Budget on Elburn agenda Monday
Elburn trustees Monday night will discuss adopting a proposed $6.15 million budget for the next fiscal year, which begins May 1.
The budget, which includes all operating, capital, enterprise and fiduciary funds, includes spending $500,000 for engineering in preparation to expand the sewage treatment plant.
It also calls for using reserves on road repairs, parks maintenance and some capital purchases. And it contains the $400,000 Elburn is expected to pay toward the construction of the Anderson Road extension and bridge.
The proposed 2014-15 budget projects the general operating funds taking in about 2.3 percent more in property taxes than the village has this fiscal year. Overall, revenues for those funds are expected to be about 3 percent lower.
Trustees will review the budget at the board meeting at 6:45 p.m. Monday at the village hall, 301 E. North St. A public hearing will be conducted April 21. The proposed budget can be viewed at the village hall.
The commuter parking, water and sewer operations, water and sewer capital and wastewater treatment plant expansion funds are enterprise funds, with revenues coming from users of those services. The police pension fund is a fiduciary fund, supported by employee contributions and transfers from the police fund.
Village officials have also proposed that the village's cut of video gambling revenue, expected to total $11,400 for the year, be devoted to the recreation fund.
The commuter parking fund is expected to run at a $10,199 deficit, taking in $90,300 and spending $100,499.