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City of Park Ridge
2008-2009 Budget
BUDGET SUMMARY Budget Overview The following is a summary of revenues and expenses for the City and Library from 2006/07 through 2009/10. 06/07 Actual
07/08 Budget
07/08 Est Act.
08/09 Budget
09/10 Estimate
Revenues: Income MFT Property HR Sales Sales Uptown Property Tax Utility Water Other Sale of Property Bond Proceeds Total
3,258,110 1,096,056 13,737,400 1,240,532 3,511,095 698,102 4,092,309 5,812,940 11,280,185 6,129,089 50,855,817
3,350,000 1,100,000 14,431,000 1,400,000 4,000,000 3,017,700 5,000,000 6,491,800 11,304,200
3,800,000 1,138,900 14,902,500 1,650,000 3,970,000 2,812,700 4,750,000 6,929,300 12,052,300
3,800,000 1,173,100 15,647,600 1,692,000 4,100,000 4,534,900 4,900,000 6,954,100 11,521,900
50,094,700
3,600,000 1,100,000 14,431,000 1,450,000 3,800,000 1,788,600 4,400,000 6,491,800 9,804,700 227,000 47,093,100
52,005,700
54,323,600
Expenses: Personal Services Contractual Services Commodities Debt Service Capital Budget Total
23,815,003 11,854,998 1,991,827 4,190,400 4,422,102 46,274,330
25,770,000 12,255,800 1,921,100 4,914,600 5,237,700 50,099,200
25,212,000 12,638,300 2,080,700 4,914,600 4,921,800 49,767,400
27,088,100 12,761,600 2,276,000 5,038,700 5,335,700 52,500,100
28,212,500 13,161,400 2,084,200 3,436,400 7,042,400 53,936,900
Excess (Deficit) of Revenues over Expenses
4,581,487
(4,500)
(2,674,300)
(494,400)
386,700
2007/08 – Current estimates show that expenses will exceed revenues in the general operating fund by $1,119,700. $225,000 of this is for an expanded tree-trimming program approved by the City Council. The remainder is because revenues came in below budget. 2008/09 – The general operating fund is expected to break even. The parking fund has a $10,900 deficit; the City is using reserves to finance a one-time capital expenditure. The Uptown TIF has a $270,300 deficit; the City is incurring expenses until all the property is developed and fully assessed. The water fund has a $183,200 deficit; the City Council approved an increase in water rates to cover the increased cost in water supply but not labor or materials. The city of Chicago increased water rates 15% on January 1, 2008. The Library Board authorized the use of $30,000 to partially fund a one-time capital project. The remaining funds are projected to break even. 2009/10 – Expenses are projected to exceed revenues in the general operating fund by $990,200 in FY 2009/10. This projection will need to be more closely analyzed next year. The parking fund is projected to have a surplus of $107,800; this will help replenish reserves after completing the reconstruction of the Uptown parking lot in FY 2008/09. The Uptown TIF is projected to realize its first fiscal surplus in FY 2009/10 of $1,610,900; this will be used to repay the general operating fund for advances given in previous years. The water fund shows a deficit of $341,800; water rates will need to be re-analyzed.
1
City of Park Ridge
2008-2009 Budget
Current Year Budget The total budget for the City of Park Ridge for the year beginning May 1, 2008 and ending April 30, 2009 is $52,500,100. This is a 4.8% increase from the previous year’s budget. The budget consists of $42,125,700 of operating expenses, $5,038,700 of debt service and $5,335,700 of capital improvements. Operating expenses will increase 5.5%, debt service will increase 2.5%, and capital improvements will increase 1.9%. EXPENSES by Department
REVENUES by Source
Other 32%
Income Tax 7%
Comm.Comm.Admin. Sup. Devel. 8% 3% 1% Finance 3%
Property Tax 28%
Water Sales 13%
Utility Tax 9%
Public Works 41%
Library 10% Fire 14%
Sales Tax 11%
Police 20%
Revenues The following table summarizes the various revenue sources for the 2008/09 budget. Total
Debt
E-911
General
IMRF
Library
MFT
Mun
Service Inc
3,800,000
MFT
1,138,900
Prop
14,902,500
HR Sls
695,100
2,757,500 4,241,500
1,650,000 3,970,000
3,970,000
4,750,000
4,750,000
Uptwn Fund Bal Total
6,929,300
878,400
12,052,300 2,812,700 494,400 52,500,100
Water
100,000 1,638,700
4,190,500
3,199,000
1,650,000
Sales
Oth
Uptown
1,138,900 1,632,800
Utility Water
Parking
Waste
500,000
800,000
155,400
10,399,100
55,100
5,095,500 337,100
262,400
800
415,900
2,466,000 4,977,200
359,300 346,700
1,195,100
28,568,100
1,849,200
4,627,600
2
1,401,300
3,199,800
10,900
270,300
183,200
426,800
617,000
5,638,000
City of Park Ridge
2008-2009 Budget
Expenses The following tables summarize expenses by classification.
TOTAL CITY EXPENSES INCLUDING LIBRARY 06/07
07/08
Personal Services Contractual Services Commodities Operating Budget Total Debt Service Capital Budget
Actual 23,815,003 11,854,998 1,991,827 37,661,829 4,190,400 4,422,102
Budget 25,770,000 12,255,800 1,921,100 39,946,900 4,914,600 5,237,700
07/08 Estimated Actual 25,212,000 12,638,300 2,080,700 39,931,000 4,914,600 4,921,800
Expenditure Total
46,274,330
50,099,200
49,767,400
08/09
09/10
Budget 27,088,100 12,761,600 2,276,000 42,125,700 5,038,700 5,335,700
Percent Change 5.1% 4.1% 18.5% 5.5% 2.5% 1.9%
Estimate 28,212,500 13,161,400 2,084,200 43,458,100 3,436,400 7,042,400
Percent Change 4.2% 3.1% -8.4% 3.2% -31.8% 32.0%
52,500,100
4.8%
53,936,900
2.7%
TOTAL CITY EXPENSES WITHOUT LIBRARY 06/07
07/08
Personal Services Contractual Services Commodities Operating Budget Total Debt Service Capital Budget
Actual 20,515,817 11,451,603 1,248,578 33,215,998 4,190,400 4,099,518
Budget 22,272,000 11,789,000 1,171,000 35,232,000 4,914,600 4,911,900
07/08 Estimated Actual 21,715,100 12,169,900 1,328,600 35,213,600 4,914,600 4,596,000
Expenditure Total
41,505,916
45,058,500
44,724,200
08/09
09/10
Budget 23,515,100 12,295,100 1,522,800 37,333,000 5,038,700 5,006,900
Percent Change 5.6% 4.3% 30.0% 6.0% 2.5% 1.9%
Estimate 24,518,600 12,668,500 1,291,300 38,478,400 3,436,400 6,629,100
Percent Change 4.3% 3.0% -15.2% 3.1% -31.8% 32.4%
47,378,600
5.1%
48,543,900
2.5%
LIBRARY EXPENSES 06/07
07/08
Personal Services Contractual Services Commodities Operating Budget Total Debt Service Capital Budget
Actual 3,299,186 403,395 743,249 4,445,830 322,584
Budget 3,498,000 466,800 750,100 4,714,900 325,800
07/08 Estimated Actual 3,496,900 468,400 752,100 4,717,400 325,800
Expenditure Total
4,768,414
5,040,700
5,043,200
3
08/09 Budget 3,573,000 466,500 753,200 4,792,700 328,800 5,121,500
09/10 Percent Change 2.1% -0.1% 0.4% 1.7% 0.9%
Estimate 3,693,900 492,900 792,900 4,979,700 413,300
1.6%
5,393,000
Percent Change 3.4% 5.7% 5.3% 3.9% 25.7% 5.3%
City of Park Ridge
2008-2009 Budget
Property Taxes The property tax levy to finance this budget equals $14,902,500. This levy is a 3.3% or $471,500 increase over the prior year’s property tax levy. When a resident receives a property tax bill, only a small portion is given to the City. This illustration shows how the property tax bill is allocated among the various taxing entities. The majority of the property tax levy goes to the schools. A resident pays more property taxes to Cook County than to the City of Park Ridge.
10¢ Cook County
66¢ Schools
9¢ City 5¢ Water Reclam
This illustration shows how the City’s portion of the property tax levy is distributed.
11 ¢ IL Retire Fund
11 ¢ Debt Service
21¢ Garbage
28¢ Library 4
29¢ General
.1¢ Mosquito Abate 2¢ Township 4¢ 4¢ Library Park District
City of Park Ridge
2008-2009 Budget
Total Expenses per Capita Each year, the City compares total expenses per capita to similar communities. This year, the City ranked second out of nine communities as shown in the following graph. The City’s annual cost per capita is $1,246.37. This compares to the mean cost per capita of $1,477.86. (Note that the graph compares fiscal year 2007/08 budget information.)
Per Capita Expenditure Comparision $2,000 $1,900 $1,800 $1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600
os pe ct
dg e M t.
Pr
Ri Pa rk
ap er vi lle
s ow ne r D
N
G ro ve
ai ne s Pl De s
H on lin gt Ar
Sk ok ie
ei gh ts
s ile N
Sc ha um
bu rg
$500
Total Revenues Per Household The City scored fourth out of nine communities for total direct payments (vehicle license fees, garbage collection charges, utility taxes, property taxes, etc.) from a typical household to support municipal operations.
Arlington Heights Mt. Prospect Des Plaines Downers Grove Skokie Park Ridge Naperville Schaumburg Niles Average
1,241.36 1,204.44 1,156.57 1,040.36 937.63 827.42 773.39 716.05 691.25 954.27
Full Time Equivalents Per Population Please see the Full Time Equivalents section of the book for a comparison of number of employees per capita among various communities.
5
City of Park Ridge
2008-2009 Budget
THIS PAGE INTENTIONALLY LEFT BLANK
6
2008-2009 Budget
BUDGET SUMMARY Budget Overview The following is a summary of revenues and expenses for the City and Library from 2006/07 through 2009/10. 06/07 Actual
07/08 Budget
07/08 Est Act.
08/09 Budget
09/10 Estimate
Revenues: Income MFT Property HR Sales Sales Uptown Property Tax Utility Water Other Sale of Property Bond Proceeds Total
3,258,110 1,096,056 13,737,400 1,240,532 3,511,095 698,102 4,092,309 5,812,940 11,280,185 6,129,089 50,855,817
3,350,000 1,100,000 14,431,000 1,400,000 4,000,000 3,017,700 5,000,000 6,491,800 11,304,200
3,800,000 1,138,900 14,902,500 1,650,000 3,970,000 2,812,700 4,750,000 6,929,300 12,052,300
3,800,000 1,173,100 15,647,600 1,692,000 4,100,000 4,534,900 4,900,000 6,954,100 11,521,900
50,094,700
3,600,000 1,100,000 14,431,000 1,450,000 3,800,000 1,788,600 4,400,000 6,491,800 9,804,700 227,000 47,093,100
52,005,700
54,323,600
Expenses: Personal Services Contractual Services Commodities Debt Service Capital Budget Total
23,815,003 11,854,998 1,991,827 4,190,400 4,422,102 46,274,330
25,770,000 12,255,800 1,921,100 4,914,600 5,237,700 50,099,200
25,212,000 12,638,300 2,080,700 4,914,600 4,921,800 49,767,400
27,088,100 12,761,600 2,276,000 5,038,700 5,335,700 52,500,100
28,212,500 13,161,400 2,084,200 3,436,400 7,042,400 53,936,900
Excess (Deficit) of Revenues over Expenses
4,581,487
(4,500)
(2,674,300)
(494,400)
386,700
2007/08 – Current estimates show that expenses will exceed revenues in the general operating fund by $1,119,700. $225,000 of this is for an expanded tree-trimming program approved by the City Council. The remainder is because revenues came in below budget. 2008/09 – The general operating fund is expected to break even. The parking fund has a $10,900 deficit; the City is using reserves to finance a one-time capital expenditure. The Uptown TIF has a $270,300 deficit; the City is incurring expenses until all the property is developed and fully assessed. The water fund has a $183,200 deficit; the City Council approved an increase in water rates to cover the increased cost in water supply but not labor or materials. The city of Chicago increased water rates 15% on January 1, 2008. The Library Board authorized the use of $30,000 to partially fund a one-time capital project. The remaining funds are projected to break even. 2009/10 – Expenses are projected to exceed revenues in the general operating fund by $990,200 in FY 2009/10. This projection will need to be more closely analyzed next year. The parking fund is projected to have a surplus of $107,800; this will help replenish reserves after completing the reconstruction of the Uptown parking lot in FY 2008/09. The Uptown TIF is projected to realize its first fiscal surplus in FY 2009/10 of $1,610,900; this will be used to repay the general operating fund for advances given in previous years. The water fund shows a deficit of $341,800; water rates will need to be re-analyzed.
1
City of Park Ridge
2008-2009 Budget
Current Year Budget The total budget for the City of Park Ridge for the year beginning May 1, 2008 and ending April 30, 2009 is $52,500,100. This is a 4.8% increase from the previous year’s budget. The budget consists of $42,125,700 of operating expenses, $5,038,700 of debt service and $5,335,700 of capital improvements. Operating expenses will increase 5.5%, debt service will increase 2.5%, and capital improvements will increase 1.9%. EXPENSES by Department
REVENUES by Source
Other 32%
Income Tax 7%
Comm.Comm.Admin. Sup. Devel. 8% 3% 1% Finance 3%
Property Tax 28%
Water Sales 13%
Utility Tax 9%
Public Works 41%
Library 10% Fire 14%
Sales Tax 11%
Police 20%
Revenues The following table summarizes the various revenue sources for the 2008/09 budget. Total
Debt
E-911
General
IMRF
Library
MFT
Mun
Service Inc
3,800,000
MFT
1,138,900
Prop
14,902,500
HR Sls
695,100
2,757,500 4,241,500
1,650,000 3,970,000
3,970,000
4,750,000
4,750,000
Uptwn Fund Bal Total
6,929,300
878,400
12,052,300 2,812,700 494,400 52,500,100
Water
100,000 1,638,700
4,190,500
3,199,000
1,650,000
Sales
Oth
Uptown
1,138,900 1,632,800
Utility Water
Parking
Waste
500,000
800,000
155,400
10,399,100
55,100
5,095,500 337,100
262,400
800
415,900
2,466,000 4,977,200
359,300 346,700
1,195,100
28,568,100
1,849,200
4,627,600
2
1,401,300
3,199,800
10,900
270,300
183,200
426,800
617,000
5,638,000
City of Park Ridge
2008-2009 Budget
Expenses The following tables summarize expenses by classification.
TOTAL CITY EXPENSES INCLUDING LIBRARY 06/07
07/08
Personal Services Contractual Services Commodities Operating Budget Total Debt Service Capital Budget
Actual 23,815,003 11,854,998 1,991,827 37,661,829 4,190,400 4,422,102
Budget 25,770,000 12,255,800 1,921,100 39,946,900 4,914,600 5,237,700
07/08 Estimated Actual 25,212,000 12,638,300 2,080,700 39,931,000 4,914,600 4,921,800
Expenditure Total
46,274,330
50,099,200
49,767,400
08/09
09/10
Budget 27,088,100 12,761,600 2,276,000 42,125,700 5,038,700 5,335,700
Percent Change 5.1% 4.1% 18.5% 5.5% 2.5% 1.9%
Estimate 28,212,500 13,161,400 2,084,200 43,458,100 3,436,400 7,042,400
Percent Change 4.2% 3.1% -8.4% 3.2% -31.8% 32.0%
52,500,100
4.8%
53,936,900
2.7%
TOTAL CITY EXPENSES WITHOUT LIBRARY 06/07
07/08
Personal Services Contractual Services Commodities Operating Budget Total Debt Service Capital Budget
Actual 20,515,817 11,451,603 1,248,578 33,215,998 4,190,400 4,099,518
Budget 22,272,000 11,789,000 1,171,000 35,232,000 4,914,600 4,911,900
07/08 Estimated Actual 21,715,100 12,169,900 1,328,600 35,213,600 4,914,600 4,596,000
Expenditure Total
41,505,916
45,058,500
44,724,200
08/09
09/10
Budget 23,515,100 12,295,100 1,522,800 37,333,000 5,038,700 5,006,900
Percent Change 5.6% 4.3% 30.0% 6.0% 2.5% 1.9%
Estimate 24,518,600 12,668,500 1,291,300 38,478,400 3,436,400 6,629,100
Percent Change 4.3% 3.0% -15.2% 3.1% -31.8% 32.4%
47,378,600
5.1%
48,543,900
2.5%
LIBRARY EXPENSES 06/07
07/08
Personal Services Contractual Services Commodities Operating Budget Total Debt Service Capital Budget
Actual 3,299,186 403,395 743,249 4,445,830 322,584
Budget 3,498,000 466,800 750,100 4,714,900 325,800
07/08 Estimated Actual 3,496,900 468,400 752,100 4,717,400 325,800
Expenditure Total
4,768,414
5,040,700
5,043,200
3
08/09 Budget 3,573,000 466,500 753,200 4,792,700 328,800 5,121,500
09/10 Percent Change 2.1% -0.1% 0.4% 1.7% 0.9%
Estimate 3,693,900 492,900 792,900 4,979,700 413,300
1.6%
5,393,000
Percent Change 3.4% 5.7% 5.3% 3.9% 25.7% 5.3%
City of Park Ridge
2008-2009 Budget
Property Taxes The property tax levy to finance this budget equals $14,902,500. This levy is a 3.3% or $471,500 increase over the prior year’s property tax levy. When a resident receives a property tax bill, only a small portion is given to the City. This illustration shows how the property tax bill is allocated among the various taxing entities. The majority of the property tax levy goes to the schools. A resident pays more property taxes to Cook County than to the City of Park Ridge.
10¢ Cook County
66¢ Schools
9¢ City 5¢ Water Reclam
This illustration shows how the City’s portion of the property tax levy is distributed.
11 ¢ IL Retire Fund
11 ¢ Debt Service
21¢ Garbage
28¢ Library 4
29¢ General
.1¢ Mosquito Abate 2¢ Township 4¢ 4¢ Library Park District
City of Park Ridge
2008-2009 Budget
Total Expenses per Capita Each year, the City compares total expenses per capita to similar communities. This year, the City ranked second out of nine communities as shown in the following graph. The City’s annual cost per capita is $1,246.37. This compares to the mean cost per capita of $1,477.86. (Note that the graph compares fiscal year 2007/08 budget information.)
Per Capita Expenditure Comparision $2,000 $1,900 $1,800 $1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600
os pe ct
dg e M t.
Pr
Ri Pa rk
ap er vi lle
s ow ne r D
N
G ro ve
ai ne s Pl De s
H on lin gt Ar
Sk ok ie
ei gh ts
s ile N
Sc ha um
bu rg
$500
Total Revenues Per Household The City scored fourth out of nine communities for total direct payments (vehicle license fees, garbage collection charges, utility taxes, property taxes, etc.) from a typical household to support municipal operations.
Arlington Heights Mt. Prospect Des Plaines Downers Grove Skokie Park Ridge Naperville Schaumburg Niles Average
1,241.36 1,204.44 1,156.57 1,040.36 937.63 827.42 773.39 716.05 691.25 954.27
Full Time Equivalents Per Population Please see the Full Time Equivalents section of the book for a comparison of number of employees per capita among various communities.
5
City of Park Ridge
2008-2009 Budget
THIS PAGE INTENTIONALLY LEFT BLANK
6
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