S-1518 - 12/12/2017 - BUDGET - Ordinances Supporting Documents BOARD OF TRUSTEES MEETING
VILLAGE OF SAMUEL E. DEAN BOARD ROOM
OAK BR , IK BUTLER GOVERNMENT CENTER
1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS
630-368-5000
AGENDA ITEM
Regular Board of Trustees Meeting
of
December 12, 2017
SUBJECT: 2018 Municipal Budget Q
FROM: Jason Paprocki, Finance Director
BUDGET SOURCE/BUDGET IMPACT: Ordinance Adopting the 2018 Budget
RECOMMENDED MOTION: I.move that the Village Board adopt Ordinance 2017-BU-EX-
S-1518 "An Ordinance Adopting the Budget of the Village of Oak Brook for 2018".
Background/History:
The Village of Oak Brook operates under the Budget Officer Act as outlined in Chapter 24,
Section 8-2-9 of the Illinois Compiled Statutes, as revised. The Act requires the Village
President and Board of Trustees to adopt the annual budget prior to the beginning of the fiscal
year to which it applies and provides that the budget shall serve as the Village's annual
appropriation ordinance.
The 2018 budget workshops were conducted on November 2, 2017 and November 8, 2017 to
review the proposed budget and receive feedback. The budget was made available for public
inspection on the Village's website on October 27, 2017. Notification is required by State
Statute to be given at least ten (10) days prior to its passage by publication in a newspaper of a
public hearing which is held before the final action of the budget to obtain resident comments.
The notification was published in the Daily Herald newspaper on December 1, 2017.
The 2018 Proposed Budget contains the following changes from the document reviewed during
the workshops:
• Reorganization of the Human Resources program, resulting in the reduction of 0.78 FTE
and a savings of$82,045 in personnel related costs.
BOT AGENDA Page 1 RC7
• Addition of $65,000 in contracted forestry work to control buckthorn growth on the
Sports Core property.
• Addition of$45,000 for new signs for the Library, B&T, and Golf Club($15,000 each.).
• Updating the Police Department construction project and related debt issuance from
$2,271,000 to $2,475,165.
• Moving $30,000 Polo contribution from Sports Core Fund to Hotel Tax Fund.
• Lowering the assumed lease payment for the new golf cart fleet($80,000 to $49,575).
• Addition of$40,910 for the purchase of a new utility golf cart fleet.
The attached Exhibit A reflects a summary of all funds estimated 2018 revenues and
expenditures.
Recommendation:
I move that the Village Board adopt Ordinance 2017-BU-EX-S-1518 "An Ordinance Adopting
the Budget of the Village of Oak Brook for fiscal year 2018".
BOT AGENDA Page 2
Exhibit A
VILLAGE OF OAK BROOK,ILLINOIS
Budget Summaries
Revenue and Expenditures Comparison Summary
Fiscal Year 2018
Budgeted Budgeted Net Fund
Fund Revenues Expenditures Increase/(Decrease)
General Fund $ 26,155,895 $ 26,151,500 $ 4,395
Special Revenue Funds
Hotel/Motel Tax 1,370,000 1,386,065 (16,065)
Motor Fuel Tax 210,160 500,000 (289,840)
Capital Project Funds
Infrastructure Fund 6,291,130 8,823,640 (2,532,510)
Promenade Tax Increment Financing 487,750 463,910 23,840
Enterprise Funds
Water Works System 9,937,425 10,789,755 (852,330)
Sports Core 3,410,725 3,395,980 14,745
Golf Surcharge 123,500 - 123,500
Internal Service Funds
Self Insurance 3,259,330 3,317,920 (58,590)
Garage 612,730 797,180 (184,450)
Equipment Replacement 402,940 614,205 (211,265)
TOTAL ALL FUNDS $ 52,261,585 $ 56,240,155 $ (3,978,570)