The URL can be used to link to this page

Home My WebLink About03 - March 2025 Fund Financial ReportVILLAGE OAK BROOKOF MONTHLY FINANCIAL REPORTS MARCH 2025 Estimated YTD YTD Net Fund Ending YTD YTD Increase Fund Balance Governmental Funds Revenues Expenditures (Decrease)(Deficit) General Fund (Major Fund)8,780,315$ 7,349,556$ 1,430,759$ 44,808,236$ Main operating fund of the Village. Hotel Fund (Major Fund)330,786$ 181,404$ 149,382$ 5,495,996$ Collects and spends resources from the 3% hotel/motel tax. Motor Fuel Tax Fund 112,761$ 72,635$ 40,127$ 2,432,343$ Collects and spends resources from the State motor fuel tax. Infrastructure Fund (Major Fund)2,491,591$ 796,597$ 1,694,993$ 16,119,501$ Accounts for construction and maintenance of roadways, drainage, and safety path systems. Enterprise Funds Water Fund (Major Fund)2,413,123$ 1,625,665$ 787,458$ 22,706,101$ Collects user fees for the distribution of water and maintenance of infrastructure. Sports Core Fund (Major Fund)836,751$ 645,548$ 191,203$ 3,095,091$ Accounts for revenues and expenses relating to administration, programs, food and beverage operations, and golf course. Internal Service Funds Insurance Fund 738,290$ 800,257$ (61,966)$ 335,663$ Accounts for the Village's health insurance costs and the related contributions from the Village, employees, retirees, and other agencies. Garage Fund 221,310$ 219,226$ 2,084$ 445,746$ Accounts for the maintenance of the Village's vehicle fleet and the related departmental reimbursements. Equipment Replacement Fund 357,517$ 131,083$ 226,435$ 3,844,120$ Accounts for the replacement of the Village's vehicle fleet and the related departmental contributions. Further information on the Village's major funds (as indicated above) can be found on the proceeding pages. Executive Summary on Village Funds Through March 31, 2025 3/31/25 3/31/25 3/31/24 3/31/25 YTD % of YTD 2025 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Sales Tax 4,998,802$ 5,423,089 4,312,500$ 125.8%17,250,000$ 424,288$ State Income Tax 333,460 349,221 325,000 107.5%1,300,000 15,761 Replacement Tax 154,536 89,109 137,500 64.8%550,000 (65,427) Road & Bridge Tax 6,361 1 8,750 0.0%35,000 (6,359) Local Use Tax 90,918 74,510 79,750 93.4%319,000 (16,408) Cannabis Use Tax 3,327 3,328 3,125 106.5%12,500 1 Grants 151,500 7,704 42,780 18.0%171,120 (143,796) Utility/Telecom. Tax 786,329 840,238 937,500 89.6%3,750,000 53,909 Licenses and Permits 685,561 376,394 686,890 54.8%2,747,560 (309,167) Charges for Services 640,803 648,356 684,513 94.7%2,738,050 7,553 Investment Interest 420,621 228,412 250,000 91.4%1,000,000 (192,209) Miscellaneous Income 274,369 237,189 151,555 156.5%606,221 (37,180) Total Operating Revenues 8,546,586$ 8,277,551$ 7,619,863$ 108.6%30,479,451$ (269,035)$ OPERATING EXPENDITURES Personnel 4,734,433$ 5,370,459$ 5,946,815$ 90.3%23,787,259$ 636,025$ Materials and Supplies 119,730 137,162 172,363 79.6%689,454 17,432$ Operation and Contract 1,643,713 1,813,288 1,828,131 99.2%7,312,523 169,575$ Other Expenditures 2,123 2,117 2,475 85.5%9,900 (7)$ Capital Outlay 26,722 26,531 153,144 17.3%612,575 (191)$ Total Operating Expenditures 6,526,722$ 7,349,556$ 8,102,928$ 90.7%32,411,711$ 822,834$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 2,019,863$ 927,995$ (483,065)$ -192.1%(1,932,260)$ (1,091,868)$ INTERFUND TRANSACTIONS Transfers In -$ -$ -$ N/A -$ -$ Transfers Out N/A - Reimbursements From Other Funds 218,985 502,764 502,766 100.0%2,011,062 283,779 Reimbursements To Other Funds - - - N/A - - Sports Core Loan N/A - - Total Interfund Transactions 218,985$ 502,764$ 502,766$ 100.0%2,011,062$ 283,779$ NET FUND INCREASE (DECREASE)2,238,848$ 1,430,759$ 19,700$ 78,802$ (808,089)$ *Includes the collection of Income Tax, Use Tax, Road & Bridge Tax, Personal Property Replacement Tax, and Cannabis Use Tax. Village of Oak Brook General Fund Financial Update For the Period Ending March 31, 2025 3/31/25 3/31/25 3/31/24 3/31/25 YTD % of YTD 2025 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Hotel Tax 348,059$ 296,490$ 350,000$ 84.7%1,400,000$ (51,569)$ Investment Interest 40,661 34,296 15,000 228.6%60,000 (6,365) Loan Interest - - - N/A - - Miscellaneous - - 126,125 504,500 - Total Operating Revenues 388,720$ 330,786$ 491,125$ 67.4%1,964,500$ (57,934)$ EXPENDITURES Personnel -$ 31,277$ 35,217$ 140,868$ -$ Operation and Contract 5,581 65,053 243,991 0.27 975,965 59,471.94 Capital Outlay 2,906 33,626 148,438 22.7%593,750 30,720 Total Expenditures 8,488$ 129,957$ 392,429$ 33.1%1,710,583$ 90,192$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 380,232$ 200,829$ 63,479$ 316.4%253,917$ (148,126)$ INTERFUND TRANSACTIONS Transfer Out -$ -$ -$ N/A -$ -$ Reimbursements to Other Funds (60,978) (51,447) (51,448) 100.0%(205,791) 9,531 Total Interfund Transactions (60,978)$ (51,447)$ (51,448)$ 100.0%(205,791)$ 9,531$ NET FUND INCREASE (DECREASE)319,254$ 149,382$ 12,031$ 48,126$ (138,595)$ Note - Expenditures are recorded in program 171. Village of Oak Brook Hotel Tax Fund Financial Update For the Period Ending March 31, 2025 3/31/25 3/31/25 3/31/24 3/31/25 YTD % of YTD 2025 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Non-Home Rule Sales Tax 2,204,203$ 2,355,984$ 1,748,750$ 134.7%6,995,000$ 151,781$ Charges for Services - - - N/A - -$ Investment Interest 181,961 135,607 100,000 135.6%400,000 (46,354) Grants - - - N/A - - Miscellaneous 1,990 - - N/A - (1,990) Total Operating Revenues 2,388,154$ 2,491,591$ 1,848,750$ 134.8%7,395,000$ 103,437$ OPERATING EXPENDITURES Personnel 40,775$ 13,996$ -$ N/A -$ (26,780)$ Materials and Supplies 35 2,740 11,950 22.9%47,800 2,705 Operation and Contract 207,469 307,852 572,053 53.8%2,288,213 100,383 Other Expenditures 5,334 - - N/A (5,334) Capital Outlay 141,083 296,533 1,127,794 26.3%4,511,174 155,450 Total Operating Expenditures 394,697$ 621,121$ 1,711,797$ 36.3%6,847,187$ 226,425$ SURPLUS (DEFICIT) OF REVENUES OVER EXPENDITURES 1,993,457$ 1,870,469$ 136,953$ 1365.8%547,813$ (122,988)$ INTERFUND TRANSACTIONS Transfers In -$ -$ -$ N/A -$ -$ Reimbursements From Other Funds - - 50,000 0.0%200,000 - Reimbursements To Other Funds (8,001) (175,476) (175,477) 100.0%(701,906) (167,475) Total Interfund Transactions (8,001)$ (175,476)$ (125,477)$ 139.8%(501,906)$ (167,475)$ NET FUND INCREASE (DECREASE)1,985,456$ 1,694,993$ 11,477$ 45,907$ (290,463)$ Village of Oak Brook Infrastructure Fund Financial Update For the Period Ending March 31, 2025 3/31/25 3/31/25 3/31/24 3/31/25 YTD % of YTD 2025 Difference YTD YTD Amended Amended Adopted Prior Actual Actual Budget Budget Budget Year OPERATING REVENUES Plan Review Fees 152$ 450$ 131$ 342.9%525$ 298$ Building/Inspection Fees - - 375 0.0%1,500 - Water Sales 2,051,167 2,111,403 2,827,299 74.7%11,309,195 60,236 Unmetered Sales 12,926 3,131 15,000 20.9%60,000 (9,796) Water Connection Fees 15,870 22,310 18,500 120.6%74,000 6,440 Fire Service Charge - - - N/A - - Meter Charges 3,790 8,537 3,750 227.7%15,000 4,747 Special Services - - 3,750 0.0%15,000 - Investment Interest 322,515 228,737 175,000 130.7%700,000 (93,778) Proceeds from Property Sale - - - N/A - - Miscellaneous 21,052 38,556 18,750 205.6%75,000 17,504 Total Operating Revenues 2,427,472$ 2,413,123$ 3,062,555$ 78.8%12,250,220$ (14,348)$ OPERATING EXPENDITURES Personnel 159,538$ 140,817$ 164,319$ 85.7%657,277$ (18,721)$ Materials and Supplies 29,056 39,673 29,918 132.6%119,671 10,617 Operation and Contract 882,386 1,157,438 1,725,890 67.1%6,903,559 275,052 Capital Outlay 101 140,434 1,938,548 7.2%7,754,190 140,333 Total Expenditures 1,071,080$ 1,478,362$ 3,858,674$ 38.3%15,434,696$ 407,282$ Surplus (Deficit) of Revenues Over Expenditures 1,356,391$ 934,761$ (796,119)$ -117.4%(3,184,476)$ (421,630)$ INTERFUND TRANSACTIONS Reimbursements To Other Funds (109,221)$ (147,303)$ (147,301)$ 100.0%(589,202)$ (38,082)$ Total Interfund Transactions (109,221)$ (147,303)$ (147,301)$ 100.0%(589,202)$ (38,082)$ Fund Increase/(Decrease) - Budgetary Basis 1,247,170$ 787,458$ (943,419)$ (3,773,678)$ (459,712)$ *Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Water Fund Financial Update For the Period Ending March 31, 2025 Village of Oak Brook Monthly Operating Statement Sports Core Fund Consolidated Presentation For the Period Ending March 31, 2025 3/31/25 3/31/25 3/31/25 YTD % of YTD 2025 3/31/24 Difference B&T Recreation Field Clubhouse Golf YTD Amended Amended Adopted YTD Prior Operations Operations Operations Club Total Budget Budget Budget Total Year OPERATING REVENUES Memberships 376,671$ -$ -$ 243,450$ 620,121$ 239,902$ 258.5%959,607$ 303,575$ 316,546$ Greens Fees - - - 21,438 21,438 466,498 4.6%1,865,990 25,932 (4,494) Pro Shop Sales - - - 4,455 4,455 45,000 9.9%180,000 5,681 (1,225) Golf Lessons - - - 23,725 23,725 11,250 210.9%45,000 6,475 17,250 Driving Range Fees - - - 66,182 66,182 165,346 40.0%661,382 53,694 12,488 Golf Surcharge - - - 2,795 2,795 56,250 5.0%225,000 Rentals - 7,500 40,745 14,854 63,099 275,500 22.9%1,102,000 35,531 27,568 Programs/User Fees 6,694 - - - 6,694 51,450 13.0%205,800 - 6,694 Food Sales - - - 870 870 14,445 6.0%57,780 - 870 Beverage Sales - - - 884 884 19,720 4.5%78,880 - 884 Grants - - - - - - N/A - - - Other Revenue 3,422 - - 13,063 16,486 24,500 67.3%98,000 3,972 12,513 Total Operating Revenues 386,787$ 7,500$ 40,745$ 391,716$ 826,749$ 1,369,860$ 60.4%5,479,439$ 434,861$ 389,093$ OPERATING EXPENDITURES Personnel 44,560$ -$ -$ 156,491$ 201,050$ 412,766$ 48.7%1,651,064$ 159,996$ 41,054$ Materials & Supplies 3,369 - 14 28,731 32,113 106,508 30.2%426,030 26,291 5,822 Operational & Contractual 134,583 1,960 9,273 41,410 187,226 302,927 61.8%1,211,708 236,689 (49,463) Other - - - - - - N/A - 12,696 (12,696) Capital 10,088 - - 76,530 86,618 392,488 22.1%1,569,954 34,634 51,984 Total Operating Expenditures 192,600$ 1,960$ 9,287$ 303,162$ 507,008$ 1,214,689$ 41.7%4,858,755$ 470,307$ 36,700$ B&T Administration Overhead Allocation*164,009$ (13,939)$ (30,224)$ (119,847)$ -$ -$ N/A -$ -$ -$ Operating Revenues Over (Under) Expenditures 358,197$ (8,398)$ 1,235$ (31,292)$ 319,741$ 155,171$ 206.1%620,684$ (35,447)$ 352,393$ INTERFUND TRANSACTIONS Reimbursement From Other Funds 10,002$ -$ -$ -$ 10,002$ 10,000$ 100.0%40,000$ 10,002$ -$ Reimbursement To General Fund (138,540) - - - (138,540) (138,527) 100.0%(554,106) (38,091) (100,449) Total Interfund Transactions (128,538)$ -$ -$ -$ (128,538)$ (128,527)$ 100.0%(514,106)$ (28,089)$ (100,449)$ Total Revenues Over (Under) Expenditures - Budgetary Basis 229,659$ (8,398)$ 1,235$ (31,292)$ 191,203$ 26,644$ 106,578$ (63,536)$ 251,944$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a % basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Bath & Tennis Club Recreation Operations For the Period Ending March 31, 2025 3/31/25 3/31/25 822 3/31/25 YTD % of YTD 2025 3/31/24 Difference 811 812 813 Poolside YTD Adopted Amended Adopted YTD Prior B&T Admin Swimming Tennis Café Total Budget Budget Budget Total Year OPERATING REVENUES Memberships -$ 366,540$ 10,131$ -$ 376,671$ 125,695$ 299.7%502,782$ 71,550$ 305,121$ Programs/User Fees - 5,794 900 - 6,694 51,450 13.0%205,800 - 6,694 Food Sales - - - - - 2,008 0.0%8,030 - - Beverage Sales - - - - - 908 0.0%3,630 - - Grants - - - - - - N/A - - - Other Revenue 2,672 - - 750 3,422 22,750 15.0%91,000 2,588 835 Total Operating Revenues 2,672$ 372,334$ 11,031$ 750$ 386,787$ 202,810$ 190.7%811,242$ 74,138$ 312,650$ OPERATING EXPENDITURES Personnel 44,439$ 121$ -$ -$ 44,560$ 72,654$ 61.3%290,617$ -$ 44,560$ Materials & Supplies - 3,356 12 - 3,369 7,039 47.9%28,155 2,215 1,154 Operational & Contractual 66,407 68,176 - - 134,583 160,837 83.7%643,347 132,071 2,512 Other - - - - - - N/A - 12,696 (12,696) Capital 89 10,000 - - 10,088 179,725 5.6%718,900 13,586 (3,498) Total Operating Expenditures 110,935$ 81,653$ 12$ -$ 192,600$ 420,255$ 45.8%1,681,019$ 160,568$ 32,031$ B&T Administration Overhead Allocation*208,002$ (34,631)$ (6,862)$ (2,500)$ 164,009$ 164,009 100.0%656,036$ -$ 164,009$ Operating Revenues Over (Under) Expenditures 99,739$ 256,050$ 4,157$ (1,750)$ 358,197$ (53,435)$ -670.3%(213,742)$ (86,431)$ 444,628$ INTERFUND TRANSACTIONS Reimbursement From Other Fund 10,002$ -$ -$ -$ 10,002$ 10,000$ 100.0%40,000$ 10,002$ -$ Reimbursement To General Fund (138,540) - - - (138,540) (138,527) 100.0%(554,106) - (138,540) Total Interfund Transactions (128,538)$ -$ -$ -$ (128,538)$ (128,527)$ 100.0%(514,106)$ 10,002$ (138,540)$ Total Revenues Over (Under) Expenditures - Budgetary Basis (28,799)$ 256,050$ 4,157$ (1,750)$ 229,659$ (181,962)$ (727,848)$ (76,429)$ 306,088$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Open Fields Operations For the Period Ending March 31, 2025 3/31/25 3/31/25 3/31/25 YTD % of YTD 2025 3/31/24 Difference 815 816 YTD Amended Amended Adopted YTD Prior Polo Open Fields Total Budget Budget Budget Total Year OPERATING REVENUES Field Rentals -$ 7,500$ 7,500$ 50,750$ 14.8%203,000$ 5,250$ 2,250$ Range Rentals - - - - N/A - - - Taste of Oak Brook - - - - N/A - - - Other Revenue - - - N/A - - - Total Operating Revenues -$ 7,500$ 7,500$ 50,750$ 14.8%203,000$ 5,250$ 2,250$ OPERATING EXPENDITURES Personnel -$ -$ -$ -$ N/A -$ -$ -$ Materials & Supplies - - - 2,373 0.0%9,490 - - Operational & Contractual - 1,960 1,960 19,006 10.3%76,022 927 1,032 Capital - - - - N/A - - - Total Operating Expenditures -$ 1,960$ 1,960$ 21,378$ 9.2%85,512$ 927$ 1,032$ B&T Administration Overhead Allocation*-$ (13,939)$ (13,939)$ (13,939) 100.0%(55,754)$ -$ (13,939)$ Total Revenues Over (Under) Expenditures - Budgetary Basis -$ (8,398)$ (8,398)$ 15,433$ -54.4%61,733$ 4,323$ (12,721)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Bath & Tennis Clubhouse Operations For the Period Ending March 31, 2025 3/31/25 3/31/25 821 YTD % of YTD 2025 3/31/24 Difference B&T Amended Amended Adopted YTD Prior Clubhouse Budget Budget Budget Total Year OPERATING REVENUES Rentals 40,745$ 58,500$ 69.7%234,000$ 22,053$ 18,692$ Other Revenue - - 0.0%- - - Total Operating Revenues 40,745$ 58,500$ 69.7%234,000$ 22,053$ 18,692$ OPERATING EXPENDITURES Personnel -$ -$ N/A -$ -$ -$ Materials & Supplies 14 3,438 0.4%13,750 3,752 (3,739) Operational & Contractual 9,273 10,091 91.9%40,365 11,890 (2,616) Capital - - N/A - - - Total Operating Expenditures 9,287$ 13,529$ 68.6%54,115$ 15,642$ (6,355)$ B&T Administration Overhead Allocation*(30,224)$ (30,224) 100.0%(120,895)$ -$ (30,224)$ Operating Revenues Over (Under) Expenditures 1,235$ 14,748$ 8.4%58,990$ 6,411$ (5,177)$ Total Revenues Over (Under) Expenditures - Budgetary Basis 1,235$ 14,748$ 58,990$ 6,411$ (5,177)$ *Overhead allocation is comprised of salaries, business forms, liability insurance, building & grounds maintenance and bank service fees in Program 811 - Sports Core General Operations distributed to various Sports Core Programs on a percentage basis. **Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year. Village of Oak Brook Monthly Operating Statement Golf Club Programs For the Period Ending March 31, 2025 3/31/25 3/31/25 823 831 832 833 834 844 3/31/25 YTD % of YTD 2025 3/31/24 Difference Golf Golf General Golf Learning Golf Cart Golf Course Golf YTD Amended Amended Adopted YTD Prior Café Operation & Practice Operations Maintenance Surcharge Total Budget Budget Budget Total Year OPERATING REVENUES Memberships -$ 243,450$ -$ -$ -$ -$ 243,450$ 114,206$ 213.2%456,825$ 232,025$ 11,425$ Greens Fees - 21,438 - - - - 21,438 466,498 4.6%1,865,990 25,932 (4,494) Pro Shop Sales - 4,455 - - - - 4,455 45,000 9.9%180,000 5,681 (1,225) Golf Lessons - - 23,725 - - - 23,725 11,250 210.9%45,000 6,475 17,250 Driving Range Fees - - 66,182 - - - 66,182 165,346 40.0%661,382 53,694 12,488 Rentals 8,550 140 - 6,164 - - 14,854 166,250 8.9%665,000 8,228 6,626 Food Sales 870 - - - - - 870 12,438 7.0%49,750 - 870 Beverage Sales 884 - - - - - 884 18,813 4.7%75,250 - 884 Golf Surcharge - - - - - 2,795 2,795 56,250 5.0%225,000 - Other Revenue - 13,063 - - - - 13,063 1,750 746.5%7,000 1,385 11,679 Total Operating Revenues 10,304$ 282,547$ 89,907$ 6,164$ -$ 2,795$ 391,716$ 1,057,799$ 37.0%4,231,197$ 333,420$ 55,501$ OPERATING EXPENDITURES Personnel -$ 58,903$ -$ -$ 97,588$ -$ 156,491$ 340,112$ 46.0%1,360,447$ 159,996$ (3,506)$ Materials & Supplies (783) (6,165) 23,917 - 11,762 - 28,731 93,659 30.7%374,635 20,324 8,407 Operational & Contractual - 27,545 - 799 13,066 - 41,410 112,993 36.6%451,973 91,801 (50,391) Other - - - - - - - - N/A - - - Capital - 2,780 - - 73,750 - 76,530 212,763 36.0%851,054 21,048 55,482 Total Operating Expenditures (783)$ 83,063$ 23,917$ 799$ 196,165$ -$ 303,162$ 759,527$ 39.9%3,038,108$ 293,169$ 9,992$ Operating Revenues Over (Under) Expenditures 11,086$ 199,484$ 65,990$ 5,365$ (196,165)$ 2,795$ 88,554$ 298,272$ 29.7%1,193,089$ 40,250$ 45,509$ B&T Administration Overhead Allocation*-$ (119,847)$ -$ -$ -$ -$ (119,847)$ (119,847) 100.0%(479,387)$ -$ (119,847)$ INTERFUND TRANSACTIONS Reimbursement To General Fund -$ -$ -$ -$ -$ -$ N/A -$ 0.0%-$ 38,091$ Total Interfund Transactions -$ -$ -$ -$ -$ -$ N/A -$ -$ -$ 38,091$ Total Revenues Over (Under) Expenditures - Budgetary Basis 11,086$ 79,637$ 65,990$ 5,365$ (196,165)$ 2,795$ (31,292)$ 178,425$ 713,702$ 40,250$ (74,338)$ *Estimates based on historical year-end audit adjustments. Actual amounts are not measured and recorded until the end of the year.