Capital Fund ■ CAPITAL FUND
Variance
Variance
Final 2023
Final 2024
Budget
Projections
Budget
2026 Budget vs.
2026 Budget vs.
Capital Fund Revenue Property Taxes
2025
2025
2026
2025 Proj
% 2025 Budget
%
$7,238,664 $7,808,935 $7,890,823 78% $8,168,404 74% $7,820,931 84% ($347,473) -4.3%
($69,892) -0.9%
Investment Income Alternative Revenue
771,490 220,000
895,500
627,700 606,000 917,321 50,000
6% 6% 9% 0%
766,200 885,308 890,887 281,820
7% 8% 8% 3%
591,400
6% 0% 9% 1%
(174,800) -22.8% (885,308) -100.0%
(36,300)
-5.8%
1,095,000
-
(606,000) -100.0%
Miscellaneous
1,206,232
985,138 117,124
845,000 75,000
(45,887)
-5.2%
(72,321)
-7.9% 50.0%
Other Financing Sources
91,476
(206,820) -73.4%
25,000
Total Revenue
9,527,862 10,901,697
10,091,844 100% 10,992,619
100% 9,332,331
100% (1,660,288) -15.1%
(759,513)
-7.5%
Expenses Contractual Services
1,348
318
-
0%
318
0%
318
0%
-
0.0% 6.2% 0.8%
318
0.0% 4.1% 0.8%
Capital Projects
11,011,545 13,472,590
13,400,000 96% 13,141,032
96%
13,950,000 96%
808,968
550,000
Debt Service
556,900
562,350
557,200
4%
557,200
4%
561,600
4%
4,400
4,400
Total Expenditures
11,569,793 14,035,258
13,957,200 100% 13,698,550
100% 14,511,918
100%
813,368
5.9%
554,718
4.0%
Surplus/(Deficit) Before Transfers
($2,041,931) ($3,133,561) ($3,865,356)
($2,705,931)
($5,179,587)
(2,473,656)
91.4% (1,314,231)
34.0%
Transfer from General
2,544,419
2,048,204 1,786,072
334,149
705,440
281,405
(424,035) -60.1% (231,779) -15.2%
(52,744) -15.8%
Transfer from Golf Transfer to Debt
933,067
1,222,711
1,527,647
1,295,868
73,157
6.0%
(111,544)
-
-
-
-
-
0.0%
-
0
Total Transfers
3,365,942
3,834,276
1,556,860
2,233,087
1,577,273
Surplus/(Deficit)
$ 1,324,011 $
700,715 (2,308,496) $
$ (472,844)
$ (3,602,314)
Fund Balance
$17,997,628 $18,698,343 $16,389,847
$18,225,499
$14,623,185
2026 BUDGET 99
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