Appendix H
3-Year Financial Plan
OTHER DISTRICT FUNDS • FICA • IMRF • Audit • Liability • Special Recreation
• Cash-In-Lieu • Debt Service
NAPERVILLE PARK DISTRICT FICA FUND FORECAST 2019 ACTUAL 2020 ACTUAL 2021 ACTUAL 2022 BUDGET 2023 FORECAST 2024 FORECAST
Beginning Fund Balance
$515,195
$539,094
$724,917
$509,795
$521,095
$541,395 1,125,000
Taxes
848,087
919,382
618,049
980,000
1,080,000
Investment Income
14,186 6,807
7,736 1,518
(94)
1,800
1,000
1,000
Miscellaneous Revenue Total Revenues Wages and Benefits Total Expenditures Surplus (Deficit) Ending Fund Balance Fund Balance Target
2,550
-
869,080 845,181 845,181 23,899 $539,094
928,636 742,813 742,813
620,505 835,627 835,627 (215,122) $509,795
981,800
1,081,000
1,126,000 1,108,800 1,108,800
970,500 970,500
1,060,700 1,060,700
185,823
11,300
20,300
17,200
$724,917 $371,407
$521,095
$541,395
$558,595 $554,400
$422,591
$417,814
$485,250
$530,350
FICA This fund is established to account for revenues that are from a specific property tax levy and expenditures for the employer’s portion of social security tax currently at 7.65%, with a 6-month average operating reserve target.
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Naperville Park District | 2023 MASTER PLAN
3-YEAR FINANCIAL PLAN 2022-2024 13
NAPERVILLEPARKS.ORG
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