City of Park Ridge 2008-2009 Budget

BUDGET SUMMARY
Budget Overview

The following is a summary of revenues and expenses for the City and Library from 2006/07 through 2009/10.

06/07 07/08 07/08 08/09 09/10

Actual Budget Est Act. Budget Estimate

Revenues:
Income 3,258,110 3,350,000 3,600,000 3,800,000 3,800,000
MFT 1,096,056 1,100,000 1,100,000 1,138,900 1,173,100
Property 13,737,400 14,431,000 14,431,000 14,902,500 15,647,600
HR Sales 1,240,532 1,400,000 1,450,000 1,650,000 1,692,000
Sales 3,511,095 4,000,000 3,800,000 3,970,000 4,100,000
Uptown Property Tax 698,102 3,017,700 1,788,600 2,812,700 4,534,900
Utility 4,092,309 5,000,000 4,400,000 4,750,000 4,900,000
Water 5,812,940 6,491,800 6,491,800 6,929,300 6,954,100
Other 11,280,185 11,304,200 9,804,700 12,052,300 11,521,900
Sale of Property 6,129,089 -
Bond Proceeds - - 227,000 - -
Total 50,855,817 50,094,700 47,093,100 52,005,700 54,323,600

Expenses:
Personal Services 23,815,003 25,770,000 25,212,000 27,088,100 28,212,500
Contractual Services 11,854,998 12,255,800 12,638,300 12,761,600 13,161,400
Commodities 1,991,827 1,921,100 2,080,700 2,276,000 2,084,200
Debt Service 4,190,400 4,914,600 4,914,600 5,038,700 3,436,400
Capital Budget 4,422,102 5,237,700 4,921,800 5,335,700 7,042,400
Total 46,274,330 50,099,200 49,767,400 52,500,100 53,936,900

Excess (Deficit) of Revenues 4,581,487 (4,500) (2,674,300) (494,400) 386,700

over Expenses

2007/08 – Current estimates show that expenses will exceed revenues in the general operating fund by $1,119,700.
$225,000 of this is for an expanded tree-trimming program approved by the City Council. The remainder is because
revenues came in below budget.

2008/09 – The general operating fund is expected to break even. The parking fund has a $10,900 deficit; the City
is using reserves to finance a one-time capital expenditure. The Uptown TIF has a $270,300 deficit; the City is
incurring expenses until all the property is developed and fully assessed. The water fund has a $183,200 deficit;
the City Council approved an increase in water rates to cover the increased cost in water supply but not labor or
materials. The city of Chicago increased water rates 15% on January 1, 2008. The Library Board authorized the
use of $30,000 to partially fund a one-time capital project. The remaining funds are projected to break even.

2009/10 – Expenses are projected to exceed revenues in the general operating fund by $990,200 in FY 2009/10.
This projection will need to be more closely analyzed next year. The parking fund is projected to have a surplus
of $107,800; this will help replenish reserves after completing the reconstruction of the Uptown parking lot in FY
2008/09. The Uptown TIF is projected to realize its first fiscal surplus in FY 2009/10 of $1,610,900; this will be
used to repay the general operating fund for advances given in previous years. The water fund shows a deficit of
$341,800; water rates will need to be re-analyzed.

1
 City of Park Ridge 2008-2009 Budget

Current Year Budget

The total budget for the City of Park Ridge for the year beginning May 1, 2008 and ending April 30, 2009 is
$52,500,100. This is a 4.8% increase from the previous year’s budget. The budget consists of $42,125,700 of
operating expenses, $5,038,700 of debt service and $5,335,700 of capital improvements. Operating expenses
will increase 5.5%, debt service will increase 2.5%, and capital improvements will increase 1.9%.

REVENUES EXPENSES
by Source by Department

Income
Tax Comm.Comm.Admin.
Other 7% Sup. Devel. 8%
32% 1% 3%
Finance
Property
3%
Tax
28% Public
Library Works
Sales 10% 41%
Tax Fire
Water 11% 14%
Utility Tax
Sales
9%
13%
Police
20%

Revenues
The following table summarizes the various revenue sources for the 2008/09 budget.

Total Debt E-911 General IMRF Library MFT Mun Parking Uptown Water
Service Waste
Inc 3,800,000 695,100 2,757,500 100,000
MFT 1,138,900 1,138,900
Prop 14,902,500 1,632,800 4,241,500 1,638,700 4,190,500 3,199,000
HR Sls 1,650,000 1,650,000
Sales 3,970,000 3,970,000
Utility 4,750,000 4,750,000
Water 6,929,300 878,400 800,000 155,400 5,095,500
Oth 12,052,300 500,000 10,399,100 55,100 337,100 262,400 800 415,900 359,300
Uptwn 2,812,700 2,466,000 346,700
Fund Bal 494,400 - - - - 10,900 270,300 183,200
Total 52,500,100 4,977,200 1,195,100 28,568,100 1,849,200 4,627,600 1,401,300 3,199,800 426,800 617,000 5,638,000

2
City of Park Ridge 2008-2009 Budget

Expenses

The following tables summarize expenses by classification.

TOTAL CITY EXPENSES INCLUDING LIBRARY

06/07 07/08 07/08 08/09 09/10

Estimated Percent Percent
Actual Budget Actual Budget Change Estimate Change
Personal Services 23,815,003 25,770,000 25,212,000 27,088,100 5.1% 28,212,500 4.2%
Contractual Services 11,854,998 12,255,800 12,638,300 12,761,600 4.1% 13,161,400 3.1%
Commodities 1,991,827 1,921,100 2,080,700 2,276,000 18.5% 2,084,200 -8.4%
Operating Budget Total 37,661,829 39,946,900 39,931,000 42,125,700 5.5% 43,458,100 3.2%
Debt Service 4,190,400 4,914,600 4,914,600 5,038,700 2.5% 3,436,400 -31.8%
Capital Budget 4,422,102 5,237,700 4,921,800 5,335,700 1.9% 7,042,400 32.0%

Expenditure Total 46,274,330 50,099,200 49,767,400 52,500,100 4.8% 53,936,900 2.7%

TOTAL CITY EXPENSES WITHOUT LIBRARY

06/07 07/08 07/08 08/09 09/10

Estimated Percent Percent
Actual Budget Actual Budget Change Estimate Change
Personal Services 20,515,817 22,272,000 21,715,100 23,515,100 5.6% 24,518,600 4.3%
Contractual Services 11,451,603 11,789,000 12,169,900 12,295,100 4.3% 12,668,500 3.0%
Commodities 1,248,578 1,171,000 1,328,600 1,522,800 30.0% 1,291,300 -15.2%
Operating Budget Total 33,215,998 35,232,000 35,213,600 37,333,000 6.0% 38,478,400 3.1%
Debt Service 4,190,400 4,914,600 4,914,600 5,038,700 2.5% 3,436,400 -31.8%
Capital Budget 4,099,518 4,911,900 4,596,000 5,006,900 1.9% 6,629,100 32.4%

Expenditure Total 41,505,916 45,058,500 44,724,200 47,378,600 5.1% 48,543,900 2.5%

LIBRARY EXPENSES

06/07 07/08 07/08 08/09 09/10

Estimated Percent Percent
Actual Budget Actual Budget Change Estimate Change
Personal Services 3,299,186 3,498,000 3,496,900 3,573,000 2.1% 3,693,900 3.4%
Contractual Services 403,395 466,800 468,400 466,500 -0.1% 492,900 5.7%
Commodities 743,249 750,100 752,100 753,200 0.4% 792,900 5.3%
Operating Budget Total 4,445,830 4,714,900 4,717,400 4,792,700 1.7% 4,979,700 3.9%
Debt Service - - - - -
Capital Budget 322,584 325,800 325,800 328,800 0.9% 413,300 25.7%

Expenditure Total 4,768,414 5,040,700 5,043,200 5,121,500 1.6% 5,393,000 5.3%

3
City of Park Ridge 2008-2009 Budget

Property Taxes

The property tax levy to finance this budget equals $14,902,500. This levy is a 3.3% or $471,500 increase over
the prior year’s property tax levy.

When a resident receives a property tax bill, only a small portion is given to the City. This illustration shows how
the property tax bill is allocated among the various taxing entities. The majority of the property tax levy goes to
the schools. A resident pays more property taxes to Cook County than to the City of Park Ridge.

.1¢
Mosquito
66¢ 10¢ 9¢ Abate
Schools Cook City 2¢
County Township
5¢
Water 4¢ 4¢
Reclam Park Library
District
This illustration shows how the City’s portion of the property tax levy is distributed.

11 ¢ 11 ¢ 21¢ 28¢ 29¢

IL Retire Debt Garbage Library General
Fund Service
4
City of Park Ridge 2008-2009 Budget

Total Expenses per Capita

Each year, the City compares total expenses per capita to similar communities. This year, the City ranked second
out of nine communities as shown in the following graph. The City’s annual cost per capita is $1,246.37. This
compares to the mean cost per capita of $1,477.86. (Note that the graph compares fiscal year 2007/08 budget
information.)

Per Capita Expenditure Comparision

$2,000
$1,900
$1,800
$1,700
$1,600
$1,500
$1,400
$1,300
$1,200
$1,100
$1,000
$900
$800
$700
$600
$500

ct
rg

ie
s

ve

e
s

lle
ts
ile

ne

dg

pe
ok
gh
bu

vi
ro
N

ai

Ri
er
Sk

os
G
ei
um

Pl

ap
H

rk

Pr
s
ha

r
s
on

Pa
N
ne
De

t.
Sc

M
gt

ow
lin

D
Ar

Total Revenues Per Household

The City scored fourth out of nine communities for total direct payments (vehicle license fees, garbage collection
charges, utility taxes, property taxes, etc.) from a typical household to support municipal operations.

Arlington Heights 1,241.36

Mt. Prospect 1,204.44
Des Plaines 1,156.57
Downers Grove 1,040.36
Skokie 937.63
Park Ridge 827.42
Naperville 773.39
Schaumburg 716.05
Niles 691.25
Average 954.27

Full Time Equivalents Per Population

Please see the Full Time Equivalents section of the book for a comparison of number of employees per capita
among various communities.

5
City of Park Ridge 2008-2009 Budget

THIS PAGE INTENTIONALLY LEFT BLANK