2019-11-18 - Village Board Special Meeting - Agenda PacketFifty Raupp Blvd
Buffalo Grove, IL 60089-2100
Phone: 847-459-2500
2. Special Business
A. FY 2020 Budget Hearing and Presentation (Trustee Weidenfeld) (Staff Contact: Andrew
Brown)
I Questions From the Audience
Questions from the audience are limited to items that are not on the regular agenda. In
accordance with Section 2.02.070 of the Municipal Code, discussion on questions from the
audience will be limited to 10 minutes and should be limited to concerns or comments regarding
issues that are relevant to Village business. All members of the public addressing the Village
Board shall maintain proper decorum and refrain from making disrespectful remarks or comments
relating to individuals. Speakers shall use every attempt to not be repetitive of points that have
been made by others. The Village Board may refer any matter of public comment to the Village
Manager, Village staff or an appropriate agency for review.
4. Adjournment
The Village Board will make every effort to accommodate all items on the agenda by 10:30 p.m.
The Board, does, however, reserve the right to defer consideration of matters to another meeting
should the discussion run past 10:30 p.m.
The Village of Buffalo Grove, in compliance with the Americans with Disabilities Act, requests that
persons with disabilities, who require certain accommodations to allow them to observe and/or
participate in this meeting or have questions about the accessibility of the meeting or facilities,
contact the ADA Coordinator at 459-2525 to allow the Village to make reasonable
accommodations for those persons.
2.A
Information Item : FY 2020 Budget Hearing and Presentation
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Recommendation of Action
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Staff recommends discussion.
The FY 2020 Village Budget is posted on the Village website and available for inspection at Village Hall.
The full Draft 2020 Budget is available at: http://www.vbg.org/budget.
ATTACHMENTS:
• Budget Presentation Memo Rev (DOCX)
Trustee Liaison Staff Contact
Weidenfeld Andrew Brown, Finance
Monday, November 18, 2019
Updated: 11/14/2019 11:56 AM Page 1
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2.A.a
BUFFALO IIIIV' 'E
TO: Dane C. Bragg, Village Manager
FROM: Andrew Brown, Interim Finance Director
DATE: November 13, 2019
RE: 2020 Budget Presentation
01
Background
The Buffalo Grove 2020 Budget is designed to provide residents and other interested parties with an easy to navigate
format that clearly explains how the Village allocates its resources. Each village program strives to make BG more
responsible, resilient, or safe. Every program consists of major services the village provides for its residents and the
business community. The budget document is therefore organized by these areas, programs, and major services.
Budget Overview
The FY 2020 Village Budget is posted on the Village website and available for inspection at Village Hall.
Proposed Village Budget
FY 2019
FY2020
% Change
Revenue
$82,520,251
$85,755,363
3.92
Expenditures
$78,044,191
$80,837,127
3.58
Surplus/(Deficit)
$4,485,119
$4,918,236
The total Village Budget as proposed represents a 3.58 percent growth in expenses over the current year. The surplus
in the Village Budget is generated in the Police and Firefighter Pension funds to satisfy statutorily required
contributions and meet future pension obligations.
Wages
A 2.25 percent general wage increase was budgeted for all non -represented employees. The pay for performance
pool is budgeted within the Human Resources Department Budget.
Staffing
There are no requests for additional employees requested in the budget.
Capital Requests
A total of $52,226,733 in capital requests were submitted for FY 2020. The ability to cash finance capital projects is
based on budget capacity. For the proposed FY 2020 budget, $5,396,900 is programmed or 10.3 percent of the initial
requests. The Capital Improvement Plan is not inclusive of all capital spending slated for FY 2020. The budgeted
total amount spent on capital between the CIP, Operating Capital, and Reserve is for FY 2020 7.2 million.
Budget items of Note
The proposed budget is primarily a maintenance budget. There is no new debt proposed in the FY 2020 Draft Budget.
Staff will present a debt strategy including a Capital Project Plan in the first quarter of 2020. This has been excluded
from the budget to allow the Village Board to address debt and infrastructure replacement on a standalone basis.
Decisions made that impact revenue and/or expenditures, including issuing debt, during the 2020 fiscal year will be
addressed through the budget amendment process.
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