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Glendale Heights approves 2025–26 midyear budget after finance presentation
Summary
The Village of Glendale Heights board approved its FY2025–26 midyear budget on Nov. 13 after a finance presentation explaining a fund consolidation tied to a new financial system, $2.7 million in transfer reductions, and several capital projects, including Highland Avenue and West Burdett sewer work.
GLENDALE HEIGHTS, Ill. — The Village of Glendale Heights village board approved its fiscal year 2025–26 midyear budget at a special meeting on Nov. 13, following a detailed presentation by finance staff on accounting changes, fund consolidations and planned capital projects.
Andrea, the village finance presenter, told trustees the village has moved core accounting modules — general ledger, accounts payable, purchasing and a vendor portal — onto a new financial management system and is about halfway through full implementation. "The auditors told us to do it," Andrea said, explaining that consolidating scattered accounts and aligning capital projects into a capital projects fund will improve reporting and operational efficiency.
The presentation outlined several material changes in the midyear request. Staff reduced the number of active funds and accounts, lowered interfund transfers by $2,700,000, and proposed front‑loading selected capital work because funding was available. Revenue-line adjustments highlighted by staff included a $75,000 increase in real estate transfer tax, a $150,000 rise in sales tax, and declines in cable franchise fees (about $85,000) and cannabis sales tax. Staff also reported increased investment earnings tied to maturing brokered certificates of deposit.
On the expense side, staff described encumbrances rolled forward from prior years and new capital spending. Among the projects singled out were a Highland Avenue road program and water main work (finance noted a combined presentation figure for the Highland project and a water main component) and the West Burdett gravity sanitary sewer project (identified in the presentation at $1,500,000). Andrea said some work originally slated for fiscal 2027 is being advanced to 2025 because available resources and reduced transfers make it operationally efficient.
Board members asked clarifying questions about restrictions on moved funds, whether transferred amounts remain tied to their original revenue sources, and the health of the environmental services fund. Andrea said revenue sources remain tied to project codes so, for example, street revenue is used for streets; she also reported the environmental services fund had about $8,000,000 on hand.
After discussion, Trustee Siddiqui moved to approve the midyear budget and Trustee Mitch Roscoe seconded. The clerk called the roll and the trustees present voted in favor; the motion carried and the midyear budget was approved as presented.
The meeting closed after a short public-comment opportunity and a motion to adjourn. The village packet includes detailed budget slides and the updated chart of accounts staff referenced during the presentation.
