2025BudgetBook

„ IMRF IMRF

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

$663,109

$600,264

$810,000

99% $765,597

98% $830,000

98%

$64,403

8.4%

$20,000

2.5%

Investment Income

(451)

16,130

11,100

1% 0%

18,900

2% 0%

14,400

2% 0%

(4,500) -23.8%

3,300

29.7%

Miscellaneous

1,712

2,149

-

-

-

-

0.0%

-

0.0%

Total Revenue

664,370

618,543

821,100

100% 784,497

100% 844,400

100%

59,903

7.6%

23,300

2.8%

Expenses Wages & Benefits

689,186

647,858

724,000

100% 699,776

100% 815,123

100%

115,347

16.5%

91,123

12.6%

Total Expenditures

689,186

647,858

724,000

100% 699,776

100% 815,123

100%

115,347

16.5%

91,123

12.6%

Surplus/(Deficit)

($24,816)

($29,315)

$97,100

$84,721

$29,277

($55,444) -65.4%

($67,823) -69.8%

Fund Balance

$401,724

$431,001

$346,318

$317,003

$414,103

2025 BUDGET 99

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