2022 BudgetVILLAGE OF OAK BROOK, ILUNOIS
Table of Contents
Fiscal Vear 2022
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
Financial Policies and Practices .......................................................................................................................................... 38
Basis of Accounting and Basis of Budgeting ....................................................................................................................... 44
Fund Structure .................................................................................................................................................................... 45
Fund Descriptions ............................................................................................................................................................... 48
Relationship Between Budgeting Units .............................................................................................................................. 50
BUDGET SUMMARIES
Cash and Investments Analysis .......................................................................................................................................... 52
Cash and Investments Summary ........................................................................................................................................ 53
Cash and Investments History of Major Funds .................................................................................................................. 54
Revenues, Expenditures, and Changes in Fund Balance/Net Position .............................................................................. 55
lnterfund Transfers and Reimbursements ......................................................................................................................... 56
Major Revenue Sources, Assumptions and Trends ............................................................................................................ 57
Revenue Summary Graph by Fund ..................................................................................................................................... 64
Revenues by Major Type Graph ......................................................................................................................................... 65
Expenditures Summary Graph by Fund ............................................................................................................................. 66
Expenditures by Major Type Graph ................................................................................................................................... 67
Summary of Revenues by Fund and Type .......................................................................................................................... 68
Summary of Expenditures by Fund and Type .................................................................................................................... 79
Revenues and Expenditure Comparison Summary ............................................................................................................ 90
Five-Year Financial Plan ...................................................................................................................................................... 91
Five-Year Financial Plan -General Fund Reserve Analysis ................................................................................................ 93
Five-Year Financial Plan -Fund Summaries ....................................................................................................................... 95
CAPITAL AND DEBT
Capital Overview ................................................................................................................................................................ 106
Budgeted Capital Requests ................................................................................................................................................ 108
Description of Major Capital Projects ................................................................................................................................ 117
Debt Overview .................................................................................................................................................................... 135
PERSONNEL AND STAFFING
Personnel Schedule -By Program/Department ................................................................................................................ 136
Personnel Schedule -By Position ...................................................................................................................................... 138