Board of Trustees

VILLAGE OF HANOVER PARK PUBLIC NOTICE OF SPECIAL MEETING OF THE VILLAGE BOARD Public Notice is hereby given pursuant to the Open Meetings Act - Illinois Compiled Statutes, Chapter 5, Act 120, Section 1.01 (5 ILCS 120/1.01 et seq.) that the Village Board of the Village of Hanover Park__________ (Name of public body) HAS SCHEDULED A SPECIAL MEETING FOR July 30, 2026 AT 6:00 p.m. 2121 W. Lake Street, Hanover Park, IL 60133, Room 214 (Location) Agenda Attached Posted on : ________ (Date) By_____________________________________ Kristy Merrill, Village Clerk  VILLAGE OF HANOVER PARK VILLAGE BOARD SPECIAL WORKSHOP MEETING 2121 Lake Street, Room 214, Hanover Park, IL 60133 Thursday, July 30, 2026 6:00 p.m. AGENDA 1. CALL TO ORDER – ROLL CALL 2. ACCEPTANCE OF AGENDA 3. DISCUSSION ITEMS a. Second Quarter 2026 Financial Report 4. ADJOURNMENT AGENDA MEMORANDUM TO: Village President and Board of Trustees FROM: Courtney Sage, Interim Village Manager Remy Navarrete, Finance Director SUBJECT: Review of 2nd Quarter Financial Report ACTION REQUESTED: Approval Concurrence Discussion Information MEETING DATE: July 30, 2026 – Board Workshop ________________________________________________________________________ Executive Summary Staff will present the 2nd Quarter Fiscal Year 2026 financial report. Discussion The Quarterly Financial Reports contain comprehensive snapshots of the Village’s financial position at the close of the preceding quarter, including detailed information about the revenues/expenditures across all Village funds. During this Workshop, the Village Board and staff will review the report, discuss emerging trends or concerns reflected in the financial data, and address any questions the Village Board may have. Attachment: 2nd Quarter Fiscal Year 2026 Financial Report Agreement Name: _________________________________________________________________________________ Executed By: _____________________________________________________________________________________ 2nd Quarter Fiscal Year 2026 Financial Report The following report highlights the financial position of the Village of Hanover Park for the period beginning January 1, 2026, through June 30, 2026 (6 months – 50% of year). Included is the analysis of actual revenues and expenditures, and comparison of the Village’s 2026 budget to actual revenues and expenditures from the previous year 2025. Revenues and expenditures will fluctuate and vary throughout the current year. As the year progresses, the actual amount will be more in line with what was budgeted. The General Fund is analyzed in detail on page 7. The Water and Sewer Fund analysis can be found on page 14. Fund Revenue Sources Capital Project – The sources of revenue are from General Fund transfers, grants and investment interest. The grant listed is from DCEO for the twelve solar-powered speed signs. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget State Grants $0 $40,000 $0 0.00% Investment Interest & Net Fair Value $27,141 $50,000 $32,071 64.14% Reimbursed Expenditures Miscellaneous $0 $46,500 $0 0.00% Other Revenues - SCBA Funding $19,006 $120,945 $60,472 50.00% Transfer from General Fund $673,250 $150,000 $75,000 50.00% Sales/Loss of Capital Assets $7,600 $0 $0 0.00% Total Capital Projects $726,997 $407,445 $167,543 41.12% Commuter Lot – The sources of revenue are the daily parking fees ($1.75 pay-by plate), rental income, and investment interest. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Parking Lot Fee $67,879 $140,675 $78,296 55.66% Investment Interest $32,747 $3,000 $0 0.00% Rental Income $0 $0 $0 0.00% Total Commuter Lot $100,626 $143,675 $78,296 54.50% Central Equipment – The sources of revenue are transfers from the General Fund and Water & Sewer Fund, as well as investment interest. These transfers are based on scheduled/budgeted vehicle/equipment purchases or replacements. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Investment Interest & Net Fair Value $74,761 $100,000 $102,447 102.45% Other Revenues - General Fund $974,247 $2,128,537 $1,064,268 50.00% Other Revenues - Water & Sewer Fund $192,291 $251,755 $125,877 50.00% Sales/Loss of Capital Assets $1,800 $0 $24,475 100% Total Central Equipment $1,243,098 $2,480,292 $1,317,068 53.10% IT Equipment – The sources of revenue are transfers from the General Fund and Water & Sewer Fund, as well as investment interest. These transfers are based on scheduled/budgeted IT equipment purchases or replacements. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Investment Interest & Net Fair Value $23,517 $20,000 $10,207 51.03% Other Revenues - Water & Sewer Fund $14,941 $27,138 $13,569 50.00% Other Revenues - General Fund $233,588 $481,397 $240,699 50.00% Transfer Water & Sewer $0 $19,581 $19,581 100.00% Total I.T. Equipment & Replacement $272,045 $548,116 $284,055 51.82% Motor Fuel Tax – The sources of revenue are the Village’s portion of the State Gasoline Tax on the sale of motor fuel and investment interest. (January 2026 – May 2026 collected). One (1) month lag of revenue. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Intergovernmental Revenues $679,624 $1,700,000 $694,348 40.84% Investment Interest $15,903 $50,000 $16,773 33.55% Total Motor Fuel Tax $695,527 $1,750,000 $711,122 40.64% Road and Bridge – The sources of revenue are a portion of the townships’ annual property tax levy, the Village’s gasoline tax of $0.05 cents, grants, investment interest, and transfers from the General Fund. Anticipated grant revenue includes funding from the federal Surface Transportation Program, the Illinois Transportation Enhancement Program (ITEP), and the Department of Commerce and Economic Opportunity (DCEO). The reimbursed expenditures include Streamwood’s anticipated portion of the Irving Park roadway lighting project Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Township Property Tax $53,959 $95,000 $12,930 13.61% Gasoline Tax $222,495 $516,000 $227,527 44.09% Personal Property Replacement $1,011 $3,000 $1,774 59.15% Grants $0 $519,000 $0 0.00% Investment Interest $93,593 $50,000 $56,991 113.98% Reimbursed Expenditures $500 $300,000 $0 0.00% Other Revenues $0 $0 $94 100.00% Transfers from General Fund $0 $2,740,000 $1,370,000 50.00% Total Road & Bridge $371,558 $4,223,000 $1,669,317 39.53% SSA# 3 (Astor Avenue) – The sources of revenue are property taxes, parking lot permits, and investment interest. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Tax SSA #3 $12,310 $23,018 $11,317 49.17% Parking Lot Permit Fee $2,100 $2,100 $2,120 100.95% Investment Interest $495 $150 $343 228.99% Total SSA #3 $14,905 $25,268 $13,781 54.54% 2 SSA# 4 (Mark Thomas and Leslie Lane) – The sources of revenue are property taxes and investment interest. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Tax SSA #4 $19,948 $37,634 $21,320 56.65% Investment Interest $575 $200 $390 194.89% Total SSA #4 $20,523 $37,834 $21,709 57.38% SSA# 5 (Greenbrook/Tanglewood) – The sources of revenue are property taxes and investment interest. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Tax SSA #5 $216,983 $433,631 $228,694 52.74% Investment Interest $5,727 $1,000 $7,459 745.94% Total SSA #5 $222,710 $434,631 $236,154 54.33% SSA# 6 (Hanover Square Condominium) – SSA #6 was closed in FY2020 after the advance from the General Fund was fully repaid. There is no ongoing tax levy requirement unless the association undertakes additional improvement projects. Revenue sources consist of investment interest and, if applicable, property tax collections should a future project be initiated under SSA #6. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Tax SSA #6 $0 $0 $0 0.00% Investment Interest $1,351 $0 $1,132 100.00% Total SSA #6 $1,351 $0 $1,132 100.00% TIF #3 (Village Center) – This TIF expires in 2036. The sources of revenue are property taxes, investment interest, and other revenues such as façade grant application fees. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Tax Increment TIF #3 $1,046,775 $1,770,000 $1,279,451 72.29% Investment Interest & Net Fair Value $262,714 $150,000 $172,514 115.01% Other Revenues $0 $100 $0 0.00% Total TIF #3 $1,309,489 $1,920,100 $1,451,965 75.62% TIF #4 (Barrington Road and Irving Park) – This TIF expires in 2028. The sources of revenue are property taxes, investment interest, and other revenues such as façade grant application fees. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Tax Increment TIF #4 $296,442 $450,000 $383,565 85.24% Investment Interest & Net Fair Value $34,089 $15,000 $30,888 205.92% Other Revenues $200 $100 $0 0.00% Total TIF #4 $330,731 $465,100 $414,453 89.11% 3 TIF #5 (Irving Park and Wise Road) – This TIF expires in 2036. The sources of revenue are property taxes, investment interest, and other revenues such as façade grant application fees. The assessment for the Wise Road townhomes is reflected in the 2025 tax levy year. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Tax Increment TIF #5 $147,348 $200,000 $253,579 126.79% Investment Interest & Net Fair Value $15,677 $10,000 $15,453 154.53% Other Revenues $0 $100 $0 0.00% Total TIF #5 $163,024 $210,100 $269,031 128.05% MWRD (Metropolitan Water Reclamation District) – The sources of revenue are investment interest and transfers from the General Fund. For FY2026, the budget was approved utilizing MWRD fund balance rather than a General Fund transfer. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Investment Interest $5,023 $1,000 $2,871 287.09% Transfers from General Fund $0 $0 $0 0.00% Total MWRD $5,023 $1,000 $2,871 287.09% State Restricted – The sources of revenue are from a sharing agreement with the State of Illinois through joint investigations resulting in seizure of currency or drugs in criminal enterprises. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget DUI Fines $9,674 $15,000 $10,655 71.03% Traffic Court Supervision ($5) $0 ($15) 0.00% Investment Interest $4,585 $2,500 $3,755 150.19% Drug Forfeiture $7,508 $10,000 $2,879 28.79% Sex Offender $655 $980 $595 60.71% Total State Restricted $22,416 $28,480 $17,869 62.74% Federal Restricted – The sources of revenue are from a sharing agreement with the Department of Justice through joint investigations that result in seizure of currency in criminal enterprises. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Investment Interest $59 $100 $49 49.46% Drug Forfeiture $0 $1,000 $0 0.00% Total Federal Restricted $59 $1,100 $49 4.50% Foreign Fire Insurance Tax – The sources of revenue are State taxes imposed on fire insurance policies written by insurance companies located outside of the State of Illinois, and investment interest. The expenditures for this fund are evaluated and determined by the Foreign Fire Insurance Board, which is comprised of Fire Department members, by State statute. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Foreign Fire Insurance $0 $45,000 $0 0.00% Investment Interest $4,051 $2,500 $2,990 119.58% Total Foreign Fire Insurance $4,051 $47,500 $2,990 6.29% 4  National Opioid Settlement Fund – This fund is used to monitor Opioid Settlement and usage due to quarterly reporting needed. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget National Opioid Settlement $7,304 $23,000 $3,838 16.69% Investment Interest $793 $100 $880 880.40% Total National Opioid Settlement $8,096 $23,100 $4,718 20.42% 2020 GO Refunding Bond – This is a combination of the bonds for the construction of Fire Station #1 and Police Station. This is scheduled to be paid off by December 2030. The sources of revenue are property taxes and investment interest. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Tax $783,955 $1,441,400 $786,970 54.60% Investment Interest & Net Fair Value $18,977 $15,000 $11,299 75.33% Total 2020 GO Refunding $802,931 $1,456,400 $798,269 54.81% SUMMARY ALL FUNDS REVENUES For 2nd Quarter of Fiscal Year 2026 Ending June 30, 2026 Fund FY 2026 FY 2025 Percent Budget YTD Actual YTD Actual FY2026 FY2025 YTD Budgeted Amended Budget Collected Amendments June (50%) June (50%) Comparison (50%) General Fund $ 50,845,692 $ - $ 50,845,692 $ 20,569,739 40.46% $ 20,970,012 $ (400,273) Motor Fuel Tax 1,750,000 - 1,750,000 711,122 40.64% 695,527 15,595 Road & Bridge 4,223,000 - 4,223,000 1,669,317 39.53% 371,558 1,297,759 SSA # 3 25,268 - 25,268 13,781 54.54% 14,905 (1,125) SSA # 4 37,834 - 37,834 21,709 57.38% 20,523 1,186 SSA # 5 434,631 - 434,631 236,154 54.33% 222,710 13,444 MWRD Fields 1,000 - 1,000 2,871 287.09% 5,023 (2,152) State Restricted Funds 28,480 - 28,480 17,869 62.74% 22,416 (4,547) Federal Restricted Funds 1,100 - 1,100 49 4.50% 59 (10) Foreign Fire Insurance Tax Fund 47,500 - 47,500 2,990 6.29% 4,051 (1,061) National Opioid Settlement Fund 23,100 - 23,100 4,718 20.42% 8,096 (3,378) TIF # 3 1,920,100 - 1,920,100 1,451,965 75.62% 1,309,489 142,476 TIF # 4 465,100 - 465,100 414,453 89.11% 330,731 83,722 TIF # 5 210,100 - 210,100 269,031 128.05% 163,024 106,007 2020 GO Refunding Bond Fund 1,456,400 - 1,456,400 798,269 54.81% 802,931 (4,663) SSA #6 - - - 1,132 100.00% 1,351 (219) Capital Projects 367,445 40,000 407,445 167,543 41.12% 726,997 (559,454) Water and Sewer Fund $20,395,020 - 20,395,020 $6,233,704 30.56% 6,192,584 41,121 Commuter Lot 143,675 - 143,675 78,296 54.50% 100,626 (22,330) Central Equipment 2,480,292 - 2,480,292 1,317,068 53.10% 1,243,098 73,970 IT Equipment Replace. Funds 528,535 19,581 548,116 284,055 51.82% 272,045 12,010 Total $ 85,384,272 $59,581 $ 85,443,853 $ 34,265,836 40.13% $ 33,477,759 $ 788,078 5  All Fund Expenditures Summary – above and below budget as of June 30, 2026 (50%) • Above 50% - IT Equipment – Expenses were $406,749 or 58.83% of the budgeted amount, which resulted in an increase of $354,612 from last year’s Q2 actual. This is due to the upfront payment for Year 1 of the Axon Enterprises contract in the amount of $359,341.69. • All other funds are below 50% - Construction season has recently begun, and project bids have been approved. As a result, expenditures are expected to increase over the coming months. The remaining expenses primarily consist of routine day-to-day operational costs. SUMMARY ALL FUNDS EXPENDITURES For 2nd Quarter of Fiscal Year 2026 Ending June 30, 2026 FY 2026 FY 2025 Percent Fund Budget YTD Actual YTD Actual FY2026 FY2025 Original Budget Amended Budget Collected Amendments June (50%) June (50%) Comparison (50%) General Fund $ 50,580,735 $ 22,200 $ 50,602,935 $ 21,155,310 41.81% $ 19,971,924 $ 1,183,386 Motor Fuel Tax 1,600,000 - 1,600,000 672,685 42.04% 861,168 (188,483) Road & Bridge 5,338,000 1,244,895 6,582,895 745,686 11.33% 1,434,475 (688,789) SSA # 3 23,871 - 23,871 10,690 44.78% 12,993 (2,303) SSA # 4 37,634 - 37,634 15,123 40.18% 16,770 (1,647) SSA # 5 557,092 - 557,092 75,085 13.48% 86,446 (11,362) MWRD Fields 59,330 15,000 74,330 20,057 26.98% 86,173 (66,116) State Restricted Funds 50,032 - 50,032 12,920 25.82% 34,818 (21,897) Federal Restricted Funds 500 - 500 - 0.00% - - Foreign Fire Insurance Tax Fund 130,000 - 130,000 - 0.00% 4,800 (4,800) Nationl Opioid Settlement Fund 36,920 - 36,920 2,738 7.42% 7,490 (4,752) TIF # 3 7,942,350 - 7,942,350 125,601 1.58% 69,178 56,423 TIF # 4 1,970,000 36,136 2,006,136 24,542 1.22% 59,859 (35,317) TIF # 5 260,000 - 260,000 13,498 5.19% 13,645 (146) 2020 GO Refunding Bond Fund 1,442,400 - 1,442,400 125,842 8.72% 150,900 (25,058) SSA #6 - - - - 0.00% - - Capital Projects 1,600,179 159,986 1,760,165 540,186 30.69% 269,233 270,953 Water and Sewer Fund 20,290,027 807,185 21,097,212 6,139,570 29.10% 6,134,184 5,386 Commuter Lot 147,132 8,400 155,532 35,931 23.10% 135,518 (99,587) Central Equipment 813,900 2,387,812 3,201,712 549,661 17.17% 729,538 (179,876) IT Equipment Replace. Funds 671,814 19,581 691,395 406,749 58.83% 52,137 354,612 Total $ 93,551,916 $4,701,195 98,253,111 30,671,875 31.2% $30,131,250 $ 540,625 6  General Fund Highlights The Village has collected $20,569,739 or 40.46% of the budgeted revenue. This is a decrease of $400,273 from last year’s Q2 actual. The bulk of the decreases are property taxes, fees, fines, investment and miscellaneous revenues; however, there have been increases in sales tax, real estate transfers, and income tax revenue received. Expenditures are $21,155,310 or 41.81% of the budgeted amount. This is an increase of $1,183,386 from last year’s actual expenditures, primarily due to the interfund transfers. General Fund Actual Revenues and Expenditures Ending June 30, 2026 $60,000,000 $50,000,000 $20,569,739 $50,845,692 $21,155,310 $50,602,935 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $- Revenue Expenditure Actual Budget General Fund Revenues Property Taxes - Property tax represents 23.49% of total budgeted General Fund revenues. The Village has received the 1st installments from Cook and DuPage Counties. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Property Taxes - Cook $2,932,082 $2,741,529 23% $11,942,296 Property Taxes - DuPage $3,405,079 $3,402,088 28% Total Property Taxes $6,337,161 $11,942,296 $6,143,617 51% Utility Taxes – These taxes represent 2.96% of total budgeted General Fund revenues. This category includes taxes on telecommunications, electricity, and natural gas services. The telecommunications tax is imposed at a rate of 6% of the gross charge on residents’ telecommunications bills. This revenue source continues to decline as consumers shift to data plans for cell services, which are not taxable. Three (3) month lag in collecting revenue. The electric utility tax follows a tiered rate structure based on usage. One (1) month lag in collecting revenue. The Village’s natural gas tax is charged at a flat rate of 0.03 per therm. One (1) month lag in collecting revenue. Both the electric and natural gas taxes can fluctuate based on seasonal outdoor temperatures. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Telecommunication $65,277 $250,000 $64,624 26% Electric $337,830 $870,000 $348,497 40% Natural Gas $276,737 $385,000 $265,602 69% Total Utility Taxes $679,844 $1,505,000 $678,723 45% 7 General Sales & Use Taxes – These taxes represent 41.72% of total budgeted General Fund revenues. The Village has collected through March 2026 for general sales and use taxes. Three (3) month lag in collecting revenues. Hotel/Motel Tax revenues are collected and distributed on a quarterly basis. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Basic Sales $2,393,334 $11,300,000 $2,641,902 23% Home Rule Sales $2,178,993 $9,700,000 $2,371,274 24% Local Use $61,369 $140,138 $77,066 55% Auto Rental $4,258 $20,000 $5,881 29% Hotel/Motel $21,117 $55,000 $23,632 43% Total Sales/Use Taxes $4,659,071 $21,215,138 $5,119,755 24% Food and Beverage Tax – This source represents 3.54% of total budgeted General Fund revenues. This is an imposed tax of 3% upon the purchase of alcoholic liquor, food and beverages at any retail food establishment within the Village. One (1) month lag in collecting revenues. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Food & Beverage Tax $717,755 $1,800,000 $774,210 43% Real Estate Transfer Tax – This source represents 0.98% of total budgeted General Fund revenues. This is an imposed tax of $1.50 for each $500 on the transfer of title to real estate property located in the Village, as evidenced by the recordation of a deed. This represents 330 transactions. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Real Estate Transfer Tax $231,840 $500,000 $307,113 61% Cannabis Use Tax – This source represents 0.12% of total budgeted General Fund revenues. A portion of the state excise tax is allocated to local governments based on population. These funds must be used to fund crime prevention programs, training, and interdiction efforts, including detection, enforcement, and prevention efforts, relating to the illegal cannabis market, and driving under the influence of cannabis. Two (2) month lag in collecting revenues Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Cannabis Use Tax $19,838 $60,327 $20,471 34% Push & Video Gaming Tax – These taxes represent 0.53% of total budgeted General Fund revenues. Net terminal income (NTI) is defined as the money put into a video gaming terminal (VGT) minus the credits paid to the player. Of the 30% of the State’s portion of the NTI generated from each licensed VGT, the local municipality receives 5 percent. Two (2) month lag in collecting revenues. The push tax ($0.01 per play) is imposed upon any person who participates in the play of a video gaming terminal that takes place within the Village. Every terminal operator of a video gaming terminal is required to collect the push tax. One (1) month lag in collecting revenue. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Push Tax $33 $0 $53 100% Video Gaming Tax $99,060 $270,000 $90,256 33% Total Push & Video Gaming Tax $99,093 $270,000 $90,309 33% 8 Licenses – Licenses represent 0.83% of total budgeted General Fund revenues. Business, liquor, and tobacco license renewals are typically received during the first month of the calendar year. Thus far, business and liquor license revenues are lower than anticipated. Contractor licenses revenues are expected to increase during construction season. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Business Licenses $59,315 $66,000 $61,375 93% Liquor Licenses $74,473 $78,473 $63,832 81% Contractor's Licenses $24,245 $45,000 $26,155 58% Vendor/Solicitor Licenses $900 $1,000 $73 7% Tobacco Licenses $22,100 $23,000 $21,225 92% Penalties on Licenses $14,917 $37,000 $15,235 41% Multi-Family Licenses $78,575 $98,100 $94,600 96% Single Family Rental Licenses $37,500 $72,000 $35,700 50% Total Licenses $312,025 $420,573 $318,195 76% Permits – Permits represent 1.89% of total budgeted General Fund revenues. Building permit revenue is expected to increase during construction months. Video gaming terminal permit renewals were due May 1st and thus far, is below anticipated budget. A permit is required for the construction, operation, or maintenance of utilities within the Village’s public right-of-way. Due to fiber installations, there has been an increase in utility permits received. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Building Permits - Cook & DuPage $316,971 $852,000 $308,255 36% Sign Permits $291 $1,200 $467 39% Video Gaming Terminal Permits $102,500 $109,500 $90,000 82% Utility Permits $0 $0 $3,618 100% Total Permits $419,762 $962,700 $402,340 42% Fees – Fees represent 4.96% of total budgeted General Fund revenues. This variance is primarily due to timing differences in the monthly collection of fees rather than a decline in underlying activities. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Solid Waste Franchise Fee $68,194 $135,000 $69,271 51% Building Reinspection & Misc. $200 $700 $150 21% Plan Review Insp. Srv. & Engineering $58,498 $123,000 $47,190 38% Land Use Development $13,125 $10,000 $0 0% Cable Franchise Fee $53,786 $220,000 $47,467 22% Ground Emergency Medical Transport $563,932 $500,000 $476,726 95% (GEMT) Immobilization Fee $1,350 $3,000 $2,250 75% Ambulance Fee $676,400 $1,000,000 $424,966 42% CPR Fee $2,050 $4,500 $1,495 33% Vehicle Impound Fee $221,362 $450,000 $177,647 39% Misc. Fees (ADT, HI lighter Advertising) $4,482 $8,400 $4,577 54% Overweight Vehicle Fee $4,909 $20,000 $2,760 14% Foreclosure Registration Fee $17,306 $45,000 $12,461 28% Total Fees $1,685,594 $2,519,600 $1,266,959 50% 9 Personal Property Replacement Tax – This source represents 0.24% of total budgeted General Fund revenues. This revenue is distributed by the Illinois Department of Revenue (IDOR) to help replace revenue lost when local governments were no longer authorized to impose personal property taxes. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Personal Property Tax $63,359 $120,000 $64,187 53% State Income Tax LGDF – LGDF represents 13.26% of total budgeted General Fund revenues. This revenue is based on a portion of State Income Tax receipts distributed to the Village on a per-capita basis (population). One (1) month lag in collecting revenues. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget State Income Tax $3,839,409 $6,744,600 $3,939,691 58% Grants – Grants represent 0.04% of total budgeted General Fund revenues. Anticipated grants include ILETSB and IRMA. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget State Grants $9,476 $15,000 $0 0% Other Government Grants $3,000 $4,700 $3,000 64% Total Grants $12,476 $19,700 $3,000 15% Fines – Fines represent 1.91% of total budgeted General Fund revenues. This revenue varies due to timing differences in the monthly collection of fines rather than a decline in underlying activity in the 1st quarter. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Traffic Fines - Cook $2,729 $10,000 $3,619 36% Traffic Fines - DuPage $177,694 $275,000 $120,245 44% Ordinance Violations $413,811 $582,000 $338,206 58% Police False Alarm Fines $200 $1,000 $325 33% Fire Alarm Fines $1,775 $3,000 $625 21% Red Light Camera $600 $100,000 $17,087 17% Kennel Fees Fines $235 $1,000 $225 23% Total Fines $597,044 $972,000 $480,332 49% Investment interest – This source represents 2.46% of total budgeted General Fund revenues. The increase/decrease in investment is due to fluctuation of rates ranging from upper 3.00% to low 4.75% for CDs, Money Market, Treasury notes, and maturities of investment. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Investment interest and Net in Fair Value $607,316 $1,250,000 $485,700 47% 10 Miscellaneous Revenue – These revenues represent 1.07% of total budgeted General Fund revenues. Revenues included in the total are rental income and reimbursement checks from our risk management company IRMA, the Corporate Partnership Program etc. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Printed Materials $2,360 $6,000 $3,465 58% Rental Income & Interest $170,993 $238,377 $191,399 80% Reimbursed ILETSB Reimbursement $0 $10,332 $6,261 61% Reimbursed Police Program $62,584 $70,000 $44,959 64% Reimbursed Expenditures Fire $6,970 $20,000 $4,381 22% Reimbursed Expenditures Miscellaneous $91,648 $100,000 $173,466 173% Reimbursed Expenditures DuPage Mowing $5,225 $20,030 $3,045 15% Reimbursed Expenditures ILEAS $6,879 $450 $0 0% Reimbursed Exp. Hazardous Material $2,931 $0 $278 100% Reimbursed Exp. OJP Bullet Proof Vest $1,375 $6,300 $0 0% Miscellaneous Income $313,668 $46,000 $27,652 60% Corporate Partnership Program $16,350 $14,000 $14,100 101% Central Equipment Funding W&S $7,440 $12,269 $6,135 50% Total Miscellaneous Revenue $688,423 $543,758 $475,139 87% GENERAL FUND REVENUES BY CATEGORY For 2nd Quarter of Fiscal Year 2026 Ending June 30, 2026 FY 2026 FY 2025 Percent Category YTD Actual YTD Actual FY2026 FY2025 YTD Budgeted Amended Budget Collected June (50%) June (50%) Comparison (50%) Property Taxes $ 11,942,296 $ 11,942,296 $ 6,143,617 51.44% $ 6,337,161 $ (193,544) Utility Taxes 1,505,000 1,505,000 678,723 45.10% 679,844 (1,121) General Sales and Use Taxes 21,215,138 21,215,138 5,119,755 24.13% 4,659,071 460,683 Food & Beverage 1,800,000 1,800,000 774,210 43.01% 717,755 56,455 Real Estate Transfer Tax 500,000 500,000 307,113 61.42% 231,840 75,273 Cannabis Use Tax 60,327 60,327 20,471 33.93% 19,838 633 Push & Video Gaming Tax 270,000 270,000 90,309 33.45% 99,093 (8,785) Licenses 420,573 420,573 318,195 75.66% 312,025 6,169 Permits 962,700 962,700 402,340 41.79% 419,762 (17,422) Fees 2,519,600 2,519,600 1,266,959 50.28% 1,685,594 (418,635) Personal Property 120,000 120,000 64,187 53.49% 63,359 828 Income Tax 6,744,600 6,744,600 3,939,691 58.41% 3,839,409 100,281 Grants 19,700 19,700 3,000 15.23% 12,476 (9,476) Fines 972,000 972,000 480,332 49.42% 597,044 (116,713) Investment Revenue 1,250,000 1,250,000 485,700 38.86% 607,316 (121,616) Miscellaneous Revenue 543,758 543,758 475,139 87.38% 688,423 (213,284) Interfund Transfers In - - 0.00% - - Total $50,845,692 $50,845,692 $20,569,739 40.46% $20,970,012 $ (400,273) 11  General Fund Property Taxes Actual Revenues by Type Utility Taxes 480,332 General Sales and Use Taxes 485,700 Food & Beverage 3,000 475,139 Real Estate Transfer Tax Cannabis Use Tax Push & Video Gaming Tax 64,187 3,939,691 $6,143,617 Licenses 1,266,959 Permits Fees 402,340 5,119,755 Personal Property Income Tax 318,195 Grants 90,309 Fines 678,723 Investment Revenue 20,471 774,210 Miscellaneous Revenue 307,113 Interfund Transfers In General Fund Expenditures Overall, all Village departments remain on track with the expected spending level of 50% for the six-month period, with only slight variances. Elected Officials/Boards/Commissions expenditures are slightly above the expected level at 51.85%, primarily due to membership subscriptions made during the second quarter. The Finance Department is above the expected spending level at 54.01% due to the upfront payment of the annual IRMA liability insurance premium totaling $599,033. GENERAL FUND EXPENDITURES BY DEPARTMENT For 2nd Quarter of Fiscal Year 2026 Ending June 30, 2026 FY 2026 FY 2025 Percent Departments Budget YTD Actual YTD Actual FY2026 FY2025 Original Budget Amended Budget Collected Amendments June (50%) June (50%) Comparison (50%) Elected Officals/ Boards/Commissions $ 394,589 $ 2,200 $ 396,789 $ 205,722 51.85% $ 193,972 $ 11,750 Finance 2,197,433 20,000 2,217,433 1,197,538 54.01% 1,266,331 (68,793) Administration 3,256,046 - 3,256,046 1,451,705 44.58% 1,540,873 (89,168) Public Works 6,283,786 - 6,283,786 2,401,811 38.22% 2,310,034 91,777 Fire 11,603,299 - 11,603,299 5,290,363 45.59% 5,039,829 250,534 Police 19,774,254 - 19,774,254 8,795,468 44.48% 8,663,112 132,356 Community Development 4,181,328 - 4,181,328 367,704 8.79% 284,524 83,179 Interfund/Cap Transfers 2,890,000 - 2,890,000 1,445,000 50.00% 673,250 771,750 Total $50,580,735 $ 22,200 $50,602,935 $21,155,310 41.81% $19,971,924 $ 1,183,386 12  General Fund Actual Expenditures by Department $205,722 Elected Officals/ 1,445,000 1,197,538 367,704 Boards/Commissions Finance 1,451,705 Administration 2,401,811 Public Works 8,795,468 Fire 5,290,363 Police Community Development Interfund/Cap Transfers Expenses are classified by the following types: Personnel Services – This category includes wages, overtime, taxes, pensions, and insurance premiums. Personnel accounted for 68.31% of total FY2026 total budgeted General Fund expenditures. Commodities – This category includes general materials or equipment needed for daily operation, including gasoline, office supplies, uniforms, and tools. Commodities accounted for 2.69% of total FY2026 total budgeted General Fund expenditures. Contractual Services – This category includes third-party services or programs, such as engineering, trainings, subscriptions, and equipment rentals. Contractual services accounted for 23.29% of total FY2026 total budgeted General Fund expenditures. Interfund Transfer – This category includes transfers to other Village Funds, including Central Equipment and Capital Projects. It accounts for 5.71% of total FY2026 total budgeted General Fund expenditures. General Fund Expenses by Classification FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Personnel Services $14,623,343 $34,565,796 $15,035,044 43% Commodities $698,911 $1,361,904 $524,957 39% Contractual $3,976,420 $11,785,235 $4,150,309 35% Interfund Transfer $673,250 $2,890,000 $1,445,000 50% Total General Fund Expenses $19,971,924 $50,602,935 $21,155,310 42% 13  Water and Sewer Fund Highlights The Water and Sewer Fund is a self-supporting enterprise fund where revenues generated through water and sewer rates cover the expenses related to operation of utilities. The Village’s water customer base includes approximately 11,000 accounts billed every month. Water/sewer sales and infrastructure fees are the primary sources of revenue for this fund. The water/sewer sales and infrastructure fee rate is based upon the approved FY2024-2027 Water/Sewer Rate Study. The Village collected $6,233,704 or 30.56% of the budgeted revenue, which is an increase of $41,121 from last year’s Q2 actual. Expenditures were $6,139,570 or 29.10% of the budgeted amount, which is an increase of $5,386 compared to Q2 last year. Water and Sewer Fund Actual Revenues and Expenditures Ending June 30, 2026 $25,000,000 $20,000,000 $6,233,704 $20,395,020 $6,139,570 $21,097,212 $15,000,000 $10,000,000 $5,000,000 $- Revenue Expenditure Actual Budget Water and Sewer Fund Revenues Water Sales – Sales represent 38.54% of total budgeted Water & Sewer Fund revenues. Water sales are entirely dependent on water consumed, with weather playing a key role, especially during the summertime. On January 1, 2026, the Village increased water rates from $10.67 to $11.15 to fund water expenses related to operating expenses and aging infrastructure. One (1) month lag in billing residents. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Water Sales - Cook $1,581,143 $4,125,500 $1,582,807 38% Water Sales - DuPage $1,393,140 $3,735,250 $1,414,756 38% Total Water Sales $2,974,283 $7,860,750 $2,997,563 38% Sewer Sales – Sales represent 15.07% of total budgeted Water & Sewer Fund revenues. The sewer sales are entirely dependent on water consumed, with the weather playing a key role. On January 1, 2026, the Village increased sewer rates from $2.36 to $2.47 for Cook, and $6.36 to $6.64 for DuPage to fund sewer expenses related to operating expenses and aging infrastructure. One (1) month lag in billing residents. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Sewer Sales - Cook $352,838 $916,370 $354,770 39% Sewer Sales - DuPage $814,343 $2,158,000 $826,008 38% Total Sewer Sales $1,167,181 $3,074,370 $1,180,777 38% 14 Infrastructure Fees – Fees represent 16.75% of total budgeted Water & Sewer Fund revenues. An infrastructure fee was put into place to fund the aging water main infrastructure. This charge is based on meter size Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Infrastructure Cook $762,276 $1,644,587 $828,019 50% Infrastructure DuPage $824,529 $1,772,520 $894,350 50% Total Infrastructure Fees $1,586,806 $3,417,107 $1,722,369 50% Penalties – Penalties represent 1.52% of total budgeted Water & Sewer Fund revenues. These are the late fee charges of 10% (after the due date 21st of each month) and the termination fee of $50. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Water & Sewer Penalties $157,458 $310,000 $147,816 48% Tap on Fees – These fees represent 0.47% of total budgeted Water & Sewer Fund revenues. These fees are collected for new construction or replacement connections made to the Village’s water and sewer mains. Tap-on fee revenues may increase during construction months but are expected to fall short of budget in Cook County due to a development project that did not move forward. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Water & Sewer Tap on Fees - Cook $22,243 $94,920 $0 0% Water & Sewer Tap on Fees - DuPage $3,955 $0 $13,938 100% Total Water & Sewer Tap on Fees $26,198 $94,920 $13,938 15% Water Meters – Meters represent 0.09% of total budgeted Water & Sewer Fund revenues. These are fees for any new construction or replacement taps being made on a water/sewer main. The budget is based on anticipated development projects. Water meter revenues may increase during construction months but are expected to fall short of budget in Cook County due to a development project that did not move forward. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Water Meters - Cook $4,469 $18,984 $0 0% Water Meters - DuPage $5,255 $0 $9,554 100% Total Water Meters $9,724 $18,984 $9,554 50% Investment interest – This source represents 0.86% of total budgeted Water & Sewer Fund revenues. The increase/decrease in investment is due to fluctuation of rates ranging from upper 3.00% low 4.75% for CD’s, Money Market, Treasury notes, and maturities of investment. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Investment interest and Net in Fair Value $66,123 $175,000 $47,593 27% Leachate Treatment – This source represents 0.36% of total budgeted Water & Sewer Fund revenues. This revenue is from the Forest Preserve District transporting leachate (landfill) to the Hanover Park Sewage Treatment Plant. One (1) month lag in billing. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Leachate Treatment $32,634 $72,889 $49,332 68% 15  Other Revenues – These revenues represent 1.82% of total budgeted Water & Sewer Fund revenues. These are the NSF fees, recapture fees, replacement cost of radio reads and labor cost for PW, and after-hour service fees (turn water-on). Reimbursement expenditures include Streamwood’s reimbursement for Westview center and Bartlett’s reimbursement for their portion of the engineering and construction cost of the interconnect. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Reimbursed Expenditures Property Damage $3,000 $336,000 $31,501 9% & Miscellaneous Miscellaneous Income $26,081 $35,000 $33,508 96% Total Other Revenues $29,081 $371,000 $65,008 18% Loan Proceeds – This was to be the third IEPA loan for the FY2026 watermain replacement project. The Village did not receive IEPA funding for this year’s project. As a result, loan proceeds are expected to be zero revenues for FY2026. Revenue Source FY2025 Actual FY2026 Budget FY2026 Actual % of Budget IEPA Loan Proceeds $0 $5,000,000 $0 0% WATER AND SEWER FUND REVENUES BY CATEGORY For 2nd Quarter of Fiscal Year 2026 Ending June 30, 2026 FY 2026 FY 2025 Category Percent YTD Actual YTD Actual FY2026 FY2025 YTD Budgeted Amended Budget Collected June (50%) June (50%) Comparison (50%) Penalties, Licenses & Permits $ 310,000 $ 310,000 $ 147,816 47.68% $ 157,458 $ (9,642) Infrastructure Fees 3,417,107 3,417,107 1,722,369 50.40% 1,586,806 135,563 Grants - - - 0.00% 143,096 (143,096) Water Sales 7,860,750 7,860,750 2,997,563 38.13% 2,974,283 23,280 Sewer Sales 3,074,370 3,074,370 1,180,777 38.41% 1,167,181 13,597 Tap on Fees 94,920 94,920 13,938 14.68% 26,198 (12,260) Water Meters 18,984 18,984 9,554 50.33% 9,724 (170) Interest/Investments 175,000 175,000 47,347 27.06% 66,123 (18,776) Leachate Treatment 72,889 72,889 49,332 67.68% 32,634 16,698 Other Revenues 371,000 371,000 65,008 17.52% 29,081 35,927 Loan Proceeds 5,000,000 5,000,000 - 0.00% - - Total $ 20,395,020 $20,395,020 $6,233,704 30.56% $6,192,584 $ 41,121 $49,332 Water and Sewer Fund $47,347 Actual Revenues by Type Penalties, Licenses & $65,008 Permits $9,554 $0 $147,816 Infrastructure Fees $13,938 Grants $1,180,777 $1,722,369 Water Sales Sewer Sales $2,997,563 Tap on Fees $0 Water Meters Interest/Investments 16  Water and Sewer Fund Expenditures Overall, all water and sewer divisions are operating at or below the expected spending level of 50% for the six-month period, with only slight variances. The Water Administration (5010) is slightly above the expected spending level at 52.35% due to the upfront payment of the annual IRMA liability insurance premium totaling $490,118. WATER AND SEWER FUND EXPENDITURES BY DIVISION For 2nd Quarter of Fiscal Year 2026 Ending June 30, 2026 FY 2026 FY 2025 Percent Departments Budget YTD Actual YTD Actual FY2026 FY2025 Original Budget Amended Budget Collected Amendments June (50%) June (50%) Comparison (50%) 5010 - Water Administration 2,736,625 $ - $ 2,736,625 $ 1,432,731 52.35% $ 1,479,977 (47,246) 5020 - Water Treatment 7,060,792 124,243 7,185,035 2,343,527 32.62% 2,467,153 (123,626) 5030 - Water Maintenance 5,987,246 236,520 6,223,766 482,885 7.76% 498,653 (15,768) 5040 - Water Meter Operations 213,871 - 213,871 89,868 42.02% 67,072 22,796 5050 - Sewage Treatment 2,256,930 56,422 2,313,352 886,284 38.31% 901,019 (14,735) 5060 - Sewer Maintenance 653,102 390,000 1,043,102 284,686 27.29% 277,676 7,011 5070 - Depreciation/Debt Service 1,381,461 - 1,381,461 619,589 44.85% 442,634 176,955 Total $20,290,027 807,185 21,097,212 6,139,570 29.10% 6,134,184 5,386 Water and Sewer Fund Actual Expenditures by Department 5010 - Water Administration $619,589 $284,686 5020 - Water Treatment $1,432,731 5030 - Water Maintenance $886,284 5040 - Water Meter Operations $89,868 $2,343,527 5050 - Sewage Treatment 5060 - Sewer Maintenance $482,885 5070 - Depreciation/Debt Service Expenses are classified by the following types: Personnel Services – This category includes wages, overtime, taxes, pensions, and insurance premiums. Personnel accounted for 19.63% of total Water & Sewer budgeted Expenditures. Commodities – This category includes general materials, tools, or equipment needed for daily operation. Commodities accounted for 1.36% of total Water & Sewer budgeted Expenditures. Contractual Services – This category includes third-party services or programs, such as engineering, trainings, subscriptions, and equipment rentals. Contractual services accounted for 45.02% of total Water & Sewer budgeted Expenditures. 17 Debt Service – This category includes payment of the IEPA loan and accounted for 2.63% of total Water & Sewer budgeted Expenditures. Interfund Transfer – No interfund transfers occurred in FY2026. Capital Outlay – This category includes capital projects, such as water main replacement. Capital outlay accounted for 31.36% of total Water & Sewer budgeted Expenditures. Water & Sewer Fund Expenses by Account FY2025 Actual FY2026 Budget FY2026 Actual % of Budget Classification Personnel Services $1,667,520 $4,142,059 $1,568,860 38% Commodities $170,221 $287,546 $100,711 35% Contractual $3,911,459 $9,497,688 $3,940,375 41% Debt Service $141,969 $554,689 $255,771 46% Interfund Transfer $0 $0 $0 0% Capital Outlay $243,015 $6,615,230 $273,854 4% Total Water & Sewer Fund Expenses $6,134,184 $21,097,212 $6,139,570 29% 18