2024 CAPITAL FUND The District’s Capital Fund accounts for Districtwide capital improvements and debt service payments for the 2014 Debt Certificates.
2024 BUDGET VS. 2023 PROJ
2024 BUDGET VS. 2023 BUDGET
CAPITAL FUND
FINAL 2021 FINAL 2022
BUDGET 2023
PROJECTIONS 2023 BUDGET 2024
%
%
REVENUE Property Taxes
$6,660,709 $6,771,779 $7,082,060 81% $7,235,800 79% $7,738,295 79% $502,495 6.9% $656,235 9.3%
Investment Income Alternative Revenue
1,148 (34,868) 31,235 140,978 384,447 852,507 52,639 173,242 7,130,178 7,903,638
395,600 5% 574,000 6% 568,600 6% (5,400) 450,000 5% 397,000 4% 350,000 4% (47,000)
-0.9% 173,000 43.7%
-11.8% (100,000)
0.0%
Miscellaneous
745,091
9% 939,014 10% 1,106,000 11% 166,986 17.8% 360,909 48.4%
Other Financing Sources
20,000 0% 70,000 1% 50,000 1% (20,000) 8,692,751 100% 9,215,814 100% 9,812,895 100% 597,081
-28.6% 30,000 150.0% 6.5% 1,120,144 12.9%
Total Revenue EXPENSES Capital Projects
7,054,661 12,704,560 12,800,000 96% 12,200,000 96% 14,450,000 96% 2,250,000 18.4% 1,650,000 12.9%
Debt Service
860,144
561,150
557,218 4% 557,668 4% 562,668 4% 5,000 0.9% 5,450 1.0%
Total Expenditures
7,914,805 13,265,710 13,357,218 100% 12,757,668 100% 15,012,668 100% 2,255,000 17.7% 1,655,450 12.4%
Surplus/(Deficit) Before Transfers
(784,627) (5,362,072)
(4,664,467)
(3,541,854)
(5,199,773)
(1,657,919)
46.8% (535,306)
11.5%
Total Transfers Surplus/(Deficit) Fund Balance
3,309,152 2,224,218 2,524,525 (3,137,854)
922,275
2,680,159 (861,695) $15,811,922
1,339,475
(1,340,684)
-50.0% 417,200 45.2%
(3,742,192)
(3,860,298) $11,951,624
$1,340,684 -155.6% ($417,200)
11.1%
$19,811,471 $16,673,617 $12,931,425
2024 BUDGET 81
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