2009 Annual Operating and Capital Budget - Village of Huntley

All indications are that the downturn in the housing market will continue through at least the
end of 2009. With this in mind, the Village is projecting a $300,000 or 37.5% decrease in 2009
building permit income.
In addition, the lowering of interest rates over the last several months has lowered
investment income projections from 2008 to 2009 by $200,000 or 40%.
Due to the economic turmoil and uncertainty facing the Village, several major adjustments
were made to the General Operating Fund expenditures from 2008 to 2009 to reduce
operational costs. A summary of the cost cutting proposals are below:
1) Personnel services costs were reduced approximately $200,000 by deferring the hiring
of vacant positions until later in the year and other adjustments.
2) Legal fees were reduced by $120,000 due to no longer needing the services of special
legal counsel in the ComEd Northwest Reliability case.
3) Contract janitorial services for the Municipal Complex were eliminated with an
estimated savings of approximately $50,000.
4) Contract landscaping and snow removal services for the Municipal Complex were
eliminated with an estimated savings of approximately $15,000.
5) With the restructuring of Economic Development duties in-house, the Economic
Development budget was reduced by $15,000.
6) The use of outside consultants in the Development Services and Engineering
Departments was reduced with an estimated savings of $120,000.
These proposed adjustments total approximately $520,000.
Village of Huntley FY2009 Budget Transmittal Letter 13