Roselle finance director reports July surplus; sales and state income tax up, permits below budget

Tom Daul, finance director for the Village of Roselle, told the board on Aug. 25 that the general fund showed a year-to-date surplus of about $464,000 through July. "The general fund ended the month, with a, still with a surplus, about 464,000 through through the year," Daul said while presenting the July treasurer's report.

Daul highlighted several revenue items: DuPage County property-tax distributions of about $61,000 had been received, while Cook County tax information was still pending. Sales tax for April (received later) totaled about $376,000, an 8.1% increase over 2024; state income-tax receipts were about $417,000, up 9.2%; and ambulance-billing receipts were about $144,000, a 30% increase over last year. Local use tax collections were down sharply for the period, about $17,000, a 76% decrease from the comparable period the prior year.

Daul also reported that building permits were below budget through July and that several previously licensed businesses had relocated or closed. He said the village continues to receive its community project funding from HUD (referred to in the meeting by staff as "Raja Bucks"), and he noted that the top 10 food and beverage retailers account for about 44% of food-and-beverage tax receipts.

Discussion: Trustee Domke asked for clarification about the timing of home-rule sales-tax remittances and how that appears on the monthly budget report. Daul explained a lag in remittance timing and said he adjusted the budget-versus-actual presentation to reflect cash-basis timing differences.

Direction: No formal action was taken; trustees received the report and asked clarifying questions. Daul offered to answer follow-up questions and provide supporting schedules as needed.

Ending: The report did not include decisions that require immediate board action; staff will continue monitoring revenues, building permits and licensing.