HomeMy WebLinkAboutRESOLUTION - 21-19 - 4/23/2019 - 2019-20 BudgetRESOLUTION NO.21-19
A RESOLUTION ADOPTING THE FISCAL YEAR 2019-20 BUDGET FOR THE
VILLAGE OF ELK GROVE VILLAGE, ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2019-20 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 2019-20 Village Budget dated April 23, 2019 in the total
amount of $139,003,750 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hereby repealed.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 23rd day of April 2019.
APPROVED this 23rd day of April 2019.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk
Village of Elk Grove Village
Summary of Estimated Revenue by Source
Fiscal Year 2019-20
Exhibit 1
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
$
43,456,976 $
3,368,000
$ 4,913,620
$ 1,870,500
$ 1,204,300
$ 973,500
$ 865,000
$ 2,617,500
$ 59,269,396
203 - Motor Fuel Tax Fund
$ 833,250
$ 10,000
$ 843,250
204 - Asset Seizure
$ 2,500
$ 2,500
206 - Foreign Fire Insurance Fund
$
125,000
$ 8,000
$ 133,000
208 - Business Leaders Forum Fund
$
3,250,000
$ 200,000
$ 3,450,000
210 - Cable Television Fund
$
465,000
$ 2,000
$ 467,000
212 - GREEN Fund
$
105,600
$ 720,000
$ 5,000
$ 55,000
$ 995,600
301 - Capital Projects Fund
$
935,000
$
$ 500,000
$ 1,435,000
310 - Residential Enhancement Fund
$ 600,000
$ 10,000
$ 610,000
320 - Grove Mall Redevelopment Fund
$
1,000,000
$ 100
$ 1,000,100
321 - Devon/Rohl Redevelopment Fund
$
600,000
$ 100
$ 600,100
322 - Busse/Ehn Redevelopment Fund
$
11,000,000
$ 2,500
$ 11,002,500
323 - Higgins Rd Redevelopment Fund
$
200,000
$ 100
$ 200,100
402 - Debt Service Fund
$
8,111,100
$ 5,000
$ 8,116,100
501 - Water/Sewer Fund
$ 20,937,500
$ 185,000
$ 1,205,000
$ 7,000
$ 30,000
$ 22,364,500
601 - Capital Replacement Fund
$ 100,000
$ -
$ 1,445,055
$ 1,545,055
721 - Firefighters Pension Fund
$
4,205,675
$ 401,430
$ 5,500,500
$ 875,000
$ 10,982,605
722 - Police Pension Fund
$
3,814,115
$ 314,425
$ 5,750,500
$ 850,000
$ 10,729,040
Village Total
$
77,162,866 $
3,473,600
$ 6,462,725
$ 23,528,000
$ 1,989,300
$ 14,274,800
$ 2,652,000
$ 4,092,555
$ 133,635,846
290 - Library Ford $ 5.806.896 $ $ 178.970 $ 36 750 $ 24.500 S 43.250 S 3.000 $ 2,600 $ 6.095966
Total Village and Library $ 82,969,762 $ 3,473,600 $ 6,641,695 $ 23,564,750 $ 2,013,800 $ 14,318,050 $ 2,655,000 $ 4,095,155 $ 139,731,812
PERCENT TOTAL 59.38% 2.49% 4.75 % 16.86% 1.44% 10.25% 1.90% 2.93% 100.00%
VILLAGE OF ELK GROVE
EXPENDITURE SUMMARY
Fund
FY2017
Actuals
FY2018
Actuals
FY2019
Adjusted Budget
FY2020
Adopted Budget
101 - General Fund
$
54,734,639
$
63,698,138
$
65,216,887
$
60,688,774
203 - Motor Fuel Tax Fund
$
1,215,913
$
1,203,371
$
1,125,000
$
933,100
204 - Asset Seizure
$
95,558
$
32,489
$
24,580
$
24,515
206 - Foreign Fire Insurance Fund
$
100,622
$
89,483
$
169,264
$
158,595
208 - Business Leaders Forum Fund
$
4,163,290
$
4,197,789
$
8,903,708
$
5,693,032
210 - Cable Television Fund
$
504,696
$
569,369
$
531,140
$
499,534
212 - GREEN Fund
$
819,702
$
734,702
$
931,299
$
924,575
301 - Capital Projects Fund
$
1,477,420
$
31,048,175
$
49,849,796
$
5,650,000
310 - Residential Enhancement Fund
$
365,245
$
288,421
$
74,250
$
354,250
320 - Grove Mall Redevelopment Fund
$
779,123
$
1,181,983
$
1,687,000
$
1,225,000
321 - Devon/Rohl Redevelopment Fund
$
478,847
$
552,790
$
505,000
$
602,000
322 - Busse/Elm Redevelopment Fund
$
14,828,939
$
6,741,263
$
10,002,200
$
9,249,995
323 - Higgins Rd Redevelopment Fund
$
-
$
5,278,165
$
200,000
$
650,000
402 - Debt Service Fund
$
4,110,041
$
26,987,147
$
8,325,571
$
8,116,100
501 - Water/Sewer Fund
$
27,314,798
$
23,651,646
$
38,862,623
$
23,478,954
601 - Capital Replacement Fund
$
860,793
$
659,208
$
3,502,836
$
1,150,760
721 - Firefighters Pension Fund
$
6,147,520
$
6,405,701
$
6,885,250
$
7,335,800
722 - Police Pension Fund
$
5,054,735
$
5,434,445
$
5,855,950
$
6,172,800
Village Total
$
123,051,882
$
178,754,285
$
202,652,353
$
132,907,784
290 - Library Fund $ 5,830,060 $ 6,053,667 $ 5,851,603 $ 6,095,966
Total Village and Library $ 128,881,942 $ 184,807,952 $ 208,503,956 $ 139,003,750
VILLAGE OF ELK GROVE
REVENUE SUMMARY
Fund
FY2017
Actuals
FY2018
Actuals
FY2019
Adjusted Budget
FY2020
Adopted Budget
101 - General Fund
$
60,870,728
$
62,716,842
$
57,607,874
$
59,269,396
203 - Motor Fuel Tax Fund
$
843,697
$
851,870
$
854,000
$
843,250
204 - Asset Seizure
$
106,319
$
28,603
$
1,550
$
2,500
206 - Foreign Fire Insurance Fund
$
127,574
$
130,873
$
127,000
$
133,000
208 - Business Leaders Forum Fund
$
4,837,529
$
4,024,519
$
3,435,000
$
3,450,000
210 - Cable Television Fund
$
461,444
$
449,481
$
466,500
$
467,000
212 - GREEN Fund
$
888,972
$
858,294
$
880,600
$
885,600
301 - Capital Projects Fund
$
280,628
$
74,126,609
$
5,930,000
$
1,435,000
310 - Residential Enhancement Fund
$
99,482
$
363,745
$
603,000
$
610,000
320 - Grove Mall Redevelopment Fund
$
879,049
$
1,435,524
$
1,500,100
$
1,000,100
321 - Devon/Rohl Redevelopment Fund
$
489,391
$
568,257
$
515,100
$
600,100
322 - Busse/Elm Redevelopment Fund
$
1,988
$
4,354,671
$
4,502,200
$
11,002,500
323 - Higgins Rd Redevelopment Fund
$
-
$
-
$
-
$
200,100
402 - Debt Service Fund
$
3,992,068
$
26,794,726
$
8,364,508
$
8,116,100
501 - Water/Sewer Fund
$
33,840,948
$
26,857,460
$
22,099,500
$
22,364,500
601 - Capital Replacement Fund
$
1,220,121
$
1,425,948
$
1,413,774
$
1,545,055
721 - Firefighters Pension Fund
$
12,442,743
$
11,705,707
$
10,580,100
$
10,982,605
722-Police Pension Fund
$
12,996,556
$
12,058,019
$
10,224,600
$
10,729,040
Village Total
$
134,379,236
$
228,751,150
$
129,105,406
$
133,635,846
290 - Library Fund $ 5,321,322 $ 5,465,781 $ 5,851,605 $ 6,095,966
Total Village and Library $ 139,700,557 $ 234,216,931 $ 134,957,011 $ 139,731,812