2009 Annual Operating and Capital Budget - Village of Huntley

Village of Huntley
MOTOR FUEL TAX FUND (Fund 42)
The Motor Fuel Tax (MFT) Fund receives monies from the State of Illinois, which
generates revenues through a tax on fuel sales and is distributed to municipalities on a
per capita basis. The Village's use of this money is restricted by the State for the
purpose of maintaining Village streets. The state audits the MFT fund annually. This
fund will greatly benefit from the 2008 Special Census due to the anticipated significant
increase in the Village's population thus increasing the per capita amount for the Village
of Huntley.
ROAD & BRIDGE FUND (Fund 43)
The Road & Bridge Fund is primarily used to supplement the Motor Fuel Tax Fund with
one major street project each year. Revenues include property tax and Interest Income
Earned.
CEMETERY FUND (Fund 45)
The Cemetery Fund is one of the four funds in the Special Revenue Fund and is
considered in the Annual Tax Levy each year. The Village of Huntley currently has a
three (3) member Cemetery Board to handle the plot sales and oversee the
maintenance of the cemetery and maintain the plot books. Sources of revenues include
Property Taxes, Interest Income and plot sales.
PUBLIC LIABILITY FUND (Fund 46)
The Public Liability Fund is one of the four funds in the Special Revenue Fund and is
considered in the Annual Tax Levy each year. Revenues include Property Taxes and
Interest Income earned. The Village of Huntley liability insurance is monitored through
this fund including deductibles on accident claims and the annual premium to McMRMA
(McHenry County Municipal Risk Management Association) for the Village-wide liability
insurance. No employee health or life insurance is funded through this fund.
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