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

2. FY BUDGET HIGHLIGHTS

3. 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

4. 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

5. 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

12. 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

14. 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

15. 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 to 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

16. 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

20. 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

21. 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

22. FY BUDGET OVERVIEW

23. FY 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

24. FY 19-20 Budget Budget by Fund Type

25. FUND BUDGETS

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

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

28. EXPENDITURES

29. FY 19-20 Budget Expenditures by Category

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

32. FY 19-20 Corporate Budget Expenditures by Category

33. FY 19-20 Corporate Budget Expenditures by Department

34. FY 18-19 BUDGET FUND BALANCE ANALYSIS

35. FY 19-20 BUDGET FUND BALANCE ANALYSIS

39. FY 19-20 BUDGET HIGHLIGHTS OTHER GOALS

40. FY 19-20 BUDGET HIGHLIGHTS OTHER GOALS

41. FY 2019-2020 BUDGET PRESENTATION Comments and Questions