2024 GENERAL FUND The General Fund includes six administrative support functions in addition to Park Police, Trades and Fleet operations. Funding of the General Fund is primarily supported through property tax revenue, which is discussed in detail below. OPERATING BUDGET The following financial statement illustrates the General Fund operating budget including the prior year’s results.
VARIANCE 2024 BUDGET VS. 2023 BUDGET
VARIANCE 2024 BUDGET VS. 2023 PROJ
GENERAL FUND - OPERATING FINAL 2021 FINAL 2022 BUDGET 2023 PROJECTIONS 2023 BUDGET 2024
%
%
REVENUE Property Taxes
$7,216,044
$7,336,100 $7,817,940
$7,838,800
$7,111,705 ($727,095) 444,100 (69,400)
-9.3% ($706,235)
-9.0%
Replacement Taxes Investment Income
306,912
730,080
630,300 90,000
513,500 178,288
-13.5% (186,200) -29.5% -6.7% 76,300 84.8%
-5,472 11,297
16,872 12,263
166,300
(11,988)
Rental Income
9,500 1,000
9,000
9,000
0 0.0%
(500)
-5.3%
Alternative Revenue
128,604 271,079
313,930 207,751
8,000 (305,930)
-97.5% 7,000 700.0%
Miscellaneous
186,137
198,014
190,411
(17,340)
-8.3% (7,603)
-3.8%
Other Financing Sources
1,141
2,125
Total Revenue
7,716,059
8,494,998
8,746,754
9,063,394
7,929,516 (1,131,753)
-12.5% (817,238)
-10.3%
EXPENSES Wages & Benefits
3,347,315 499,874 743,855 138,563
3,922,011 607,747 842,276 128,902
4,253,319 613,467 963,882
4,042,953
4,501,379 458,426 11.3% 248,060 5.8%
Supplies
620,147 930,920 92,950
650,625 1,087,235
30,478 4.9% 37,158 6.1% 156,315 16.8% 123,353 12.8% 11,324 12.2% 9,257 9.7% 8,400 541.9% 8,000 410.3% 13,200 78.6% 11,500 62.2% 678,143 11.9% 437,328 6.9%
Contractual Services
Utilities
95,017
104,274
Capital Projects Miscellaneous
611
1,950
1,550
9,950
17,526
16,806
18,500
16,800
30,000
Total Expenditures
4,747,133
5,518,353
5,946,135
5,705,320
6,383,463
Surplus/(Deficit) Before Transfers
$2,968,926 $2,976,645 $2,800,619
$3,358,074 $1,546,053 (1,809,896)
-53.9% (1,254,566)
-81.1%
Tranfer to Recreation Transfer to Capital
(1,045,344) (1,923,582) ($2,968,926)
(1,478,685) (1,497,960) ($2,976,645)
(2,499,257)
(1,428,895) (1,929,179) ($3,358,074)
(1,357,447) (188,606) ($1,546,053)
71,448 -5.0% 1,141,810 -45.7% 1,740,573 -90.2% 112,756 0.0% 1,812,021 -54.0% 1,254,566 -81.1%
(301,362)
Total Transfers Surplus/(Deficit) Fund Balance
($2,800,619)
$0
$0
$0
$0
$0
$4,257,809 $4,257,809 $4,257,809
$4,257,809 $4,257,809
The 2024 budget is balanced with operating revenues supporting the annual operating expenses.
2024 BUDGET 28
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