1. City of Lockport, Illinois
FISCAL YEAR 2017 BUDGET
City of Lockport, Illinois

2. General discussion & next steps
The budget was prepared by the Finance Department,
reviewed with each Department Head and Elected Official
in August and September
Made available to the public
Public Hearing to be held November 2nd
Seek Council approval November 16th

3. BUDGET SUMMARY – BY FUND
The City is planning to draw down additional, available reserves from the: General Fund, MFT Fund, Capital Projects Fund and Water & Sewer Fund. This will provide Lockport with funds for additional Infrastructure Projects, while retaining a strong Fund (Equity) Balance. The City will remain within the parameters of its self-imposed Fund Balance Policy.

4. General Fund Revenues & Expenses
Property Taxes make up the largest share of General Fund Revenues. The City’s portion of a tax bill is approximately 10%.
Expense:
The largest amount allocated to Police, followed by Public Works, & Administration

5. General Fund - Highlights
The General Fund planned draw down of excess reserves
$3,150,000 for Capital
Ending General Fund balance 4 months = to Policy
Property Tax will be discussed at November meeting
Income Tax Revenue not reduced by State budgeted at expected level
Dissolution of Central Square
Recognition of Rental Income
Renovation Expense
Relocation of CED
Continued operating expenses
Pension:
Police: 58% funded IMRF: 85% funded
Expense per Actuary with potential for additional buy down

6. General Fund Operating Expenses - Highlights
Bricks & Mortar
Façade 50/50 Grant & Code Compliance
Community Room at Police Department
Central Square Renovation
Consultants
Development Engineer
Economic Development Consultant
Attorneys, Actuary, Misc. Consultants
Events
Central Square Festivities
Summer Art Series
Old Canal Days

7. OTHER FUNDS

8. OTHER FUNDS GARBAGE FUND
The City’s Garbage operations are provided by Waste Management.
Revenues - monthly garbage collection rate
Expenditures – contract with Waste Management ends 10/31/2018
Small increase each November
TIF FUND
Created for Downtown and Star Business Park
Revenues -Property Tax
Expenses - Will not be frequent until additional resources are
Realized in Fund

9. Water & Sewer Revenue and Expense
Expense Breakdown Operations 40%
Projects 55%
Revenue breakdown
User Fees 57%
Developer Reimbursements 17%

10. Water/Sewer Funds - Highlights
The Water and Sewer Fund is a balanced budget.
Repay $125,000 to the General Fund for 2008 loan
The Water and Sewer Fund will drawdown excess Fund Balance by $7,417,500 in 2017
$13,694,000 projects, engineers and consultants
Debt
2 existing IEPA loans
2012 Alternative Revenue Bond (pro-rated with Streets)
New IEPA low interest loan for Iron Removal Facility on Well 14

11. EMPLOYEE OVERVIEW

12. Expense breakdown
Payroll is the largest overall expense in general fund

13. Payroll related New Hires: Director of Public Works
(temporary combination 2 positions into 1 in 2011)
Building Maintenance part time worker
Part time co-op laborer for sewer department
Stable employee base. Still 9% below staffing level in 2009

14. Capital Projects Fund
This fund is utilized to budget for capital outlay and projects within governmental activities drawdown of $400,000 in reserves.
Several revenue sources are utilized for these activities:
Non-Home Rule Sales Tax
Electric Excise Tax
Annexation/Road Impact Fees
Telecom Utility Tax
Grants/Contributions
Transfers from the General Fund

15. Equipment Purchases Police Dept: $185,000
Ford Interceptor Squad Cars $30,000 each
(2 Capital, 1 State Seizure & 1 Fed Seizure)
Chevy Tahoe to be used with truck scales (Fed Seizure)
Investigations vehicle $25,000 (State Seizure)
Street Dept: $205,000
Large Dump Truck
2 Pickup Trucks
Water Dept: $70,000
Sewer Dept: $113,000
Pickup Truck
John Deere Tractor
6” Trailer Mount Diesel Pump
North Plant Blower & Motor
Administration: $275,000 split over 2 years
ERP Software for City Wide Use

16. WATER/SEWER PROJECTS: $12,579,000
CAPITAL PROJECTS
ROAD PROJECTS: $9,391,000
WATER/SEWER PROJECTS: $12,579,000

18. Capital Projects

19. Thank you!
Are there any questions or suggested revisions?