HomeMy WebLinkAboutRESOLUTION - 11-16 - 4/26/2016 - Fiscal Year Budget 2016-17RESOLUTION NO. 11-16
A RESOLUTION ADOPTING THE FISCAL YEAR 2016-17 BUDGET FOR THE
VILLAGE OF ELK GROVE VILLAGE, ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2016-17 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 2016-17 Village Budget dated April 26, 2016 in the total
amount of $118,807,220 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hereby repealed.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 2611 day of April 2016.
APPROVED this 26t1' day of April 2016.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Judith M. Keegan, Village Clerk
VILLAGE OF ELK GROVE
EXPENDITURE SUMMARY
FY2014
FY2015
FY2016
FY2017
Fund #
Actual
Actual
Adjusted Budget
Adopted Budget
%
General Fund
101
$
47,602,360
$
55,607,664
$
57,547,900
$
57,429,497
-0.21%
Emergency Management Fund
202
$
60,841
$
265,704
$
Motor Fuel Tax Fund
203
$
1,035,872
$
1,130,239
$
1,242,100
$
1,256,400
1.15%a
Foreign Fire Insurance Fund
206
$
213,057
$
205,137
$
210,480
$
211,308
0.39%
Asset Seizure Fund
207
$
156,238
$
10,999
$
214,195
$
17,115
-92.01%
Business Leaders Forum (ICRC)
208
$
1,779,883
$
1,488,447
$
7,549,109
$
4,376,557
-42.03%
Cable Television Fund
210
$
388,009
$
392,121
$
505,384
$
484,792
-4.07%
Recycling/Municipal Waste Fund
212
$
1,631,201
$
1,731,159
$
1,140,013
$
881,831
-22.65%
Capital Projects Fund
301
$
2,999,626
$
3,251,107
$
9,286;592
$
3,375,000
-63.66%
Residential Enhancement Fund
310
$
175,125
$
28,876
$
718,644
$
749,250
4.26%°
Grove Mall Redevelopment - TIF
320
$
709,665
$
709,734
$
817,000
$
897,000
9.79%
Devon/Roh1wing Redevelopment - TIF
321
$
696,845
$
478,566
$
690,000
$
690,000
0.00%
Busse/Elmhurst Redevelopment - TIF
322
$
97,436
$
171,633
$
1,415,000
$
110,034
-92.22%
Capital Projects Debt Fund
402
$
4,103,612
$
4,112,991
$
4,128,550
$
4,114,000
-0,35%
Water and Sewer Fund
501
$
15,461,345
$
16,087,555
$
57,300,467
$
25,868;368
-54.85%
Capital Replacement Fund
601
$
837,825
$
634,538
$
3,007,902
$
935,000
-68.92%
Firefighters Pension Fund
721
$
5,148,458
$
5,423,926
$
5,881,200
$
6,383;500
8.54%
Police Pension Fund
722
$
3,954,763
$
4,164,790
$
4,882,000
$
5,571,000
14.11%
Village Total
$
87,052,161
$
97,626,347
$
156,536,536
$
113,350,652
-27.59%
Elk Grove Public Library
290
$
5,889,659
$
5,872,263
$
5,407,441
$
5,456,568
0.91%
Total Village and Librar
$
92,941,820
$
103,498,610
$
161,943,977
$
118,807,220
-26.64%
VILLAGE OF ELK GROVE
REVENUE SUMMARY
FY2014
FY2015
FY2016
FY2017
Fund #
Actual
Actual
Adjusted Budget
Adopted Budget
%
General Fund
101
$
49,179,629
$
55,704,764
$
55,723,834
$
58,065,216
4.2%
Emergency Management Fund
202
$
110,485
$
105,262
$
-
$
Motor Fuel Tax Fund
203
$
969,303
$
1,117,900
$
1,004,000
$
1,004,000
0.0%
Foreign Fire Insurance Fund
206
$
106,419
$
111,354
$
116,750
$
116,750
0.0%
Asset Seizure Fund
207
$
142,194
$
2,280
$
300
$
200
-33.3%
Business Leaders Forum (ICRC)
208
$
2,293,315
$
2,604,591
$
2,600,000
$
2,600,000
0.0%
Cable Television Fund
210
$
451,948
$
434,577
$
422,500
$
443,500
5.0%
Recycling/Municipal Waste Fund
212
$
974,933
$
976,859
$
973,000
$
975,000
0.2%
Capital Projects Fund
301
$
2,332,864
$
4,796,738
$
2,190,000
$
190,000
-91.3%
Residential Enhancement Fund
310
$
53,767
$
817,567
$
75,500
$
78,000
3.3%
Grove Mall Redevelopment - TIF
320
$
1,147,481
$
1,329,963
$
1,330,000
$
1,400,100
5.3%
Devon/Rohlwing Redevelopment - TIT
321
$
709,142
$
491,508
$
700,000
$
700,100
0.0%
Busse/Elmhurst Redevelopment - TIF
322
$
-
$
195
$
15,000
$
15,000
0.0%
Capital Projects Debt Fund
402
$
3,933,469
$
3,950,206
$
4,164,013
$
4,149,775
-0.3%
Water and Sewer Fund
501
$
18,009,293
$
19,053,243
$
20,395,000
$
21,247,500
4.2%
Capital Replacement Fund
601
$
706,002
$
1,335,837
$
993,937
$
1,234,972
24.3%
Firefighters Pension Fund
721
$
8,884,193
$
9,586,566
$
9,888,012
$
10,763,386
8.9%
Police Pension Fund
722
$
8,275,825
$
9,179,886
$
10,019,800
$
10,477,665
4.6%
Village Total
$
98,280,262
S
111,599,298
$
110,611,646
$
113,461,164
2.6%
Elk Grove Public Library
290
$
5,889,680
$
5,108,030
$
5,407,441
$
5,456,569
0.9%
Total Village and Library
$
104,169,942
$
116,707,328
$
ll6,019,087
$
11,8,917,733
2.5%