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S-1636 - 12/14/2021 - BUDGET - Ordinances THE VILLAGE OF OAK BROOK COOK AND DUPAGE COUNTIES, ILLINOIS ORDINANCE 2021-BU-EX-S-1636 AN ORDINANCE ADOPTING THE BUDGET OF THE VILLAGE OF OAK BROOK FOR 2022 GOPAL G. LALMALANI, Village President CHARLOTTE K. PRUSS, Village Clerk LAURENCE HERMAN MICHAEL MANZO JAMES NAGLE A. SURESH REDDY EDWARD TIESENGA ASIF YUSUF Village Board Published in pamphlet form by authority of the President and the Board of Trustees of the Village of Oak Brook on this the 14th day of December, 2021 Ordinance 2021-BU-EX-S-1636 An Ordinance Adopting The Budget of The Village of Oak Brook For 2022 Page 2 of 3 ORDINANCE 2021-BU-EX-S-1636 AN ORDINANCE ADOPTING THE BUDGET OF THE VILLAGE OF OAK BROOK FOR 2022 BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows: Section 1: Findings: The President and Board of Trustees find that the tentative annual budget of the Village of Oak Brook for 2022 has been conveniently available to public inspection for at least ten (10) days prior to its passage in pamphlet form as prescribed by the corporate authorities. A public hearing has been held prior to final action on the budget, notice of which hearing was given by publication in a newspaper having general circulation in the Village of Oak Brook, said notice having been published at least one week prior to the time of hearing. The hearing on the budget was held not less than one week after the tentative annual budget was published, by placing it on file with the Village Clerk for public inspection. Section 2: The sums set forth for the purposes indicated in the 2022 Municipal Budget of the Village of Oak Brook attached hereto and made a part hereof are hereby budgeted to pay all necessary expenses and liabilities of the Village of Oak Brook for the fiscal period beginning January 1, 2022 and ending December 31, 2022. Section 3: The Village of Oak Brook hereby approves and adopts the 2022 Municipal Budget as attached hereto as Exhibit A. Section 4: In case of a vacancy in any office specified in this Ordinance, the Appointing Authority shall not be required to fill such office, if, in his or her judgment or discretion,there is no necessity therefore. Section 5: The 2022 Municipal Budget may be amended as provided by law. Section 6: This ordinance shall be in full force and effect from and after passage and approval pursuant to law. [SIGNATURE PAGE FOLLOWS] Ordinance 2021-BU-EX-S-1636 An Ordinance Adopting The Budget of The Village of Oak Brook For 2022 Page 3 of 3 APPROVED THIS 14th day of December, 2021. Gopal G. Lalmalani Village President PASSED THIS 141h day of December, 2021. Ayes: Trustees Herman, Manzo, Nagle, Reddy, Tiesenga, Yusuf Nays: None Absent: None fir IF 'j v Q, k ATTEST: A4 o Charlotte K. Pruss r, G' Village Clerk v� cFOOU NT i �� Exhibit A VILLAGE OF OAK BROOK,ILLINOIS Budget Summaries Cash and Investments Analysis Fiscal Year 2022 Projected Budgeted Budgeted 2022 Projected Cash Balance Revenues Expenditures Change in Cash Balance 12/31/2021 2022 2022 Cash 12/31/2022 General Fund $ 24,997,965 $ 25,143,300 $ 25,133,730 $ 9,570 $ 25,007,535 Special Revenue Funds Hotel/Motel Tax 1,219,212 800,500 566,160 234,340 1,453,552 Motor Fuel Tax 1,141,784 465,675 230,000 235,675 1,377,459 Capital Project Funds Infrastructure Fund 8,927,304 7,679,970 12,594,065 (4,914,095) 4,013,209 Promenade TIF 265,495 495,050 490,155 4,895 270,390 Enterprise Funds Water Works System 3,486,085 10,715,500 10,463,385 252,115 3,738,200 Sports Core 914,871 4,570,025 3,875,250 694,775 1,609,646 Golf Surcharge 257,808 125,000 150,000 (25,000) 232,808 Internal Service Funds Self-Insurance 335,310 4,028,035 3,842,600 185,435 520,745 Garage 258,718 621,850 715,725 (93,875) 164,843 Capital Replacement 786,783 820,940 783,175 37,765 824,548 TOTAL ALL FUNDS $ 42,591,335 $ 55,465,845 $ 58,844,245 $ (3,378,400) $ 39,212,935 Exhibit A Summary of 2022 Proposed Budget changes 2022 Proposed 2022 Updated Category Budget Budget Change Sales Tax $ 13,290,000 $ 13,290,000 $ Non-Home Rule Sales Tax 5,815,000 5,815,000 Real Estate Taxes(Promenade TIF) 405,000 405,000 Utility/Telecommunications Tax 5,595,000 5,595,000 Other Taxes 2,683,900 2,683,900 Charges For Services 6,212,040 6,303,050 91,010 Interest 225,225 225,225 - Other* 4,961,685 4,486,185 (475,500) Interfund Revenues 1,501,960 1,461,960 (40,000) Water Sales&Services 10,655,500 10,655,500 - Sports Core User Fees 4,236,475 4,420,025 183,550 Golf Surcharge 125,000 125,000 - $ 55,706,785 $ 55,465,845 $ (240,940) Explanation of changes: Remove taxi license revenue $ (500) Increase EE/ER insurance charges for renewal 5%to 10%at 7/1/22 91,010 Remove Ladder 94 sale proceeds (475,000) Update pool membership sales,remove early bird discount 193,550 Reduce soccer fields maintenance reimbursement (10,000) Remove Sports Core land use reimbursement (40,000) $ (240,940) 2022 Proposed 2022 Updated Category Budget Budget Change Personnel $ 23,534,565 $ 23,449,575 $ (84,990) Materials&Supplies 1,734,930 1,734,930 - Operational&Contractual 16,748,605 16,786,105 37,500 Other Expenditures 1,997,215 1,957,215 (40,000) Capital 15,096,670 14,916,420 (180,250) $ 59,111,985 $ 58,844,245 $ (267,740) Explanation of changes: Change health insurance renewal from 5%to 10%at 7/1/22,update PW union insurance to current rates. $ (13,160) Remove proposed golf cafe chef salary and benefits (71,830) Increase soccer field maintenance from$55,000 to$70,000 15,000 Increase HMO Premium renewal from 5%to 10%at 7/1/22 15,750 Increase PPO Claims renewal from 5%to 10%at 7/1/22 44,000 Reduce Dental Premium to reflect renewal rates (37,250) Remove Infrastructure to Sports Core land use reimbursement (32,000) Remove Water to Sports Core land use reimbursement (8,000) Defer A/C Unit 5 replacement (225,000) Add Server Room and Computer Lab A/C previously budgeted in 2021 125,000 Reduce Fire Station 94 kitchen renovation from$75,000 to 50,000 (25,000) Defer Hotel Tax Fund capital (125,000) Add additional LPR cameras and public safety equipment 200,000 Reduce pool high dive structure from$150,000 to$19,750 (130,250) $ (267,740)