City of Park Ridge, Illinois

Transcription

1 City of Park Ridge, Illinois 2012/13 Page 1

2 Comments from Finance Chairman, Alderman Dan Knight 2012/13 Public Hearing April 2, 2012 I have some comments about the budget and documents before us. After my comments we will go immediately out to the gallery for comments and / or questions and then come back to the Council. If there is anything further to discuss among the Council we will take that up and then adjourn. First, I d like to acknowledge and thank the staff for their efforts during this budget cycle. As we have previously discussed the process of the compilation of this year s budget was different than in years past so everyone s effort toward making it work has been greatly appreciated. Overall the process went pretty smoothly but there are areas where we can improve and I will hope we can take that up in advance of the next budget. I d ask any staff member or Alderman if they have observations or ideas on how we can improve the process to submit that to the Finance Director or me as soon as practical. The Aldermen need must be acknowledged for the time and effort they put into this budget process. With 5 new Aldermen and a completely revamped budget process we met more than 10 times during specific budget meetings or otherwise during regularly scheduled meetings. The hours put in for the meetings alone were significant and that doesn t account for preparation and the like. The budget is one of the more significant undertakings we have as Aldermen and this budget cycle proved why. Finally, I want to specifically acknowledge our Finance Director, Ms. Stutts. Simply put and I think obviously, we would not have accomplished what we did over the last few months without her significant effort to provide us with the data, information and direction we needed to forge this budget. Ms. Stutts also helped keep us focused and on task which is no small undertaking when you are dealing with a City Council of 7 individual Aldermen and a Mayor not to mention the myriad of City Staff. *********************************** I am going to address the budget in a three step manner. First I ll comment about the 2012/13 budget that will be voted on later this evening. Then I will address the last several fiscal years leading up to this year s budget. And finally I will address the set of projections we have for the next two fiscal years out. 2012/2013 The overall budget for 2012/13 calls for revenue of $ million and expenditures of $ million. This results in an overall deficit of $4.370 million which is largely driven by deficits in non-general fund accounts where we have accumulated significant sums Page 2

3 Comments from Finance Chairman, Alderman Dan Knight 2012/13 Public Hearing April 2, 2012 and are spending surpluses or monies collected for specific capital projects. Making up the $4.370 deficit includes deficits of $2.374 million in the sewer construction fund, $941,000 in the parking fund, $620,000 in the water fund and $552,000 in the library fund. At present, this Council has agreed that the projects associated with these funds and the 2012/13 deficits they create are appropriate. This Council has agreed that the General Fund (GF) and its health should be of particular emphasis and importance and that is where we spent much of our time during the budget process. This is because the GF is essentially the City s main operating account or, in household terms, our regular checking account. The 2012/13 budget for the GF calls for total revenue of $ million and expenditures of $ million. The total revenue collected is supported by a December 2011 overall property tax increase that was 3% higher than the 2010 levy. The result of our planning is a 2012/13 surplus of $455,000. If we could stop the discussion here we might say that sounds good but unfortunately there is more to the story. Despite the fact that we are projecting a $455,000 GF surplus for 2012/13 we are projecting that we will see our GF unreserved fund balance that is essentially our actual cash balance reduced by nearly $220,000 from $3.056 million to $2.739 million. This is because for every year since its inception and until it is retired the City s GF must support and pay for any annual Uptown TIF deficits and for 2012/13 the TIF is projected to have a deficit of $773,000. And so we have all the facts, the projected 2012/13 GF unreserved fund balance of $2.739 million is only 36% of its target, which is a mere 3 months of operating expenditures. We are at about one month. So in a nutshell, for the GF, 2012/13 is a true good news / bad news scenario. The good news is that we are planning for a healthy annual surplus - $455,000. But the bad and really sobering news is that we are projecting that the TIF debt will continue to erode our GF cash position due to its continuing annual deficits so that at the end of the 2012/13 year we have only $2.739 million on hand which is only 36% of our target balance. General Fund How Did We Get Here? As said previously, for this Council the stability and health of the GF was of particular concern as we navigated through the budget process over the last few months. During that time as I have talked to other Aldermen and residents alike I have been asked many times: how did we get here? Given the piecemeal way in which we budget the answer is not as simple as any of us would like. That said, I asked the Finance Director to help me try to boil an answer down to something understandable and I think the two Page 3

4 Comments from Finance Chairman, Alderman Dan Knight 2012/13 Public Hearing April 2, 2012 pages (the numbers and the chart) labeled General Fund Historic Performance are helpful. Focusing on the chart and looking back to the 2005/06 fiscal year we can see that coming forward to the end of our current fiscal year, 2011/12, we had deficits in 4 fiscal years that total $10 million, we had a surplus of $6.4 million in 2006/07 due to the sale of property for the Uptown TIF - and finally in the two most recent fiscal years we show surpluses of an estimated $260,000. So, over this timeframe since 2005/06 we have had accumulated deficits in the GF of $3.6 million and an associated degradation of unreserved cash in the GF of the same amount. This leaves us with an estimated cash balance of $3.0 million at the end of the current fiscal year versus a target of $7.3 million. Some have said that we shouldn t be considering an overall tax increase of anything much more than the 4% we have averaged annually since the 2005/06 fiscal year. It seems somehow or another that has become a target or a norm. What needs to be recognized is that over this period when we have maintained overall property tax increases averaging 4% is that we have also degraded our cash balance by $3.6 million. So, in a sense, this 4% to 5% target or norm has been a fallacy. Because if the City had been honest with itself over this time period while maintaining such low year over year increases in the property tax rate it would have been raising revenue or reducing expenses elsewhere and it didn t. The result is the situation we are in. What Lies Ahead? Continuing on with the GF in particular and looking beyond the 2012/13 year as budgeted we can see what one might call a disturbing trend. In both the fiscal years 2013/14 and 2014/15, based on some reasonable assumptions, we can see that with overall property tax increases of 11% and 4% respectively we just manage to balance the GF by $57,000 and $1,300 respectively. All other things being equal we still need to fund the Uptown TIF deficits over those two years that is projected to be $1.1 million. In the absence of any other actions, if we do this we risk degrading our unreserved GF fund balance to $1.7 million of a mere 21% of its target. That is less than one month s projected expenditures. (And as a side note for those who may not be aware it is probably fair to estimate that the City s portion of a total property tax bill is currently in the range of 10% to 12%. So an 11% increase in the City s portion of a homeowner with a $10,000 tax bill might be as much as $133 or 1.3%. Said different, any 10% increase by the City should raise a typical tax bit by 1.0% to 1.2%) Page 4

5 Comments from Finance Chairman, Alderman Dan Knight 2012/13 Public Hearing April 2, 2012 For those advocating a more modest overall property tax increase for the December 2012 and 2013 levies the math tells us that year over year tax increases of 4% to 5% would reduce the unreserved fund balance to about $0 it would wipe it out. No tax increases would take the balance negative to something in the range of $1.5 million. And while we don t have a full set of projected budgets for the years beyond 2014/15 all one needs to do is look at the projections for the Uptown TIF to see that it projects annual deficits out to 2021/22 ranging from $700,000 to $1.5 million to the point where it will owe the City more than $13 million. Clearly something has to give. I don t think there is any magic bullet that will solve this dilemma for us. This is likely and unfortunately going to take ongoing property tax hikes, ongoing revenue enhancements in other ways and ongoing cost cuts. When the Council started this year s budget process we all more or less agreed it was a three step process. In the short term we needed to forge a one year budget for 2012/13. Secondarily we needed to take a look out two short years to see what a reasonable look at the short term had in store for our unreserved GF fund balance. And finally we needed to take a longer term look at and start to figure out how we solve the looming and unrelenting requirement for the City to fund the Tiff s annual deficits. To a great degree we have taken care of the first two steps we now must turn our collective efforts to the final step. This is no small task and it will take the collective effort of the City Manager and the City Staff along with the elected officials. All Park Ridge residents can and should participate as well by contacting or meeting with their elected official and letting them know where they stand on these important matters. Thank you. Page 5

6 35,000,000 General Fund Historical Performance 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, /06 Actual 2006/07 Actual 2007/08 Actual 2008/09 Actual 2009/10 Actual 2010/11 Actual 2011/12 Estimate 2012/ /14 Projection Revenue 23,746,042 31,584,187 25,520,969 25,423,930 25,313,436 28,040,372 29,477,779 30,614,171 31,564,769 31,693,318 Expense 25,948,717 25,207,793 27,237,736 27,792,654 29,024,255 28,005,065 29,244,156 30,159,398 31,507,893 31,691,935 Unreserved fund balance Actual 6,667,705 12,165,058 10,702,348 6,558,168 2,609,181 2,823,093 3,056,716 2,738,595 2,367,228 1,662,135 Unreserved fund balance Target 6,487,179 6,301,948 6,809,434 6,948,164 7,256,064 7,001,266 7,311,039 7,539,850 7,876,973 7,922,984 % change in property tax 5% 6% 5% 3% 3% 5% 3% 11% 4% 2014/15 Projection Page 6

7 2012/13 Impact on Fund Balance City of Park Ridge, Illinois 2012/13 and Fund Balance Fund Name General Library Motor Fuel Uptown TIF IL Municipal Ret. (IMRF) Municipal Waste Emergency Telephone Parking* Water* Sewer* Dempster TIF Sewer Construction Fund Unreserved / Unrestricted FB YE 4/30/11 $2,823,093 $2,855,493 $461,692 ($4,829,749) $0 ($343,248) ($301,773) $1,132,219 $3,830,516 $576,730 $0 $0 FY Revenues/ Transfers In 30,659,507 4,207,821 1,000,000 2,475,644 1,977,556 3,558,996 1,395, ,587 8,783,839 1,869, ,711 0 FY Expenses/Transfers Out 30,656,874 4,739,077 1,000,000 3,248,538 2,294,436 3,558,743 1,391,792 1,196,817 9,399,066 1,353, ,000 0 Revenues Over (Under) $2,633 ($531,256) $0 ($772,894) ($316,880) $253 $3,208 ($892,230) ($615,227) $515,726 $711 $0 Original Fund Balance with budget impact $2,825,726 $2,324,237 $461,692 ($5,602,643) ($316,880) ($342,995) ($298,565) $239,989 $3,215,289 $1,092,456 $711 $0 Revisions/Corrections Reduce Summit Parking Lot - Capital Project ($250,000) Correct SS for Police personnel ($50,558) Reduce Grant Income Fire ($252,549) Reduce Other Personnel Fire Grant Hires ($252,549) Emerg. Telephone Reduce ANI/ALI ($8,717) Debt Service Schedule 2012B IMRF Final $7,133 Increase Transfer for IMRF Debt Service ($1,012) $165 $600 $247 Increase Transfer for Final Debt Svce 2012A Sewer $5,128 Add Sewer Construction Fund (bond funds received) $2,374,030 Police Park Ridge Citizen's Patrol Mileage Reimb $1,200 Property Taxes 100 Euclid $9,000 Parking Transfer to General Fund for Shared Services $50,712 Emerg. Telephone Reduce Communication System ($22,000) Consensus Eliminate Spokesman ($31,390) Economic Development Marketing place holder ($45,000) Cultural Arts Sticker ($1,000) Community Groups - Advocate ($6,336) Community Groups - Center of Concern ($49,500) CPD Consulting place holder ($20,000) Water Utility Tax as is need rate study Water Rate Remain as is need rate study Sewer Rate remain as is need rate study Reduce Contract Engineering ($4,000) Eliminate Building Assessment Study ($25,000) Eliminate AWWA Membership from Water ($3,500) Nationwide PEHP Contribution $13,000 Utility Rate Study $9,250 $9,250 Muni Waste Fund Review Refuse Disposal - ($25,000) Review Refuse Disposal - Muni Waste Fund Transfer ($50,000) $50,000 City Manager Dues Reduction ($1,595) City Manager Training Reduction ($3,710) Police Station Renovations Phase 1 $361,500 Increase to Vehicle Sticker Fee $0 Police Grant Income $40,000 Medical, Dental, Life City total Cost ($178,846) ($29,960) ($739) ($1,538) ($9,009) ($4,920) Medical, Dental, Life Employee Contributions reduction ($46,944) ($1,002) ($35) ($42) ($417) ($266) Fire Overtime $60,000 Transfer from Parking $180,000 $180,000 Defer City Hall Parking Lot Lighting ($140,000) Non Union Increase $49,930 $50,518 $1,320 $425 City Manager Proposed Cuts ($174,180) ($25,000) Sewer Lining 2011 Project Additions $89,000 Sewer Lining 2011 Grant Income $225,000 Shared Services Final - Parking $61,152 $61,152 Shared Services Final - Water $6,472 $6,472 Shared Services Final - Sewer ($33,467) ($33,467) 2% Wage Increase for Non Union meets expectations $19,445 Eliminate Contribution to Maine Center for Mental Health ($5,940) Add contribution to Center of Concern $49,500 Reduce Salt to fund CofC & raises ($70,000) Mayor Veto Center of Concern - Sustained ($49,500) Mayor Veto Non Union Raises - Sustained ($69,375) ($1,320) ($425) ed Fund Surplus (Deficit) $580,643 ($552,816) $0 ($772,894) ($272,443) $957 $33,925 ($941,764) ($619,457) $675,222 $711 ($2,374,030) Revised Fund Balance with budget impact $3,403,736 $2,302,677 $461,692 ($5,602,643) ($272,443) ($342,291) ($267,848) $190,455 $3,211,059 $1,251,952 $711 ($2,374,030) Target Fund Balance $7,664,219 $2,369,539 $0 $0 $0 $0 $0 $249,470 $2,136,511 $525,591 $0 $0 Balanced Yes No Yes No No Yes Yes No No Yes Yes N/A Actual FB to Target FB 44% 97% N/A Negative Negative Negative Negative 76% 150% 238% N/A N/A Use of Fund Balance in Compliance with Policy N/A Yes N/A No No N/A N/A No Yes N/A N/A N/A Requires 2/3 Alderman Approval N/A N/A N/A Yes Yes N/A N/A Yes Yes N/A N/A N/A Page 7

8 2012/13 Impact on Fund Balance City of Park Ridge, Illinois 2012/13 and Fund Balance Fund Name 2004A Debt 2004B Water 2005A Debt Service Debt Service Service 2006A Debt Service 2006B Debt Service 2012A Debt Service 2012B Debt Service Unreserved / Unrestricted FB YE 4/30/11 $0 $0 ($3,569) $0 $0 $0 $0 FY Revenues/ Transfers In FY Expenses/Transfers Out Revenues Over (Under) 1,200, , , , , , ,133 1,200, , , , , , ,133 $0 $0 $0 $0 $0 $0 $0 Original Fund Balance with budget impact $0 $0 ($3,569) $0 $0 $0 $0 Revisions/Corrections Reduce Summit Parking Lot - Capital Project Correct SS for Police personnel Reduce Grant Income Fire Reduce Other Personnel Fire Grant Hires Emerg. Telephone Reduce ANI/ALI Final Debt Service Schedule 2012B IMRF Increase Transfer for IMRF Debt Service Increase Transfer for Final Debt Svce 2012A Sewer Add Sewer Construction Fund (bond funds received) Police Park Ridge Citizen's Patrol Mileage Reimb Property Taxes 100 Euclid Parking Transfer to General Fund for Shared Services Emerg. Telephone Reduce Communication System Consensus Eliminate Spokesman Economic Development Marketing place holder Cultural Arts Sticker Community Groups - Advocate Community Groups - Center of Concern CPD Consulting place holder Water Utility Tax as is need rate study Water Rate Remain as is need rate study Sewer Rate remain as is need rate study Reduce Contract Engineering Eliminate Building Assessment Study Eliminate AWWA Membership from Water Nationwide PEHP Contribution Utility Rate Study Review Refuse Disposal - Muni Waste Fund Review Refuse Disposal - Muni Waste Fund Transfer City Manager Dues Reduction City Manager Training Reduction Police Station Renovations Phase 1 Increase to Vehicle Sticker Fee Police Grant Income Medical, Dental, Life City total Cost Medical, Dental, Life Employee Contributions reduction Fire Overtime Transfer from Parking Defer City Hall Parking Lot Lighting Non Union Increase City Manager Proposed Cuts Sewer Lining 2011 Project Additions Sewer Lining 2011 Grant Income Shared Services Final - Parking Shared Services Final - Water Shared Services Final - Sewer 2% Wage Increase for Non Union meets expectations Eliminate Contribution to Maine Center for Mental Health Add contribution to Center of Concern Reduce Salt to fund CofC & raises Mayor Veto Center of Concern - Sustained Mayor Veto Non Union Raises - Sustained ed Fund Surplus (Deficit) $0 $0 $0 $0 $0 $0 $0 Revised Fund Balance with budget impact $0 $0 ($3,569) $0 $0 $0 $0 Target Fund Balance $0 $0 $0 $0 $0 $0 $0 Balanced Actual FB to Target FB Use of Fund Balance in Compliance with Policy Requires 2/3 Alderman Approval Yes Yes Yes Yes Yes Yes Yes N/A N/A Negative N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Page 8

9 2012/13 BUDGET POLICIES In January 2012, the City revised the municipal code regarding the compilation of the annual budget. The City also revised Council Policy Statement 40, Fund Balance and Target Fund Balance. The information as it relates to the 2012/13 budget process is provided below. The revised policies define a balanced budget and target fund balances. The policies also set the number of Council votes need to approve a budget that was not balanced. A. Compile an annual budget in accordance with the following: 1. The City Manager will schedule and hold budget workshops during January, February, and March each year. The workshops will be special Finance Committee of the Whole meetings and will be structured to cover topics such as revenue projections, department personnel (salaries, benefits, pensions), department contracting and material, shared services, transfers, debt service, capital plan replacement funds and other topics the City Manager, Finance Director or City Council deem appropriate. At the first scheduled budget workshop, the City Manager will submit a summary of projected revenues and expenditures for the annual budget. At the conclusion of the budget workshops, the City Manager will compile the results into a final proposed budget for adoption by the City Council at the first City Council meeting in April. The budget upon which the vote is taken shall be a budget in which each individual fund is balanced (except equipment replacement funds), that is, for each individual fund, the sum of all revenues and funding sources (funding sources include one time revenue and fund transfers) for each individual fund is greater than or equal to the sum of all expenditures and funding uses (funding uses include operating expenditures, fund transfers, capital expenditures, debt service payments and all other expenditures including budgeted contingencies). If the difference between the sum of the revenue and funding sources and the sum of the expenditures and funding uses for any individual fund is negative, then certain specified fund balances or accounts may be used to bring that fund into balance. 1 Supplement A Sample List of Fund Balance Classification that can be used to balance an individual fund budget General Fund Unassigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Library Fund Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Dempster TIF Fund Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Motor Fuel Tax Fund Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) 1 Prior to the first budget workshop, the Finance Director shall publish a schedule that includes each City Fund and the Fund Balance classification that may be used to balance the budget of that City fund. See Supplement A. Page 9

10 2012/13 BUDGET POLICIES Uptown TIF Fund Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) IMRF Fund Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Municipal Waste Fund Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) 911 Emergency Telephone Fund Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Debt Service 2004A GO Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Debt Service 2004B GO Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Debt Service 2005A GO Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Debt Service 2006A GO Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Debt Service 2006B GO Assigned Fund Balance (Unreserved Fund Balance as of 4/30/11 CAFR) Parking Enterprise Unrestricted Net Assets (Unrestricted net assets as of 4/30/11) Water Enterprise Unrestricted Net Assets (Unrestricted net assets as of 4/30/11) Sewer Enterprise Unrestricted Net Assets (Unrestricted net assets as of 4/30/11) Motor Equipment Replacement Fund Unrestricted Net Assets (Unrestricted net assets as of 4/30/11) Tech Equipment Replacement Fund Unrestricted Net Assets (Unrestricted net assets as of 4/30/11) Library Tech Equipment Replacement Fund Unrestricted Net Assets (Unrestricted net assets as of 4/30/11) (Ord , 1/16/2012) 2. If use of fund balance to balance the budget should cause the ending unassigned fund balance of the General Fund, or assigned fund balance of any Governmental Fund or the net unrestricted assets of any Enterprise Fund to fall below 90% of the Target Fund Balance, as described in Council Policy Statement 40, then a two-thirds vote of the Aldermen shall be required to approve the budget of such fund. The budget shall contain estimates of revenues available to the City for the fiscal year for which the budget is drafted, together with recommended expenditures for the City and all of the City s departments, commissions and boards. Revenue estimates and expenditure recommendations shall be presented in a manner which is in conformity with good fiscal management practices. The budget shall contain at the budget category level, actual or estimated revenue and expenditures for one (1) year immediately preceding the fiscal year for which the budget is prepared, long with two years future projection. Each budget shall show the specific fund from which each anticipated expenditure should be made. The budget categories will include but not be limited to: revenue, regular salaries, overtime, medical/dental insurance, pension contributions, workers compensation, all other personnel, contractual services, commodities, capital, debt service, and transfers. Page 10

11 2012/13 BUDGET POLICIES TARGET FUND BALANCE POLICIES The City s target unassigned fund balance for the General Fund is equal to two months of budgeted operating expenditures, plus $250,000 for the City s self insured retention limit, plus $100,000 for emergency expenditures. The Library Fund target fund balance will be set by the Library Board. For Enterprise Funds the City s target unrestricted fund balance will be equal to two months of budgeted operating expenditures, plus an additional amount to cover emergency expenditures. For the Parking Fund this additional amount is $50,000, for the Water Fund this additional amount is $570,000 and for the Sewer Fund this additional amount is $300,000. Summary of 2012/13 results by Fund 2012/13 Balanced s General Fund Motor Fuel Municipal Waste Emergency Telephone Dempster TIF Debt Service Funds 2012/13 Deficit s use of fund balance, fund balance remains above 90% of target Water Fund Sewer Fund 2012/13 Deficit s use of fund balance, fund balance falls below 90% of target, 2/3 vote required to approve budget Uptown TIF IMRF Parking 2012/13 s not requiring approval to use fund balance Library Sewer Construction Fund Replacement Funds Page 11

12 2012 / 2013 City of Park Ridge Instructions Templates were provided to all Department Heads with the following instructions in early December For the Excel files capturing your 2011/12 budget and YTD November actuals, please update the following columns: a. Update 2011/12 YE Projection b. Enter 2012/13 Proposed by individual line item c. Enter an X in the Non Discretionary (mandatory expenditure) OR Discretionary Column (optional expenditure) d. Enter an X in the Strategic Plan column if the expenditure is related to a strategic planning initiative e. Enter an Explanation / Alternative to describe the expenditure (ALL Discretionary lines must have an explanation/alternative) f. Make sure your budget for 2012/13 does not exceed your 2011/12 budget, if it does, you need to contact me immediately 2. For the Word files a. For each department, on the Dept word file, fill in your headcount, 2011/12 accomplishments, your 2012/13 goals and your 2012/13 strategic planning initiatives if you had any identified during the strategic planning session. b. For each organization (Public Works, Administration, Fire, Police), on the Org word file, fill in your total headcount, highlight summary of 2011/12 accomplishments, highlight summary of your 2012/13 goals and highlight summary of your 2012/12 strategic planning initiatives if you had any identified during the strategic planning session. 3. Capital Plan Please fill in projections (yellow highlight) for your capital projects on the attached capital plan document 4. Grants and Reimbursements Fill in anticipated grant funding or other forms of reimbursements from external sources (residents for sidewalks) 5. I will be completing the revenue, personnel and benefits budgets. If you have personnel changes in 2012/13, please communicate those to me as soon as possible. Please have all of this completed by Friday, December 30 th. If you have any questions, please don t hesitate to call me. Thanks and Happy ing! Allison Page 12

13 January 11, 2012 January 18, 2012 January 25, February 8, February 15, February 22, March 14, 2012 March 22, City of Park Ridge, IL Proposed Meeting Schedule 2012/13 Draft Summary, Revenue Projections, Water/Sewer Rates Department Goals, Personnel (Salaries, Benefits, Pensions) Contracting & Material Contracting & Material Continued Shared Services Transfers Debt Service Department Reorganization Proposals Compensation Study Phase 2 Fire Overtime increase Fire Chief Nationwide PEHP Contribution for Fire Finance Director Capital Plan Replacement Funds Police Station Construction Police Chief Community Groups Ald. DiPietro Self Insurance Stabilization Funds City Manager Municipal Waste Fund contractual and refuse Ald. Knight CPD Consulting Services Deputy City Manager Membership Dues City Manager Training City Manager Contingency need decision from Council Pay for Performance City Manager Revenue Recap Vehicle License TIF Projections Cancelled City Manager proposed cuts Non Union Performance Plan Municipal Waste Collection Fees Vehicle Sticker Fee Senior Discount Cultural Arts Sticker Overtime budget Police Station Renovations Sewer lining project Spokesman May 2012 Contingency Medical, Dental, Life March 26, December 2012 Tax Levy for the Fiscal Year 2013/14 Final Summary (including 2 Year Future Projections) April 2, :30 pm Public Hearing on the 7:00 pm Council Meeting Approval Page 13

14 2012/13 Changes All Medical, Dental and Life Insurance are budgeted in one Department in each fund. In prior years the costs were allocated to each department based on enrollment for the prior fiscal year o All Benefits are budgeted at full cost with employee contributions budgeted in revenue. In prior years the cost of benefits and employee contributions were net together in the expense line item The budget for workers compensation claims is in Human Resources. In previous years the budget was allocated to the each Department. It is difficult to estimate which Department will incur costs associated with claims The budget for Verizon Wireless (cell phone carrier) is in Information Technology. The monthly bills are based on usage and the usage varies for each Department, this makes it difficult to estimate the percentage allocation to each Department. The budget for GIS is in Public Works. In previous years the budget was included in CP&D. Public Works oversees the GIS contractor thus the Department now has the budget Legal fees from Klein, Thorpe, Jenkins associated with litigation cases are budgeted in the insurance claims line item. Beginning in late FY2012, Klein Thorpe began sending bills for litigation to the City s TPA. Previously all Klein Thorpe fees were paid out of the legal budget line item Red light fees and Citation fees are budgeted in Finance in separate line items Sidewalk repairs are budgeted as the full cost of the program. In previous years the budget for the program was netted with the resident reimbursements. Resident reimbursements are budgeted in miscellaneous revenue A line item for Dues was added to a number of department budgets. In previous years, Dues were budgeted in General Contractual Transfers Out increased in 2012/13 for shared services transfers from Enterprise Funds to General Fund for overhead type expenses. In previous years, the Water Fund was the only fund that transferred to the General Fund for overhead expenses Debt Service Two additional bond funds were added to the budget for the 2012A&B bonds for Phase I of the Sewer Construction Program and the IMRF early retirement incentive payoff Page 14

15 Summary All Funds Page 15

16 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue General Fund Revenues & Other Sources Total YE Original Revised Variance to Prior Year % Variance to Property Taxes $7,340,060 $7,544,836 $7,544,836 $7,855,878 $515, % Sales Taxes $5,594,129 $5,070,000 $5,070,000 $5,277,000 ($317,129) -5.67% Income Taxes $3,027,625 $2,736,040 $2,736,040 $2,968,416 ($59,209) -1.96% Ambulance Tax $768,987 $860,000 $860,000 $790,000 $21, % Food, Beverage, Package Liquor $761,267 $765,000 $765,000 $756,000 ($5,267) -0.69% Utility Taxes $4,027,649 $4,341,000 $4,341,000 $4,367,170 $339, % Licenses $1,470,252 $1,482,475 $1,482,475 $1,475,000 $4, % Building Permits $818,977 $755,000 $755,000 $756,000 ($62,977) -7.69% Parking Garage Tax $600,000 $600,000 $600,000 $600,000 $0 0.00% Intergovernmental $78,045 $231,600 $231,600 $655,129 $577, % Charges for Services $342,494 $368,000 $368,000 $257,200 ($85,294) % Fines and Forfeitures $512,448 $406,000 $406,000 $500,000 ($12,448) -2.43% Employee Contributions $647,023 $0 $0 $686,521 $39, % Miscellaneous $2,688,823 $2,283,500 $2,283,500 $2,417,459 ($271,364) % Transfer In $800,000 $800,000 $800,000 $1,252,398 $452, % Total Revenues $29,477,779 $28,243,451 $28,243,451 $30,614,171 $1,136, % Source of Expenditure General Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to Regular Salaries $13,582,408 $13,757,187 $13,757,187 $13,942,833 $360, % Overtime $1,016,921 $763,500 $763,500 $841,000 ($175,921) % Medical, Dental, Unemployment $3,029,979 $2,416,271 $2,416,271 $3,361,551 $331, % Police & Fire Pension $3,890,329 $3,878,306 $3,241,342 $3,019,028 ($871,301) % Workers Compensation $396,077 $350,000 $350,000 $400,000 $3, % All Other Personnel $241,164 $147,940 $147,940 $375,914 $134, % Contractual Services $4,665,473 $4,319,207 $4,609,207 $4,649,719 ($15,754) -0.34% Commodities $1,332,338 $1,501,800 $1,501,800 $1,363,083 $30, % Capital Items $159,531 $271,776 $271,776 $1,079,400 $919, % Debt Service $0 $0 $0 $0 $0 0.00% Contingency $0 $0 $346,964 $0 $0 0.00% Transfers Out $929,936 $812,568 $812,568 $1,001,000 $71, % Total Expenditures $29,244,156 $28,218,555 $28,218,555 $30,033,528 $789, % Surplus (Deficit) $233,623 $24,896 $24,896 $580,643 Page 16

17 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Library Fund Revenues & Other Sources Total YE Revised Variance to Prior Year % Variance to Property Taxes $3,913,258 $3,953,000 $3,953,000 $3,913,406 $ % Personal Property Tax Repl. $65,655 $69,000 $69,000 $60,000 ($5,655) -8.61% Intergovernmental $38,656 $38,640 $38,640 $38,000 ($656) -1.70% Employee Contributions $36,810 $0 $0 $45,413 $8, % Miscellaneous $157,850 $127,000 $127,000 $150,000 ($7,850) -4.97% Transfers In $0 $0 $0 $0 $0 0.00% Total Revenues $4,212,229 $4,187,640 $4,187,640 $4,206,819 ($5,410) -0.13% Source of Expenditure Library Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to Regular Salaries $2,534,126 $2,694,330 $2,694,330 $2,576,433 $42, % Overtime $2,871 $0 $0 $0 ($2,871) % Medical, Dental, Unemployment $412,176 $330,404 $330,404 $489,153 $76, % Workers Compensation $1,633 $7,000 $7,000 $0 ($1,633) % All Other Personnel $5,749 $5,600 $5,600 $5,249 ($500) -8.70% Contractual Services $452,955 $399,400 $398,600 $401,300 ($51,655) % Commodities $709,016 $686,400 $687,200 $684,500 ($24,516) -3.46% Capital Items $197,417 $393,000 $393,000 $603,000 $405, % Debt Service $0 $0 $0 $0 $0 0.00% Transfers Out $0 $0 $0 $0 $0 0.00% Total Expenditures $4,315,943 $4,516,134 $4,516,134 $4,759,635 $443, % Surplus (Deficit) ($103,714) ($328,494) ($328,494) ($552,816) Page 17

18 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Motor Fuel Fund Revenues & Other Sources Total YE Revised Variance to Prior Year % Variance to Motor Fuel Tax $1,108,969 $1,000,000 $1,000,000 $1,000,000 ($108,969) -9.83% Miscellaneous $117,747 $0 $0 $0 ($117,747) % Transfers In $0 $0 $0 $0 $0 0.00% Total Revenues $1,226,716 $1,000,000 $1,000,000 $1,000,000 ($226,716) % Source of Expenditure Motor Fuel Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to Alley Paving $0 $0 $0 $0 $0 0.00% Street Repairs $786,215 $1,000,000 $1,000,000 $1,000,000 $213, % Debt Service $0 $0 $0 $0 $0 0.00% Transfers Out $0 $0 $0 $0 $0 0.00% Total Expenditures $786,215 $1,000,000 $1,000,000 $1,000,000 $213, % Surplus (Deficit) $440,501 $0 $0 $0 Page 18

19 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue IMRF Fund Revenues & Other Sources Total YE Original Revised Variance to Prior Year % Variance to Property Taxes $1,679,299 $1,684,100 $1,684,100 $1,666,042 ($13,257) -0.79% Personal Property Tax Repl. $19,900 $19,900 $19,900 $15,000 ($4,900) % Transfers In $2,380,420 $263,200 $263,200 $297,526 ($2,082,894) % Total Revenues $4,079,619 $1,967,200 $1,967,200 $1,978,568 ($2,101,051) % Source of Expenditure IMRF Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to IMRF and Social Security $4,098,113 $1,988,318 $1,988,318 $1,981,878 ($2,116,235) % Transfers Out $0 $0 $0 $269,133 $269, % Total Expenditures $4,098,113 $1,988,318 $1,988,318 $2,251,011 ($1,847,102) % Surplus (Deficit) ($18,494) ($21,118) ($21,118) ($272,443) Page 19

20 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Muni Waste Fund Revenues & Other Sources Total YE Revised Variance to Prior Year % Variance to Property Taxes $3,690,479 $3,522,100 $3,522,100 $3,432,093 ($258,386) -7.00% Intergovernmental $0 $0 $0 $0 $0 0.00% Employee Contributions $1,005 $0 $0 $868 ($137) % Misc. Other $1,374 $0 $0 $0 ($1,374) % Transfers In $0 $0 $0 $76,000 $76, % Total Revenues $3,692,858 $3,522,100 $3,522,100 $3,508,961 ($183,897) -4.98% Source of Expenditure Muni Waste Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to Regular Salaries $44,659 $44,800 $44,800 $44,681 $ % Overtime $4,793 $5,000 $5,000 $5,000 $ % Medical, Dental, Unemployment $10,121 $7,668 $7,668 $9,442 ($679) -6.71% Workers Compensation $0 $0 $0 $0 $0 0.00% All Other Personnel $155 $500 $500 $175 $ % Contractual Services $3,238,982 $3,256,056 $3,256,056 $3,376,000 $137, % Commodities $0 $100 $100 $100 $ % Capital Items $0 $18,700 $18,700 $0 $0 0.00% Debt Service $61,254 $64,200 $64,200 $72,606 $11, % Transfers Out $0 $0 $0 $0 $0 0.00% Total Expenditures $3,359,964 $3,397,024 $3,397,024 $3,508,004 $148, % Surplus (Deficit) $332,894 $125,076 $125,076 $957 Page 20

21 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue E-911 Fund Revenues & Other Sources Total YE Revised Variance to Prior Year % Variance to Emergency Telephone Receipts $465,915 $500,000 $500,000 $470,000 $4, % Misc. Other $0 $0 $0 $0 $0 0.00% Transfers In $812,568 $812,568 $812,568 $925,000 $112, % Total Revenues $1,278,483 $1,312,568 $1,312,568 $1,395,000 $116, % Source of Expenditure E-911 Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to ANI/ALI Fees $31,600 $31,600 $31,600 $22,883 ($8,717) % Contractual Services $1,304,212 $1,297,968 $1,297,968 $1,338,192 $33, % Capital Items $0 $7,000 $7,000 $0 $0 0.00% Total Expenditures $1,335,812 $1,336,568 $1,336,568 $1,361,075 $25, % Surplus (Deficit) ($57,329) ($24,000) ($24,000) $33,925 Page 21

22 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Parking Fund Revenues & Other Sources Total YE Revised Variance to Prior Year % Variance to Parking Revenue $195,287 $200,000 $200,000 $200,000 $4, % Police Penalties $91,542 $220,000 $220,000 $100,000 $8, % Employee Contributions $2,246 $0 $0 $2,545 $ % Misc. Other $3,960 $5,000 $5,000 $2,000 ($1,960) % Transfers In $0 $0 $0 $0 $0 0.00% Total Revenues $293,035 $425,000 $425,000 $304,545 $11, % Source of Expenditure Parking Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to Regular Salaries $186,986 $161,600 $161,600 $197,304 $10, % Overtime $1,124 $5,600 $5,600 $5,600 $4, % Medical, Dental, Unemployment $29,078 $20,881 $20,881 $27,701 ($1,377) -4.74% Workers Compensation $0 $0 $0 $0 $0 0.00% All Other Personnel $279 $5,500 $5,500 $300 $ % Contractual Services $108,053 $137,000 $137,000 $125,547 $17, % Commodities $17,898 $20,700 $20,700 $19,000 $1, % Capital Items $29,700 $29,700 $29,700 $530,500 $500, % Debt Service $0 $0 $0 $0 $0 0.00% Transfers Out $37,000 $37,000 $37,000 $340,357 $303, % Total Expenditures $410,118 $417,981 $417,981 $1,246,309 $836, % Surplus (Deficit) ($117,083) $7,019 $7,019 ($941,764) Page 22

23 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Water Fund Revenues & Other Sources Total YE Revised Variance to Prior Year % Variance to Water User charges $6,673,901 $6,955,000 $6,955,000 $8,723,398 $2,049, % Employee Contributions $12,382 $0 $0 $11,024 ($1,358) % Misc. Other $60,892 $49,000 $49,000 $49,000 ($11,892) % Transfers In $0 $0 $0 $0 $0 0.00% Total Revenues $6,747,175 $7,004,000 $7,004,000 $8,783,422 $2,036, % Source of Expenditure Water Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to Regular Salaries $643,128 $641,686 $641,686 $648,602 $5, % Overtime $58,534 $78,200 $78,200 $85,000 $26, % Medical, Dental, Unemployment $120,854 $110,734 $110,734 $120,074 ($780) -0.65% Workers Compensation $0 $0 $0 $0 $0 0.00% All Other Personnel $13,305 $56,900 $56,900 $12,126 ($1,179) -8.86% Water Purchases Chicago $3,320,989 $3,500,000 $3,500,000 $4,250,000 $929, % Contractual Services $203,390 $224,100 $224,100 $240,635 $37, % Commodities $368,866 $407,000 $407,000 $401,000 $32, % Capital Items $539,499 $670,600 $670,600 $1,773,600 $1,234, % Debt Service $0 $0 $0 $0 $0 0.00% Transfers Out $1,843,566 $1,843,566 $1,843,566 $1,871,842 $28, % Total Expenditures $7,112,131 $7,532,786 $7,532,786 $9,402,879 $2,290, % Surplus (Deficit) ($364,956) ($528,786) ($528,786) ($619,457) Page 23

24 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Sewer Fund Revenues & Other Sources Total YE Revised Variance to Prior Year % Variance to Sewer User Charge $1,480,289 $1,586,000 $1,586,000 $1,838,900 $358, % Intergovernmental $431,250 $356,250 $356,250 $225,000 ($206,250) % Employee Contributions $6,371 $0 $0 $5,106 ($1,265) % Misc. Other $18,214 $75,000 $75,000 $25,000 $6, % Transfers In $0 $0 $0 $0 $0 0.00% Total Revenues $1,936,124 $2,017,250 $2,017,250 $2,094,006 $157, % Source of Expenditure Sewer Fund Expenditures & Other Uses Total YE Revised Variance to Prior Year % Variance to Regular Salaries $291,845 $284,700 $284,700 $281,418 ($10,427) -3.57% Overtime $13,215 $20,000 $20,000 $20,000 $6, % Medical, Dental, Unemployment $66,950 $53,619 $53,619 $55,580 ($11,370) % Workers Compensation $0 $0 $0 $0 $0 0.00% All Other Personnel $7,302 $17,100 $17,100 $7,519 $ % Contractual Services $237,462 $141,000 $141,000 $149,250 ($88,212) % Commodities $92,530 $96,000 $96,000 $96,000 $3, % Capital Items* $715,049 $807,000 $807,000 $451,800 ($263,249) % Debt Service $0 $0 $0 $0 $0 0.00% Transfers Out $68,200 $68,200 $68,200 $357,216 $289, % Total Expenditures $1,492,553 $1,487,619 $1,487,619 $1,418,783 ($73,770) -4.94% Surplus (Deficit) $443,571 $529,631 $529,631 $675,223 *Capital Items in Sewer Fund include capitalization and depreciation in 2009/10 and 2010/11 Page 24

25 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Uptown TIF Fund Revenues & Other Sources Total YE Original Revised Variance to Prior Year % Variance to Property Taxes $2,486,782 $3,240,914 $3,240,914 $2,475,644 ($11,138) -0.45% Intergovernmental $320,000 $320,000 $320,000 $0 ($320,000) % Misc. Other $0 $0 $0 $0 $0 0.00% Transfer In $1,095,967 $0 $0 $0 ($1,095,967) % Total Revenues $3,902,749 $3,560,914 $3,560,914 $2,475,644 ($1,427,105) % Source of Expenditure Uptown TIF Fund Expenditures & Other Uses Total YE Original Revised Variance to Prior Year % Variance to School & Park District $608,441 $747,307 $747,307 $523,441 ($85,000) % Contracting $15,000 $5,000 $5,000 $0 ($15,000) % Capital Items $393,155 $400,000 $400,000 $0 ($393,155) % Transfers Out $2,618,946 $2,618,947 $2,618,947 $2,725,097 $106, % Total Expenditures $3,635,542 $3,771,254 $3,771,254 $3,248,538 ($387,004) % Surplus (Deficit) $267,207 ($210,340) ($210,340) ($772,894) Page 25

26 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Debt Service Funds Revenues & Other Sources Total YE Original Revised Variance to Prior Year % Variance to Debt Service 1998 $0 $0 $0 $0 $0 0.00% Transfer in for 2012A $0 $0 $0 $130,375 $130, % Transfer in for 2012B $0 $0 $0 $269,133 $269, % Transfer In for 2004A $1,194,518 $1,194,519 $1,194,519 $1,200,669 $6, % Transfer In for 2004B $885,566 $885,566 $885,566 $889,116 $3, % Transfer In for 2005A $321,112 $321,113 $321,113 $421,113 $100, % Transfer In for 2006A $523,500 $523,500 $523,500 $523,500 $0 0.00% Transfer In for 2006B $579,816 $579,815 $579,815 $579,815 ($1) 0.00% Total Revenues $3,504,512 $3,504,513 $3,504,513 $4,013,721 $509, % Source of Expenditure Debt Service Funds Expenditures & Other Uses Total YE Original Revised Variance to Prior Year % Variance to Debt Service 1998 $0 $0 $0 $0 $0 0.00% Debt Service 2012A $0 $0 $0 $130,375 $130, % Debt Service 2012B $0 $0 $0 $269,133 $269, % Debt Service 2004A $1,194,518 $1,194,519 $1,194,519 $1,200,669 $6, % Debt Service 2004B $885,566 $885,566 $885,566 $889,116 $3, % Debt Service 2005A $321,112 $321,113 $321,113 $421,113 $100, % Debt Service 2006A $523,500 $523,500 $523,500 $523,500 $0 0.00% Debt Service 2006B $579,816 $579,815 $579,815 $579,815 ($1) 0.00% Total Expenditures $3,504,512 $3,504,513 $3,504,513 $4,013,721 $509, % Surplus (Deficit) $0 $0 $0 $0 Page 26

27 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Dempster TIF Fund Revenues & Other Sources Total YE Original Revised Variance to Prior Year % Variance to Property Taxes $147,006 $0 $0 $148,711 $1, % Intergovernmental $0 $0 $0 $0 $0 0.00% Misc. Other $0 $0 $0 $0 $0 0.00% Transfer In $0 $0 $0 $0 $0 0.00% Total Revenues $147,006 $0 $0 $148,711 $1, % Source of Expenditure Dempster TIF Fund Expenditures & Other Uses Total YE Original Revised Variance to Prior Year % Variance to Dempster Development $149,526 $0 $0 $147,000 ($2,526) -1.69% Contracting $1,225 $0 $0 $1,000 ($225) % Capital Items $0 $0 $0 $0 $0 0.00% Transfers Out $0 $0 $0 $0 $0 0.00% Total Expenditures $150,751 $0 $0 $148,000 ($2,751) -1.82% Surplus (Deficit) ($3,745) $0 $0 $711 Page 27

28 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue Sewer Construction Fund Revenues & Other Sources Total YE Original Revised Variance to Prior Year % Variance to Bond Proceeds $5,735,689 $0 $0 $0 ($5,735,689) % Intergovernmental $0 $0 $0 $0 $0 0.00% Misc. Other $0 $0 $0 $0 $0 0.00% Transfer In $0 $0 $0 $0 $0 0.00% Total Revenues $5,735,689 $0 $0 $0 ($5,735,689) % Source of Expenditure Sewer Construction Fund Expenditures & Other Uses Total YE Original Revised Variance to Prior Year % Variance to Contracting $14,317 $0 $0 $0 ($14,317) % Capital Items $0 $0 $0 $2,374,030 $2,374, % Transfers Out $0 $0 $0 $0 $0 0.00% Total Expenditures $14,317 $0 $0 $2,374,030 $2,359, % Surplus (Deficit) $5,721,372 $0 $0 ($2,374,030) Page 28

29 Summary 2012/13 City of Park Ridge, Illinois Source of Revenue All Funds Revenues & Other Sources Total YE Original Revised Variance to Prior Year % Variance to Property Taxes $19,256,884 $19,944,950 $19,944,950 $19,491,774 $234, % Sales Taxes $5,594,129 $5,070,000 $5,070,000 $5,277,000 ($317,129) -5.67% Income Taxes $3,027,625 $2,736,040 $2,736,040 $2,968,416 ($59,209) -1.96% Ambulance Tax $768,987 $860,000 $860,000 $790,000 $21, % Food, Beverage, Package Liquor $761,267 $765,000 $765,000 $756,000 ($5,267) -0.69% Utility Taxes $4,027,649 $4,341,000 $4,341,000 $4,367,170 $339, % Licenses $1,470,252 $1,482,475 $1,482,475 $1,475,000 $4, % Building Permits $818,977 $755,000 $755,000 $756,000 ($62,977) -7.69% Parking Garage Tax $600,000 $600,000 $600,000 $600,000 $0 0.00% Intergovernmental $867,951 $946,490 $946,490 $918,129 $50, % Charges for Services $342,494 $368,000 $368,000 $257,200 ($85,294) % Fines and Forfeitures $512,448 $406,000 $406,000 $500,000 ($12,448) -2.43% Miscellaneous $4,996,128 $4,548,400 $4,548,400 $4,488,459 ($507,669) % Employee Contributions $705,837 $0 $0 $751,477 $45, % User Charges $8,154,190 $8,541,000 $8,541,000 $10,562,298 $2,408, % Bond Proceeds $5,735,689 $0 $0 $0 ($5,735,689) % Transfers In $8,593,467 $5,380,281 $5,380,281 $6,564,645 ($2,028,822) % Total Revenues $66,233,974 $56,744,636 $56,744,636 $60,523,568 ($5,710,406) -8.62% Source of Expenditure All Funds Expenditures & Other Uses Total YE Original Revised Variance to Prior Year % Variance to Regular Salaries $17,283,152 $17,584,303 $17,584,303 $17,691,272 $408, % Overtime $1,097,458 $872,300 $872,300 $956,600 ($140,858) % Medical, Dental, Unemployment $3,669,158 $2,939,577 $2,939,577 $4,063,501 $394, % Police & Fire Pension $3,890,329 $3,878,306 $3,241,342 $3,019,028 ($871,301) % Workers Compensation $397,710 $357,000 $357,000 $400,000 $2, % All Other Personnel $267,954 $233,540 $233,540 $401,283 $133, % IMRF & SS $4,098,113 $1,988,318 $1,988,318 $1,981,878 ($2,116,235) % Water Purchases Chicago $3,320,989 $3,500,000 $3,500,000 $4,250,000 $929, % Contractual Services $11,030,636 $10,558,638 $10,847,838 $10,974,967 ($55,669) -0.50% Commodities $2,520,648 $2,712,000 $2,712,800 $2,563,683 $43, % Capital Items $2,820,566 $3,597,776 $3,597,776 $7,812,330 $4,991, % Debt Service $3,565,766 $3,568,713 $3,568,713 $4,086,327 $520, % Contingency $0 $0 $346,964 $0 $0 0.00% Transfers Out $5,497,648 $5,380,281 $5,380,281 $6,564,645 $1,066, % Total Expenditures $59,460,127 $57,170,752 $57,170,752 $64,765,514 $5,305, % Surplus (Deficit) $6,773,847 ($426,116) ($426,116) ($4,241,945) Page 29

30 Historical Comparisons and Current Year Charts Page 30

31 City of Park Ridge Contracting and Material 29% of Total Expenditures - $18.2M Commodities 4% Contractual Services 17% Water Purchases Chicago 7% Page 31