2021 BudgetVILLAGE OF OAK BROOK, ILLINOIS
Table of Contents
Fiscal Year 2021
BUDGET MESSAGE ............................................................................................................................................................. 10
INTRODUCTION
Village Mission, Vision, and Value Statements .................................................................................................................. 25
Government Profile & Location ......................................................................................................................................... 26
Strategic Plan ...................................................................................................................................................................... 29
Organizational Chart .......................................................................................................................................................... 31
Personnel Organization Chart ............................................................................................................................................ 32
Financial Organization Chart .............................................................................................................................................. 33
BUDGET OVERVIEW
Budget Process and Schedule ............................................................................................................................................ 34
Budget Organization and Structure ................................................................................................................................... 36
Financial Policies and Practices .......................................................................................................................................... 39
Basis of Accounting and Basis of Budgeting ....................................................................................................................... 45
Fund Structure .................................................................................................................................................................... 46
Fund Descriptions ............................................................................................................................................................... 49
Relationship Between Budgeting Units .............................................................................................................................. 51
BUDGET SUMMARIES
Cash and Investments Analysis .......................................................................................................................................... 53
Cash and Investments Summary ........................................................................................................................................ 54
Cash and Investments History of Major Funds .................................................................................................................. 55
Revenues, Expenditures, and Changes in Fund Balance/Net Position .............................................................................. 56
lnterfund Transfers and Reimbursements ......................................................................................................................... 57
Major Revenue Sources, Assumptions and Trends ............................................................................................................ 58
Revenue Summary Graph by Fund ..................................................................................................................................... 65
Revenues by Major Type Graph ......................................................................................................................................... 66
Expenditures Summary Graph by Fund ............................................................................................................................. 67
Expenditures by Major Type Graph ................................................................................................................................... 68
Summary of Revenues by Fund and Type .......................................................................................................................... 69
Summary of Expenditures by Fund and Type .................................................................................................................... 80
Revenues and Expenditure Comparison Summary ............................................................................................................ 91
Five-Year Financial Plan ...................................................................................................................................................... 92
Five-Year Financial Plan -General Fund Reserve Analysis ................................................................................................ 94
Five-Year Financial Plan -Fund Summaries ....................................................................................................................... 96
CAPITAL AND DEBT
Capital Overview ................................................................................................................................................................ 107
Budgeted Capital Requests ................................................................................................................................................ 109
Description of Major Capital Projects ................................................................................................................................ 120
Debt Overview .................................................................................................................................................................... 123
PERSONNEL AND STAFFING
Personnel Schedule -By Program/Department ................................................................................................................ 124
Personnel Schedule -By Position ...................................................................................................................................... 126