1. City of Lockport, Illinois
FISCAL YEAR 2019 BUDGET
City of Lockport, Illinois

2. General discussion & next steps

3. Note: Use of reserves includes: bond proceeds, excess reserves, and transfers from the general fund excess reserves.

4. Capital Improvements

5. Capital Projects
This fund is utilized to budget for capital outlay and projects within governmental activities. $16,746,100
2019 transfer from General Fund $3,000,000
Use of 2018 Bond Proceeds $2,765,000
2019 Bond $2,100,000
Several revenue sources are utilized for these activities:
Home Rule Sales Tax
Gasoline Tax
Electric Excise Tax
Annexation/Road Impact Fees
Telecom Utility Tax
Grants/Contributions
Transfers from the General Fund

6. 2019 Projects $16,746,100

7. Equipment/Building Capital Expenses

8. Expense breakdown Salary/benefits are the largest
overall expense in general fund

9. New Hire Requests Total Estimated Full Time: Salary/Benefits
Administrative Assistant CED $82,435
2 Police Officers PD $112,464 each
Seasonal:
2 Seasonal workers Water $7,105 each
3 Seasonal workers Street $7,105 each
1 Engineering intern Engineering $8,397 each
Intern Administration $10,754
Replacement:
Laborer Sewer $82,566

10. Thank you!
Are there any questions or suggested revisions?