VILLAGE OF ROMEOVILLE FY 2019-2020 BUDGET PRESENTATION APRIL 17, 2019 Village Board Room 6:00 PM

FY 2019-20 BUDGET HIGHLIGHTS

FY 2019-20 HIGHLIGHTS BUDGET AT A GLANCE TOTAL BUDGET - $129,558,800 INCREASE OF 26% - $26,579,200 CORPORATE FUND BUDGET - $57,115,900 INCREASE OF 5% - $2,959,800 WATER AND SEWER FUND - $33,330,400 INCREASE OF 69% - $13,662,100 5% RATE INCREASE TOTAL CAPITAL - $34,135,800

FY 2019-20 BUDGET THINGS TO KNOW Budget Capital Includes: Public Works Building - $6,500,000 (60% W & S Bond Funds/40% Village) Marquette Well No 14 Site - $4,773,000 Street Resurfacing - $3,600,000 Well 9 & 11 Rehabilitation - $1,565,000 Spangler Lift Station Improvements - $1,562,000 LaFarge Property Purchase - $1,000,000 RHS Ballfield Lighting - $1,000,000 Sludge Handling Project- $ 820,000 Downtown TIF Land - $ 650,000 Cornerstone Land Purchase - $ 600,000

FY 2019-20 BUDGET THINGS TO KNOW Other Capital Highlights: Conservation Park/Lake Strini Redevelopment - $500,000 Hampton Park Decorative Lighting - $400,000 Multi-Use Path Weber to Airport - $301,600 (CMAP Federal Grant – 80-%) Discovery Park Play Ground - $250,000 In-Squad Car Lease & Equipment (10) - $230,000 RT. 53 Pedestrian Crossings - $150,000 Bike Path NGPL Right-of-Way $195,000 Police and K-9 Memorial - $100,000 New Recreation Dept. Software - $ 85,000 RT. 53 Pedestrian Crossings - $ 60,000

FY 2019-20 BUDGET THINGS TO KNOW Budget Personnel Includes: Fire Department Reorganization - $334,000 10 Net Full Time Sworn Positions PT Shift & PT Position Eliminations Extra Duty Elimination Police Patrol Officer - $119,400 Park Maintenance Full Time - $ 75,200 Support Service Tech PT to FT - $ 46,000 Police Summer Staff - $ 13,400

FY 2019-20 BUDGET THINGS TO KNOW Budget Other Items Includes: No New Taxes or Fees 5% State Income Tax Reduction for 12 months Water Bill Rebate Included in the Budget At-Your-Door Electronic/Hazardous Material Pick-Up First Year of Normantown Business District, Normantown TIF, Bluff Road TIF, Independence Road TIF Water Rate Increase – 5% Contract Mandated Refuse Collection Rates Increase 3% plus At Your Door pick-up fees of $1.30 per month

FY 2019-20 BUDGET THINGS TO KNOW Village EAV up 5% - $1.21 billion to $1.27 billion Levy Increase $554,800/3.9% From $14.3 Million to $14.9 Million Tax Rate Decrease - 1.2476 to 1.2390 per $100 EAV 4th Year in a row the tax rate has decreased Estimated Typical Tax Bill - $778 Provide Funds for Fire Department Reorganization Less than 2008 inflation adjusted typical bill of $867

FY 2019-20 BUDGET THINGS TO KNOW $7.6 million abated from levy in debt service payments All Debt Service is abated for FY 19-20/2018 Levy TIF Property Taxes Increase $940,000 Due to Bluff Road, Downtown & Marquette TIFs

FY 2019-20 BUDGET THINGS TO KNOW Budget Increase is Capital Driven - $34.1 Million Increase of 178%/$21.8 Million Water & Sewer Bond Projects $15,000,000 Corporate Portion (40%) PW Facilities $ 2,600,000 Road Resurfacing $ 2,600,000 TIF Land Purchases $ 1,250,000 LaFarge Property Purchase $ 1,000,000 Marquette Business Park Resurfacing $ 1,000,000

FY 2019-20 BUDGET THINGS TO KNOW Other Taxes Revenues are up 11%/$3.3 Million Sales Tax Up 18% $2,300,000 State Income Tax $ 200,000 Use Tax $ 200,000 Local MFT Taxes $ 200,000 Business District Taxes $ 200,000 License & Permits Income is down 29%/$800K Building Permits $ 850,000 Fund Balance Use is up 1441%/$20.3 Million Water & Sewer Bond Projects - $13,000,000 Facility Construction Projects - $ 4,700,000 Downtown TIF Projects - $ 2,000,000

FY 2019-20 BUDGET OVERVIEW

FY 19-20 BUDGET OVERVIEW General Fund Budget Increase - 5%/$2.96 Million Includes $2.06 million transfer to Facility Construction Fund Total Budget Increase - 26%/$26.6 Million $21.8 Million Capital Increase Village Wide Revenues Increase From $85.94 Million to $90.76 Million ($4.82 Million) Sales Tax Increase $2.3 Million Operating Expenditures Up 5% From $78.2 Million to $90.8 Million ($4.8 Million) Capital Projects/Project Transfers - $2.4 Million Salaries & Benefits - $1.6 Million

FY 19-20 Budget Budget by Fund Type

FUND BUDGETS

A Increase of $26,579,200 or 26%

FY 19-20 Budget Revenues by Category Dollars in Millions – Total Revenues $129.6 Million

EXPENDITURES

FY 19-20 Budget Expenditures by Category

An Increase of $2,959,800 or 5%

FY 19-20 Corporate Budget Expenditures by Category

FY 19-20 Corporate Budget Expenditures by Department

FY 18-19 BUDGET FUND BALANCE ANALYSIS

FY 19-20 BUDGET FUND BALANCE ANALYSIS

FY 19-20 BUDGET HIGHLIGHTS OTHER GOALS

FY 19-20 BUDGET HIGHLIGHTS OTHER GOALS

FY 2019-2020 BUDGET PRESENTATION Comments and Questions