CAPITAL FUND Capital Fund
Variance
Variance
Final 2021
Final 2022
Budget
Projections
Budget
2024 Budget vs.
2024 Budget vs.
Capital Fund Revenue Property Taxes
2023
2023
2024
2023 Proj
% 2023 Budget
%
$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
1,148
(34,868)
395,600
5% 0% 5% 9% 0%
574,000
6% 0% 4%
568,600
6% 0% 4%
(5,400)
-0.9% 0.0%
173,000
43.7%
Rental Income
-
-
-
-
-
-
-
0.0%
Alternative Revenue
31,235 384,447 52,639
140,978 852,507 173,242
450,000 745,091 20,000
397,000 939,014 70,000
350,000
(47,000) -11.8%
(100,000) -22.2%
Miscellaneous
10%
1,106,000 11%
166,986
17.8%
360,909 30,000
48.4% 150.0%
Other Financing Sources
1%
50,000
1%
(20,000) -28.6%
Total Revenue
6.5%
1,120,144
12.9%
7,130,178
7,903,638
8,692,751 100% 9,215,814
100% 9,812,895
100%
597,081
Expenses Contractual Services
-
-
-
0%
-
0%
318
0%
318
0.0%
318
0.0%
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%
562,350
4%
4,682
0.8%
5,132
0.9%
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%
Transfer from General
1,923,582 1,931,669
1,497,959
301,361 732,458
1,929,178
188,606
(1,740,572) -90.2%
(112,755) -37.4%
Transfer from Golf
845,830
862,525
1,262,413
399,888
46.4%
529,955
72.4%
Transfer from Cash-in-Lieu Transfer to Recreation
- -
- -
- -
- -
- -
- -
0.0% 0.0% 0.0%
- -
0.0% 0.0%
Transfer to Debt
(546,100)
(119,571)
(111,544)
(111,544)
(111,544)
0
0
0
Total Transfers
3,309,151
2,224,218
922,275
2,680,159
1,339,475
Surplus/(Deficit)
$ 2,524,524 $ (3,137,854) $ (3,742,192)
$ (861,695)
$ (3,860,298)
Fund Balance
$19,811,471 $16,673,617 $12,931,425
$15,811,922
$11,951,624
2024 BUDGET 95
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