HomeMy WebLinkAboutRESOLUTION - 24-17 - 4/25/2017 - Fiscal Year 2017-18 Budget RESOLUTION NO. 24-17
A RESOLUTION ADOPTING THE FISCAL YEAR 2017-18 BUDGET FOR THE
VILLAGE OF ELK GROVE VILLAGE,ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2017-18 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 2017-18 Village Budget dated April 25, 2017 in the total
amount of$135,971,206 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hereby repealed.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 25" day of April 2017.
APPROVED this 25th day of April 2017.
APPROVED:
Mayor Craig B.Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk
VILLAGE OF ELK GROVE
REVENUE SUMMARY
FY2015 FY2016 FY2017 FY2018
Fund Actuals Actuals Adjusted Budget Adopted Budget
101 -General Fund $ 55,704,764 $ 57,746,879 $ 58,065,216 $ 60,803,724
202-Emergency Management Fund $ 105,262 $ - $ - $ -
203-Motor Fuel Tax Fund $ 1,117,900 $ 850,890 $ 1,004,000 $ 884,600
204-Asset Seizure $ 2,280 $ 206,427 $ 200 $ 200
206-Foreign Fire Insurance Fund $ 111,354 $ 113,892 $ 116,750 $ 120,500
208-Business Leaders Forum Fund $ 2,604,591 $ 3,080,849 $ 2,600,000 $ 3,295,000
210-Cable Television Fund $ 434,577 $ 462,931 $ 443,500 $ 466,500
212-GREEN Fund $ 976,859 $ 1,013,334 $ 975,000 $ 913,400
301 -Capital Projects Fund $ 4,795,938 $ 2,980,430 $ 190,000 $ 7,815,000
310-Residential Enhancement Fund $ 817,567 $ 71,841 $ 78,000 $ 565,500
320-Grove Mall Redevelopment Fund $ 1,329,963 $ 1,362,207 $ 1,400,100 $ 1,000,100
321 -Devon/Rohl Redevelopment Fund $ 491,508 $ 572,500 $ 700,100 $ 650,100
322-Busse/Elm Redevelopment Fund $ 195 $ 11035 $ 15,000 $ -
402-Debt Service Fund $ 3,950,206 $ 4,111,663 $ 4,149,775 $ 4,172,115
501 -Water/Sewer Fund $ 19,053,243 $ 21,313,703 $ 21,247,500 $ 21,264,500
601 -Capital Replacement Fund $ 1,335,837 $ 1,245,091 $ 1,234,972 $ 1,353,009
721 -Firefighters Pension Fund $ 9,586,566 $ 5,805,792 $ 10,763,386 $ 9,346,250
722-Police Pension Fund $ 9,179,886 $ 5,119,059 $ 10,477,765 $ 9,033,010
Village Total $ 111,598,498 $ 106,058,522 $ 113,461,264 $ 121,683,508
290-Library_Fund $ _ 5,108,030 $ 5,208,391_$ 5,4_56,569 $ 5,608 752_
Total Village and Library $ 116,706,528 $ 111,266,912 $ 118,917,833 $ 127,292,260
Village of Elk Grove Village
Summary of Estimated Revenue by Source
Fiscal Year 2017-18
Exhibit I
Licenses and Intergovernmental Charges for Miscellaneous Non Revenue V
Funds Taxes Permits Revenue Service Fines and Forfeits Interest Income Income Receipts Village Total
101-General Fund S 45,929,744 $ 3,507,300 $ 5,146,530 $ 1,259,000 $ 1,142,200 $ 665,500 $ 770,000 S 2.383,450 S 60,803,724
203-Motor Fuel Tax Fund $ 880,600 $ 4,000 S 884,600
204-Asset Seizure $ 200 S 200
206-Foreign Fire Insurance Fund $ 120,000 $ 500 S 120,500
208-Business Leaders Forum Fund $ 3,275,000 $ 20,000 S 3,295,000
210-Cable Television Fund S 465,000 S 1,000 $ 200 S 300 S 466,500
212-GREEN Fund $ 110,()()() $ 740,400 $ 5,000 $ 58,000 S 913,400
301-Capital Projects Fund S 800,000 $ 15,000 S 7,000,000 S 7,815,000
310-Residential Enhancement Fund $ 562,500 $ 3,000 S 565,500
320-Grove Mall Redevelopment Fund S 1,000,000 $ 100 S 1,000,100
321-Devon/Rohl Redevelopment Fund $ 650,000 $ 100 S 650,100
322-Busse/Elm Redevelopment Fund S -
402-Debt Service Fund S 3,881,775 $ 3,000 S 287,340 S 4,172,115
501-Water/Sewer Fund $ 20,932,500 $ 160,000 $ 125,000 $ 7,000 S 40,000 S 21,264,500
601-Capital Replacement Fund S 50,000 S 1,303,009 S 1,353,009
721-Firefighters Pension Fund $ 3,176,320 $ 349,430 $ 5,000,500 $ 820,000 S 9,346,250
722-Police Pension Fund $ 2,889,650 $ 317,860 $ 5,000,500 $ 825,000 S 9,033,010
Village Total $ 62,187,489 $ 3,617,300 $ 6,694,420 $ 22,931,900 S 1,864,700 S 10,893,400 $ 2,480,200 $ 11,014,099 $ 1219683,508
290-Library Fund S 5,262,552 $ $ 220,500 $. 37,600_$ ....____ 67,500 $ 121100 $ 3,000 S 5,500 S 5,608,752
Total Village and Library $ 67,450,041 $ 3,617,300 S 6,9149920 $ 22,969,500 $ 1,932,200 $ 10,905,500 S 2,483,200 S 11,019,599 $ 127,292,260
PERCENT TOTAL 52.99% 2.84% 5.43% 18.04% 1.52% 8.57% 1.95% 8.66% 100.00%
VILLAGE OF ELK GROVE
EXPENDITURE SUMMARY
FY2015 FY2016 FY2017 FY2018
Fund Actuals Actuals Adjusted Budget Adopted Budget
101 -General Fund $ 55,224,969 $ 53,144,033 $ 57,509,545 $ 65,984,110
202-Emergency Management Fund $ 102,343 $ - $ - $ -
203-Motor Fuel Tax Fund $ 1,130,239 $ 1,146,557 $ 1,256,400 $ 1,492,800
204-Asset Seizure $ 10,999 $ 11,477 $ 106,657 $ 44,515
205-State Asset Seizure $ - $ - $ - $ -
206-Foreign Fire Insurance Fund $ 145,105 $ 80,351 $ 185,108 $ 122,300
208-Business Leaders Forum Fund $ 1,488,447 $ 3,671,923 $ 7,156,203 $ 5,631,526
210-Cable Television Fund $ 367,995 $ 422,427 $ 419,917 $ 589,289
212-GREEN Fund $ 1,725,661 $ 838,151 $ 946,731 $ 838,202
301 -Capital Projects Fund $ 3,248,640 $ 3,205,440 $ 6,504,046 S 7,250,000
310-Residential Enhancement Fund $ 28,876 $ 569,703 $ 753,894 $ 300,000
320-Grove Mall Redevelopment Fund $ 709,734 $ 709,442 $ 932,000 $ 1,117,000
321 -Devon/Rohl Redevelopment Fund $ 478,566 $ 558,523 $ 690,000 $ 640,000
322-Busse/Elm Redevelopment Fund $ 171,633 $ 991,201 $ 553,584 $ 415,000
402-Debt Service Fund $ 4,112,991 $ 4,125,679 $ 4,114,000 $ 4,135,685
501 -Water/Sewer Fund $ 20,430,226 $ 29,656,723 $ 45,581,986 $ 28,328,029
601 -Capital Replacement Fund $ 932,255 $ 185,571 $ 1,389,108 $ 1,037,500
721 -Firefighters Pension Fund $ 5,423,926 $ 5,900,320 $ 6,383,500 $ 6,680,500
722-Police Pension Fund $ 4,164,790 $ 4,550,305 $ 5,571,000 $ 5,756,000
Village Total $ 99,897,395 $ 109,767,825 $ 140,053,680 $ 130,362,456
290-Library_Fund $ 5,630_,581_ $ _5_,1_41,372 $ 5,456,568 $ _ 5,608,750
Total Village and Library $ 106,397,232 $ 115,605,192 $ 149,611,975 $ 135,971,206