2025 Village Budget

Village of Union Grove 2024 Adopted Budget 2025 Proposed Budget % Change REVENUES PROPERTY TAXES 1,362,864 1,518,998 11.5% INTERGOVERNMENTAL 867,588 932,599 7.5% LICENSES AND PERMITS 194,500 334,575 72.0% FINES, FORFEITURES & PENALTIES 70,000 119,800 71.1% INVESTMENT INCOME 75,000 150,000 100.0% MISCELLANEOUS REVENUE 106,400 112,575 5.8% OTHER FINANCING SOURCES 203,309 165,000 -18.8% Total Revenues 2,879,661 3,333,547 15.8% EXPENDITURES GENERAL GOVERNMENT 658,097 933,173 41.8% PUBLIC SAFETY 893,324 1,005,831 12.6% PUBLIC WORKS 892,912 948,917 6.3% HEALTH & HUMAN SERVICES 11,500 11,140 -3.1% CONSERVATION & DEVELOPMENT 12,000 12,000 0.0% OTHER FINANCING USES 232,479 422,486 81.7% Total Expenditures 2,700,312 3,333,547 23.5% 2025 Budget Summary Budget Summary - General Fund Notice is hereby given that on Monday, November 11, 2024 at 6:00 P.M. at the Union Grove Municipal Center, 925 15th Avenue, a public hearing on the 2025 Proposed Budget of the Village of Union Grove will be held. The proposed budget in detail is available for inspection at the Village Clerk's office from 8:00 A.M. to 4:30 P.M., Monday through Friday. The following is a summary of the proposed budget. Fund Balance 1/1/25 Total Revenues Total Expenditures Balance 12/31/25 Property Tax Contribution General Fund 218,211 3,333,547 3,333,547 218,211 1,505,998 Recreation and Parks Fund (15,496) 147,905 147,905 (15,496) - Library Fund 458,371 354,061 354,061 458,371 - Water Utility (650,457) 2,734,050 2,720,599 (637,006) - Wastewater Utility (34,030) 2,335,400 2,132,528 168,842 - Storm Water Utility Fund (345,195) 361,651 498,849 (482,393) - Capital Projects Fund 1,124,073 1,896,406 1,896,250 1,124,229 210,000 Debt Service Fund (58,767) 491,917 491,917 (58,767) 433,176 Impact Fee Fund 26,053 296,664 225,800 96,917 - Revolving Loan Fund 15,665 16,416 - 32,081 - TID #4 (Debt Service & Capital) 174,278 485,105 385,105 274,278 - TID #5 (Debt Service & Capital) 33,118 262,313 217,295 78,136 - TID #6 (Debt Service & Capital) (31,201) 942,166 939,214 (28,249) - TID #7 (Debt Service & Capital) 165,374 471,346 468,483 168,237 - Total 1,079,998 14,128,947 13,811,553 1,397,392 2,149,174 2024 Budget 2025 Budget Property Taxes Levied (TID-In) 2,086,792 2,149,174 Assessed Value 474,737,100 483,300,000 Tax Rate 5.44171 5.60717 Indebtness - General Obligation 11,331,865 Projected Balances - Other Funds