CITY OF ELMHURST, IL

Transcription

1 CITY OF ELMHURST, IL 29/1 PROPOSED BUDGET REDEVELOPMENT PROJECTS FUND (TIF I) The Redevelopment Projects Fund (TIF I) is used to account for the taxincrement revenues used for the redevelopment of the City's downtown taxincrement financing district. Revenue sources include both property and sales tax increment revenues, rental income and interest income. Capital outlay for land acquisition, streetscape improvements, parking improvements and facade renovations are the primary expenditures of the fund. Projected fund deficits will be financed through future receipts of incremental taxes. 243

2 TIF 1 & Sales Tax TIF District TIF 1 ~t ll. I... I I I I " Sales Tax TIF District ~~ -.~ 244 L-----lw i ~ 1----i----1 t==l---1 ~ t t ~ z t w ::.::

3 CITY OF ELMHURST REDEVELOPMENT PROJECTS FUND Revenues and Expenditures And Changes in Fund Balance (Fiscal Years Ended April 3) 25-Feb-9 Revenues: Property Taxes, Net. Sales Tax - TIF Increment Intergovernmental (Grants) Other Income Interest Income Total Revenues 26/7 27/8 28/9 Actual Actual Estimated 2,119,738 2,29,37 2,144,737 35, , , 635, 87,1 95, 78,837 29,159 27,21 2,54,56 2,843,543 3,474,947 29/1 21/11 Proposed Proposed 2,26, 2,37, 59, 6, 5, 3, 3, 2,93, 2,973, Expenditures: Contractual Services Other Expenses Capital Debt Service Total Expenditures 397,94 172,91 2, 533, ,32 577,5 4,51,346 4,193,398 4,75, 58,27 19, 5,432,397 4,958,16 5,636,5 15, 15, 63, 621, 3,5, 1,25, 118, 14, 3,921, 1,936, Excess (Deficiency) Revenues Over Expenditures (2,928,341) (2, 114,473) (2,161,553) (1,18,) 1,37, Other Financing Source (Uses): Transfers In I (Out) Transfers Out-Debt Service Total Other Fin. Sources (Uses) 1,875,641 2,95, 2,681,855 (43,) (43,21) (585,375) 1,445,641 2,519,79 2,96,48 55, (54,35) (461,595) 45,965 (461,595) Excess (Deficiency) of revenues and other financing sources over expenditures and other fmancing uses (1,482, 7) 45,317 (65,73) (972,35) 575,45 Fund Balance Beginning of Year 1,44,699 (438,1) (32,684) (97,757) (1,69,792) Fund Balance End of Year (438,1) (32,684) (97,757) (1,69,792) (494,387) 245

4 CITY OF ELMHURST REDEVELOPMENT FUND REVENUES 29/21 PROPOSED BUDGET Property Taxes $2,26, 65.5% Other Income $5, I.4% Sales Taxes $59, 17. 1% lnterest Income $3,. 1% Note Proceeds $55, I 5.9% lnt.:rfund Transfer rdlo.:~:b llond prucc\.'\1~ from the propo,..:d 27 G Bond issue

5 ..,. CITY OF ELMHURST, ILLINOIS PROPOSED BUDGET SCHEDULE OF DETAILED REVENUES FOR FISCAL YEAR 21 26/7 27/8 28/9 28/9 29/1 21/11 ACCOUNT NUMBER ACCOUNT DESCRIPTION ACTUAL ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED Redevelopment Fund Property Taxes Corporate 2,119,738 2,29,37 2;215, 2, 144,737 2,26, 2,37, * Property Taxes 2,119,738 2,29,37 2,215, 2, 144,737 2,26, 2,37, Sales Tax Sales Tax 35, , ,2 573, 59, 6, * Sales Tax 35, , ,2 573, 59, 6, Grants Federal 635, 635, * Grants 635; 635, Interest Interest Income 73,391 29,18 1, 25,81 1 ' 1, Undistributed Taxes 3,722 3,957 4, 1,4 2, 2, Unrealized Gain/(Loss) 1 '724 3,95 N ) * Interest 78,837 29' 16 5, 27,21 3, 3, Other Income Rental Income 87,1 75, 95;ooo 5, * Other Income 87,1 75, 95, 5, Operating Transfer In Tsf From Crp Purpose 26 1,875,641 3,165, 2,681, , * Operating Transfer In 1,875,641 3,165, 2,681,855 Bond Proceeds Letter of Credit 2,95, 55, * Bond Proceeds 2,95, 55, ** Redevelopment Fund 4,379,697 5,793,544 6,548,2 6,156,82 3,453, 2,973,

6 CITY OF ELMHURST REDEVELOPMENT FUND EXPENDITURES 29/21 PROPOSED BUDGET Capital 68.9% $3,5,..,. N Contractual Services 3.4% $15, Debt Service-Interest 2.7% $118, Interfund Transfers 11.4% $54,35 Other Expenses 13.6% $63,

7 CITY OF'ELMHURST, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES PROPOSED BUDGET FOR FISCAL YEAR 21 ACCOUNT NUMBER ACCOUNT DESCRIPTION 26/7 ACTUAL 27/8 ACTUAL 28/9 BUDGET 28/9 ESTIMATED 29!1 PROJECTED 21/11 PROJECTED Redevelopment Fund Redevelopment (TIF 1) Redevelopment Contractual Services Professional Services 397,94 172,91 15, 2, 15, 15, * Contractual Services 397,94 172,91 15, 2, 15, 15, Other Expenses Developer Incentive City Centre, Inc. 79, ,134 3, 54,32 5, 496, 5, 527' 5 5, 553, 5, 571, * Other Expenses 533, ,32 546, 577' 5 63, 621, Capital Outlay Property/Land Acquisition Streetscape Utilities Relocation Other Public Improvements Facade Renovation 4,226, , 14, '142 3,777,316 35,339 12,413 53,33 3,2, 2,9, 1,315, 25, 1,25, 2,35, 9, 25, 2,1, 45, 35, 15, 95, 25, 5, * Capital Outlay 4,51,345 4,193,398 7,665, 4, 75, 3,5, 1,25, Debt Service Interest 58,27 147,5 19, 118; 14, * Debt Service 58,27 147,5 19, 118, 14, Other Financing Uses Tsf to Debt Svc G Bonds 43, 43,21 558, ,375 54,35 461,595 * Other Financing Uses 43, 43,21 558, ,375 54,35 461,595 ** Capital Projects 5,862,396 5,388,226 9,66,715 6,221,875 4,425,35 2,397,595 *** Redevelopment (TIF 1) 5,862,396 5,388,226 9,66,715 6,221,875 4,425,35 2,397,595 **** 5,862,396 5,388,226 9,66,715 6,221,875 4,425,35 2,397,595 ***** Redevelopment Fund 5,862,396 5,388,226 9' 66,715 6,221,875 4,425,35 2,397,595

8 CITY OF ELMHURST INCREASE IN PROPOSED LINE ITEM 29-1 BUDGET Instructions 1. Provide explanation if increase (5) is in excess of 5% and more than $2,5 over the previous year's budget (3). Fund - Redevelopment Dept/Division- Redevelopment Account Code(#)! 27-8 Actual ~ 28-9 Estimated ~ 28-9 Budget ~ 29-1 Proposed Increase (4-3)!! Proposed A) $54,32 $527,5 $496, $553, $57, $571, Account Description- City Centre, Inc. Explanation- This line item reflects payment to City Centre for the TIF 1 property tax increment that is due to the Special Service Areas 6 & 7 tax levy. The proposed budget anticipated EA V growth in Special Service Areas 6 & 7 within TIF 1. 25

9 CITY OF ELMHURST, IL 29/1 PROPOSED BUDGET INDUSTRIAL DEVELOPMENT FUND (TIF II) The Industrial Development Fund (TIF II) is used to account for the taxincrement revenues used for the development of the City's Lake Street taxincrement financing district. Line of credit drawdowns (borrowings) have been used to purchase approximately seven acres of land, where the individual parcels purchased could not be developed individually. Revenue generated from the sale of property and the property tax increment created from the development will be used to repay the line of credit debt (the public benefit portion of Special Assessment #556 was paid off in FY 25/6). FY 29/1 projects final payoff of the line of credit debt and no other significant TIF related expenses at this time. Therefore, surplus distributions to applicable taxing agencies are anticipated. 251

10 Tax Increment Financing District 2 1 FULLERTON AVE..--~-. N Vl N FISCHER,--- FARM RD 1

11 CITY OF ELMHURST INDUSTRIAL DEVELOPMENT FUND Revenues and Expenditures And Changes in Fund Balance (Fiscal Years Ended April 3) 24-Feb-9 Revenues: Property Taxes, Net Interest Income Total Revenues 26/7 27/8 28/9 Actual Actual Estimated 476, ,89 654,75 5,184 6,879 1, , , ,267 29/1 21/11 Proposed Proposed 68, 77, 2, 2, 682, 79, Expenditures: Contractual Services Other Expenses Capital Debt Service Total Expenditures 2,445 3,244 3, 78,85 58,733 11, 81,295 61,977 14, 5, 5, 625, 7, 1, 1, 2, 642, 715, Excess (Deficiency) Revenues Over Expenditures 4, , ,267 4, (6,) Other Financing Source (Uses): Line of Credit Proceeds (Repayment) Total Other Fin. Sources (Uses) (325,) (49,) (655,) (325,) (49,) (655,) (29,31l (29,31) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses 75,362 (15,289) (12,733) 1,699 (6,) Fund Balance Beginning of Year (35,62) 4,3 25,11 12,278 22,977 Fund Balance End ofyear 4,3 25,11 12,278 22,977 16,

12 CJ TY OF ELMHURST, I LLI NOI S PROPOSED BUDGET SCHEDULE OF DETAILED REVENUES FOR FISCAL YEAR 21 26/7 27/8 28/9 28/9 29/1 21/11 ACCOUNT NUMBER ACCOUNT DESCRIPTION ACTUAL ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED Industrial Development Property Taxes Corporate 476,72 529,89 728,8 654,75 68, 77, Corporate 41 * Property Taxes 476, ,89 728,8 654,75 68, 77, Interest Interest Income 4' 161 5,6 5, 1,1 1,5 1, Undistributed Taxes 1,23 1,279 1, * Interest 5' 184 6,879 6, 1,517 2, 2, ** Industrial Development 481, , ,8 656, , 79,

13 CITY OF ELMHURST, ILLINOIS PROPOSED BUDGET SCHEDULE OF DETAILED EXPENDITURES FOR FISCAL YEAR 2D1 26!7 27/8 28/9 28/9 29/1 21/11 ACCOUNT NUMBER ACCOUNT DESCRIPTION ACTUAL ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED Industrial Development Industrial Dvlp(TIF 2) Industrial Development Contractual Services Professional Services 2,445 3,244 5, 3, 5, 5, * Contractual Services 2,445 3,244 5, 3, 5, 5, Other Expenses Other Expenses 625, 7, < * Other Expenses 625, 7, Capital Outlay Land Improvements 1, 1, 1, * Capital Outlay 1, 1, 1, N Debt Service V> Interest 78,85 58,733 21, 11, 2, V> Principal Line of Credit 325, 49, 684,31 655, 29,31 * Debt Service 43,85 548,733 75,31 666, 31,31 ** Capital Projects 46, ,977 72,31 669, 671,31 715, *** Industrial Dvlp (TI F 2) 46, ,977 72,31 669, 671,31 715, **** 46, ,977 72,31 669, 671,31 715, ***** Industriat Development 46, ,977 72,3D1 669, 671,31 715,

14 CITY OF ELMHURST INCREASE IN PROPOSED LINE ITEM 29-1 BUDGET Instructions 1. Provide explanation if increase (5) is in excess of 5% and more than $2,5 over the previous year's budget (3). Fund - Industrial Development Dept/Division - Industrial Development Account Code (#)! 27-8 Actual ~ 28-9 Estimated J Budget :! 29-1 Proposed Increase (4-3) Proposed A) $ $ $ $625, $625, $7, Account Description - Other Expenses Explanation- Based on the payoff of the line of credit and no further anticipated expenditures, the proposed budget reflects the surplus amount available to be paid to the taxing bodies within TIF

15 CITY OF ELMHURST, IL 29/1 PROPOSED BUDGET RT. 83 COMMERCIAL DEVELOPMENT FUND (TIF III) The Rt. 83 Commercial Development Fund (TIF Ill) is used to account for the tax-increment revenues used for the development of the City's Rt. 83 taxincrement financing district. Future expenditures include infrastructure improvements within the tax-increment financing district, administrative fees, and the purchase of property outside the TIF district as it relates to the relocation of the municipal garage. Proceeds from the 1998 general obligation bond issue and property tax-increment revenues have funded the development of the Rt. 83 TIF district. Projected fund deficits will be financed through future receipts of incremental taxes. 257

16 Tax Increment Financing District 3 TIF 3 D ~ ST CHARLES ROA 258

17 CITY OF ELMHURST RT. 83 COMMERCIAL DEVELOPMENT FUND Revenues and Expenditures And Changes in Fund Balance (Fiscal Years Ended April3) 24-Feb-9 Revenues: Property Taxes, Net Interest Income Total Revenues 26/7 27/8 28/9 29/1 Actual Actual Estimated Proposed 358,58 353,16 339, , , , ,75 349,8 21/11 Proposed 359, ,8 Expenditures: Contractual Services Capital Total Expenditures ,5 4, 2,, ,5 2,4, 4, 4, Excess (Deficiency) Revenues Over Expenditures 358, , ,25 (1,654,2) 355,8 Other Financing Source (Uses): Operating Transfers Out Total Other Fin. Sources (Uses) (87,8) (85,56) (82,595) (8,165) (87,8) (85,56) (82,595) (8,165) (77,445) (77,445) Excess (Deficiency) of revenues and other financing sources over expenditures and other fmancing uses 27, , ,655 (1, 734,365) 278,355 Fund Balance Beginning of Year (I,248,899) (978,331) (71,464) (463,89) (2, 198, 174) Fund Balance End of Year (978,331) (71,464) (463,89) (2,198,174) (1,919,819) 259

18 CITY OF ELMHURST, ILLINOIS SCHEDULE OF DETAILED REVENUES ACCOUNT NUMBER ACCOUNT DESCRIPTION RT 83 COMMERCIAL DEVELOP Property Taxes Corporate TIF Rebate * Property Taxes PROPOSED BUDGET FOR FISCAL YEAR 21 26/7 27/8 28/9 ACTUAL ACTUAL BUDGET 429,52 43,669 48, 7,923-77,653-88, , ,16 392, 28/9 29/1 21/11 ESTIMATED PROJECTED PROJECTED 421, ,5 447,5 82,426-85,- 88, , ,5 359,5 Interest Interest Income Undistributed Taxes * Interest ** RT 83 COMMERCIAL DEVELOP , , , ,75 349,8 359,8 N \

19 CITY OF ELMHURST, ILLINOIS SCHEDULE OF DETAILED EXPENDITURES PROPOSED BUDGET FOR FISCAL YEAR 21 ACCOUNT NUMBER ACCOUNT DESCRIPTION- 26/7 ACTUAL 27/8 ACTUAL 28/9 BUDGET 28/D9 ESTIMATED 29/1 PROJECTED 21/11 PROJECTED RT 83 COMMERCIAL DEVELOP RT 83 COMMERCIAL DEVELOP COMMERCIAL DEVELOPMENT Contractual Services Consultant Fees Professional Services , 2, 5 1, 2, 2, 2, 2, * Contractual Services , 1,5 4, 4, Capital Outlay Property/Land Acquisition 2,, 2,, * Capital Outlay 2,, 2,, Other Financing Uses Tsf to Debt Svc G Bonds 87,8 85,56 82,595 82, ,445 * Other Financing Uses 87,8 85,56 82,595 82, ,445 ** Capital Projects 88,691 85,916 2,86,595 93,95 2,84,165 81,445 *** RT 83 COMMERCIAL DEVELOP 88,691 85,916 2,86,595 93,95 2,84,165 81,445 **** 88,691 85,916 2,86,595 93,95 2,84,165 81,445 ***** RT-83 COMMERCIAL DEVELOP 88,691 85,916 2",86,595 93,95 2,84,165 81,445

20 CITY OF ELMHURST, IL 29/1 PROPOSED BUDGET CORPORATE PURPOSE SERIES 26 FUND The Corporate Purpose Series 26 Fund is used to account for the proceeds of the $9,5, (new money), 26 General Obligation (G.O.) Corporate Purpose Bonds. The proceeds will be used primarily to finance infrastructure/roadway improvements, land acquisition and other capital improvements to City owned property. 262

21 CITY OF ELMHURST CORPORATE PURPOSE SERIES 26 FUND Revenues and Expenditures And Changes in Fund Balance (Fiscal Years Ended Apri13) 24-Feb-9 Revenues: Interest Income Total Revenues 26/7 27/8 28/9 Actual Actual Estimated 27, ;941 5,71 27, ,941 5,71 29/1 21/11 Proposed Proposed Expenditures: Debt Service - Bond Issue Exp. Total Expenditures Excess Revenues Over Expenditures 27, ,941 5,71 Other Financing Source (Uses): Bond Proceeds Operating Transfers Out - C1P Operating Transfers Out - Rdvlp. Total Other Fin. Sources (Uses) 8,675 (1,677,478) (5,) (1,875,641) (2,681,855) (3,544,444) (5,) (2,681,855) Excess (Deficiency) of revenues and other financing sources over expenditures and other fmancing uses (3,337,33) (354,59) (2,631,145) Fund Balance Beginning of Year 6,322,57 2,985,24 2,631,145 Fund Balance End of Year 2,985,24 2,631,

22 CITY OF ELMHURST, ILLINOIS SCHEDULE OF DETAILED REVENUES ACCOUNT NUMBER ACCOUNT DESCRIPTION Corp Purpose Series 26 Interest Interest Income Unrealized Gain/(Loss) * Interest * Bond Proceeds G.. Bonds Bond Proceeds ** Corp Purpose Series 26 PROPOSED BUDGET FOR FISCAL YEAR 21 26/7 27/8 28!9 ACTUAL ACTUAL BUDGET 223, ,742 7,236 16,646-3, , ,941 7,236 8, , , ,941 7,236 28!9 29/1 21/11 ESTIMATED PROJECTED PROJECTED 5, , ,71

23 CITY OF ELMHURST, ILLINOIS PROPOSED BUDGET SCHEDULE OF DETAILED EXPENDITURES FOR FISCAL YEAR 21 26/7 27!6 28/9 26!9 29/1 21/11 ACCOUNT NUMBER ACCOUNT DESCRIPTION ACTUAL ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED Corp Purpose Series 26 Capital Projects Other Financing Uses Transfer to Capital lmprv 1,677,478 5, Tsf to Redevelopment 1,875,641 3,165, 2,681,855 * Other Financing Uses 3,553,119 5, 3,165, 2,681,855 ** Capital Projects 3,553,119 5, 3,165, 2,681,855 *** Corp Purpose Series 26 3,553,119 5, 3,165, 2,681,855 **** Corp Purpose Series 26 3,553,119 5, 3,165, 2,681,855 ***** Corp Purpose Series 26 3,553,119 5, 3,165, 2,681,855

24 CITY OF ELMHURST, IL 29/1 PROPOSED BUDGET CORPORATE PURPOSE SERIES 28 FUND The Corporate Purpose Series 28 Fund will be used to account for the proceeds of the $8,17,, 28 General Obligation (G.O.) Corporate Purpose Bonds. A portion of the proceeds were used for the refunding of a portion of the Corporate Purpose Series 2 G.O. Bonds, and the remaining proceeds ($7,13, of new money) will be used primarily to finance fire station #2 building improvements, and other infrastructure improvements to City owned property. 266

25 CITY OF ELMHURST CORPORATE PURPOSE SERIES 28 FUND Revenues and Expenditures And Changes in Fund Balance (Fiscal Years Ended April 3) 24-Feb-9 Revenues: Interest Income Total Revenues 26/7 27/8 28/9 Actual Actual Estimated 62,34 62,34 29/IO 21/11 Proposed Proposed 7, 7, Expenditures: Debt Service - Bond Issue Exp. Total Expenditures 118, ,664 Excess Revenues Over Expenditures (56,324) 7, Other Financing Source (Uses): Bond Proceeds Transfer to escrow Transfers Out- Pub. Facility Total Other Fin. Sources (Uses) 7,42, (1,45,372) (5,26,) 1,114,628 (I,65,34) (I,65,34) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses 1,58,34 (I,58,34) Fund Balance Beginning of Year I,58,34 Fund Balance End of Year 1,58,34 267

26 CITY OF ELMHURST, ILLINOIS SCHEDULE OF DETAILED REVENUES PROPOSED BUDGET FOR FISCAL YEAR 2D1D ACCOUNT NUMBER ACCOUNT DESCRIPTION Corp Purpose Series 2DD8 Interest 361-DDDD DO Interest Income * Interest Bond Proceeds 361-DD-392-D2-DD G- o_ Bonds * Bond Proceeds ** Corp Purpose Series 2DD8 2DD6/D7 ACTUAL D -----~----- D D DD7!DB 2DD8/D9 2DD8/D9 2DD9!1D 2D1D!11 ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED D 1DD,DOD 62,34D 7,DOD D DO,DOD 62,34D 7,DDD D 5,26D,ODD 7,42D,DDD D D D 5,26D,DDD 7,42D,DDD D D ,36D,DDD 7,482,34D 7,DDD D N \

27 CITY OF ELMHURST, I LLI NO! S PROPOSED BUDGET SCHEDULE OF DETAILED EXPENDITURES FOR FISCAL YEAR 21 26/7 27/8 28/9 28/9 29!1 21/11 ACCOUNT NUMBER ACCOUNT DESCRIPTION ACTUAL ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED Corp Purpose Series 28 Capital Projects Debt Service 361-'463_9-1 Bond Issue Expense 1, 118,664 * Debt Service 1, 118,664 Other Financing Uses Tsf to Public Facilities 5,26, 5,26, 1,65, Tsf to Debt Svc G Bonds 1,45, * Other Financing Uses 5,26, 6,35,372 1,65,34 N \ 1. ** Capital Projects 5,36, 6,424,36 1,65,34 *** Corp Purpose Series 28 5,36, 6,424,36 1,65,34 **** Corp Purpose Series 28 5,36, 6,424,36 1,65,34 ***** Corp Purpose Series 28 5,36, 6,424,36 1,65,34

28 CITY OF ELMHURST, IL 29/1 PROPOSED BUDGET CORPORATE PURPOSE SERIES 29 FUND The Corporate Purpose Series 29 Fund will be used to account for the proceeds of the $1,, (new money), 29 General Obligation (G.O.) Corporate Purpose Bonds. The proceeds will be used primarily to finance parking improvements in the Central Business District and the public benefit portion of the infrastructure improvements associated with the construction of the new Elmhurst Memorial Hospital. 27

29 CITY OF ELMHURST CORPORATE PURPOSE SERIES 29 FUND Revenues and Expenditures And Changes in Fund Balance (Fiscal Years Ended April 3) 24-Feb-9 Revenues: 26/7 Actual 27/8 Actual 28/9 Estimated 29/1 Proposed 21/11 Proposed Interest Income Total Revenues Expenditures: Debt Service - Bond Issue Exp. Total Expenditures Excess Revenues Over Expenditures Other Financing Source (Uses): Bond Proceeds Transfers Out - CJP Total Other Fin. Sources (Uses) 1,, (1,,) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses Fund Balance Beginning of Year Fund Balance End of Year 271

30 CITY OF ELMHURST, ILLINOIS SCHEDULE OF DETAILED REVENUES PROPOSED BUDGET FOR FISCAL YEAR 21 ACCOUNT NUMBER ACCOUNT DESCRIPTION 26/7 ACTUAL 27/8 28/9 ACTUAL BUDGET 28/9 29/1 21/11 ESTIMATED PROJECTED PROJECTED * Corp Purpose Series 29 Bond Proceeds G.. Bonds Bond Proceeds ,, ,, ** Corp Purpose Series ,,

31 CITY OF ELMHURST, ILLINOIS PROPOSED BUDGET SCHEDULE OF DE TAl LED EXPENDITURES FOR FISCAL YEAR 21-26/7 27/8 28/9 28/9 29/1 21/11 ACCOUNT NUMBER ACCOUNT DESCRIPTION ACTUAL ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED Corp Purpose Series 29 Capital Projects Other Financing Uses Transfer to Capital Imprv 1,, * Other Financing Uses 1,, ** Capital Projects 1,, *** Corp Purpose Series 29 1,, **** Corp Purpose Series 29 1,, ***** Corp Purpose Serles 29 1,,

32 CITY OF ELMHURST, IL 29/1 PROPOSED BUDGET STORMWATER FUND The Stormwater Fund is used to account for the proceeds of fees paid in lieu of meeting stormwater detention requirements for new public and private infrastructure improvements and transfers from the Capital Improvement Fund. Capital outlay for stormwater related improvements (including improvements to Salt Creek) are the primary expenditures of the fund. 274

33 CITY OF ELMHURST STORMWATER FUND Revenues and Expenditures And Changes in Fund Balance (Fiscal Years Ended April 3) 23-Feb-9 Revenues: Interest Income Other Income Total Revenues 26/7 27/8 28/9 Actual Actual Estimated 14,44 1,131 1,31 14,44 1,131 1,31 29/1 21/11 Proposed Proposed 3,3 3,5 1, 1, 13,3 13,5 Expenditures: Capital Debt Service Total Expenditures 55, 55, 1,, 2, 1,, 2, Excess (Deficiency) Revenues Over Expenditures 14,44 1,131 (44,69) (896,7) (96,5) Other Financing Source (Uses): Transfers In Transfers Out. Total Other Fin. Sources (Uses) 55, 55, 75, 15, 75, 15, Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses 14,44 1,131 1,31 (146,7) 53,5 Fund Balance Beginning of Year 263,21 277, , ,92 151,22 Fund Balance End of Year 277, , ,92 151,22 24,72 275

34 CITY OF ELMHURST, ILLINOIS PROPOSED BUDGET SCHEDULE OF DETAILED REVENUES FOR FISCAL YEAR 21 26/7 27/8 28/9 28/9 29/1 21/11 ACCOUNT NUMBER ACCOUNT DESCRIPTION ACTUAL ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED Stormwater Fund Interest Interest Income 13,129 13,285 9,94 1,31 3,3 3, Unrealized Gain/(Loss) ,154- * Interest 14, ,94 1,31 3,3 3,5 Other Income Miscellaneous.1, 1, 1, * Other Income 1, 1, 1, Operating Transfer In Tsf From Capital Improv. 15, 55, 75, 15, * Operating Transfer In 15, 55, 75, 15, N --.) \ ** Stormwater Fund 14,44 1, ,94 65,31 853,3 253,5

35 CITY OF ELMHURST, I Lll NO! S PROPOSED BUDGET SCHEDULE OF DETAILED EXPENDITURES FOR FISCAL YEAR 21 26!7 27/8 28/9 28!9 29/1 21/11 ACCOUNT NUMBER ACCOUNT DESCRIPTION ACTUAL ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED Stormwater Fund Public Works Streets Street/Alley Maintenance Capital Outlay Land Improvements 4, 55, 1,, 2, * Capital Outlay 4, 55, 1,, 2, ** Streets 4, 55, 1,, 2, *** Streets 4, 55, 1,, 2, **** Public Works 4, 55, 1,, 2, ***** Stormwater Fund 4, 55, 1,, 2,

36 CITY OF ELMHURST INCREASE IN PROPOSED line ITEM 29-1 BUDGET Instructions 1. Provide explanation if increase (5) is in excess of 5% and more than $2,5 over the previous year's budget (3). Fund - Stormwater Dept/Division - Stormwater! ~ J. ~ ~ Increase Account Code(#) Actual Estimated Budget Proposed (4-3) Proposed A) $ $55, $4, $1,, $6, Account Description- Land Improvements $2, Explanation - The proposed budget will provide funds for stormwater improvements and flood mitigation such as bank stabilization, dam removal, dredging Salt Creek, berm improvements and local drainage improvements. 278

37 CITY OF ELMHURST, IL 29/1 PROPOSED BUDGET PUBLIC FACILITIES CONSTRUCTION FUND The Public Facilities Construction Fund has been used to account for the monies used for the construction of public facilities. The proposed project in Fiscal Years 29 and 21 is for the construction of Fire Station #2. Funding for the construction will come from the Series 28 General Obligation Bond. 279

38 CITY OF ELMHURST PUBLIC FACILITIES CONTRUC.TION FUND Revenues and Expenditures And Changes in Fund Balance (Fiscal Years Ended April 3) 24-Feb-9 Revenues: Grants Other Income Total Revenues 26/7 27/8 28/9 Actual Actual Estimated 29/1 21/11 Proposed Proposed Expenditures: Capital Total Expenditures 527,38 5,26, 527,38 5,26, 956,62 956,62 Excess (Deficiency) Revenues Over Expenditures (527,38) (5,26,) (956,62) Other Financing Source (Uses): Transfers In/( Out) Total Other Fin. Sources (Uses) 527,38 4,895, ,38 4,895,285 1,321,335 1,321,335 Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses (364,715) 364,715 Fund Balance Beginning of Year (364,715) Fund Balance End of Year (364,715) 28

39 CITY OF ELMHURST, ILLINOIS SCHEDULE OF DETAILED REVENUES PROPOSED BUDGET FOR FISCAL YEAR 21 ACCOUNT NUMBER ACCOUNT DESCRIPTION Public Facilities Constr Interest Interest Income * Interest Operating Transfer In Tsf From Capital Improv Tsf From Crp Purpose 28 * Operating Transfer In ** Public Facilities Constr 26!7 ACTUAL /8 28/9 28/9 29!1 21/11 ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED ,38 364, ,31 5,26, 5,26, 1,65, ,38 5,26, 4,895,285 1,321, ,384 5,26, 4,895,285 1,321,335 N

40 CITY OF ELMHURST, I Lll NO! S SCHEDULE OF DETAILED EXPENDITURES PROPOSED BUDGET FOR FISCAL YEAR 21 ACCOUNT NUMBER ACCOUNT DESCRIPTION Public Facilities Constr Capital Projects Capital Outlay D-28 Architech/Engineering Fire Station Construction * Capital Outlay ** Capital Projects *** Public Facilities Constr **** Public Facilities Constr ***** Public Fac-ilities Constr 26/7 ACTUAL D7/8 2D8/9 28/9 29/1 21/11 ACTUAL BUDGET ESTIMATED PROJECTED PROJECTED 9,272 4, 437,18 5,26, 4,86, 956, ,38 5,26, 5,26, 956,62 527,38 5,26, 5,26, 956, ,38 5,26, 5,26, 956, ,38 5,26, 5,26, 956, ,38 5,26, 5,26, 956,62 N N