Finance Committee

AGENDA FINANCE COMMITTEE MEETING June 23, 2025 - 7:05 PM Mundelein Village Hall - Board Room 300 Plaza Circle Mundelein, IL 60060 I. CALL TO ORDER II. ATTENDANCE III. PUBLIC COMMENTARY IV. PUBLIC HEARING A. FY2026 Budget Appropriation Ordinance V. FINANCE CHAIR'S COMMENTS VI. TRUSTEES' COMMENTS VII. ADJOURNMENT 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 14 To: Mayor and Board of Trustees From: Lee Limperatos, Assistant Finance Director Linda Miller, Finance Director For: Finance Committee Meeting of June 23, 2025 Subject: FY2026 Budget Appropriation Ordinance Financial Impact: Attachments: 1. Ordinance Background: The annual Appropriation Ordinance is required to be adopted during the first three months of the government's fiscal year. This Ordinance provides the legal limit of spending. The Budget adopted in April for FY2026 was approximately $77 million and is the document the Departments follow during the budget year. The Appropriation Ordinance provides the Village flexibility in managing its operations for any unforeseen expenditures. Recommendation: Motion will be presented in the Board Meeting under the Finance Section. Page 2 of 14 STATE OF ILLINOIS ) ) COUNTY OF LAKE ) CERTIFICATE I, Karen Walsh, certify that I am the duly elected Municipal Clerk for the Village of Mundelein, Lake County, Illinois. I further certify that on June 23, 2025 the Corporate Authorities of such Village passed and approved: Ordinance No. O-25-06-42 which is entitled FYE2026 Appropriation Ordinance The pamphlet form of said Ordinance, including the Ordinance and a cover sheet thereof was prepared and a copy of such Ordinance was posted in the Village Hall commencing on 6/23/2025, June 25, 2024 and was posted for at least ten days thereafter. Copies of such Ordinance are available for public inspection upon request in the Customer Service Office. Dated at Mundelein, Illinois on 6/23/2025. Village Clerk Page 3 of 14  ORDINANCE NO. O-25-06-42 AN ANNUAL APPROPRIATION ORDINANCE OF THE VILLAGE OF MUNDELEIN, LAKE COUNTY, ILLINOIS FOR THE FISCAL YEAR BEGINNING MAY 1, 2025 AND ENDING APRIL 30, 2026 BE IT ORDAINED by the President and the Board of Trustees of the Village of Mundelein, Lake County, Illinois: Section I Fiscal Year: That the Fiscal Year of the Village of Mundelein, Lake County, Illinois, be and the same is hereby fixed and declared to be May 1, 2025 to April 30, 2026. Section II General Corporate Appropriations: That the following sums of money, or as much as may be needed or deemed necessary to defray all expenses and liabilities of the Municipality hereinafter designated, be and the same are hereby appropriated for the general corporate purposes of the Village of Mundelein, Lake County, Illinois, herein specified, for the fiscal year commencing on May 1, 2025 and ending April 30, 2026. CORPORATE FUND FY26 BOARDS AND COMMISSIONS APPROPRIATION EXECUTIVE BOARD 45000 WAGES, SALARIES & BENEFITS 121,000 46000 CONTRACTED SERVICES 75,000 47000 OPERATING SUPPLIES & 6,000 EXPENSES TOTAL EXECUTIVE BOARD 202,000 COMMISSIONS 46000 CONTRACTED SERVICES 314,000 47000 OPERATING SUPPLIES & 70,000 EXPENSES TOTAL COMMISSIONS 384,000 TOTAL BOARDS & 586,000 COMMISSIONS GENERAL GOVERNMENT ADMINISTRATIVE 45000 WAGES, SALARIES & BENEFITS 2,860,000 46000 CONTRACTED SERVICES 1,467,000 Page 4 of 14 47000 OPERATING SUPPLIES & 432,000 EXPENSES TOTAL ADMINISTRATIVE 4,759,000 FINANCE 45000 WAGES, SALARIES & BENEFITS 323,000 46000 CONTRACTED SERVICES 1,793,000 47000 OPERATING SUPPLIES & 12,000 EXPENSES 49900 OTHER USES – FUNDS 3,067,000 TRANSFER TOTAL FINANCE 5,195,000 LEGAL 46000 CONTRACTED SERVICES 546,000 TOTAL LEGAL 546,000 CAPITAL PROJECTS 48000 CAPITAL IMPROVEMENTS 1,745,000 TOTAL CAPITAL PROJECTS 1,745,000 BUILDING 45000 WAGES, SALARIES & BENEFITS 1,446,000 46000 CONTRACTED SERVICES 20,000 47000 OPERATING SUPPLIES & 8,000 EXPENSES TOTAL BUILDING 1,474,000 TOTAL GENERAL 13,719,000 GOVERNMENT PUBLIC SAFETY POLICE DEPARTMENT 45000 WAGES, SALARIES & BENEFITS 15,514,000 46000 CONTRACTED SERVICES 1,229,000 Page 5 of 14 47000 OPERATING SUPPLIES & 452,000 EXPENSES TOTAL POLICE DEPARTMENT 17,195,000 FIRE DEPARTMENT 45000 WAGES, SALARIES & BENEFITS 7,151,000 46000 CONTRACTED SERVICES 1,013,000 47000 OPERATING SUPPLIES & 378,000 EXPENSES TOTAL FIRE DEPARTMENT 8,542,000 TOTAL PUBLIC SAFETY 25,737,000 PUBLIC WORKS ADMINISTRATION 45000 WAGES, SALARIES & BENEFITS 791,000 46000 CONTRACTED SERVICES 257,000 47000 OPERATING SUPPLIES & 6,000 EXPENSES TOTAL ADMINISTRATION 1,054,000 FACILITY MAINTENANCE 45000 WAGES, SALARIES & BENEFITS 649,000 46000 CONTRACTED SERVICES 562,000 47000 OPERATING SUPPLIES & 100,000 EXPENSES TOTAL FACILITY MAINTENANCE 1,311,000 BLDG/GRDS – TRAIN PARKING 46000 CONTRACTED SERVICES 70,000 47000 OPERATING SUPPLIES & 60,000 EXPENSES Page 6 of 14  TOTAL BLDG/GRDS TRAIN 130,000 PRKNG VEHICLE MAINTENANCE 45000 WAGES, SALARIES & BENEFITS 664,000 46000 CONTRACTED SERVICES 76,000 47000 OPERATING SUPPLIES & 736,000 EXPENSES TOTAL VEHICLE MAINTENANCE 1,476,000 STREETS 45000 WAGES, SALARIES & BENEFITS 1,335,000 46000 CONTRACTED SERVICES 857,000 47000 OPERATING SUPPLIES & 470,000 EXPENSES TOTAL STREETS 2,662,000 TOTAL PUBLIC WORKS 6,633,000 SUMMARY BOARDS & COMMISSIONS 586,000 GENERAL GOVERNMENT 13,719,000 PUBLIC SAFETY 25,737,000 PUBLIC WORKS 6,633,000 TOTAL CORPORATE FUND 46,675,000 Section III Special Appropriations: That the following sums of money, or as much as may be authorized by law, as may be needed or designated, are hereby appropriated for the special purpose herein specified for the fiscal year commencing May 1, 2025 and ending April 30, 2026. FY26 Page 7 of 14 SPECIAL PURPOSE APPROPRIATION ROAD & BRIDGE 48000 CAPITAL IMPROVEMENTS 3,936,000 TOTAL ROAD & BRIDGE 3,936,000 IL MUNICIPAL RETIREMENT FUND 45000 WAGES, SALARIES & BENEFITS 847,000 TOTAL IMRF 847,000 SOCIAL SECURITY 45000 WAGES, SALARIES & BENEFITS 1,781,000 TOTAL SOCIAL SECURITY 1,781,000 MOTOR FUEL TAX 48000 CAPITAL IMPROVEMENTS 1,571,000 TOTAL MOTOR FUEL TAX 1,571,000 EQUIPMENT FUND 48000 CAPITAL IMPROVEMENTS 1,207,000 TOTAL EQUIPMENT FUND 1,207,000 STORMWATER MANAGEMENT 46000 CONTRACTED SERVICES 28,000 48000 CAPITAL IMPROVEMENTS 1,800,000 49000 DEBT SERVICE 902,000 TOTAL STORM WATER 2,730,000 CAPITAL DEVELOPMENT 49900 OTHER USES – FUNDS 550,000 TRANSFER TOTAL CAPITAL 550,000 DEVELOPMENT 9-1-1 SURCHARGE 46000 CONTRACTED SERVICES 4,000 Page 8 of 14  48000 CAPITAL IMPROVEMENTS 66,000 49900 OTHER USES – FUNDS 880,000 TRANSFER TOTAL 9-1-1 SURCHARGE 950,000 BOND LEVY 46000 CONTRACTED SERVICES 1,000 49000 DEBT SERVICE 1,074,000 TOTAL BOND LEVY 1,075,000 TAX REBATES 49500 TAX REBATES 990,000 TOTAL TAX REBATES 990,000 TIF 2 – DOWNTOWN FUND 46000 CONTRACTED SERVICES 55,000 48000 CAPITAL IMPROVEMENTS 330,000 49400 NOTE PRINCIPAL 420,000 49900 CONTINGENT 96,000 TOTAL TIF 2 - DOWNTOWN 901,000 TIF 3 – DOWNTOWN FUND 46000 CONTRACTED SERVICES 1,000 48000 CAPITAL IMPROVEMENTS 462,000 49000 DEBT SERVICE 684,000 49400 NOTE PRINCIPAL 240,000 49900 CONTINGENT 960,000 TOTAL TIF 3 - DOWNTOWN 2,347,000 TIF 4 – OAK CREEK/TOWNLINE ROAD FUND 49400 NOTE PRINCIPAL 240,000 49900 CONTINGENT 960,000 Page 9 of 14  TOTAL TIF 4 - OAK 1,200,000 CREEK/TOWNLINE ROAD ARCHER BUSINESS CENTER 46000 CONTRACTED SERVICES 379,000 47000 OPERATING SUPPLIES & EXPENSES 182,000 48000 CAPITAL IMPROVEMENTS 576,000 TOTAL ARCHER BUSINESS CENTER 1,137,000 COM DEVELOPMENT/BLOCK GRANTS 46000 CONTRACTED SERVICES 290,000 49900 CONTINGENT 180,000 TOTAL COMM DEVELOPMENT 470,000 /BLOCK GRANTS CAPITAL PROJECTS/ARPA 48000 CAPITAL IMPROVEMENTS 660,000 49900 OTHER USES – FUNDS TRANSFER 1,980,000 TOTAL CAPITAL PROJECTS/ARPA 2,640,000 FIRE PENSION 46400 PROFESSIONAL SERVICES 50,000 46900 OTHER SERVICES 80,000 TOTAL PENSION 130,000 PAYMENTS (FPEN) 45600 RETIREMENT PENSIONS 2,070,000 45800 DISABILITY PENSIONS 330,000 TOTAL 2,400,000 TOTAL FIRE PENSION 2,530,000 POLICE PENSION 46400 PROFESSIONAL SERVICES 70,000 Page 10 of 14 46900 OTHER SERVICES 60,000 TOTAL 130,000 PENSION PAYMENT 45600 RETIREMENT PENSIONS 3,660,000 45700 WIDOW'S PENSIONS 170,000 45800 DISABILITY PENSIONS 460,000 TOTAL 4,290,000 TOTAL POLICE PENSION 4,420,000 SPECIAL ASSESSMENTS 49900 CONTINGENT 1,000,000 TOTAL SPECIAL ASSESSMENTS 1,000,000 SUMMARY ROAD & BRIDGE 3,936,000 IL MUNICIPAL RETIREMENT 847,000 SOCIAL SECURITY 1,781,000 MOTOR FUEL TAX 1,571,000 EQUIPMENT FUND 1,207,000 STORM WATER MGT 2,730,000 CAPITAL DEVELOPMENT 550,000 9-1-1 SURCHARGE 950,000 BOND LEVY 1,075,000 TAX REBATE 990,000 TIF 2 - DOWNTOWN 901,000 TIF 3 - DOWNTOWN 2,347,000 TIF 4 – OAK CREEK/TOWNLINE 1,200,000 ROAD ARCHER BUSINESS CENTER 1,137,000 COM DEVELOPMENT /BLOCK 470,000 GRANTS CAPITAL PROJECTS/ARPA 2,640,000 Page 11 of 14  FIRE PENSION 2,530,000 POLICE PENSION 4,420,000 SPECIAL ASSESSMENTS 1,000,000 TOTAL SPECIAL PURPOSE 32,282,000 WATER/SEWER OPERATIONS SEWER 45000 WAGES, SALARIES & BENEFITS 1,589,000 46000 CONTRACTED SERVICES 478,000 47000 OPERATING SUPPLIES & EXPENSES 1,164,000 TOTAL SEWER 3,231,000 WATER 45000 WAGES, SALARIES & BENEFITS 1,787,000 46000 CONTRACTED SERVICES 815,000 47000 OPERATING SUPPLIES & EXPENSES 3,095,000 TOTAL WATER 5,697,000 TOTAL WATER/SEWER 8,928,000 OPERATIONS DEPRECIATION SEWER Page 12 of 14  48000 CAPITAL IMPROVEMENTS 3,411,000 49000 DEBT SERVICE 606,000 TOTAL UPTOWN SR (DEP) 4,017,000 WATER 48000 CAPITAL IMPROVEMENTS 2,903,000 TOTAL MAINTENANCE WR (DEP) 2,903,000 TOTAL DEPRECIATION 6,920,000 SUMMARY WATER/SEWER OPERATIONS 8,928,000 DEPRECIATION 6,920,000 TOTAL WATER SEWER 15,848,000 TOTAL SUMMARY CORPORATE 46,675,000 SPECIAL PURPOSE 32,282,000 WATER/SEWER 15,848,000 TOTAL 94,805,000 Grand total all funds being the total appropriation for general, special purpose and water and sewer funds mentioned herein for the fiscal year ending April 30, 2026. Section IV Unexpended Balances: The unexpended balance of any item or of items of any appropriation made by this ordinance may be expended in making up any deficiency in any item or items in the same general appropriations made by this ordinance. Section V Validity: If any section, paragraph, clause, item or provision of this ordinance shall be held invalid, the invalidity of such section, paragraph, clause, item or provision shall not affect any of the other provisions of this ordinance. Section VI Ordinance Number: That this ordinance shall be known as Ordinance No. O-25-06-42. Page 13 of 14 Section VII Date When Effective - Repeal: This ordinance shall be in full force and effect from and after its final passage, signing, and publication in pamphlet form as provided by law, and all parts of other Ordinances in conflict with this Ordinance, if any, are hereby repealed. Section VIII. Filings: The Village Clerk is hereby directed to submit a certified copy of this ordinance after its final passage, signing, and publication in pamphlet form to the County Clerk of Lake County, Illinois before the close of the first quarter of the fiscal year as provided by law. This ordinance was adopted on June 23, 2025 at a regular meeting of the Village Board of Trustees in Mundelein Illinois, Lake County, held of that day, and ordered published in pamphlet form. RESULT: [Yes 0, No 0, Abstained 0] MOVER: None SECONDER: None AYES: None NAYS: None ABSTAIN: None President ADOPTED: Monday, June 23, 2025 APPROVED: Monday, June 23, 2025 ATTEST: Village Clerk Page 14 of 14