VILLAGE OF HOMER GLEN FY BUDGET

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1 VILLAGE OF HOMER GLEN FY BUDGET Dated: April 26,

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4 NINE EXISTING FUNDS 1.) GENERAL FUND (10) 2.) SPECIAL EVENT FUND (12) 3.) ENVIRONMENT FUND (14) 4.) MOTOR FUEL TAX FUND (20) 5.) PARK & RECREATION FUND (50) 6.) DEBT SERVICE FUND (65) 7.) CAPITAL PROJECT FUND (70) 8.) EAB TREE REPLACEMENT FUND(71) 9.) CIP BOND FUND (72) 4

5 VILLAGE OF HOMER GLEN FY BUDGET FUND REVENUE EXPENSES 1.) GENERAL (10) $8,838,118 $8,671,926 2.) SPECIAL EVENT (12) $138,000 $169,250 3.) ENVIRONMENT (14) $37,800 $59,440 4.) MFT (20) $662,665 $3,305,801 5.) PARK & RECREATION (50) $963,300 $1,641,368 6.) DEBT SERVICE FUND (65) $2,587,654 $1,996,300 7.) CAPITAL PROJECTS (70) $7,500 $532,833 8.) EAB TREE FUND (71) $2,000 $108,000 9.) CIP BOND FUND (72) $414,256 $9,932,535 SUBTOTALS: $13,651,293 $26,317,453 LESS INTERFUND TRANSFERS 0 0 TOTALS: $13,651,293 $26,317,453 5

6 VILLAGE OF HOMER GLEN FY BUDGET NINE FUNDS BUDGETED REVENUE = $13,651,293 GENERAL FUND OTHER FUNDS DEBT SERVICE FUND MFT FUND PARK & RECREATION FUND PARK & RECREATION MFT FUND FUND 5% 7% *THE CAPITAL PROJECT, CIP BOND, ENVIRONMENT, CIP EAB TREE FUND AND SPECIAL EVENT FUNDS ARE CLASSIFIED AS OTHER FUNDS. DEBT SERVICE FUND 19% OTHER FUNDS 4% GENERAL FUND 65% 6

7 VILLAGE OF HOMER GLEN FY BUDGET TOTAL FUNDS BUDGETED EXPENDITURES = $26,317,453 OTHER FUNDS 1% CIP BOND FUND 37% GENERAL FUND 33% PARK & RECREATION FUND 6% CAPITAL PROJECT FUND 2% DEBT SERVICE FUND 8% MFT FUND 13% *THE ENVIRONMENT FUND, CIP EAB TREE FUND AND SPECIAL EVENT FUNDS ARE CLASSIFIED AS OTHER FUNDS 7

8 VILLAGE OF HOMER GLEN FY BUDGET GENERAL FUND

9 GENERAL FUND BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE $5,400,000 BUDGETED REVENUE 8,838,118 LESS: BUDGETED EXPENSE 8,671,926 EST. ENDING CASH & INVESTMENTS $5,556,192 9

10 GENERAL FUND REVENUES REVENUE SOURCE AMOUNT % OF TOTAL 1.) SALES TAX 3,242, % 2.) STATE INCOME TAX 2,446, % 3.) REIMBURSEMENTS (R&B LEVY- TOWNSHIP) 1,355, % 4.) STATE LOCAL USE TAX 612, % 5.) BUILDING PERMIT FEES & CONTRACTOR REG. 454, % 6.) CABLE TV FRANCHISE FEES 286, % 7.) GAMING TAX 135, % 8.) MISC. FEES, LICENSES, REG. & PERMITS 130, % 9.) LIQUOR & GAMING LICENSES 99, % 10.) FINES & FORFEITURES 54, % 11.) MISC. & ALL OTHER 22, % TOTAL: 8,838,118 10

11 GENERAL FUND REVENUES SALES TAX STATE INCOME TAX R&B LEVY (HOMER TWP) ALL OTHER REVENUE R&B LEVY (HOMER TWP) 15% ALL OTHER REVENUE 20% SALES TAX 37% STATE INCOME TAX 28% 11

12 VILLAGE OF HOMER GLEN ANNUAL SALES TAX RECEIPTS (EXCLUDE HOME RULE ST) FY $3,200,000 $3,100,000 $3,000,000 $2,900,000 $2,800,000 $2,700,000 $2,600,000 $2,500,000 FY '12 FY '13 FY '14 FY '15 FY '16 FY '17 12

13 VILLAGE OF HOMER GLEN ANNUAL INCOME TAX RECEIPTS FY $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 FY '12 FY '13 FY '14 FY '15 FY '16 FY '17 13

14 GENERAL FUND - MAJOR EXPENDITURES EXPENDITURE 1.) PUBLIC SAFETY (CONTRACTUAL SERVICES) $4,054,000 2.) PERSONNEL & BENEFITS (BUILDING, ADMININSTRATION, ENGINEERING, PLANNING & ZONING, FINANCE, EMA, ELECTED OFFICALS) 1,821,077 3.) PUBLIC WORKS (R&B LEVY TO ROAD DISTRICT) 1,225,000 4.) SALES TAX INCENTIVE AGREEMENTS 584,380 5.) ALL OTHER EXPENDITURES 409,349 6.) OTHER CONTRACTUAL SERVICES 278,765 7.) CONTINGENCY 200,000 8.) CAPITAL OUTLAY 99,355 9.) LEGAL 60,000 TOTAL: $8,671,926 14

15 GENERAL FUND EXPENDITURES ALL OTHER GENERAL FUND EXPENSES 41% PUBLIC SAFETY CONTRACT 46% PUBLIC WORKS CONTRACT 13% 15

16 GENERAL FUND MAJOR INITIATIVES 1.) CONTINUE WITH CONTRACTURAL SHERIFF S SERVICES COSTING APPROXIMATELY $4,054, ) BUDGETED $25,000 TO UPGRADE COMPUTER SERVER. 3.) BUDGETED $13,250 FOR STRATEGIC PLAN CONSULTING SERVICE. 4.) BUDGETED $20,000 FOR DIGITAL DOCUMENT STORAGE SOFTWARE. 5.) BUDGETED TO CONTINUE ECONOMIC DEVELOPMENT PROMOTIONAL EFFORTS. 6.) BUDGETED $7,500 FOR LARGE FORMAT PLOTTER/SCANNER. 7.) BUDGETED $95,000 FOR UNDERGROUND UTILITY LOCATION SERVICES (JULIE). 8.) BUDGETED $8,000 FOR (5) AED S. ONE IN ADMIN BUILDING AND FOUR FOR SHERIFF S. 16

17 GENERAL FUND MAJOR INITIATIVES 9.) BUDGETED TO RESTORE VACANT INSPECTORS POSITION. 10.) CREATED NEW PLANNING & ZONING DEPARTMENT (#77). 11.) ELIMINATED OFFICE RENT WITH NEW OFFICE BUILD-OUT. 12.) BUDGETED $51,000 TO CONTINUE MOSQUITO ABATEMENT PROGRAM (FOUR APPLICATIONS). 13.) BUDGETED $10,000 TO COMPLETE SUBDIVISION ORDINANCE UPDATE. 14.) BUDGETED FOR CONTINUED COMMITMENT TO STAFF PROFESSIONAL DEVELOPMENT AND MERIT PAY INCREASE. 15.) BUDGETED $19,000 TO REPLACE CODE ENFORCEMENT PICKUP TRUCK. 16.) BUDGETED $15,000 FOR ANNUAL OPTICOM MAINTENANCE. 17.) BUDGETED $200,000 FOR VILLAGE BOARD CONTINGENCY. 17

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28 VILLAGE OF HOMER GLEN FY BUDGET SPECIAL EVENT FUND

29 SPECIAL EVENT FUND BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE $62,427 BUDGETED REVENUE 138,000 LESS: BUDGETED EXPENSE 169,250 EST. ENDING CASH & INVESTMENTS $31,177 29

30 SPECIAL EVENT FUND REVENUES REVENUE SOURCE AMOUNT 1.) COMMUNITY FESTIVAL $138,000 2.) COMMUNITY FESTIVAL HOMER TOWNSHIP ROAD DISTRICT 25% FESTIVAL PROFIT* (10,000) 3.) COMMUNITY FESTIVAL - HOMER TOWNSHIP 25% FESTIVAL PROFIT* (10,000) * BASED ON 2015 FEST NET PROFIT TOTAL (PER FESTIVAL COMMITTEE) $118,000 30

31 SPECIAL EVENT FUND EXPENDITURES EXPENDITURE AMOUNT 1.) COMMUNITY FESTIVAL $118,000 2.) STAFF LIASION 19,250 3.) HOMER HARVEST DAYS 10,000 4.) COMMUNITY EVENTS & ACTIVITIES 2,000 5.) FEST PROFIT SHARING 50% 20,000 TOTAL: $169,250 31

32 SPECIAL EVENT FUND MAJOR INITIATIVES 1.) CONTINUATION OF THIS FUND AS ESTABLISHED IN ) 2017 COMMUNITY FESTIVAL CO-SPONSOR. 3.) 2017 HOMER HARVEST DAYS CO-SPONSOR. 32

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34 VILLAGE OF HOMER GLEN FY BUDGET ENVIRONMENT FUND

35 ENVIRONMENT BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE $57,668 BUDGETED REVENUE 37,800 LESS: BUDGETED EXPENSE 59,440 EST. ENDING CASH & INVESTMENTS $36,028 35

36 ENVIRONMENT FUND REVENUES REVENUE SOURCE AMOUNT 1.) ENVIRONMENTAL SURCHARGE $31,000 2.) EDAD EVENT REVENUES 5,600 3.) RECYCLING INCOME 1,200 TOTAL: $37,800 36

37 EXPENDITURE ENVIRONMENT FUND EXPENDITURES AMOUNT 1.) STAFF LIASON $19,250 2.) RECYCLING EVENT 10,000 3.) EARTH DAY~ARBOR DAY EVENT 9,000 4.) DRAGONFLY AREA MAINTENANCE 4,000 5.) LIGHTING - PROFESSIONAL SERVICES 6,000 6.) TREE PLANTING EVENTS ) DUES & MEMBERSHIPS ) AWARDS ) CONFERENCES & TRAININGS 1, ) 151 ST & BELL PRAIRIE AREA MAINTENANCE 6, ) LANDS DAY EVENT & STARGAZING EVENTS & MISC. 1,425 TOTAL: $59,440 37

38 ENVIRONMENT FUND MAJOR INITIATIVES 1.) CONTINUATION OF THIS FUND AS ESTABLISHED IN ) CONTINUATION OF LONG STANDING ENVIRONMENTAL PROGRAMS: EARTH DAY~ARBOR DAY; TREE PLANTINGS; LANDS DAY EVENT; AND STAR GAZING EVENTS. 3.) BUDGETED ($6,000) FOR PROF. SERVICE TO ASSIST WITH LIGHTING ORDINANCE COMPLIANCE. 4.) CONTINUATION OF MAINTENANCE OF PRAIRIE AREA AT 151 ST STREET AND BELL ROAD ($6,315) AND MAINTENANCE OF DRAGONFLY REHABILITATION AREA ($4,000). 5.) BUDGETED ($1,000) FOR ENVIRONMENT COMMITTEE TRAINING AND CONFERENCES. 38

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41 VILLAGE OF HOMER GLEN FY BUDGET MFT FUND

42 MFT FUND BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE $3,454,425 BUDGETED REVENUE 662,665 LESS: BUDGETED EXPENSE 3,305,801 EST. ENDING CASH & INVESTMENTS $811,289 42

43 MFT FUND REVENUES REVENUE SOURCE 1.) MFT TAXES 2.) MFT HIGH GROWTH COMMUNITIES 3.) INTEREST INCOME AMOUNT $623,665 27,000 12,000 TOTAL: $662,665 43

44 MFT FUND EXPENDITURES EXPENDITURE 1.) 151st CEDAR/BELL-PHASE I ENINGEERING 2.) HOMER TOWNSHIP ROAD DISTRICT 3.) STREET LIGHTS ELECTRICITY & MAINTENANCE 4.) TRAFFIC SIGNAL - MAINTENANCE 5.) HERITAGE PARK-PHASE I IMPROVEMENTS 6.) STREET SIGNAGE 7.) CONTINGENCY TOTAL: AMOUNT 86, ,600 88,000 10,000 2,632,673 5, ,000 $3,305,801 44

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47 VILLAGE OF HOMER GLEN FY BUDGET PARK AND RECREATION FUND

48 PARK & RECREATION FUND BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE $2,827,451 BUDGETED REVENUE 963,300 LESS: BUDGETED EXPENSE 1,641,383 EST. ENDING CASH & INVESTMENTS $2,149,368 48

49 PARK AND RECREATION FUND INITIATIVES 1.) EFFECTIVE MARCH 1, LOCAL MOTOR FUEL TAX RESTRICTED FOR PARK AND LAND ACQUISTION INITIATIVES. PROJECTED REVENUE $690, ) CREATED TWO NEW DEPARTMENTS WITHIN PARK FUND (#12) PARK FACILITIES AND (#14) PARK DEVELOPMENT. 3.) BUDGETED $ 626,827 FOR HERITAGE PARK PHASE I IMPROVEMENTS. 4.) BUDGETED FOR GOODINGS GROVE PARK IMPROVEMENT AT $475, ) BUDGETED $ 10,000 FOR GREEN REGIONS GRANT TO ASSIST WITH CMAQ TRAIL GOODINGS GROVE EXTENSION. 6.) BUDGETED $ 88,400 FOR CONSTRUCTION AND ENGINEERING COST CMAQ TRAIL GOODINGS GROVE EXTENSION. 7.) BUDGETED $ 65,000 FOR BIKE TRAIL MAINTENANCE. 8.) BUDGETED $ 17,000 FOR BRUSH CUTTER & BACKHOE ATTACHMENT. 49

50 PARK & RECREATION FUND REVENUES REVENUE SOURCE AMOUNT 1.) LOCAL MOTOR FUEL TAX $690,000 2.) STATE GRANT GOODINGS GROVE 170,500 3.) PARK CONTRIBUTIONS 60,000 4.) IDOT REIMBURSEMENT- GG ENGINEERING 20,800 5.) GREEN REGIONS GRANT GG BIKE TRAIL 10,000 6.) INTEREST INCOME 12,000 TOTAL: $963,300 50

51 PARK & RECREATION FUND EXPENDITURES EXPENDITURE 1.) PARK DEVELOPMENT (GOODINGS GROVE PARK) 2.) HEROES TRAIL DEVELOPMENT 3.) HERITAGE PARK PHASE I IMPROVEMENTS 4.) PARK & TRAIL MAINTENANCE, MOWING, LANDSCAPE 5.) PARK ENHANCEMENTS 6. ) CAPITAL EQUIPMENT 7.) ELECTRIC/WATER/TELEPHONE/OTHER 8.) SUPLLIES & MATERIALS 9.) PERSONNEL EXPENDITURES 10.) PARK/TRAIL SIGNS TOTAL: AMOUNT $475, , , ,000 20,000 19,000 7,000 40, ,906 5,000 $1,641,383 51

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57 VILLAGE OF HOMER GLEN FY BUDGET DEBT SERVICE FUND

58 DEBT SERVICE FUND BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE BUDGETED REVENUE HOME RULE SALES TAX $1,951,041 2,587,654 LESS: BUDGETED EXPENSE BOND PAYMENTS (LAST BOND PAYMENT DUE 12/1/22) EST. ENDING CASH & INVESTMENTS 1,996,300 $2,542,395 58

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60 VILLAGE OF HOMER GLEN FY BUDGET CAPITAL PROJECT FUND

61 CAPITAL PROJECT FUND BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE $995,360 BUDGETED REVENUE 7,500 LESS: BUDGETED EXPENSE 532,833 EST. ENDING CASH & INVESTMENTS $ 470,027 61

62 CAPITAL PROJECT FUND INITIATIVES 1.) INSTALLATION OF NEW TORNADO SIRENS-DONE IN APRIL ) STREET LIGHT RETRO FIT PROGRAM AT $100, ) NON-LOC SUBDIVISION IMPROVEMENTS AT $50, ) LETTER OF CREDIT SUBDIVISION IMPROVEMENTS AT $62,833 (CEDAR BROOKE). 5.) VILLAGE HALL STORAGE GARAGE $250, ) FARMVIEW LIFT STATION (INSPECTION AND MAINTENANCE) $15, ) CONTINGENCY AT $50,

63 CAPITAL PROJECT FUND EXEPENDITURES EXPENDITURE AMOUNT 1.) ENGINEERING $7,500 2.) LOC SUBDIVISON IMPRV-CEDAR BROOKE 62,833 3.) NON-LOC SUBDIVSION IMPRV 50,000 3.) STREET LIGHT RETRO FIT 100,000 4.) STORAGE BUILDING 250,000 5.) FARMVIEW LIFT STATION (INSPECTION & MTCE) 15,000 6.) CONTIGENCY 50,000 TOTAL: $532,833 63

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65 VILLAGE OF HOMER GLEN FY BUDGET EMERALD ASH BORER (EAB) TREE REPLACEMENT FUND

66 EAB TREE REPLACEMENT FUND BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE $345,908 BUDGETED REVENUE 2,000 LESS: BUDGETED EXPENSE 108,000 EST. ENDING CASH & INVESTMENTS $239,908 66

67 CIP EAB TREE FUND REVENUES REVENUE SOURCE AMOUNT 1.) INTEREST $ 2,000 TOTAL: $2,000 67

68 EAB TREE REPLACEMENT FUND EXPENDITURES EXPENDITURE AMOUNT 1.) ARBORIST $8,000 2.) TREE REPLACEMENT PROGRAM 100,000 TOTAL: $108,000 68

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70 VILLAGE OF HOMER GLEN FY BUDGET CIP BOND FUND

71 CIP BOND FUND BUDGET SUMMARY ESTIMATED BEGINNING FUND BALANCE $14,900,096 PLUS: BUDGETED REVENUE 414,256 LESS: BUDGETED EXPENSES HERITAGE PARK-DRAINAGE IMPROVEMENT 1,526,000 STORMWATER IMPROVEMENTS 1,250,550 NWCWA WATER TRANSMISSION LINE 78, TH ST IMPRV (INCLDS SEWER & WATER LINE) 6,975,410 PROFESSIONAL FEES 2,500 EST. ENDING CASH & INVESTMENTS $5,481,817 71

72 CIP BOND FUND MAJOR INITIATIVES 1.) 159 TH STREET - VILLAGE PORTION OF APPROVED PUBLIC IMPROVEMENT COST. INCLUDES WATER MAIN AND SEWER LINE EXTENSION IMPROVEMENTS. 2.) IDENTIFIED AND APPROVED STORMWATER IMPROVEMENT PROJECTS THROUGHOUT COMMUNITY (INCLUDES HERITAGE PARK DRAINAGE IMPROVEMENTS). 3.) BEDFORD PARK WATER TRANSMISSION LINE PURCHASE PROCESS THROUGH THE NWCWA. 4.) APPLIED FOR EPA (60/40- $344,256) DRAINAGE GRANT TO ASSIST WITH HERITAGE PARK PROJECT. FUTURE INITIATIVES APPROVED BUT NOT BUDGETED YET 1.) PURCHASE OF BEDFORD PARK WATER TRANSMISSION LINE. 72

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74 FY BUDGET SUMMARY GENERAL FUND OPERATING SURPLUS = $16,192 OVERALL BUDGETED REVENUES = $13,651,293 OVERALL BUDGETED EXPENSES = $26,467,453 OVERALL CASH AND INVESTMENTS PROJECTED AT FISCAL YEAR ENDED APRIL 30, 2018 = $17,178,216 74

75 VILLAGE OF HOMER GLEN FY BUDGET Questions? 75