Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the City Budget topic
No spam. Unsubscribe anytime.
Kankakee City budget committee reviews April 2026 finances as ARPA and TIF transfers shift year‑end results
Summary
Comptroller Townsville Rogers told the Kankakee City budget committee that April revenues stand about 102% of budget, with corporate replacement tax down but sales tax and one‑time transfers (ARPA, TIF 8) bolstering results; members discussed ARPA allocations, HUD audit impacts and pension performance.
The Kankakee City budget committee met in May to review the April 2026 financial statements. Comptroller Townsville Rogers presented an added one‑page summary and said the packet shows revenues slightly ahead of expenditures heading into year‑end adjustments.
“Our revenues are sitting at 102%,” Rogers said, adding that corporate replacement tax changes left that line under budget but higher sales tax receipts and a large, unbudgeted grant drove overall inflows. Rogers told the committee she has been using a new summary page “to make sure that it's running along with the packet” and plans to add further summaries during the year.
Why it matters: the committee must reconcile accruals and late invoices before the auditors receive final numbers, and several one‑time transfers will affect how the city reports revenue for fiscal 2026. Rogers said she recorded an ARPA reimbursement of more than $450,000 and that transfers tied to TIF 8 involved roughly $1.6 million split between the two transfers; those entries will raise reported revenues once the accruals and transfers are posted.
Committee members pressed staff on timing and accounting. Alderman Johnson asked for clarification on the local use tax, and Rogers replied it applies to online purchases attributed to Kankakee City and that the calculation method has recently changed. On ARPA finances, Rogers said the ARPA allocation balance was a little over $1,000,000 and that about $272,000 will still impact revenue when recorded.
The committee also reviewed how a recent HUD audit changed expense treatment for economic development programs. Rogers explained that certain administrative costs — previously expensed through federal grants (CDBG/ECDA) — are no longer allowable under HUD's final audit guidance, which moves dues, lease payments and portions of staff salaries onto the city's general budget going forward.
Members discussed ARPA‑funded programs and capital purchases. Alderman Jones asked about a Kankakee United line and funding for ShotSpotter systems; staff said the city allocated ARPA for two ShotSpotter units and expects associated capital and salary costs to consume a sizeable portion of remaining ARPA funds. Staff also noted a $7,300 balance tied to Eagle Street/River Street drainage cleanup that will be reconciled with departmental records.
The committee discussed possible bond refinancing, with staff saying market timing typically favors late summer to early fall for refunding decisions. On pensions, speakers described recent market gains that improved plan performance and noted existing stabilization funds for police and fire remain intact; exact funded percentages were not disclosed pending formal board reports.
The meeting concluded with a routine motion to adjourn that carried by voice vote. No formal policy votes or ordinance adoptions were taken at this session.
