WAGES & BENEFITS Typical for a service-based organization, wages and benefits are the largest expense category comprising 41% or $21.2 million of the 2024 budget. This category not only includes employee wages but also costs associated with employee insurance, FICA, Worker’s Compensation, IMRF and training. Wages and benefits are estimated to increase $1.7 million or 9.0% compared to the 2023 budget and $1.8 million or 10.0% compared to 2023 year-end projections. While the District has made strides in addressing staffing needs, departments such as parks, custodial and trades continue to have significant hiring and staffing issues. Some of the recruiting and retention strategies below, which were implemented in 2023, will carry over and impact the 2024 budget: • Reorganizing departments to improve operating efficiencies • Reallocating unfilled part-time positions to full- time positions • Compression wage adjustments needed to attract applicants and retain staff • A 2.0% cost of living adjustment and 3.0% merit/ wage compression pool (effective 1/1/2024) • Minimum wage increase from $13 to $14 (effective 1/1/2024) The District has excellent health, dental and vision insurance plans with premiums increases for 2024. Looking back over the last 5 years, the District’s premiums have remained flat. The employee contribution rate for those eligible staff participating in the PPO plan at any level remains at 15% and 12% for the HMO plan.
SUPPLIES Supplies comprise 5% or $2.5 million of the 2024 budget. While the supplies category covers a broad range of items, some of the larger expenses include: program supplies, repair parts, fuel and park maintenance commodities such as fertilizer and plant protectants. Supply costs are greater than the 2023 budget and projections based on inflation; an increase in supplies is needed for park and facility maintenance as well as programs with increased participation levels. CONTRACTUAL SERVICES Contractual services comprise 16% or $8.1 million of the 2024 budget. The larger expenses in this category include contractual services for recreation programs, contracted mowing (turf maintenance services), property/liability insurance, concession purchases, building rental fees and special recreation services. Contractual services are also greater than the 2023 budget and projections based on inflation and increases in programming and facility use are expected in 2024. UTILITIES Utilities comprise 2% or $1.2 million of the 2024 budget. CAPITAL PROJECTS Capital spending represents 29% or $15.1 million of the 2024 budget. Capital spending will vary year to year based on the District’s 10-Year Capital Budget in addition to the inflationary pressures. The District continues to experience significant cost increases ranging from 10%-30% for capital projects and vehicles/equipment. Details regarding the District’s Capital Budget are presented later in this document. MISCELLANEOUS Miscellaneous expenses comprise less than 1% of the 2024 budget.
DEBT SERVICE Debt service accounts for 7% or $3.3 million of the 2024 budget. This expense represents principal and interest owed on outstanding debt. TRANSFERS Three transfers are budgeted for 2024: a transfer from the General to the Recreation Fund to break even; a transfer from the capital fund to pay debt service; and a transfer of surplus funds from the General and Golf Funds for capital improvements. 2024 resources have been allocated to all funds of the District as presented below.
CONSOLIDATED EXPENDITURES 35% Recreation
5% WDSRA 2% FICA 2% IMRF 2% Liability
29% Capital 12% General
8% Golf 5% Debt
2024 BUDGET 23
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