HomeMy WebLinkAboutRESOLUTION - 23-20 - 4/14/2020 - 2020-21 BudgetRESOLUTION NO.23-20
A RESOLUTION ADOPTING THE FISCAL YEAR 2020-21 BUDGET FOR THE
VILLAGE OF ELK GROVE VILLAGE, ILLINOIS
WHEREAS, a budget has been prepared and reviewed to provide Village services for the
2020-21 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 2020-21 Village Budget dated April 14, 2020 in the total
amount of $151,587,401 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hereby repealed.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 14th day of April 2020.
APPROVED this 14th day of April 2020.
APPROVED:
Mayor Craig B. Johnson
Village of Elk Grove Village
ATTEST:
Loretta M. Murphy, Village Clerk
Village of Elk Grove Village Exhibit 1
Summary of Estimated Revenue by Source
Fiscal Year 2020-21
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
$
45,736,033
$ 3,597,300
$ 6,225,245
$ 1,873,000
$ 1,172,100
$ 1,341,900
$ 874,500
$ 2,615,000
$ 63,435,078
203- Motor Fuel Tax Fund
$ 1,000,000
$ 10,000
$ 1,010,000
204 - Asset Seizure
$ 5,000
$ 5,000
206- Foreign Fire Insurance Fund
$
160,000
$ 10,000
$ 170,000
208 - Business Leaders Fonun Fund
$
3,275,000
$ 250,000
$ 3,525,000
210 - Cable Television Fund
$
465,000
$ 2,500
$ 467,500
212 - GREEN Fund
$ 105,600
$ 720,000
$ 10,000
$ 52,000
$ 887,600
301 - Capital Projects Fund
$
935,000
$ 1,202,122
$ 2,137,122
310 - Residential Enhancement Fund
$ 600,000
$ 5,000
$ 605,000
320 - Grove Mall Redevelopment Fund
$
1,200,000
$ 100
$ 1,200,100
321 - Devon/Rohl Redevelopment Fund
$
600,000
$ too
$ 600,100
322 - Busse/Elm Redevelopment Fund
$
11,000,000
$ 50,500
$ 11,050,500
323 - Higgins Rd Redevelopment Fund
$
200,000
$ 100
$ 1,000,000
$ 1,200,100
402 - Debt Service Fund
$
8,099,500
$ 10,000
$ -
$ 8,109,500
501- Water/Sewer Fund
$ 21,381,250
$ 185,000
$ 1,262,000
$ 7,000
$ 2,832,000
$ 25,667,250
601 - Capital Replacement Fund
$ 100,000
$ 1,517,208
$ 1,617,208
721 - Firefighters Pension Fund
$
4,742,092
$ 596,940
$ 5,750,500
$ 900,000
$ 11,989,532
722 - Police Pension Fund
$
3,778,469
$ 451,020
$ 6,400,500
$ 875,000
$ 11,504,989
Village Total
$
80,191,094
$ 3,702,900
$ 8,273,205
$ 23,974,250
$ 1,957,100
$ 16,410,322
$ 2,708,500
$ 7,964,208
$ 1459181,579
290 - Library Fund
$
5.995302
$ -
$ 224.940
$ 36.750
$ 5.500
$ 25.100
S 4 100
5 1 100
6 94 79
Total Village and Library
$
86,186,396
$ 3,702,900
$ 8,498,145
$ 24,011,000
$ 1,962,600
$ 16,435,422
$ 2,712,600
$ 7,967,308
$ 151,476,371
PERCENT TOTAL 56.90% 2.44% 5.61% 15.85% 1.30% 10.85% 1.79% 5.26% 100.00%
VILLAGE OF ELK GROVE
EXPENDITURE SUMMARY
Fund
FY2018
Actuals
FY2019
Actuals
FY2020
Adjusted Budget
FY2021
Adopted Budget
101 - General Fund
$
63,698,138
$
60,853,670
$
60,965,955
$
65,349,420
203 - Motor Fuel Tax Fund
$
1,203,371
$
1,033,772
$
939,278
$
1,300,000
204 - Asset Seizure
$
32,489
$
7,957
$
24,515
$
44,880
206 - Foreign Fire Insurance Fund
$
89,483
$
141,278
$
186,580
$
380,400
208 - Business Leaders Forum Fund
$
4,197,789
$
3,244,707
$
8,393,658
$
5,826,998
210 - Cable Television Fund
$
569,369
$
497,225
$
499,534
$
533,739
212 - GREEN Fund
$
734,702
$
800,531
$
1,099,575
$
982,908
301 - Capital Projects Fund
$
31,048,175
$
35,361,028
$
15,744,529
$
4,995,000
310 - Residential Enhancement Fund
$
288,421
$
33,929
$
354,250
$
424,250
320 - Grove Mall Redevelopment Fund
$
1,181,983
$
1,251,695
$
1,227,880
$
1,225,000
321 - Devon/Rohl Redevelopment Fund
$
552,790
$
560,875
$
602,000
$
552,000
322 - Busse/Elm Redevelopment Fund
$
6,741,263
$
6,312,066
$
9,822,494
$
12,047,344
323 - Higgins Rd Redevelopment Fund
$
5,278,165
$
12,760,490
$
650,000
$
3,171,327
402 - Debt Service Fund
$
26,987,147
$
8,324,370
$
8,116,100
$
8,107,000
501 - Water/Sewer Fund
$
23,651,646
$
17,340,156
$
36,620,857
$
24,773,743
601 - Capital Replacement Fund
$
659,208
$
7,499
$
2,800,447
$
1,530,000
721 - Firefighters Pension Fund
$
6,405,701
$
6,752,576
$
7,335,800
$
7,445,800
722 - Police Pension Fund
$
5,434,445
$
5,849,062
$
6,172,800
$
6,602,800
Village Total
$
178,754,285
$
161,132,888
$
161,556,252
$
145,292,609
290 - Library Fund $ 6,053,667 $ 5,719,721 $ 6,095,966 $ 6,294,792
Total Village and Library $ 184,807,952 $ 166,852,608 $ 167,652,218 $ 151,587,401
VILLAGE OF ELK GROVE
REVENUE SUMMARY
Fund
FY2017
Actuals
FY2018
Actuals
FY2019
Adjusted Budget
FY2020
Adopted Budget
101 - General Fund
$
62,716,842
$ 59,338,561
$
59,269,396
$
63,435,078
203 - Motor Fuel Tax Fund
$
851,870
$ 849,651
$
843,250
$
1,010,000
204 - Asset Seizure
$
28,603
$ 34,933
$
2,500
$
5,000
206 - Foreign Fire Insurance Fund
$
130,873
$ 143,937
$
133,000
$
170,000
208- Business Leaders Forum Fund
$
4,024,519
$ 3,579,076
$
3,450,000
$
3,525,000
210 - Cable Television Fund
$
449,481
$ 448,267
$
467,000
$
467,500
212 - GREEN Fund
$
858,294
$ 913,086
$
885,600
$
887,600
301 - Capital Projects Fund
$
74,126,609
$ 20,834,455
$
11435,000
$
2,137,122
310 - Residential Enhancement Fund
$
363,745
$ 453,390
$
610,000
$
605,000
320 - Grove Mall Redevelopment Fund
$
1,435,524
$ 986,794
$
1,000,100
$
1,200,100
321 - Devon/Rohl Redevelopment Fund
$
568,257
$ 577,336
$
600,100
$
600,100
322 - Busse/Elm Redevelopment Fund
$
4,354,671
$ 9,502,611
$
11,002,500
$
11,050,500
323 - Higgins Rd Redevelopment Fund
$
-
$ 178,187
$
200,100
$
1,200,100
402 - Debt Service Fund
$
26,794,726
$ 8,178,006
$
8,116,100
$
8,109,500
501 - Water/Sewer Fund
$
26,857,460
$ 26,797,032
$
22,364,500
$
25,667,250
601 - Capital Replacement Fund
$
1,425,948
$ 1,505,670
$
1,545,055
$
1,617,208
721 - Firefighters Pension Fund
$
11,705,707
$ 10,124,054
$
10,982,605
$
11,989,532
722 - Police Pension Fund
$
12,058,019
$ 10,136,785
$
10,729,040
$
11,504,989
Village Total
$
228,751,150
$ 154,581,832
1 $
133,635,846
1 $
145,181,579
290-Library Fund $ 5,465,781 $ 5,759,582 $ 6,095,966 $ 6,294,792
Total Village and Library $ 234,216,931 $ 160,341,414 $ 139,731,812 $ 151,476,371