DEBT SERVICE Debt Service
Variance
Variance
Final 2022
Final 2023
Budget
Projections
Budget
2025 Budget vs.
2025 Budget vs.
2024
2024
2025
2024 Proj
% 2024 Budget
%
Revenue Property Taxes
$2,668,567
$2,658,572
$2,643,132
98% $2,670,475
97% $3,055,315
98%
$384,840 14.4%
$412,183 15.6%
Investment Income
(2,333)
77,851
54,900
2% 0% 0%
85,000
3% 0% 0%
60,700
2% 0% 0%
(24,300)
-28.6%
5,800
10.6%
Miscellaneous
- -
- -
-
-
-
- -
0.0% 0.0%
- -
0.0% 0.0%
Other Financing Sources
Total Revenue
2,666,234
2,736,423
2,698,032 100% 2,755,475
100% 3,116,015
100%
360,540
13.1%
417,983
15.5%
Expenses Contractual Services
1,272
1,272
1,272
0%
954
0%
954
0%
-
0.0%
(318)
-25.0%
Debt Service
2,743,782
2,769,587
2,777,319 100% 2,740,192
100% 3,052,269
100%
312,077
11.4%
274,950
9.9%
Total Expenditures
2,770,859
2,778,591 100% 2,741,146
100% 3,053,223
100%
312,077
11.4%
274,632
9.9%
2,745,054
Surplus/(Deficit) Before Transfers
($78,820)
($34,436)
($80,559)
$14,329
$62,792
$48,463 338.2%
$143,351 -177.9%
Transfer from Capital
119,571
111,544
111,544
-
-
-
0.0%
(111,544) -100.0%
Surplus/(Deficit)
$40,751
$77,108
$30,985
$14,329
$62,792
$48,463 338.2%
$31,807 102.7%
Fund Balance
$2,429,390
$2,506,498
$2,537,483
$2,520,827
$2,583,619
2025 BUDGET 100
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