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HomeMy WebLinkAbout77-O-24 Approving the 2025 Fiscal Year Budget of the City of Evanston10/16/2024 77-0-24 AN ORDINANCE Approving the 2025 Fiscal Year Budget of the City of Evanston WHEREAS, 65 ILCS 518-2-9.1 et seq. and Title 1, Chapter 8 of the City Code, 2012, as amended, requires the City Manager to submit to the City Council a proposed budget for the ensuing fiscal year that presents a complete budget for revenues and expenditures plan for each fund; and WHEREAS, in accordance with legal requirements, the City Manager submitted the proposed budget for the 2025 fiscal year to the City Council for its review and the required hearings on said budget were conducted and properly noticed under the Illinois Open Meetings Act, 5 ILCS 120I1 et seq.; and WHEREAS, the City Council has reviewed the proposed budget, with a total expenditure amount (excluding interfund transfers) of three hundred thirty- eight million, seven hundred five thousand, one hundred eight dollars ($338,705,108) and total interfund transfers of fifty-six million, seven hundred eighty-three thousand, three hundred ten dollars ($56,783,310); NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1: The foregoing recitals hereby found as fact and incorporated herein by reference. SECTION 2: That the City Council hereby adopts the City of --2— Doc ID: elde2f{da4e53aa399a6e10cdd3fc5cOd2109f01 Evanston's 2025 fiscal year budget, with a total expenditure amount (excluding interfund transfers) three hundred thirty-eight million, seven hundred five thousand, one hundred eight dollars ($338,705,108) and total interfund transfers of fifty-six million, seven hundred eighty-three thousand, three hundred ten dollars ($56,783,310), for a total of three hundred ninety-five million, four hundred eighty- eight thousand, four hundred eighteen dollars ($395,488,418), summarized in the document attached hereto as Exhibit A and incorporated herein by reference, and hereby directs the City Manager to implement said budget. SECTION 3: That this Ordinance 77-0-24 shall be in full force and effect from and after its passage and approval in the manner provided by law. Introduced: November 25, 2024 Approved: Adopted: November 25. 2024 November 25, 2024 Attest: ,�421_4- Stephanie Mendoza, City Clerk Xgaazel ,Buss Daniel Biss, Mayor Approved as to form: AtexMdAm Alexandra Ruggie, Corporation Counsel -2- Doc ID: elde2ffda4e53aa399a6e10cdd3fc5cOd2109f01 EXHIBIT A City of Evanston - Fiscal Year 2025 Adopted Budget Summary fund .2026 Adopted AMA �.gapnditures _ftih� General Fund (100) $113.331,458 American Rescue Plan (170) $16.562,975 General Assistance Fund (175) $1,342,920 Human Services Fund (176) $6,360,977 Reparations Fund (177) $1.301,000 Sustainability Fund (178) $1.706,513 Good Neighbor Fund (180) $164.000 Library Fund (185) $9,646,921 Library Debt Service Fund (186) $576,946 Library Capital Improvement Fund (187) $1,900,000 Motor Fuel Tax Fund (200) $6,359.650 Emergency Telephone (E911) Fund (205) $1,743,699 Foreign Fire Insurance (206) $200,000 Special Service Area (SSA) #9 (210) I $642,145 CDBG Fund (215) I $3,788,998 CDBG Loan Fund (220) I $306.565 Home Fund (240) $2,276,912 j Affordable Housing Fund (250) $2,362,480 Debt Service Fund (320) $15,988,861 Howard -Ridge TIF Fund (330) $513,500 West Evanston TIF Fund (335) $2.712,790 Dempster -Dodge TIF Fund (340) $12,000 Chicago -Main TIF (345) I $850,010 Special Service Area (SSA) #6 (350) I $220,000 Special Service Area (SSA) #7 (355) $140,000 Special Service Area (SSA) #8 (360) $60,200 Special Service Area (SSA) #10 (361) $90,000 Five -Fifths Fund (365) $1,150,520 Capital Improvements Fund (415) I $26,222,000 Crown Construction Fund (416) I $200,060 Crown Maintenance Fund (417) I $175.000 Special Assessment Fund (420) $1,650,050 Parking System Fund (505) $8,334,232 Water Fund (510) $62,760,447 Sewer Fund (515) $8,470,950 f Solid Waste Fund (520) $6,506,458 1 Fleet Services Fund (600) $4,204,265 Equipment Replacement Fund (601) $5,496,912 Insurance Fund (605) $22,373,693 f TOTAL: $338,706,108 FY 2026, 'FY 2D26-Total Adopted (Inclu ding, Transfers C?nE+' Transfers); $37,946,944 $151,278,402 $1,500,000 $18,062,975 $1,342,920 $6,360,977 $1,301,000 $1,706,513 $3,000,000 $3,164,000 $360,325 $10,007,246 $576,946 $1,900,000 $6,359,650 $119,142 $1,862,841 $200,000 $642,145 $3,788,998 $306,565 i $2,275,912 $2,362,480 $15,988,861 $343,913 $857,413 $110,550 $2,823,340 $193,343 $205,343 $307,990 $1,158,000 $220,000 $140,000 $60,200 $90,000 $73,850 $1,224,370 $26,222,000 � $588,369 $788,429 � $175,000 $230,631 $1,880,681 $3,549,467 $11,883,699 $6,028,135 $68,788,582 $2,012,051 $10,483,001 $418,600 $6,925,058 $4,204,265 $5,496,912 $22,373,693 a56,783,310 $395,488,418