2009 Annual Operating and Capital Budget - Village of Huntley

Village of Huntley
SUMMARY OF FUNDS
GENERAL FUND (Fund 01)
The General Fund is the largest and most active of all Funds. It is used to account for all
revenues and expenditures for the Village which are not accounted for in any other
fund. This is the operating fund for the Legislative/Executive, Administration, Finance,
Police, Streets, Engineering and Development Services Departments.
CAPITAL PROJECTS FUND (Fund 02)
The General Fund Capital Development Fund is tracked separately from the General
Fund, however for auditing purposes is combined with the General Fund balances. This
Fund was created several years ago to assist in the monitoring of such fees as
Annexation and Capital Development fees. No operational or salary costs are expensed
from this fund.
DRUG ENFORCEMENT FUND (Fund 03)
State law requires that the monitoring of drug fine and fee revenues be kept separately
from the General Fund. Revenues must then be used to fund drug awareness programs
such as the DARE program.
STREET IMPROVEMENT FUND (Fund 04)
Pursuant to Board direction, the newly established fund was created in the 2006 Budget
for the purpose of accumulating funds for future transportation issues in and around the
Village. The fund has been renamed in the 2009 budget to more accurately describe the
use of funds. Funds transferred into this fund are from one-time revenue sources as
authorized by the Village Board.
MUNICIPAL BUILDINGS FUND (Fund 05)
The Municipal Complex Fund was established to begin the preparation and planning for
construction of a new Municipal Building. The building was completed in 2006 and the
fund remains for the purpose of accumulating funds for total build out costs, future
Public Works facilities and other building expenses.
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