ALLOCATIONS The Allocations Budget is an administrative budget that captures fund-level revenue and expenses. Revenue includes property taxes, replacement taxes, interest income and miscellaneous reimbursements. Expenses include administrative costs that are shared by various departments and identified within each fund. ALLOCATIONS- GENERAL FINAL 2022 FINAL 2023 BUDGET 2024 PROJECTIONS 2024 BUDGET 2025 2025 VS. 2024 PROJ % 2025 VS. 2024 BUDGET % REVENUE Property Taxes $7,336,100 $7,839,759 $7,111,705 $7,173,400 $7,869,177 $695,777 10% $757,472 11% Replacement Taxes 730,080 589,481 444,100 419,554 344,000 (75,554) -18% -100,100 -23% Investment Income 16,872 264,484 166,300 227,000 170,000 (57,000) -25% 3,700 2% Alternative Revenue 128,001 303,930 0 0% 0 0% Miscellaneous 12,929 11,924 12,300 9,022 10,000 978 11% -2,300 -19% Total Revenue 8,223,982 9,009,578 7,734,405 7,828,976 8,393,177 564,201 7% 658,772 9% EXPENSES Wages & Benefits 10,443 (9,996) 40,000 40,000 40,000 0% 0 0% Supplies 6,472 2,576 3,400 3,100 3,400 300 10% 0 0% Contractual Services 12,690 14,883 13,962 16,212 19,404 3,192 20% 5,442 39% Utilities 125,504 90,757 104,274 91,500 101,600 10,100 11% (2,674) -3% Total Expenditures 155,109 98,220 161,636 110,812 164,404 53,592 48% 2,768 2%
Surplus/(Deficit) Before Transfers
8,068,873
8,911,358
7,572,769
7,718,164
8,228,773
510,609
7%
656,004
9%
Transfer to Recreation
(1,478,685)
(1,063,551)
(1,357,447)
(308,105)
(1,531,659)
(1,223,554) 397%
(174,212)
13%
Transfer to Capital Total Transfers Surplus/(Deficit)
(1,497,959)
(2,544,419)
(188,606) (1,546,053) $6,026,716
(1,601,922) (1,910,027) $5,808,137
(334,149)
1,267,773 -79%
(145,543) (319,755) $336,249
0%
(2,976,644) (3,607,970) $5,092,229 $5,303,388
(1,865,808) $6,362,965
44,219
-2% 10%
21%
$554,828
6%
2025 BUDGET 42
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