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East Dundee projects 2025 surplus; board asked to consider $250,000 additional police pension contribution
Summary
Staff reported a projected $922,000 surplus for 2025 and recommended transferring half into the capital improvement plan and considering a $250,000 additional police pension contribution; the board discussed staffing, public works positions and the 2026 baseline balanced budget.
Village finance staff presented a 2026 operating overview at the Sept. 15 meeting, reporting an anticipated $922,000 surplus for the 2025 year and proposing to transfer 50% of the surplus into the capital improvement fund. Staff recommended an additional $250,000 contribution to the police pension fund, which would reduce the projected general-fund surplus to about $211,000.
Brandice (finance) and other staff explained the revenue drivers: parking and streaming taxes exceeded budget and offset an 85% projected reduction in state local use tax. Staff said they are proposing a zero‑based 2026 operating budget balanced to within roughly $2,000 and asked the board to consider the additional police pension contribution ahead of adoption.
Staff outlined department-level proposals: fill one vacant police officer position (cost estimated at about $123,000), add a public‑works managerial supervisor (shared between general fund and water/sewer fund), budget COLA/merit/step increases, and plan for increased insurance and QuadComm costs. Staff also proposed charging 50% of certain administration salaries to TIF funds where appropriate and creating a parking-garage fund to separate those revenues and expenses.
Trustees thanked staff for conservative budgeting and asked for further details on capital projects, pension actuarial modeling and grant opportunities. The board did not adopt the final budget at the Sept. 15 meeting; staff said the goal was adoption in late November or early December after further review of capital and TIF items.
