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Villa Park finance director reports $37.1M in revenues; FEMA and IDNR grants drive surplus, board to consider amended budget
Summary
Director Susie Micah told trustees that general fund revenues stood at about $37.1 million as of Dec. 31, 2025, boosted by $2.2 million in FEMA reimbursements and a $10 million IDNR grant; Micah said staff will bring an amended 2025 budget to authorize transfers and correct accounting classifications.
Director Susie Micah presented year‑end financials at the Jan. 26 Village Board meeting and described how two large grants affected the village’s reported revenues.
Micah said the general fund year‑to‑date revenues as of Dec. 31 were $37.1 million, or roughly 133% of the 2025 annual budget. She told trustees that $2.2 million in FEMA reimbursements and a $10 million Illinois Department of Natural Resources (IDNR) grant were recorded in 2025 and account for a substantial portion of the surplus. Micah said some revenues were initially coded to 2026 and that staff are reclassifying about $1,000,000 in receipts back to 2025; she said auditors will be on site for field work in mid‑March.
On the treatment of grant proceeds and transfers, Micah said the village will bring an amended 2025 budget to the board so transfers can be made in accordance with state statute (for example, moving FEMA reimbursements to the stormwater buyout fund): “When I bring the 2025 amended budget to you, this item will be brought to you for consideration so that we’re still in accordance with the state statutes for approval to be able to move those funds from the general fund into the stormwater buyout fund.”
Micah also flagged a previously discussed $2.6 million shortfall tied to a police pension contribution that the village expects to address as part of the transfer and amended budget process. She said updated revenue and expense reports will be delivered to trustees and that staff are refining cash‑on‑hand calculations by fund.
No formal budget amendment was adopted at the Jan. 26 meeting; Micah said the amended budget will be presented to the board in the coming month for formal authorization of transfers and reclassifications.
