ALGONQUIN – The village has finalized its proposed $39.9 million budget for the upcoming fiscal year. The village board is scheduled to vote on the budget at its April 1 meeting.
Village officials expect its $19 million general fund budget, which pays for most services including police, streets, and parks and recreation will be balanced, according to village documents.
The total $39.9 million budget also includes infrastructure projects and water and sewer services.
"It is the overriding principle of the budget to deliver outstanding service to our citizens at a reasonable price without drawing down the village's working capital, assuming no additional tax burden on our residents," Village Manager Tim Schloneger wrote in a memo to village board members.
There are no new taxes as part of the village's budget plan, according to the budget memo.
The village expects revenues and expenditures to increase by about 3 percent.
"No significant reduction to services to our residents is anticipated in the 2014-15 fiscal year budget, and the village's cash position remains solid," Schloneger said.
Among the village's revenue sources, officials project to bring in $7.2 million in sales tax.
"Commercial and retail growth remains modest in Algonquin as in the entire Chicago region," Schloneger wrote. "Sales tax has been trending upward slowly and is estimated to increase from this year's estimated actual."
The village also kept its real estate tax levy flat for the upcoming budget and expects to bring in about $5.8 million in property tax revenue.
For those employees who are not part of unions, the village has budgeted a 2.5 percent pay increases. However, increases would be based on merit.
"The proposed raises can reflect job performance rather than automatic, across-the-board pay increases," Schloneger wrote.
The village is budgeting $214,000 for recreation programs.
"The most popular events and recreational sessions remain on the schedule for the year and some less popular events have been eliminated," Schloneger wrote. "As recommended in the recent recreation programming plan additional adult and child enrichment programming has been added to meet the recognized demand within the community."
"If all the programs are successful, revenues generated from the events will cover most, but not all, of these proposed expenditures," Schloneger added.
The village plans to spend $5,700 to cover the 50/50 parkway tree program. The money however won't satisfy the current waiting list because of the accelerated emerald ash borer infestation, according to village documents.
The program has been modified to only cover the situation where a property owner wants an additional parkway tree.
Village officials also are planning several capital purchases.
The police department plans to replace one community service vehicle with a pickup truck and replace multiple squad car laptops and printers that are obsolete.
The village plans to replace two vehicles in the streets department for $50,000 each.
"Only capital purchases that are absolutely necessary for a more efficient operation are included in this budget," Schloneger wrote.