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Indian Head Park releases preliminary 2026 budget; capital fund shows temporary negative balance pending reimbursements
Summary
Village staff presented a preliminary 2026 budget showing general fund revenues of about $3.5 million, proposed expenses of roughly $3.86 million, and a capital fund beginning balance shown as a negative amount because the village expects reimbursements from federal/IDOT grants.
Village administrators presented the preliminary fiscal year 2026 budget at the March 13 board meeting, describing structural changes intended to improve transparency and shifting capital expenditures into a single capital fund.
Gavin (staff) said the proposed general fund beginning balance is approximately $2.4 million, with proposed revenues of about $3.5 million and proposed expenses of roughly $3.86 million, resulting in an estimated ending general fund balance of $2,142,310. He noted the village’s fund‑balance policy requires 25% of expected operating expenses as a…
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