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50% are valued higher. The General Fund Levy of $5,479,630 supports the 2023 cost of providing City
<br />services. Therefore, an owner of median valued home in the Village will pay $1,571 in Property Taxes
<br />for City services.
<br />
<br />A breakdown of the cost of City services is: $641 for Police, $327 for Fire, $181 for Public Works, $80
<br />for Parks, $131 for Administration, $81 for Finance and $130 for other various costs. Remaining City
<br />taxes are $570 for Streets related debt service, $93 for Fire and Public Works buildings related debt
<br />service; $49 for parks, sidewalks and intersection improvements related debt service; and $146 for the
<br />Capital Equipment and Building, Parks and Infrastructure Improvements. Resulting in a total City tax of
<br />$2,431 for a median valued home.
<br />
<br />
<br />Capital Equipment Purchases - Appropriation = $1,311,284
<br />
<br />The proposed 2023 Capital Equipment Budget totals $1,311,284. The 2023 revenue for funding capital
<br />equipment will be provided by the Capital Improvement Levy, MSA Revolving Funds, sales of existing
<br />equipment and a General Fund transfer of excess fund balance. A review of the 2023 revenue and
<br />expenditures is as follows:
<br />
<br />Revenues:
<br />Capital Improvement Levy 338,200$ Finance/Administration
<br />Infrstructure Transfer 90,000 Computer Hardware 22,500
<br />Trade/Sale of Equipment 55,000 Furniture and Equipment 5,000
<br />GF Excess Fund balance transfer 100,000 Council Chambers - AV Equipment 5,000
<br />Donations / Grants 424,079 Total Finance/Administration 32,500$
<br />Interest 7,500
<br />Total Revenues 1,014,779$ Public Works:
<br />Streets Department
<br />Expenditures:Fleet replacements 58,545$
<br />Heavy Equipment -
<br />Police Department Specialty Equipment -
<br />Squad Cars 52,631$ 58,545$
<br />Unmarked Cars 46,000 Parks Department
<br />Retired to other services -
<br />Technology 98,893 Heavy Equipment/Fleet Replacement 74,000$
<br />Specialty Equipment 17,767 Mowers and Field Maintenance 45,744
<br />General Equipment 15,533 Speciality Equipment 6,623
<br />Total Police 230,824$ 126,367$
<br />Fire Department Total Public Works 184,912$
<br />Vehicles 514,079$
<br />Protective Gear 218,700 Total Expenditures 1,311,284$
<br />Technology 13,369
<br />Protective Equipment/Tools 44,000
<br />Office Furniture 5,000
<br />Debt Service Payments 67,900
<br />Total Fire 863,048$
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