Debt Service ■ DEBT SERVICE
Variance
Variance
Final 2023
Final 2024
Budget
Projections
Budget
2026 Budget vs.
2026 Budget vs.
2025
2025
2026
2025 Proj
% 2025 Budget
%
Revenue Property Taxes
$2,658,572
$2,666,317
$3,055,315
98% $3,052,861
97% $3,123,010
98%
$70,149 (24,500)
2.3%
$67,695
2.2% -7.6% 0.0%
Investment Income
77,851
83,252 40,567
60,700
2% 0%
80,600
3% 0%
56,100
2% 0%
-30.4%
(4,600)
Other Financing Sources
-
-
-
-
0.0%
-
Total Revenue
2,736,423
2,790,136
3,116,015 100% 3,133,461
100% 3,179,110
100%
45,649
1.5%
63,095
2.0%
Expenses Contractual Services
1,272
981
954
0%
954
0%
954
0%
-
0.0% 1.0%
-
0.0% 1.0%
Debt Service
2,769,587
2,810,039
3,052,269 100% 3,052,269
100% 3,082,286
100%
30,017
30,017
Total Expenditures
2,770,859
2,811,020
3,053,223 100% 3,053,223
100% 3,083,240
100%
30,017
1.0%
30,017
1.0%
Surplus/(Deficit) Before Transfers
($34,436)
($20,884)
$62,792
$80,238
$95,870
$15,632 19.5%
$33,078 52.7%
Transfer from Capital
111,544
-
-
-
-
-
0.0%
-
0.0%
Surplus/(Deficit)
$40,751
($20,884)
$30,985
$80,238
$95,870
$15,632 19.5%
$33,078 106.8%
Fund Balance
$2,506,498
$2,485,614
$2,516,599
$2,565,852
$2,661,722
2026 BUDGET 101
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