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northbrooktower.com news<br />

the northbrook tower | April 4, 2019 | 9<br />

Northbrook Park District Board of Commissioners<br />

2019 budget and appropriations ordinance set at $29M<br />

Todd Marver<br />

Freelance Reporter<br />

With the current fiscal<br />

year now roughly a quarter<br />

of the way done, the<br />

Northbrook Park Board<br />

approved its budget and<br />

appropriation ordinance<br />

for fiscal year 2019 at its<br />

Wednesday, March 27<br />

meeting. The total amount<br />

budgeted and appropriated<br />

is $29.411 million.<br />

“The budget and appropriations<br />

ordinance creates<br />

a ceiling on the park<br />

district’s expenditures during<br />

the fiscal period and<br />

therefore is structured to<br />

include appropriations<br />

with every dollar that can<br />

reasonably be anticipated<br />

to be received and spent,”<br />

Board President Penny<br />

Randel said.<br />

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The summary of funds<br />

budgeted and appropriated<br />

is as follows: Corporate<br />

fund: $4.81 million,<br />

recreation fund: $9.783<br />

million, special recreation<br />

fund: $836,000,<br />

paving and lighting fund:<br />

$45,000, social security<br />

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Municipal Retirement<br />

Fund: $385,000, liability<br />

insurance fund: $309,750,<br />

audit fund: $23,600, bonds<br />

and interest fund: $2.173<br />

million and repair and improvements<br />

fund: $10.495<br />

million. The breakdown is<br />

as follows:<br />

• The $45,000 in the<br />

paving and lighting fund<br />

consists of capital expenditures<br />

for parking lot repairs<br />

at various parks.<br />

• The $550,000 in the<br />

social security fund consists<br />

of contributions under<br />

the Federal Insurance<br />

Contributions Act.<br />

• The $385,000 in the<br />

Illinois Municipal Retirement<br />

Fund is for participation<br />

in the fund.<br />

• The $309,750 in the liability<br />

insurance fund consists<br />

of park district risk<br />

management premiums.<br />

• The $23,600 in the audit<br />

fund is for the audit of<br />

park district accounts.<br />

• Alloted funds in special<br />

recreation consists<br />

of the contribution to the<br />

North Suburban Special<br />

Recreation Association<br />

($451,000) and Americans<br />

with Disabilities<br />

Act capital expenditures<br />

($385,000).<br />

• The bond and interest<br />

fund consists of principal<br />

general obligation bonds<br />

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($1.9 million) and interest<br />

general obligation bonds<br />

($272,773).<br />

• The repair and improvement<br />

fund consists<br />

of contractual services<br />

(1.578 million), technology<br />

hardware and software<br />

($125,000), building<br />

($6.7 million), building<br />

improvements ($677,700),<br />

vehicle and equipment<br />

purchases ($80,750), land<br />

and land improvements<br />

($1.335 million).<br />

• The corporate<br />

fund consists of wages<br />

($2.631 million), benefits<br />

($571,584), contractual<br />

services ($1.109 million),<br />

repairs ($83,000), materials<br />

and supplies ($365,665)<br />

and miscellaneous<br />

($50,775). The recreation<br />

fund consists of wages<br />

($5.161 million), benefits<br />

($808,554), contractual<br />

services ($2.287 million),<br />

repairs ($120,125), materials<br />

and supplies ($1.308<br />

million) and miscellaneous<br />

($99,050). The total<br />

revenue estimated to be<br />

received by the park district<br />

is fiscal year 2019 is<br />

$32.305 million.<br />

The estimate of revenues<br />

by source anticipated<br />

to be received by<br />

the park district is as follows:<br />

general real estate<br />

tax revenues ($11.713 million),<br />

personal property<br />

replacement tax revenue<br />

($187,000), interest earnings<br />

revenue ($300,000),<br />

bond proceeds ($10 million),<br />

program user fees<br />

revenue ($5.391 million),<br />

daily fees revenue ($2.455<br />

million), membership revenue<br />

($305,140), rental<br />

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or reserve your spot call 847.243.6978<br />

fees revenue ($1.265 million),<br />

retail sales revenue<br />

($309,415) and grants, donations<br />

and miscellaneous<br />

revenue ($379,378). The<br />

amount of cash on hand<br />

and short-term investments<br />

at the beginning of<br />

the fiscal year is $20.669<br />

million and the estimated<br />

cash and short-term investments<br />

expected to be on<br />

hand at the end of the fiscal<br />

year is $23.563 million.<br />

The other items the<br />

board approved include<br />

the approval of a wireless<br />

mic replacement bid of<br />

$50,903.35 from Kinasthetics,<br />

Inc. of Arlington<br />

Heights, the approval of<br />

the Wood Oaks Green Park<br />

culvert replacement.<br />

Full story at Northbrook-<br />

Tower.com<br />

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