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Home My WebLink AboutT12-23 Ordinance No. T12-23 AN ORDINANCE ADOPTING THE 2024 BUDGET IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE WHEREAS, the City Council of the City of Elgin has provided for the preparation and adoption of an annual budget in lieu of passage of an appropriation ordinance for the fiscal year 2024; and WHEREAS, a tentative annual budget has been prepared, notice given and a tentative annual budget made available for inspection for at least seven days; and WHEREAS, the City Council of the City of Elgin, Illinois, has examined said annual budget and has heard all persons appearing and desiring to be heard concerning said annual budget. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: Section 1. That the tentative annual budget heretofore prepared by the budget officer and placed on file as required by statutes of the State of Illinois is hereby adopted in lieu of the passage of an appropriation ordinance for the fiscal year 2024 and is attached hereto. Section 2. That the budget officer is hereby authorized and directed to cause to be prepared and published the 2024 annual budget. Section 3. That this ordinance shall be in full force and effect from and after January 1, 2024. garfr David J. Ka...in, ayor Presented: December 20, 2023 Passed: December 20, 2023 Vote: Yeas: 9 Nays: 0 „ Recorded: December 20, 2023 .�-'� Published: December 20, 2023 •` 4 '4 Kimberly Dews Cit Clerk City of Elgin, IL 2024 Budget Consolidated Summary by Fund/Fund Type General Fund Revenue Property Tax $27,476,740 $27,800,000 $27,800,000 Police Pension 8,352,200 8,453,930 11,719,470 Fire Pension 6,277,690 6,353,730 9,326,850 Sales Taxes 39,183,070 34,560,000 37,180,000 Income Tax 18,705,860 16,500,000 19,000,000 Telecommunications Tax 1,492,470 1,374,000 1,374,000 Bevera:e Tax 1,728,390 1,700,000 1,700,000 Natural Gas Tax 3,356,700 3,000,000 2,750,000 Electricity Tax 4,261,510 4,400,000 4,200,000 Local Motor Fuel Tax 1,640,530 1,700,000 1,700,000 Refuse Fee 7,428,450 7,702,450 8,006,230 Licenses,Permits&Fines 5,167,980 4,041,980 5,007,350 Charges for Services 10,759,210 10,789,900 11,824,230 Transfers In 7,213,030 7,111,740 7,457,760 All Other 11,736,430 12,587,540 15,499,970 General Fund Expenditures Mayor and Council $266,630 $271,380 $311,600 City Clerk 284,130 293,970 325,400 Office of the City Manager 1,230,840 1,804,210 2,147,070 Economic Development 502,580 727,950 1,734,150 Legal 1,202,050 1,495,090 1,376,240 Boards/Commissions 544,420 566,200 513,570 Cultural Arts&Events 470 2,619,180 3,918,250 Non-Departmental 12,002,120 29,255,990 26,782,060 Fiscal Services Finance 2,534,680 2,733,570 2,759,600 Human Resources 841,570 1,067,450 1,728,260 Information Technolo:y S stems 1,826,180 1,852,540 2,127,860 Purchasing 362,170 359,860 504,130 Community Development Neighborhood Services 3,555,800 3,861,840 4,056,500 Community Development 1,326,530 1,412,310 1,561,610 Public Safety Police 49,767,420 53,842,940 58,869,710 Fire 30,029,890 33,646,520 35,975,110 General Services Building Maintenance 3,236,820 3,475,490 3,750,900 Public Works 19,271,990 21,443,260 22,972,120 311 886,910 1,029,680 940,640 "Iriat City of Elgin,IL 2024 Budget Consolidated Summary by Fund/Fund Type Specie enue Funds(#'s) .,_ E911 Telephone System(220) AllIffir Wu IMF Revenue 1,858,500 1,525,000 1,675,000 Expenditures 509,340 1.,525000 1,675,000 IMPIMMEMNIENNEINEMEINk MIZEIMII - --- , American Rescue Funds(221) WIIIIIIr s. a�.�� .�,._- Revenue 5,664,760 13,366,160 3,276,310 Ex s enditures 5,533,650 13,366,160 3,276,310 Revenue Over(Under)Expend. 131,110 0 MOM Comm.Develop.Block Grant(230) 0111.111.1 Revenue 543,690 2,068,310 1,694,700 Expenditures 543,690 2,068,310 1,694,700 III r:.. 0 0 - Al Drug Asset Forfeiture(250) milli :wailliiiiiiii IN Revenue 653,010 240,000 255,000 Expenditures 653,010 240,000 255,000 Central Area Tax Allocation(262) Ate. iiiiiMI immuit ..id Revenue 4,908,470 5,817,000 8,900,000 Expenditures 1,708,530 13,451,250 13,608,720 U.S.Route 20 Tax Allocation(263)mi --Mt Revenue 118,970 1,000,000 140,000 Expenditures 0 1,000,000 1,100,000 Bluff City Tax Allocation(264) _, Revenue 996,600 1,100,000 1,000,000 Expenditures 721,820 1,100,000 1,000,000 Elgin Riverboat(275) VIP MEW Mr VIII Revenue 11,492,440 16,704,490 10,750,000 Expenditures 7,397,960 16,704,490 16,433,840 City of Elgin,IL 2024 Budget Consolidated Summary by Fund/Fund Type 2022 20 �■ Fund# Actual Bu*. Illinois Municipal Retirement(280) Revenue 9,066,380 9,273,820 10,135,280 Ex•enditures 8,844,090 9,273,820 10,135,280 Revenue Over(Under)Expend. - Motor Fuel Tax(290) 11111; alliMMEMMIlr Revenue 6,936,800 9,670,000 5,000,000 Expenditures 6,332,370 9,670,000 9,600,000 - 6=11 Cemetery Operating(294) 1111111 1116 k Aliammik I; Revenue 665,780 610,610 626,630 Expenditures 597,090 610,610 945,610 Elgin Recreation(296) 111111111iimWimmiimmlmummaassii A M11111116asiasik Revenue 11,430,350 8,729,680 9,631,320 Expenditures 9,356,690 8,729,680 10,016,520 li3"-VeihtUe O erti n IM I''•• 1f , n Special Recreation Fund.j297= IlkiAl Revenue 1,116,360 1,185,300 1,259,300 Expenditures 479,960 1,185,300 1,259,300 j nder)ExpAMMI IIIIIIPP' iuillrORUIIIIrl..PMIWIIPPnl. Debt Service Fund(#) Corporate Bond Fund(301) AEI 1111111111111FF iiiiiiiiiiriaa, ' Revenue 2,901,140 1,921,200 1,991,650 Expenditures 3,033,090 1,921,200 2,004,150 Capital Improvement Funds(#'s) • . iii 2019 G.O.Bond Projects(319) I Revenue 4,000 0 0 Expenditures 43,550 0 0 2020 G.O.Bond Projects(320) MEM Revenue 4,350 0 0 Expenditures 700 0 0 tsw City o h.,11: " ; �r rsv om." "• TY 1°i,` :yy A 2024jDget. I# 4.; i' *p s, r ,��)5 r 4.✓L ' 1FT ` "y Consolidated Summ1 tin_ y 1 + ' 7 ,�� * rv: �67w 71 -N 20 und# Act_ 2021 G.O.Bond Projects(321) 111 Revenue 110,220 0 0 Expenditures 0 0 0 RevenueQver(Under)Expend. it Aill0,220 2022 G.O.Bond Projects(322) adialliiiiiik Revenue 5,253,240 14,255,960 4,333,680 Expenditures 340,720 14,255,960 4,333,680 Revenue Over jUnder)Expend. 4,0 Park Development Fund(340) Revenue 500,390 630,000 708,000 Expenditures 77,010 630,000 708,000 Tyler Creek(378) l Revenue 4,760 125,000 25,950 Expenditures 109,020 125,000 300,000 japltaljmprovement(385).aohjElli Revenue 6,818,650 9,798,000 7,947,610 Expenditures 2,043,630 9,798,000 11,134,510 EMIIIIMINIMININ Enterprise Funds(#'s) Utility Operating(401) diiiiilialEliag Revenue 39,964,800 32,514,620 42,687,780 Expenditures 35,332,230 36,233,770 44,855,600 Water Development(420) aill_ Revenue 451,980 596,000 305,000 Expenditures 196,640 596,000 650,000 Sewer Development(440) Revenue 223,380 230,000 405,000 Expenditures 17,620 230,000 405,000 Golf Operating(540) d Revenue 4,674,390 4,210,500 4,573,000 Expenditures 4,459,110 4,149,810 4,666,690 illArr 111111 City of Elgin, IL 2024 Budget • Consolidated Summary by Fund/Fund Type • Internal Service Funds(it's) WI Equipment Replacement(601) ,- 7 Revenue 5,706,190 5,951,270 5,355,000 Expenditures 5,931,800 5,951,270 5,895,070 Risk Management(630) Revenue 4,484,240 5,789,220 3,289,500 Expenditures 5,377,080 5,789,220 6,402,230 Revenue Over(Under}Expend Health Insurance(635) +iiiillil Revenue 13,287,060 13,560,660 15,464,060 Expenditures 12,470,090 13,569,840 15,464,060 r- J- IIIIIIPIIIMPIMIIIIIII Trust and Agency Funds(#'s) OIIMV . Cemetery Perpetual Care(520) AWN, Revenue 44,840 33,590 47,060 Expenditures 24,920 33,590 47,060 Retiree Medical Insurance(636) Revenue 917,300 4,329,000 4,303,320 Expenditures 2,205,640 2,250,800 2,370,800 IIIMIKUIMINPII Police Pension(701) 1 Revenue (10,791,380) 23,814,690 25,682,150 Expenditures 13,165,060 13,292,760 14,383,760 Fire Pension(711) _ MOi< •AMAMI Revenue (11,483,070) 17,782,160 19,337,930 Ex•endit u re s 10,064,290 10,105,050 10,608,620 TOTAL GROSS EXPENDITURES ALL FUNDS $267,243,600 $359,616,320 $367,584,290