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HomeMy WebLinkAbout22-23 Budget Fiscal Year 2022/2023 Annual Budget April 2022 City of McHenry, Illinois FY2022/2023 Annual Budget Table of Contents Letter of Transmittal Introduction…………………………….…………………………………………………………………………. 1 Elected Officials, Department Directors and Primary Administrators…………. 2 History and Demographic Snapshot of McHenry………………………………………. 3 City of McHenry Strategic Plan Summary…………………………………………………. 5 Budget Document Guide…………………………………………………………………………. 10 Basis of Accounting and Budgeting…………………………………………………………… 11 Budget Process Summary………………………………………………………………………… 12 Budget Process Timeline…………………………………………………………………………. 14 City of McHenry Organizational Chart………………………………………………………. 15 Personnel Summary………………………………………………………………………………... 16 Fund Structure Overview………………………………………………………………………… 17 Chart of Accounts Overview…………………………………………………………………….. 20 Summary of Revenues & Expenditures – All Funds…………………………….………………… 32 Summary of Proposed Revenues – All Funds……………………………………………. 33 Comparison of Budget vs. Proposed Revenues – All Funds………………………… 34 Summary of Revenues and Other Financing Sources – All Funds……………….. 35 Summary of Proposed Expenditures – All Funds………………………………………. 36 Comparison of Budget vs. Proposed Expenditures – All Funds…………………... 37 Expenditures by Function – All Funds……………………………………………………… 38 General Fund Revenues, Expenditures & Fund Balance Summary…………………………. 39 General Fund Overview…………………………………………………………………………... 40 General Fund Revenues, Expenditures and Fund Balance Summary…………… 40 General Fund Revenues – Budgeted, Estimated, Proposed…………………………. 41 General Fund Expenditures – Budgeted, Estimated, Proposed……………………. 45 General Fund - Fund Balance……………………………………………………………………. 48 General Fund Operating Budgets………………………………………………………………………….. 52 General Fund Operating Budgets Overview………………………………………………. 52 General Administration……………………………………………………………………………. 56 Elected Officials………………………………………………………………………………………. 63 Community Development…………………………………………………………………………. 66 Finance……………………………………………………………………………………………………. 74 Human Resources……………………………………………………………………………………. 82 Economic Development……………………………………………………………………………. 88 Police Commission…………………………………………………………………………………… 96 Police………………………………………………………………………………………………………. 99 Public Works – Administration…………………………………………………………………. 123 Public Works – Streets……………………………………………………………………………… 132 Parks and Recreation………………………………………………………………………………... 140 Special Revenue Funds………….………………………………………………………………………………. 150 Tourism……………………………………………………………………………………………………. 151 Pageant………………………..……………………………………………………………………………. 154 Band…………………………………………………………………………………………………………. 157 Civil Defense……………………………………………………………………………………………... 160 Alarm Board…………………………………………………………………………………………….... 163 Audit………………………………………………………………………………………………………… 166 Annexation………………………………………………………………………………………………... 169 Motor Fuel Tax………………………………………………………………………………………….. 172 Developer Donation…………………………………………………………………………………… 176 Tax Increment Finance………………………………………………………………………………. 179 Capital Projects & Debt Service Funds……………………………………………………………………. 182 Debt Service Fund……………………………………………………………………………………… 183 Recreation Center Fund……………………..………………………………………………………. 186 Special Service Area #4……………………………………………………………………………… 193 Capital Improvements Fund……………………………………………………………………….. 196 Capital Equipment Fund…………………………………………………………………………….. 199 Enterprise Funds………………………………………………………………………………………………….. 205 Water & Sewer Fund…………………………………………………………………………………. 206 Public Works – Water……………………………………………………………………………….. 209 Public Works – Wastewater……………………………………………………………………….. 217 Public Works – Utility……………………………………………………………………………….. 225 Capital Development…………………………………………………………………………………. 232 Utility Improvements………………………………………………………………………………... 235 Marina Operations…………………………………………………………………………………….. 238 Internal Service Funds…………………………………………………………………………………………. 241 Employee Insurance…………………………………………………………………………………. 242 Risk Management…………………………………………………………………………………….. 245 Fiduciary Funds……………………………………………………………………………………………………. 248 Employee Flexible Spending………………………………………………………………………. 249 Development Escrow…………………………………………………………………………………. 252 Retained Personnel……………………………………………………………………………………. 255 Revolving Loan…………………………………………………………………………………………. 258 Police Pension…………………………………………………………………………………………… 261 Supplemental Information…………………………………………………………………………………….. 264 Financial Policies Overview……………………………………………………………………….. 267 Fund Balance and Reserve Policy……………………………………………………………….. 264 Capital Improvement Program Financial Policies………………………………………… 276 Investment Policy……………………………………………………………………………………… 277 Purchasing Policy and Procedures………………………………………………………………. 284 Glossary of Terms……………………………………………………………………………………… 286 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290