2020 BudgetVILLAGE OF OAK BROOK, ILLINOIS
Table of Contents
Fiscal Year 2020
BUDGET MESSAGE ............................................................................................................................................................. 10
INTRODUCTION
Village Mission, Vision, and Value Statements .................................................................................................................. 24
Government Profile & Location ......................................................................................................................................... 25
Strategic Plan ...................................................................................................................................................................... 28
Organizational Chart .......................................................................................................................................................... 30
Personnel Organization Chart ............................................................................................................................................ 31
Financial Organization Chart .............................................................................................................................................. 32
BUDGET OVERVIEW
Budget Process and Schedule ............................................................................................................................................ 33
Budget Organization and Structure ................................................................................................................................... 35
Basis of Accounting and Basis of Budgeting ....................................................................................................................... 38
Fund Structure .................................................................................................................................................................... 39
Fund Descriptions ............................................................................................................................................................... 42
Relationship Between Budgeting Units .............................................................................................................................. 44
BUDGET SUMMARIES
Cash and Investments Analysis .......................................................................................................................................... 46
Cash and Investments Summary ........................................................................................................................................ 47
Cash and Investments History of Major Funds .................................................................................................................. 48
Revenues, Expenditures, and Changes in Fund Balance/Net Position .............................................................................. 49
lnterfund Transfers and Reimbursements ......................................................................................................................... 50
Major Revenue Sources, Assumptions and Trends ............................................................................................................ 51
Revenue Summary Graph by Fund ..................................................................................................................................... 58
Revenues by Major Type Graph ......................................................................................................................................... 59
Expenditures Summary Graph by Fund ............................................................................................................................. 60
Expenditures by Major Type Graph ................................................................................................................................... 61
Summary of Revenues by Fund and Type .......................................................................................................................... 62
Summary of Expenditures by Fund and Type .................................................................................................................... 73
Revenues and Expenditure Comparison Summary ............................................................................................................ 84
Five-Year Financial Plan ...................................................................................................................................................... 85
Five-Year Financial Plan -General Fund Reserve Analysis ................................................................................................ 87
Five-Year Financial Plan -Fund Summaries ....................................................................................................................... 89
CAPITAL AND DEBT
Capital Overview ................................................................................................................................................................ 100
Budgeted Capital Requests ................................................................................................................................................ 102
Description of Major Capital Projects ................................................................................................................................ 113
Debt Overview .................................................................................................................................................................... 119
PERSONNEL AND STAFFING
Personnel Schedule -By Program /Department ................................................................................................................ 120
Personnel Schedule -By Position ...................................................................................................................................... 122
Personnel Assumptions ...................................................................................................................................................... 126