General

AGENDA FINANCE COMMITTEE MEETING March 23, 2026 - 6:00 PM Mundelein Village Hall - Board Room 300 Plaza Circle Mundelein, IL 60060 I. CALL TO ORDER II. ATTENDANCE III. MINUTE APPROVAL A. Minute review and approval Motion to approve the Finance Committee Meeting minutes from August 25, 2025. IV. PUBLIC COMMENTARY V. FY2027 BUDGET DISCUSSION A. Preliminary FY2027 Budget Presentation VI. ADJOURNMENT A. Adjourn the Finance Committee Meeting 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 38 Finance Committee Meeting Minutes August 25, 2025 I. CALL TO ORDER CALL TO ORDER The Finance Committee was called to order by Trustee Schwenk on August 25, 2025 at 6:00 PM. II. ATTENDANCE ATTENDANCE Clerk Walsh took the roll call. It indicated as follows: Board Attendance PRESENT: Trustees Schwenk, Ugaste, Grieco, Juarez, Lambert, Krinski, Mayor Meier ABSENT: None. Village Attendance PRESENT: Attorney Cahill, Village Administrator Guenther, Assistant Village Administrator Monroe, Assistant Finance Director Limperatos, Fire Chief Lark, Police Chief Seeley, Building Department Director Sellas, Community Development Director Orenchuk ABSENT: None III. MINUTE APPROVAL MINUTE APPROVAL A. Motion to approve the Finance Committee Meeting Minutes from June 23, 2025. MINUTE APPROVAL RESULT: Passed [Yes 3, No 0, Abstained 0] MOVER: Trustee Schwenk SECONDER: Trustee Ugaste AYES: Trustee Schwenk, Trustee Ugaste, Trustee Grieco NAYS: None ABSTAIN: None IV. PUBLIC COMMENTARY PUBLIC COMMENTARY None V. GROCERY TAX DISCUSSION GROCERY TAX DISCUSSION Page 2 of 38  A. Grocery Tax Options GROCERY TAX DISCUSSION Administrator Guenther made the presentation of the grocery tax--it's pros and cons. The trend in our overall sales tax revenue is declining. Our Grocery Tax Revenue is estimated to be $1.1-$1.2 million dollars annually and will change over time with inflation and consumer spending patterns. The grocery tax money goes into general funds and it is used for operations, projects, etc. The tax from the cannabis shop is in decline due to more of these stores opening. The telecom tax is in decline also due to the decline of the use of landlines. Trustee Lambert questioned if a separate "vice" tax could be placed on items such as tobacco, vaping devices, liquor. Mr. Guenther said that slicing out these items to be taxed separately could be difficult; Assistant Finance Director Limperatos said that they will look into that option to see how feasible it is. Options: 1. Eliminate Grocery Tax by taking no action when the State Grocery Tax is repealed on January 1, 2026. 2. Keep Grocery Tax by implementing 1% local grocery tax on January 1, 2026. The Board voted for option one (5-1)--to let the 1% grocery tax expire on January 1, 2026. VI. ADJOURNMENT ADJOURNMENT A. Motion to Adjourn the Finance Committee Meeting. ADJOURNMENT RESULT: Passed [Yes 3, No 0, Abstained 0] MOVER: Trustee Ugaste SECONDER: Trustee Grieco AYES: Trustee Schwenk, Trustee Ugaste, Trustee Grieco NAYS: None ABSTAIN: None Adjourned at 6:34 PM. __________________________________________ Village Clerk Page 3 of 38 FY2027 BUDGET PRESENTATION Presentation to the Village Board March 23, 2026 6:00 PM Village Hall Page 4 of 38  MEETING OUTLINE 2 1. FY2026 Budget Recap 11. Roads – FY26 Accomplishments 12. Roads – FY27 Goals 2. FY2026 General Fund Revenue 13. Street Funding 3. FY2026 General Fund Expenditures 14. Personnel Requests 4. FY2027 Budget Overview 15. General Fund Balances 5. FY2027 Expense Comparison 16. Other Funds Balances 6. Increasing Cost Factors 17. Water / Sewer Rates 7. Capital Projects – What Is In? 18. Next Steps 8. Capital Projects – What Is Out? 19. Questions 9. Department Budget Expenditures 10. Department Review Page 5 of 38  BUDGET RECAP – FY2026 3 FY2026 FY2026 BUDGET PROJECTED REVENUES $39,650,000 $41,547,670 EXPENDITURES Boards and Commissions $529,420 $501,430 Administration (Admin, HR, IT, Marketing) $3,509,100 $3,282,970 Building Department $1,338,620 $1,268,760 Community Development $812,590 $729,290 Finance $1,932,390 $1,610,120 Fire Department $7,760,830 $7,617,540 Legal $496,000 $477,500 Police Department $15,657,440 $15,744,820 Public Works $6,065,670 $5,633,340 Non-operational (Capital & Transfers) $4,713,510 $4,654,930 TOTAL EXPENDITURES $42,815,570 $41,520,700 Page 6 of 38  GENERAL FUND 4 REVENUES FY2026 Income Tax $5.4M Other Includes: 13.87% Property Tax - Ambulance Fees $11.99M - Bank Interest Other $6.56M 30.79% - Permits - Licenses 16.82% - Telecommunications Tax - Use Tax Sales Tax - Hotel Tax $15.00M - Video Gaming 38.52% - Fines FY22 FY23 FY24 FY25 FY26 Property Tax $ 9,727,700 $ 9,840,190 $ 10,587,240 $ 11,175,090 $ 11,990,000 Sales Tax $ 11,824,910 $ 12,669,770 $ 12,969,020 $ 14,598,860 $ 15,000,000 Page 7 of 38  GENERAL FUND 5 REVENUES – FY26 PROJECTIONS (Change from Budget)  Sales Tax $ 300K Increase  Home Rule Sales Tax $1,600K Increase  Interest $ 250K Increase  Use Tax $ (410)K Decrease  Building Permits $ (200)K Decrease Page 8 of 38  GENERAL FUND 6 FY2026 Expenditures by Department Police Fire Public Works Non-operational Administration Finance Building Community Development Boards/Commissions Legal 0 5000 10000 15000 20000 Page 9 of 38  GENERAL FUND 7 FY2026 EXPENDITURES BY OBJECT Other $4.7 M Supplies $2.5 M Services $6.5 M Personnel $27.5 M Page 10 of 38  BUDGET OUTLOOK 2026-2027 8 FY2026 BUDGET FY2026 PROJECTED FY2027 BUDGET REVENUES $39,650,000 $41,547,670 $38,870,000 EXPENDITURES Boards and Commissions $529,420 $501,430 $555,390 Administration (Admin, HR, IT, Marketing) $3,509,100 $3,282,970 $3,869,310 Building Department $1,338,620 $1,268,760 $1,455,350 Community Development $812,590 $729,290 $812,540 Finance $1,932,390 $1,610,120 $2,000,900 Fire Department $7,760,830 $7,617,540 $8,759,730 Legal $496,000 $477,500 $520,000 Police Department $15,657,440 $15,744,820 $16,519,740 Public Works $6,065,670 $5,633,340 $6,242,140 Capital (Non-operational) $1,904,860 $1,904,860 $1,065,500 Transfers (Non-operational) $2,808,650 $2,750,070 $4,290,000 Change to Reserves Increase (Decrease) $(3,165,570) $26,970 $(7,220,600) TOTAL EXPENDITURES $39,650,000 $41,547,670 $38,870,000 Page 11 of 38  REVENUES 9 REVENUES – FY27 BUDGET Grocery Tax  100% $700,000 Home Rule Sales Tax  10% $600,000 Ambulance Fees  21% $300,000 Sales Tax  3% ($200,000) Use Tax  88% ($615,000) Interest & Investment Earnings  15% ($150,000) Page 12 of 38  FY2026 – FY2027 10 EXPENSE COMPARISON $50,000,000 TOTAL BUDGET $45,000,000 $100,000,000 $87,989,370 $40,000,000 $90,000,000 $79,977,100 $35,000,000 $80,000,000 $30,000,000 $70,000,000 $25,000,000 $60,000,000 $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 FY26 FY27 FY26 FY27 Page 13 of 38  INCREASING COST FACTORS (General Fund) 11  Personnel Salaries & Wages  Health Insurance Benefits (26.4% Increase for FY27)  Pension Contributions  Commodities  Archer Business Center Funding Need for Deficit from General Fund - $1.9M for FY27  Economic Uncertainty Page 14 of 38  CAPITAL PROJECTS 12 WHAT IS IN?  Roads - $5,673,000  Police Building Chiller Replacement - $180,000  Fire Building Pavement Concrete Rehab - $210,000  Arts Center Construction Design Drawings - $200,000  Micro Shops Consultation/Design - $100,000  Cambridge Pond Dredging - $750,000  Courtland Park Landscape Improvements - $150,000  Seymour-Courtland Park Parking Pedestrian Bridge - $273,000  Furniture - Village Hall - $35,500  Board Room Video/Sound System - $60,000  Vehicles - $600,000  Water Meter Replacement Project - $4,000,000 Page 15 of 38  CAPITAL PROJECTS 13 WHAT IS OUT?  NONE Page 16 of 38  DEPARTMENT BUDGET 14 EXPENDITURES  FINANCE  IRMA – General Liability/WC Insurance  HUMAN RESOURCES  Employment Advertising  Physical Exams  Unemployment Claims  INFORMATION TECHNOLOGY  Computer Equipment  Software Support  PUBLIC WORKS  Fuel Expenditures  Janitorial Supplies  Facility Maintenance  Vehicle Maintenance  Train Station & Parking Lot Page 17 of 38  ADMINISTRATION (Includes HR, IT, & Marketing) 15 EXPENDITURES ACTUAL BUDGET PROJECTED BUDGET (201, 202, 204, 205) 2025 2026 2026 2027 Personnel $1,818,620 $1,937,700 $1,857,290 $2,265,560 Services $812,900 $1,196,310 $1,078,760 $1,179,500 Supplies $296,920 $375,090 $346,920 $424,250 TOTAL $2,928,440 $3,509,100 $3,282,970 $3,869,310 FY2026 ACHIEVEMENTS  IT Policy and Infrastructure Enhancements: Implemented multiple improvements to bolster our cybersecurity posture, including transition to One Drive, use of password policies, and MFA.  Bird City USA Designation: Recognized for our commitment to bird conservation and habitat protection.  Inventory & Access Management Software: Successfully deployed to streamline asset tracking and access control.  Archer Business Center Planning: Saw significant increase in tenancy at ABC, with continued focus on long-term planning; demised and leased space for new tenants in upper level Village Hall.  Ordinance Review & Cleanup: Comprehensive review of ordinances including a new Fee Schedule, and aligning code with policies and procedures, reducing redundancies. FY2027 GOALS  Modernize IT Infrastructure & Security: Advance cloud-first operations by expanding Microsoft 365 and Azure AD for collaboration and secure access, while continuing to strengthen cybersecurity through threat detection, staff training, and risk mitigation.  Advance Responsible AI Integration: Implement a comprehensive AI policy and expand use of AI tools to automate tasks, improve data analysis, and enhance service delivery.  Expand Resident Engagement: Strengthen communication channels and outreach to better connect with residents.  Optimize Workforce & Service Delivery: Address succession planning and evaluate staffing models, including strategic outsourcing, to support evolving IT needs and ensure efficient internal service delivery. Page 18 of 38  BUILDING DEPARTMENT 16 EXPENDITURES (281) ACTUAL BUDGET PROJECTED BUDGET 2025 2026 2026 2027 Personnel $1,213,730 $1,314,320 $1,243,580 $1,412,700 Services $12,590 $17,300 $18,430 $28,150 Supplies $19,450 $7,000 $6,750 $14,500 TOTAL $1,245,770 $1,338,620 $1,268,760 $1,455,350 FY2026 ACHIEVEMENTS  Building Department budget was covered in full by permit fees collected.  We received 2,784 permit applications and issued 2,054 permits.  85% of small project 5-day reviews were reviewed in under 3 days.  We completed the full implementation of our new software and have been accepting new permit submittals and any revisions to those online. FY2027 GOALS  Several new developments will be reviewed this fiscal year.  We will continue training and certifications for staff.  Continue to reduce review time by at least 10%.  Cross-train staff so at least two people can cover each critical function.  Simplify permit process and materials for non-technical users. Page 19 of 38  COMMISSIONS 17 EXPENDITURES ACTUAL BUDGET PROJECTED BUDGET (Various) 2025 2026 2026 2027 Services $220,400 $284,000 $271,070 $295,450 Supplies $45,880 $63,050 $58,710 $49,950 TOTAL $266,280 $347,050 $329,780 $345,400 Page 20 of 38  COMMISSIONS 18 Arts Commission (MAC) Beautification $40,000 Committee $15,000 $30,000 $20,000 $10,000 $10,000 $5,000 $0 $0 FYE2026 FYE2027 FYE2026 FYE2027 Economic Development Fourth of July Commission Commission (Dissolved 4/30/26) $250,000 $15,000 $200,000 $150,000 $10,000 $100,000 $5,000 $50,000 $0 $0 FYE2026 FYE2027 FYE2025 FYE2026 Page 21 of 38  COMMISSIONS 19 Historical Commission Planning and Zoning $4,000 Commission $600 $3,000 $2,000 $400 $1,000 $200 $0 $0 FYE2026 FYE2027 FYE2026 FYE2027 Police & Fire Commission $68,000 $66,000 $64,000 $62,000 $60,000 $58,000 FYE2026 FYE2027 Page 22 of 38  COMMUNITY DEVELOPMENT 20 EXPENDITURES ACTUAL BUDGET PROJECTED BUDGET (203) 2025 2026 2026 2027 Personnel $600,150 $659,680 $661,980 $705,150 Services $90,610 $135,810 $55,280 $106,710 Supplies $12,260 $17,100 $12,030 $680 TOTAL $703,020 $812,590 $729,290 $812,540 FY2026 ACHIEVEMENTS  Flaherty & Collins project finalized and construction has begun  Mundelein Senior Apartments receives final COs  Springs at Mundelein Apartments is nearing construction completion  Approval of Walnut Ridge (Pulte) Annexation and Winchester Annexation  Zoning Code Updates FY2027 GOALS  Further community investment through BIG and STAR grant programs  Continuing significant changes to zoning code via text amendments  Arts Center Construction Documents and Implementation Plan  North Central Service Transit Coordination  Ivanhoe Village Entitlements Page 23 of 38  COMMUNITY DEVELOPMENT 21 BIG PROGRAM  FY 2027 Request - $175,000 F Y1 7 F Y1 8 F Y1 9 F Y2 0 FY21 F Y2 2 F Y2 3 F Y2 4 F Y2 5 F Y2 6 BUD GETED $100,000 $100,000 $125,000 $75,000 $75,000 $75,000 $125,000 $125,000 $175,000 $175,000 FUND S # OF 6 8 13 11 10 9 7 5 4 1 R ECIP IENTS  Continues to exceed expectations.  Just under $1.1 million in grants awarded since 2014  The combined community investment is just over $8.8 million.  79 businesses have utilized the program. Page 24 of 38  EXECUTIVE 22 EXPENDITURES ACTUAL BUDGET PROJECTED BUDGET (111) 2025 2026 2026 2027 Personnel $105,280 $109,280 $106,800 $125,200 Services $53,180 $68,060 $59,820 $77,760 Supplies $3,010 $5,030 $5,030 $7,030 TOTAL $161,470 $182,370 $171,650 $209,990 Page 25 of 38  FINANCE 23 EXPENDITURES ACTUAL BUDGET PROJECTED BUDGET (231) 2025 2026 2026 2027 Personnel $257,650 $292,840 $276,400 $327,550 Services $993,370 $1,629,300 $1,324,470 $1,663,000 Supplies $6,030 $10,250 $9,250 $10,350 TOTAL $1,257,050 $1,932,390 $1,610,120 $2,000,900 Achievements • Maintained Village's credit rating with Moody’s and S&P Global Ratings. • Awarded the GFOA Certificate of Achievement for Excellence in Financial Reporting. • Piloted vendor ACH payments to ensure deliverability. Goals • Implement the water meter replacement project related to the financial components. • Migrate more vendors to ACH payments to reduce our vendor check payments for reduction in mailing costs and reduction of fraud. • Utilize the BS&A fixed asset module to streamline capital project reporting for the audit process. Page 26 of 38  FIRE DEPARTMENT 24 EXPENDITURES ACTUAL BUDGET PROJECTED BUDGET (321, 322, 323, 324, 325) 2025 2026 2026 2027 Personnel $5,926,600 $6,500,170 $6,401,900 $7,463,420 Services $677,970 $919,490 $904,950 $982,040 Supplies $316,090 $341,170 $310,690 $314,270 TOTAL $6,920,660 $7,760,830 $7,617,540 $8,759,730 FY2026 ACHIEVEMENTS  Responded to 5,090 calls for service, transported 2,211 patients to local hospitals, and treated / released 823 patients.  We conducted 5 successful blood drives in partnership with Vitalant. 296 blood donations were made. These donations have helped save up to 888 area hospital patients lives.  We received a $26,000 small tools grant through the Office of the State Fire Marshall for battery powered extrication equipment.  Received and placed into service a new ambulance that was ordered in 2022.  Completed the modernization of the Village of Mundelein outdoor warning siren system that is programmed to automatically activate when the National Weather Service issues a tornado warning. FY2027 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.  Establish a new Lieutenant promotional list. The current list will expire in November 2026.  Update and resubmit the Village’s Emergency Operations Plan (EOP) to Lake County EMA for approval. Page 27 of 38  POLICE DEPARTMENT 25 EXPENDITURES ACTUAL BUDGET PROJECTED BUDGET ( 301, 302, 303, 304, 305 & 306) 2025 2026 2026 2027 Personnel $13,769,520 $14,099,500 $14,120,390 $14,841,220 Services $421,270 $1,125,920 $1,096,920 $1,112,020 Supplies $520,750 $432,020 $527,510 $566,500 Capital $27,500 $0 $0 $0 TOTAL $14,739,040 $15,657,440 $15,744,820 $16,519,740 FY2026 ACHIEVEMENTS  Completed the transition to the LakeComm consolidated dispatch center in Libertyville, IL.  Awarded a Victims of Crime Act (VOCA) grant from the US Department of Justice, providing funding for one additional police social worker position.  Awarded a US Department of Justice grant for a new initiative, Kids Ask Cops Answer, focusing on building relationships with youth in the community.  Awarded a grant through the Illinois Attorney’s Office for the second year to combat retail theft crimes.  All Sergeants completed ASIM (Active Shooter Incident Management) & SSAVEIM (School Safety and Violent Event Incident Management) training. FY2027 GOALS  Apply workload analysis results to a beat reallocation study to create a sixth police beat.  Strengthen succession planning to create capable future leaders through training, mentorship, and in-house programs promoting leadership principles and best practices.  Creation of a position to oversee training that ensures we meet mandated training requirements, officers are prepared for the initiation of ILETSB training verification, and we continue to improve our in-house training programs.  Continue to research and assess opportunities to integrate technologies that offer enhanced capabilities, new opportunities, or increased efficiency.  Encourage the development of additional programs and services to attract new public interest, supplement existing efforts, and continue building community partnerships. Page 28 of 38  PUBLIC WORKS 26 EXPENDITURES ACTUAL BUDGET PROJECTED BUDGET (410, 420, 427, 430, 440, 2025 2026 2026 2027 441) Personnel $2,804,000 $3,124,390 $2,859,320 $3,254,590 Services $1,345,370 $1,675,600 $1,602,930 $1,813,150 Supplies $1,016,290 $1,265,680 $1,171,090 $1,174,400 TOTAL $5,165,660 $6,065,670 $5,633,340 $6,242,140 FY2026 ACHIEVEMENTS  Completed the following infrastructure projects: 2025 Street Improvement Program, 2025 Pavement Preservation Program, 2026 Street Improvement Design, Courtland Commons Pedestrian Bridge, EV Charging Stations, Wellington Av. Drainage Improvement  First Village department to fully transition file system to Sharepoint cloud storage  Maintained workplace with no grievances advancing beyond Director  Received Project Development Report approval from IDOT for East Hawley Improvement Project  Reduced total claims experience to 3% of IRMA annualized target FY2027 GOALS  Maintain positive work environment with zero grievances  Execute annual road program on schedule and at budgeted amount  Maintain claims total under $100,000 and frequency under 5 incidents  Initiate East Hawley Street Improvement Phase 2 work Page 29 of 38  ROADS – FY2026 27 ACCOMPLISHMENTS  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 Westfield Way W. Orchard to cul-de-sac 460 FT TOTAL 8,170 FT Page 30 of 38  ROADS – FY2027 GOALS 28  ROAD RECONSTRUCTION  ROAD RESURFACING NAME LIMITS APPROXIMATE NAME LIMITS APPROXIMATE LENGTH LENGTH Killarney Pass Entire road 2,175 FT Chetwood Ct. Entire road 525 FT Circle Killarney Pass Drive Entire road 1,410 FT N. Southport Rd. Hawley-Regent 700FT Brighton Dr. N. Southport-Yorkshire 1,315 FT Dunbar Road Entire road 1,175 FT TOTAL 4,760 FT Yorkshire Dr. Brighton-Brentwood 1,500 FT Brentwood Dr. Yorkshire-Regent 860 FT Blackburn Dr. Yorkshire-Regent 1,330 FT Regent Dr. IL 60/83-N. Southport 1,365 FT Emerald Av. W. Orchard-Courtland 650 FT S. Greenview Av. W. Orchard-Courtland 670 FT TOTAL 8,923 FT Page 31 of 38  STREET FUNDING 29 $8,000,000 $7,000,000 $6,000,000 FUNDING SOURCES $5,000,000 • Road & Bridge Property Tax $4,000,000 Levy • State Motor Fuel Tax $3,000,000 • Utility Taxes • Transportation Fund Transfer $2,000,000 $1,000,000 $0 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Page 32 of 38  PERSONNEL REQUESTS 30  Police Officer (1)  Firefighter (1)  Events Planner (1)  Additional Employee (1) from List of Requests Below:  Police Officers (4)  Records Clerk – Part Time (1)  Fire Training Officer from Part-Time to Full-Time (1) Page 33 of 38  GENERAL FUND 31 10 YEARS’ REVENUES, EXPENDITURES, AND RESERVES $50,000,000 $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 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 Actual Actual Actual Actual Actual Actual Actual Actual Projected Budget Expenditures Revenues Reserves The Village Reserve Policy is 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 4 - 6 months of annual 45% 40% 35% 32% 48% 68% 75% 71% 64% 60% expenditures (33-50%). Page 34 of 38  OTHER FUND BALANCES 32  Road and Bridge Fund – $3,435K  Motor Fuel Tax Fund – $2,406K  Illinois Municipal Retirement Fund - $792K  Social Security Fund - $521K  911 Surcharge Fund - $0K (Closed in FY26)  Tax Rebate Fund - $329K  Stormwater Management Fund – $252K  Equipment Replacement Fund - $2,314K  Transportation - $1,391K  Capital Development - $61K  Revolving Loans/Grants Fund - $292K  Archer Business Center Fund – $114K  Bond Levy Fund – $179K  Grants/ARPA Fund – $3,210K  Water/Sewer Fund - $9,989K Page 35 of 38  WATER / SEWER RATES 33  The Board agreed to a 5.5% increase at the 2/28/26 Committee of the Whole Meeting. ANNUALIZED RATE (750 GALLONS) FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2027 $8.34 $8.72 $9.00 $9.24 $9.24 $9.24 $9.50 $10.17 $11.35 $11.85 $12.50 MUNICIPALITY NO WITH 5.5%  Rates will remain well below INCREASE INCREASE surrounding Lake County Per 11,000 Gallons communities’ average Lake Zurich $300 Wauconda $242  Average bi-monthly bill of 14.4 units Grayslake $218 ( approx. 11,000 gallons). Libertyville $215 Lincolnshire $192 Buffalo Grove $187 Mundelein $171 $180 Gurnee $178 Vernon Hills $177 Page 36 of 38  NEXT STEPS 34  Come back with revisions at a second Finance Committee meeting at 6:00 PM on March 30th?  Pass the budget at the April 13th board meeting as is? Page 37 of 38 35 QUESTIONS? Page 38 of 38