HomeMy WebLinkAboutRESOLUTION - 23-18 - 4/24/2018 - 2018-19 BudgetRESOLUTION NO.23-18
A RESOLUTION ADOPTING THE FISCAL YEAR 2018-19 BUDGET FOR THE
VILLAGE OF ELK GROVE VILLAGE, ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2018-19 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 2018-19 Village Budget dated April 24, 2018 in the total
amount of $147,005,964 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hereby repealed.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 2411 day of April 2018.
APPROVED this 24th day of April 2018.
APPROVED:
Mayor Craiz 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 2018-19
Exhibit 1
Licenses and Intergovernmental Charges for Miscellaneous Non Revenue
Funds Taxes Permits Revenue Service Fines and Forfeits Interest Income Income Receipts Village Total
101- General Fund
$
42,515,754 $
3,672,700 $
4,734,720 $
1,461,000
$ 1,194,000
$ 765,500
$ 732,000
$ 2,532,200
$ 57,607,874
203 - Motor Fuel Tax Fund
$
850,000
$ 4,000
$ 854,000
204 - Asset Seizure
$ I,550
$ 1,550
206 - Foreign Fire Insurance Fund
$
125,000
$ 2,000
$ 127,000
208 - Business Leaders Forum Fund
$
3,275,000
$ 160,000
$ 3,435,000
210 - Cable Television Fund
$
465,000
$ 1,000
$ 200
$ 300
$ 466,500
212 - GREEN Fund
$
I05,600
$
710,000
$ 5,000
$ 60,000
$ 880,600
301 - Capital Projects Fund
$
910,000
$ 20,000
$ 5,000,000
$ 5,930,000
310 - Residential Enhancement Fund
$ 600,000
$ 3,000
$ 603,000
320 - Grove Mall Redevelopment Fund
$
1,500,000
$ 100
$ 1,500,100
321 - Devon/Rohl Redevelopment Fund
$
515,000
$ 100
$ 515,100
322 - Busse/Elm Redevelopment Fund
$
4,500.000
$ 2,200
$ 4,502,200
323 - Higgins Rd Redevelopment Fund
$
-
$ -
402 - Debt Service Fund
$
8,106,878
$ 5,000
$ 252,630
$ 8,364,508
501 - Water/Sewer Fund
$
21,027,500
$ 185,000
$ 865,000
$ 7,000
$ 15,000
$ 22,099,500
601 - Capital Replacement Fund
$ 50,000
$ 1,363,774
$ 1,413,774
721 - Firefighters Pension Fund
$
3,961,500
$
373,500
$ 5,500,100
$ 845,000
$ 10,580,100
722 - Police Pension Fund
$
3,550,190
$
338,910
$ 5,500,500
$ 835,000
$ 10,224,600
Village Total
$
69,324,322 $
3,778,300 $
6,297,130 $
23,198,500
S 1,979,000
$ 12,885,050
$ 2,479,200
$ 9,163,904
S 129,105,406
290-Libra9. Fund __------------
$` _ 5,564,4435 �$ _._ _._. $__. _
_ 153.320_$
38,000 $
56,000 $
_ _ 33_10_0 $
_ 3,500 $
_ 3,25_0 _$
5,851,605
Total Village and Library
$ 74,888,757 S 3,778,300 $
6,450,450 $
23,236,500 S
2,035,000 $
12,918,150� S
2,482,700 $
9,167,154 S
134,957,011
PERCENT TOTAL
55.49% 2.80 %
4.78%
17.22 %
1.51%
9.57%
1.84 %
6.79%
100.00 %
VILLAGE OF ELK GROVE
EXPENDITURE SUMMARY
Fund
FY2016
Actuals
FY2017
Actuals
FY2018
Adjusted Budget
FY2019
Adopted Budget
101 - General Fund
$
53,449,762
$
54,734,639
$
66,299,752
$
64,796,527
203 - Motor Fuel Tax Fund
$
1,146,557
$
1,215,913
$
1,492,800
$
1,125,000
204 - Asset Seizure
$
193,731
$
95,558
$
44,515
$
24,580
206 - Foreign Fire Insurance Fund
$
124,122
$
100,622
$
127,410
$
169,264
208 - Business Leaders Forum Fund
$
3,671,923
$
4,163,290
$
6,874,917
$
7,256,286
210 - Cable Television Fund
$
449,939
$
504,696
$
589,289
$
528,140
212 - GREEN Fund
$
838,151
$
819,702
$
838,202
$
931,299
301 - Capital Projects Fund
$
3,205,440
$
1,477,420
$
72,210,314
$
9,640,000
310 - Residential Enhancement Fund
$
569,703
$
365,245
$
320,658
$
74,250
320 - Grove Mall Redevelopment Fund
$
709,442
$
779,123
$
1,278,475
$
1,187,000
321 - Devon/Rohl Redevelopment Fund
$
558,523
$
478,847
$
640,000
$
505,000
322 - Busse/Elm Redevelopment Fund
$
991,201
$
14,828,939
$
559,676
$
4,502,200
323 - Higgins Rd Redevelopment Fund
$
-
$
-
$
-
$
200,000
402 - Debt Service Fund
$
4,125,679
$
4,110,041
$
4,135,685
$
8,325,571
501 - Water/Sewer Fund
$
29,784,212
$
27,314,798
$
42,778,559
$
28,488,044
601 - Capital Replacement Fund
$
194,811
$
860,793
$
3,056,109
$
660,000
721 - Firefighters Pension Fund
$
5,900,320
$
6,147,520
$
6,680,500
$
6,885,250
722 - Police Pension Fund
$
4,550,305
$
5,054,735
$
5,756,000
$
5,855,950
Villa a Total
$
110,463,821
$
123,051,882
$
213,682,861
$
141,154,361
290 - Library Fund $ 5,141,372 $ 5,830,060 $ 5,608,750 $ 5,851,603
Total Village and Library $ 115,605,192 $ 128,881,942 $ 219,291,611 $ 147,005,964
VILLAGE OF ELK GROVE
REVENUE SUMMARY
Fund
FY2016
Actuals
FY2017
Actuals
FY2018
Adjusted Budget
FY2019
Adopted Budget
101 - General Fund
$
57,746,879
$
60,870,728
$
60,803,724
$
57,607,874
203 - Motor Fuel Tax Fund
$
850,890
$
843,697
$
884,600
$
854,000
204 - Asset Seizure
$
206,427
$
106,319
$
200
$
1,550
206 - Foreign Fire Insurance Fund
$
113,892
$
127,574
$
120,500
$
127,000
208 - Business Leaders Forum Fund
$
3,080,849
$
4,837,529
$
3,295,000
$
3,435,000
210 - Cable Television Fund
$
462,931
$
461,444
$
466,500
$
466,500
212 - GREEN Fund
$
1,013,334
$
888,972
$
913,400
$
880,600
301 - Capital Projects Fund
$
2,980,430
$
280,628
$
7,815,000
$
5,930,000
310 - Residential Enhancement Fund
$
71,841
$
99,482
$
565,500
$
603,000
320 - Grove Mall Redevelopment Fund
$
1,362,207
$
879,049
$
1,000,100
$
1,500,100
321 - Devon/Rohl Redevelopment Fund
$
572,500
$
489,391
$
650,100
$
515,100
322 - Busse/Elm Redevelopment Fund
$
1,035
$
1,988
$
-
$
4,502,200
323 - Higgins Rd Redevelopment Fund
$
-
$
-
$
-
$
-
402 - Debt Service Fund
$
4,111,663
$
3,992,068
$
4,172,115
$
8,364,508
501 - Water/Sewer Fund
$
21,313,703
$
33,840,948
$
21,264,500
$
22,099,500
601 - Capital Replacement Fund
$
1,245,091
$
1,220,121
$
1,353,009
$
1,413,774
721 - Firefighters Pension Fund
$
5,805,792
$
12,442,743
$
9,346,250
$
10,580,100
722 - Police Pension Fund
$
5,119,059
$
12,996,556
$
9,033,010
$
10,224,600
Village Total
$
106,058,522
$
134,379,236
$
121,683,508
$
129,105,406
290 - Library Fund $ 5,208,391 $ 5,321,322 $ 5,608,752 $ 5,851,605
Total Village and Library $ 111,266,912 $ 139,700,557 $ 127,292,260 $ 134,957,011