Clarendone Hills unveils new budget
The Village of Clarendone Hills budget for 2015 and 2016 is now available for public viewing.
The proposed budget includes revenues of $13,249,610 and expenditures of $13,873,182.
The village expects a total ending balance of $32,743,638 on April 30, 2016, of which $10,021,980 will be allocated to the police and fire pension funds. The amount represents a decrease of 1.9 percent from the estimated balance on April 30, 2015 of $33,367,210.
Transfers amount to $1,524,937.
General fund revenues are projected to increase by 2.7 percent in the coming fiscal year, while general fund expenses are anticipated to increase by 6.7 percent from the prior year's end.
The budget plan is a statement of where the village plans to prioritize its resources for the coming year, while balancing various legal and operational responsibilities, along with the current values and needs of the community.
All questions and answers related to the budget will be published March 18 on the village website.
Questions regarding the proposed budget can be submitted to Zach Creer, assistant to the village manager, at email@example.com.
Organizations in this Story
1 N Prospect Ave
Clarendon Hills, IL - 60514-1227