CAPITAL FUND Capital Fund
Variance
Variance
Final 2022
Final 2023
Budget
Projections
Budget
2025 Budget vs.
2025 Budget vs.
Capital Fund Revenue Property Taxes
2024
2024
2025
2024 Proj
% 2024 Budget
%
$6,771,779 $7,238,664 $7,738,295 79% $7,793,240
74% $7,890,823 78%
$97,583 1.3% (208,200) -24.9% (343,000) -36.1% 79,590 9.5% (55,000) -52.4%
$152,528 2.0% 59,100 10.4% 256,000 73.1% (188,679) -17.1%
Investment Income Alternative Revenue
(34,868) 140,978 852,507 173,242
771,490 220,000
568,600 350,000
6% 4%
835,900 949,000
8% 9% 8% 1%
627,700 606,000 917,321 50,000
6% 6% 9% 0%
Miscellaneous
1,206,232
1,106,000 11% 837,731
Other Financing Sources
91,476
50,000
1%
105,000
-
0.0%
Total Revenue
7,903,638
9,527,862
9,812,895 100% 10,520,871
100% 10,091,844
100%
(429,027)
-4.1%
278,949 2.8%
Expenses Contractual Services
0.0%
(318) -100.0%
-
1,348
318
0%
-
0%
-
0%
-
Capital Projects
12,704,560 11,011,545
14,450,000 96% 13,568,900
96%
13,400,000 96%
(168,900)
-1.2% (1,050,000)
-7.3% -0.9%
Debt Service
561,150
556,900
562,350
4%
562,350
4%
557,200
4%
(5,150)
-0.9%
(5,150)
Total Expenditures
13,265,710 11,569,793
15,012,668 100% 14,131,250
100% 13,957,200
100%
(174,050)
-1.2% (1,055,468)
-7.0%
Surplus/(Deficit) Before Transfers
($5,362,072) ($2,041,931) ($5,199,773)
($3,610,379)
($3,865,356)
(254,977)
7.1%
1,334,417
-25.7%
Transfer from General
1,497,959
2,544,419
188,606
1,601,922 1,582,477
334,149
(1,267,773) -79.1% (359,766) -22.7%
145,543 77.2%
Transfer from Golf Transfer to Debt
845,830
933,067
1,262,413 (111,544)
1,222,711
(39,702) 111,544
-3.1%
(119,571)
(111,544)
-
-
-
0.0%
-1
Total Transfers
2,224,218
3,365,942
1,339,475
3,184,399
1,556,860
Surplus/(Deficit)
$ (3,137,854) $ 1,324,011 (3,860,298) $
$ (425,980)
$ (2,308,496)
Fund Balance
$16,673,617 $17,997,628 $14,137,330
$17,571,648
$15,263,152
2025 BUDGET 97
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