61.764
$
60.841
$
123.967
$
-
-100.00%
Motor Fuel Tax fund
203
S 812.713
$
1-035.872
$
1,204,000
$
1.241100
3.161,.
Recycling/Municipal Waste Fund
206
S 1.194.207
$
1,631.201
1 S
1,692,453
$
1.140.013
-32.64'%
Asset SclZUre Fund
207
$ 9.233
S
156,238
$
16,895
$
214,195
1167.80%
Industrial/Commercial Revimli'ration Fund
208
$ 2.823.494
$
1.779,883
$
4,373,289
$
6.401.726
4658%
Foreign Fire Insurance Fund
209
$ 78-104
$
213,057
$
354,830
$
210,480
-40.68%
Cable Television Fund
210
$ 378206
$
388,009
$
483-683
$
446,154
-7.76%
Capital Projects Fund
3111
$ 1.166.832
$
2.999,626
$
7.632.795
$
5.089.700
-3352%
Grove Mall Redevelopment - TIF
302
$ 723.716
$
709.665
S
767.000
$
9IZ000
652%
Devon/Roldwing Rcdcvclopmcnt - TIF
303
$ 620.146
$
696.845
$
690.000
$
690,000
0.001%
Residential Enhancement Fund
304
$ 78,537
$
1 75- 125
$
1,179,148
$
362,750
-6924%
Busse/Elndmrst Rcdcvclopmcnt - TIP
305
$ -
S
97.436
$
1,415,000
$
1.415,000
400%
Capil:d Projects Debt Fund
402
$ 37.862.579
$
4,103,612
$
6,304120
$
4,128,550
-34.47%
Water and Sewer Fund
501
$ 13.019.910
$
15.461.345
$
59.273.407
$
21.137.054
-64.349
Capital licplacement Fund
601
$ 508.598
$
837.825
$
2.488.384
$
1,923,333
-22.7 PA
Firelighters Pension Fund
721
$ 4.915.263
$
5.148.458
$
5.629200
$
5.881.200
4.48'%
Police Pension Fund
722
$ 3.601.318
$
3,954,763
$
4,629,000
$
4,882,000
5.47"5,
Village Total
S 111,241,793
S
87,052,161
S
156,005,457
S
113,202,166
-27.44%
Elk Grovc Public Library
204
$ 5.182942
$
5,889.659
$
5,752416
$
5,407,441
1 -6.00%
"total Village and Library
S 116,424,735
S
92,941,820
S
161,757,873
S
118,609,607
1 -26.67%
VILLAGE OF ELK GROVE
REVENUE SUMMARY
FY2013
F1'20 W
1--l72015
FV2016
Fund #
Actual
Actual
Adjusted Budget
Adopted Budget
'%
General Fund
101
$
44.667,368
$
49.179,629
$
52,936,745
$
55.723,834
5.26%
Emergency Management Fund
202
$
126.233
$
110.485
$
110,450
$
-
-100.00%
Motor Fuel Tax Fund
203
$
941.943
$
969.303
$
1-704.000
$
1,004-000
-41.089.
Recycling/Municipal Waste Fund
206
S
1.568.780
$
974.933
$
970.000
S
973,000
031
Asset Seizure Fund
207
$
5.999
$
142.194
$
300
S
300
0.00%
Industrial/Commercial Revitalization Fund
208
$
2.793283
S
2293,315
$
2.410.000
$
2,600,000
7.88%
Foreign Fire Insurance Fund
209
$
114,309
S
106,419
$
116,750
$
116,750
000%
Cable 'I'elevision Fund
210
$
406,637
$
451,948
$
405,000
$
422,500
432%
Capital Prgjecls Fund
301
S
2.843.544
$
2332.864
$
3,675,000
$
2,190.000
-40.41%
Grove Mall Redevelopment - 'FIT
302
S
1.110,419
$
1.147.481
$
1,150,000
$
1,330.000
15.65%
Devon/Rahhving Redevelopment -TIF
303
S
631.829
$
709,142
S
700.000
$
700,0011
0.00%
Residential Hnhancement Fund
304
$
62.820
$
53.767
$
825.500
$
75.500
90.85%
Busse/Elmhurst lZedevclopment-TIF
305
$
-
$
-
$
15,000
S
15.000
0.00%
Capital Projects Debt Fund
402
$
37-852.217
$
3,933,469
$
6,340,000
$
4-164.013
-3432%
Water and Suver Fund
501
$
15.55600
$
18.009.293
$
18.604,000
$
20,395,000
9.63%
Capital Replacement Fund
601
$
769.237
$
706-002
S
1,017.173
$
993,937
-2.M%
Firelighters Pension Fund
721
$
8.075.228
$
8.884.193
$
9.353.088
$
9,888.012
5.72%
Police Pension Fund
722
S
7.908.313
$
8.275.825
S
9.600 758
S
10.019,800
4.36%
Village Total
S
125,434,839
$
98,280,262
S
109,933,764
$
110,611,646
0.62%
Elk Grove Public Library
204
$
5313765
$
5.889.680
$
5,752,903
$
5,407,441
-6.01%
Total Village :Ind Library
S
130,748,604
S
104,169,942
S
115,686,667
$
116,019,087
0,29%