Title
FY2017 Budget - Final Proposed Revenue and Expenditure Budget
History
The original proposed FY2017 Budget was presented to the Village Board through a series of workshops over the last few months. The original proposed budget presented to the Board reflected $134,146,748 in revenues and $147,786,412 in expenditures. During the workshops, a number of changes were made to both revenues and expenditures, as reflected on page one of the attached Final Proposed FY2017 Budget document. The final proposed FY2017 Budget reflects revenues in the amount of $139,517,447 and expenditures in the amount of $147,410,925. The variance between revenues and expenditures is funded by prior year operating surplus, net of Board approved operating and capital reserves.
Financial Impact
The FY2017 Budget will be formally approved by the Board on December 5, 2016.
Recommended Action/Motion
For discussion only.