Finance Committee

AGENDA FINANCE COMMITTEE MEETING NO. March 24, 2025 - 6:00 PM Village Hall - Board Room 300 Plaza Circle, Mundelein, IL 60060 I. CALL TO ORDER II. MINUTES APPROVAL A. Motion to approve the Finance Committee meeting minutes from August 26, 2024. III. PUBLIC COMMENTARY IV. FY2026 BUDGET DISCUSSION A. Preliminary FY2026 Budget Presentation V. ADJOURNMENT A. Motion to Adjourn the Finance Committee Meeting. The Village of Mundelein, in compliance with the Americans with Disabilities Act, requests that persons with disabilities who require certain accommodations to allow them to observe and/or participate in this meeting, or who have questions about the accessibility of the meeting or facilities, to contact the ADA Coordinator at 847-949-3200 to allow the Village to arrange accommodations for those persons. Page |1 Page 1 of 40 Finance Committee Meeting Minutes August 26, 2024 I. CALL TO ORDER CALL TO ORDER Trustee Schwenk called the meeting to order at 6:30 PM. Trustees Schwenk, Ross and Juarez were present. II. ATTENDANCE ATTENDANCE Clerk Walsh took the roll call. It indicated as follows: Board Attendance PRESENT: Trustees Schwenk, Juarez, Ross, Lambert, Wilson, Meier, Mayor Lentz ABSENT: None Village Attendance PRESENT: Attorney Cahill, Village Administrator Guenther, Assistant Village Administrator Monroe, Finance Director Miller, Fire Chief Lark, Deputy Police Chief Poynor, Building Department Director Sellas, Community Development Director Orenchuk, Utilities Superintedent Cacioppo ABSENT: Public Works and Engineering Director Boeche III. MINUTES APPROVAL MINUTES APPROVAL A. Motion to approve the Finance Committee Meeting Minutes from June 24, 2024. MINUTES APPROVAL RESULT: Passed [Yes 3, No 0, Abstained 0] MOVER: Trustee Juarez SECONDER: Trustee Berman Ross AYES: Trustee Schwenk, Trustee Juarez, Trustee Berman Ross NAYS: None ABSTAIN: None IV. PUBLIC COMMENTARY PUBLIC COMMENTARY None Page 2 of 40 V. GROCERY TAX DISCUSSION GROCERY TAX DISCUSSION A. Grocery Tax Law and Home Rule Sales Tax Options GROCERY TAX DISCUSSION The Board members discussed the 3 options presentedt by Staff: Option 1 – Do Nothing Keep Home Rule Sales Tax increase of .25% which was effective 7/1/24, and do not implement 1% grocery tax on January 1, 2026. Option 2 – Back to Way Things Were Reduce Home Rule Sales Tax by .25% effective 1/1/25, and implement 1% local grocery tax on January 1, 2026. Option 3 – Implement Village Grocery Tax Keep Home Rule Sales Tax increase of .25% which was effective 7/1/24, and implement 1% grocery tax on January 1, 2026. Finance Director Miller previously had said the impact to the Village from the grocery tax was $500,000. Additional data available (Standard Industrial Classification reports) shows the impact would be closer to $1,000,000. Staff preferred Option 3 which could possibly avoid an increased tax levy. Trustee Juarez asked if Option 1 was chosen, an additional $1,000,000 would need to be found to make up the shortfall. Director Miller said that was correct. Trustee Meier chose a 4th option (not proposed by Staff)--to eliminate both the grocery tax and the .25% tax. She prefers seeing what the impact of losing these dollars would be first, economics can change. The Board decided on Option 1. VI. ADJOURNMENT ADJOURNMENT A. Motion to Adjourn the Financial Committee Meeting. ADJOURNMENT RESULT: Passed [Yes 3, No 0, Abstained 0] MOVER: Trustee Berman Ross SECONDER: Trustee Juarez AYES: Trustee Schwenk, Trustee Juarez, Trustee Berman Ross Page 3 of 40 NAYS: None ABSTAIN: None The Finance Meeting adjourned at 6:56 PM. Page 4 of 40 FY2026 BUDGET PRESENTATION Presentation to the Village Board March 24, 2025 6:00 PM Village Hall Page 5 of 40  MEETING OUTLINE 2 1. FY2025 Budget Recap 11. Roads – FY26 Goals 2. General Fund 12. Street Funding 3. FY2026 Budget Overview 13. Personnel Requests 4. FY2026 Expense Comparison 14. General Fund Balances 5. Increasing Cost Factors 15. Other Funds Balances 6. Capital Projects – What is in? 16. Water / Sewer Rates 7. Capital Projects – What is out? 17. Village Wide Water Consumption 8. Consolidation of Accounts 18. Next Steps 9. Department Review 19. Question / Answer 10. Roads – FY25 Accomplishments Page 6 of 40  BUDGET RECAP – FY2025 3 FY2025 FY2025 PROJECTED BUDGET REVENUES $38,250,000 $40,700,000 EXPENDITURES Boards and Commissions $515,635 $515,635 Administration (Admin, HR, IT, Marketing) $3,070,805 $3,070,805 Building Department $1,256,081 $1,256,081 Community Development $802,323 $802,323 Finance $2,029,692 $2,029,692 Fire Department $7,122,554 $7,122,554 Legal $497,000 $497,000 Police Department $14,946,412 $14,946,412 Public Works $5,412,648 $5,412,648 Non-operational (Capital & Transfers) $2,596,850 $3,385,100 TOTAL EXPENDITURES $38,250,000 $39,038,250 Page 7 of 40  GENERAL FUND 4 REVENUES FY2025 Other Includes: Other Property Tax - Ambulance Fees $11.1M $11.2M - Bank Interest 27.3% 27.5% - Permits - Licenses - Telecommunications Tax Income Tax - Use Tax $5.4M Sales Tax - Hotel Tax 13.3% $13.0M - Video Gaming 31.9% - Fines FY21 FY22 FY23 FY24 FY25 Property Tax $ 9,246,167 $ 9,727,704 $ 9,840,194 $ 10,587,243 $ 11,175,029 Sales Tax $ 10,725,144 $ 11,824,913 $ 12,669,772 $ 12,969,023 $ 13,015,291 Page 8 of 40  GENERAL FUND 5 REVENUES – FY25 PROJECTIONS (Change from Budget)  Sales Tax $350K Increase  Home Rule Sales Tax $600K Increase  Use Tax $400K Increase  Building Permits $800K Increase  Interest $300K Increase Page 9 of 40  GENERAL FUND 6 FY2025 Expenditures by Department Police Fire Public Works Non-operational Administration Finance Building Community Development Boards/Commissions Legal 0 2000 4000 6000 8000 10000 12000 14000 16000 Page 10 of 40  GENERAL FUND 7 FY2025 EXPENDITURES BY OBJECT Other $4.3 M Supplies $2.4 M Services $6.7 M Personnel $28.0 M Page 11 of 40  BUDGET OUTLOOK 2025-2026 8 FY2025 BUDGET FY2025 PROJECTED FY2026 BUDGET REVENUES $38,250,000 $40,700,000 $39,650,000 EXPENDITURES Boards and Commissions $515,635 $515,635 $529,413 Administration (Admin, HR, IT, Marketing) $3,070,805 $3,070,805 $3,509,087 Building Department $1,256,081 $1,256,081 $1,338,608 Community Development $802,323 $802,323 $812,578 Finance $2,029,692 $2,029,692 $1,932,378 Fire Department $7,122,554 $7,122,554 $7,760,759 Legal $497,000 $497,000 $496,000 Police Department $14,946,412 $14,946,412 $15,621,795 Public Works $5,412,648 $5,412,648 $6,022,276 Capital (Non-operational) $1,011,850 $1,800,100 $1,453,600 Transfers (Non-operational) $1,585,000 $1,585,000 $2,787,867 Change to Reserves Increase (Decrease) $0 $1,661,750 $(2,614,361) TOTAL EXPENDITURES $38,250,000 $40,700,000 $39,650,000 Page 12 of 40  REVENUES 9 REVENUES – FY26 BUDGET Sales Tax  5% $350,000 Home Rule Sales Tax  2% $100,000 Cable TV Franchise Fees  60% ($225,000) Cannabis  14% ($100,000) Interest on Investments  9% ($100,000) Page 13 of 40  FY2025 – FY2026 10 EXPENSE COMPARISON $45,000,000 TOTAL BUDGET $40,000,000 $90,000,000 $76,898,000 $73,688,393 $35,000,000 $80,000,000 $70,000,000 $30,000,000 $60,000,000 $25,000,000 $50,000,000 $20,000,000 $40,000,000 $15,000,000 $30,000,000 $10,000,000 $20,000,000 $5,000,000 $10,000,000 $0 General Water / Streets Stormwater Other Funds $0 Corporate Sewer Fund Total Budget Fund FY25 FY26 FY25 FY26 Page 14 of 40  INCREASING COST FACTORS 11  Personnel  Commodities  Pension Contributions  Economic Uncertainty Page 15 of 40  CAPITAL PROJECTS 12 WHAT IS IN?  Roads - $4,600,000  PW Building Roof Replacement - $505,000  Police VoIP Phone System - $110,000  Fire Building Boiler Replacement - $133,000  LED Streetlights - $100,000  Network Infrastructure Modernization - $450,000  Fire Ambulance - $420,000  Stormwater Retention (Wellington & Park) - $950,000 (Stormwater Fund)  Chicago Ave Parking Lot - $250,000 (TIF 3 Fund)  Courtland Commons Parking/Pedestrian Bridge - $550,000 (Grant/ARPA Fund) Page 16 of 40  CAPITAL PROJECTS 13 WHAT IS OUT?  Furniture - Police, Fire & Village Hall - $170,000  Police Chiller - $225,000  Vehicles & Equipment - $490,000  Board Room Dias Microphone System - $40,000  Police radios - $450,000 Page 17 of 40  CONSOLIDATION OF 14 ACCOUNTS  FINANCE  IRMA – General Liability/WC Insurance  HUMAN RESOURCES  Employment Advertising  Physical Exams  Unemployment Claims  INFORMATION TECHNOLOGY  Computer Equipment  Software Support  PUBLIC WORKS  Gas Accounts  Janitorial Supplies  Facility Maintenance  Vehicle Maintenance  Parking (FY26 added) Page 18 of 40  ADMINISTRATION (Includes HR, IT, & Marketing) 15 EXPENDITURES PROJECTED BUDGET PROJECTED BUDGET (201, 202, 204, 205) 2024 2025 2025 2026 Personnel $1,725,228 $1,776,435 $1,776,435 $1,937,697 Services $651,109 $953,060 $953,060 $1,196,300 Supplies $341,221 $341,310 $341,310 $375,090 Capital $174,012 $0 $0 $0 TOTAL $2,891,570 $3,070,805 $3,070,805 $3,509,087 Achievements • New website, mass notifications and agenda software implemented, included a campaign for enrollment of e-newsletters and notifications- assuring a clean email "opt-in" list.. • Coordination of Morris Station ComEd line burial project continues. • Ongoing collaboration and support to community organizations, including Tool Library, O Gauger’s Train club, Mundelein Community Connection, Beautification Committee and Historical Commission • Hired new Communications and Community Engagement Manager • Hired new Management Analyst to contribute to innovative and efficient processes. • Hired CyberClan as outsourced IT partner and included added security of CrowdStrike software and phase one of infrastructure improvements • Implementation of BS&A software as a replacement to OpenGov • Completed sale of 428 N Chicago Avenue to Fenton's Brewing. Goals • Lead strategic review of Archer Business Center long term plan; considering Arts Center, current tenant lease renewals, including long term option for Tighthead, and possible sales to entrepreneur for incubator model; recommend disposition to Board of Trustees in 2025. • FOIA training for Administrative and leadership staff • Improve efficiencies with implementation of BS&A, reducing redundancies and creating greater alignment across Departments • Continue to analyze redundant or outdated processes and reduce expenses accordingly; • Network infrastructure improvement for greater security and innovations. Page 19 of 40  BUILDING DEPARTMENT 16 EXPENDITURES (281) PROJECTED BUDGET PROJECTED BUDGET 2024 2025 2025 2026 Personnel $1,214,685 $1,027,411 $1,027,411 $1,314,308 Services $12,501 $26,450 $26,450 $17,300 Supplies $13,003 $22,220 $22,220 $7,000 TOTAL $1,240,189 $1,256,081 $1,256,081 $1,338,608 Achievements • FY25 Budget was covered in full by permit fees collected. Permit fees collected to so far this fiscal year $1,835,172.80 • Staff has taken in 2208 permit requests FY25 and have approved 1927 • Small project 5-day review has had an 85% success rate, and those permits were reviewed in average 4.9 days • Implementation of new BS&A software for Permitting, Plan Review and Code Enforcement • We continue to support Village of Hawthorn Woods with plan reviews and inspections. Goals • Continue to maintain a high level of professionalism while performing our duties and educate whenever possible. • Continue to deliver very high level of customer service and continue to find ways at improving that and be more efficient. • Continue development of on-line, paperless submittals for permits, registrations, and all applications. • Continue with the training and professional development of staff. Technology of construction is ever changing, and it is vital that inspection staff remain well trained. • New developments in town should bring more permit revenue in the upcoming Calendar and Fiscal Year. We are forecasting a 20% increase in permit fees to be collected for FY26 Page 20 of 40  COMMISSIONS 17 EXPENDITURES PROJECTED BUDGET PROJECTED BUDGET (Various) 2024 2025 2025 2026 Services $253,290 $285,020 $285,020 $284,000 Supplies $37,238 $51,620 $51,620 $63,050 Capital $1,548 $0 $0 $0 TOTAL $292,076 $336,640 $336,640 $347,050 Page 21 of 40  COMMISSIONS 18 Arts Commission Beautification $30,000 Committee $25,000 $15,000 $20,000 $15,000 $10,000 $10,000 $5,000 $5,000 $0 MAC $0 FYE2025 FYE2026 FYE2025 FYE2026 Economic Development Fourth of July Commission Commission $10,500 $250,000 $10,000 $200,000 $150,000 $9,500 $100,000 $9,000 $50,000 $8,500 $0 FYE2025 FYE2026 FYE2025 FYE2026 Page 22 of 40  COMMISSIONS 19 Historical Commission Planning and Zoning $4,000 Commission $600 $3,000 $2,000 $400 $1,000 $200 $0 $0 FYE2025 FYE2026 FYE2025 FYE2026 Police & Fire Commission $75,000 $70,000 $65,000 $60,000 $55,000 FYE2025 FYE2026 Page 23 of 40  COMMUNITY DEVELOPMENT 20 EXPENDITURES PROJECTED BUDGET PROJECTED BUDGET (203) 2024 2025 2025 2026 Personnel $601,203 $632,378 $632,378 $659,678 Services $120,666 $155,025 $155,025 $115,805 Supplies $23,050 $14,920 $14,920 $17,095 TOTAL $744,919 $802,323 $802,323 $812,578 Achievements • Cardinal Square received Certificates of Occupancy for Buildings D1 and D2 (180 apartment units). • Sheldon Woods continues to build out their project with about 25% of the 192 lots left. • Station 250 completed 166-unit apartment construction and opened for new residents. • Coordinated a feasibility study with AMS for an Arts & Business Center. • Five Below (Mundelein Crossings); The Dog Stop, Salon Suites, and Picklr (Townline Square), and Venture Athletics (Oak Creek Plaza) filled major vacancies. Goals • Complete comprehensive zoning text amendments. • Finalize Development Agreement for Ivanhoe Village. • Create Arts and Business Center strategy. • Identify and execute plan for Bank Triangle. Page 24 of 40  COMMUNITY DEVELOPMENT 21 BIG PROGRAM  FY 2026 Request - $175,000 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 BUDGETED FUNDS $25,000 $100,000 $100,000 $125,000 $75,000 $75,000 $75,000 $125,000 $125,000 $175,000 # OF RECIPIENTS 1 6 8 13 11 10 9 7 5 4  Continues to exceed expectations.  Just over $1,000,000 in grants awarded since 2014  The combined community investment is just over $7.5 million.  78 businesses have utilized the program. Page 25 of 40  EXECUTIVE 22 EXPENDITURES PROJECTED BUDGET PROJECTED BUDGET (111) 2024 2025 2025 2026 Personnel $104,533 $107,719 $107,719 $109,278 Services $111,595 $66,800 $66,800 $68,060 Supplies $7,737 $4,475 $4,475 $5,025 Capital $2,013 $0 $0 $0 TOTAL $225,878 $178,994 $178,994 $182,363 Page 26 of 40  FINANCE 23 EXPENDITURES PROJECTED BUDGET PROJECTED BUDGET (231) 2024 2025 2025 2026 Personnel $209,760 $336,666 $336,666 $292,828 Services $1,049,812 $1,673,100 $1,673,100 $1,629,300 Supplies $12,784 $19,926 $19,926 $10,250 TOTAL $1,272,356 $2,029,692 $2,029,692 $1,932,378 Achievements • Increase of the Village's credit rating with S&P Global Ratings to AA-. • Maximized on investment earnings due to higher interest rates. • Implementation of new financial software. Goals • Establish system generated monthly and quarterly financial reports • Campaign to increase Auto-draft Payments for Utility Billing customers. • Establish interface of Paylocity payroll accounting for importing into financial software • Implement vendor ACH payments to ensure deliverability and reduce fraud. Page 27 of 40  FIRE DEPARTMENT 24 EXPENDITURES PROJECTED BUDGET PROJECTED BUDGET (321, 322, 323, 324, 325) 2024 2025 2025 2026 Personnel $5,597,789 $6,089,334 $6,089,334 $6,500,173 Services $572,406 $708,675 $708,675 $919,437 Supplies $302,633 $324,545 $324,545 $341,149 Capital $14,099 $0 $0 $0 TOTAL $6,486,928 $7,122,554 $7,122,554 $7,760,759 Achievements • Responded to 5,017 calls for service, transported 2,163 patients to local hospitals, and treated and released 823 patients. • Hired two firefighter/paramedics. One to fill a retirement vacancy and one to increase staffing. • Implemented annual mental health wellness screening for all department employees. • We hosted 5 blood drives. 355 pints of blood were collected that will help save up to 1,065 Chicagoland hospital patients lives. • Continue to modernize the Village of Mundelein outdoor warning sirens with the installation of two new sirens to replace two sirens that exceeded their 25 to 30 year service life. Goals • Continue to provide the highest level of fire and EMS services to meet the growing needs of our community. • Continue to provide the highest level of fire and EMS training to ensure proficiency of skills and safety of our firefighters. • Continue to expand Public Education outreach, community risk reduction initiatives, and interaction within our community through existing programs and the development of new educational programs for targeted audiences. • Continue the professional development of our personnel through locally and nationally recognized programs to enhance their ability in handling routine and large-scale incidents. • Continue to provide regular and meaningful performance input and feedback. Page 28 of 40  POLICE DEPARTMENT 25 EXPENDITURES PROJECTED BUDGET PROJECTED BUDGET ( 301, 302, 303, 304, 305 & 306) 2024 2025 2025 2026 Personnel $12,727,552 $14,051,350 $14,051,350 $14,099,497 Services $617,174 $503,727 $503,727 $1,115,285 Supplies $501,879 $391,335 $391,335 $407,013 Capital $26,263 $0 $0 $0 TOTAL $13,869,868 $14,946,412 $14,946,412 $15,621,795 Achievements • Successfully earned CALEA Law Enforcement Accredited status for the 8th time. • Implemented in-house NEMRT-certified training programs for emergency vehicle operations and emergency first aid training for first responders. • Increased partnership with schools and local businesses with active incident and active shooter training. • Purchased a drone and implemented a drone response program. • Expanded the Comfort Canine program for the department. Goals • Develop and utilize technologies that promote information sharing with the public and agency partners. Research opportunities for making services more accessible and convenient. • Inspire and develop leadership capabilities of our staff and prepare individuals to utilize those skills across their job responsibilities and throughout their interactions within the community. • Continue our crisis response planning and school crisis drills with all Mundelein School Districts to ensure we remain consistent with current safety procedures and applicable state laws. • Expand the department-wide wellness program, balancing physical, mental, and emotional health to promote positive life choices that will last beyond an employee’s years of service. • Recruit and retain diverse, highly skilled, and motivated workforce, while identifying opportunities to engage and recruit individuals from outside of traditional candidate pools. Page 29 of 40  PUBLIC WORKS 26 EXPENDITURES PROJECTED BUDGET PROJECTED BUDGET (410, 420, 430, 440, 441) 2024 2025 2025 2026 Personnel $2,736,208 $2,799,848 $2,799,848 $3,124,376 Services $950,653 $1,474,900 $1,474,900 $1,653,700 Supplies $1,074,707 $1,137,900 $1,137,900 $1,244,200 Capital $16,840 $0 $0 $0 TOTAL $4,778,408 $5,412,648 $5,412,648 $6,022,276 Achievements • Maintained construction schedule for all projects • Seamlessly updated work order asset management software to new interface without any downtime • Completed the construction of Courtland Commons, Cardinal Square modernization (Anthony Av., Lange St.), Hammond Street parking expansion, and the North Lake Enhancement Program for the downtown parking expansion • Completed the following infrastructure projects: 2024 Street Improvement Program, 2024 Pavement Preservation Program, 2025 Street Improvement Program Design • Coordinated relocation of Mundelein Community Days event to the permanent location at Courtland Commons with no major issues Goals • Close 95.0% service requests within 15 days • Maintain positive work environment with zero grievances • East Hawley Street Improvement Phase 1 design tentative approval from IDOT • Execute annual road program on schedule and under budgeted amount • Reduce total insurance claims total and frequency Page 30 of 40  ROADS – FY2025 27 ACOMPLISHMENTS  ROAD RECONSTRUCTION  ROAD RESURFACING NAME LIMITS APPROXIMATE NAME LIMITS APPROXIMATE LENGTH LENGTH North Shore Drive W. Hawthorne Blvd. 1,990 FT Fieldcrest Drive Somerset Lane to IL Route 2,100 FT to S. Lake Street 83 SW Garfield Woodlawn Drive to 860 FT Franklin Street Cul-de sac to Kettering 1,800 FT Avenue Lakeview Drive Road Kettering Road Westfield Way to N. 1,925 FT SE Garfield Avenue N Terminus to 680 FT Terminus Lakeview Drive Somerset Court Cul-de-sac to Somerset 600 FT South Lake Terrace North Shore Drive 770 FT Lane Mundelein Various Locations 7,125 FT Somerset Lane Tudor Drive to Kettering 4,175 FT Gardens within Neighborhood Road Watermain Tudor Drive Fieldcrest Drive to 1,175 FT **Sunset Lane SW Garfield to east 200 FT Chadwick Way Terminus Westfield Way Franklin Street to 1,785 FT ** Side and Rear 505 South Lake 200 FT Somerset Lane Yard Terrace TOTAL 13,560 FT ** Walgreens Alley Hawley Street to E. 450 FT Hammond Street TOTAL 12,275 FT Page 31 of 40  ROADS – FY2026 GOALS 28  ROAD RESURFACING  ROAD RECONSTRUCTION NAME LIMITS APPROXIMATE NAME LIMITS APPROXIMATE LENGTH LENGTH French Drive S. Shaddle to cul-de-sac 1,650 FT Barnhill Drive W. Maple to W. Maple 2,100 FT Benridge Court Barnhill Dr. to cul-de-sac 400 FT Gifford Court French Drive to cul-de- 195 FT sac Castleton Court Barnhill Dr. to cul-de-sac 400 FT French Court French Drive to cul-de- 325 FT Handley Court Barnhill Dr. to cul-de-sac 400 FT sac George Drive French Drive to Thomas 625 FT Buckingham Court Barnhill Dr. to cul-de-sac 330 FT Washington Court Thomas to north cul-de- 205 FT sac Templeton Court Barnhill Dr. to cul-de-sac 630 FT Thomas Court S. Shaddle to west cul-de- 330 FT S. California Avenue W. Courtland to W. Orchard 890 FT sac S. Shaddle Avenue French to E. Orchard 700 FT W. Orchard Street S. California to Michael 1,430 FT TOTAL 4,030 FT S. Pershing Avenue Quigley to W. Courtland 1,130 FT S. Emerald Avenue Quigley to W. Courtland 1,380 FT S. Greenview Avenue Quigley to W. Courtland 1,400 FT Westfield Way W. Orchard to cul-de-sac 460 FT TOTAL 10,950 FT Page 32 of 40  STREET FUNDING 29 $8,000,000 $7,000,000 $6,000,000 FUNDING SOURCES $5,000,000 • Road & Bridge Property $4,000,000 Tax Levy • State Motor Fuel Tax $3,000,000 • Utility Taxes $2,000,000 $1,000,000 $0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Page 33 of 40  PERSONNEL REQUEST 30  Police Officer (1)  Firefighter (1)  Public Works Maintenance Tech (1) Page 34 of 40  GENERAL FUND 31 10 YEARS’ REVENUES, EXPENDITURES, AND RESERVES $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Actual Actual Actual Actual Actual Actual Actual Actual Projected Projected Expenditures Revenues Reserves The Village Reserve Policy is 4 - 6 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 months of annual expenditures 52% 48% 45% 40% 35% 32% 49% 64% 72% 69% (33-50%). Page 35 of 40  OTHER FUND BALANCES 32  Road and Bridge Fund – $2,298K  Motor Fuel Tax Fund – $2,498K  Illinois Municipal Retirement Fund - $686K  Social Security Fund - $480K  Train Station Parking Fund – $0K (Closed)  911 Surcharge Fund - $12K  Tax Rebate Fund - $168K  Stormwater Management Fund – $144K  Equipment Replacement Fund - $679K  Transportation - $1,858K  Capital Development - $597K  Revolving Loans / Grants Fund - $119K  Archer Business Center Fund – ($291K)  Bond Levy Fund – $148K  Grants/ARPA Fund – $1,831K  Water/Sewer Fund - $11,558K Page 36 of 40  WATER / SEWER RATES 33  Staff proposes a 4.5% increase ANNUALIZED RATE (750 GALLONS) FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 $7.74 $8.34 $8.72 $9.00 $9.24 $9.24 $9.24 $9.50 $10.17 $11.35 MUNICIPALITY NO WITH 4.5%  JAWA increased their rates 5% INCREASE INCREASE Per 11,000 Gallons  Rates will remain well below Lake Zurich $276 surrounding Lake County Wauconda $222 communities’ average Grayslake $205 Lincolnshire $192  Average bi-monthly bill of 14.4 units Libertyville $190 ( approx. 11,000 gallons). Gurnee $188 Buffalo Grove $182 Vernon Hills $180 Mundelein $166 $172 Page 37 of 40  VILLAGE WIDE CONSUMPTION 34 Page 38 of 40  NEXT STEPS 35  Come back with revisions at a second Finance Committee meeting at 6:00 PM on March 31st?  Pass the budget at the April 14th board meeting as is? Page 39 of 40 36 QUESTION AND ANSWER Page 40 of 40