Ordinance 2024-28UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO.2024-28
AN ORDINANCE AUTHORIZING THE FIRST AMENDMENT TO THE ANNUAL
BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR
COMMENCING ON MAY 1, 2024 AND ENDING ON APRIL 30, 2025
Passed by the City Council of the
United City of Yorkville, Kendall County, Illinois
This 1 Ph day of June, 2024
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville, Kendall
County, Illinois on July 8, 2024.
STATE OF ILLINOIS
COUNTY OF KENDALL
- FILED -
JUL 0 9 2024
COUNTY CLERK
t Ld KENDALL COUNTY
Ordinance No. 2024-28
AN ORDINANCE AUTHORIZING THE FIRST AMENDMENT TO THE ANNUAL
BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR
COMMENCING ON MAY 1, 2024 AND ENDING ON APRIL 30, 2025
WHEREAS, the United City of Yorkville (the "City") is a duly organized and validly
existing non -home rule municipality created in accordance with the Constitution of the State of
Illinois of 1970 and the laws of the State; and,
WHEREAS, pursuant to 65 ILCS 5/8-2-9.4, the City adopted Ordinance No. 2024-10 on
March 26, 2024 adopting an annual budget for the fiscal year commencing on May 1, 2024 and
ending on April 30, 2025; and,
WHEREAS, pursuant to 65 ILCS 5/8-2-9.6, by a vote of two-thirds of the members of
the corporate authorities then holding office, the annual budget of the United City of Yorkville
may be revised by deleting, adding to, changing or creating sub -classes within object classes and
object classes themselves. No revision of the budget shall be made increasing the budget in the
event fiends are not available to effectuate the purpose of the revision; and,
WHEREAS, funds are available to effectuate the purpose of this revision.
NOW THEREFORE, BE IT ORDAINED by the Mayor and City Council of the
United City of Yorkville, Kendall County, Illinois, as follows:
Section 1: That the amounts shown in Schedule A and Schedule B, attached hereto and
made a part hereof by reference, increasing and/or decreasing certain object classes and
decreasing certain fund balances in the Downtown TIF and Downtown TIF II funds with respect
to the United City of Yorkville's 2024-2025 Budget are hereby approved.
Section 2: This ordinance shall be in full force and effect from and after its passage and
approval according to law.
Ordinance No. 2024-28
Page 2
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
11 h day of June, A.D. 2024.
ar
CY CLERK
KEN KOCH
AYE
DAN TRANSIER
AYE
ARDEN JOE PLOCHER
AYE
CRAIG SOLING
AYE
CHRIS FUNKHOUSER
NAY
MATT MAREK
AYE
SEAVER TARULIS
AYE
RUSTY CORNEILS
AYE
APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois
this ',S�day of TU I U ,A.D. 2024.
Ordinance No. 2024-28
Page 2
Schedule A
DOWNTOWN TtF FUND
The Downtown TIF was created in 2006, in order to finance a mixed use development in the downtown area.
FY 2024 FY 2025 FY 2025
FY 2022 FY 2023 Adopted FY 2024 Adopted Amended
Actual Actual Budget Projected Budget Budget
Revenue
Taxes $ 96,795 $ 100,932 $ 1,220,000 $ 121,458 $ 124,494 $ 124,494
Other Financing Sources - - - - - 1807M
Total Revenue $ 96,795 $ 100,932 $ 1,220,000 $ 121,458 $ 124,494 $ 304,494
Expenditures
Contractual Services $ 74,223 $ 72,810 $ 76,857 $ 68,959 $ 73,967 $ 73,967
Capital Outlay 7,488 3,120 5,000 - 1,000,000 850,000
Debt Service 206.083 - - - - -
Total Expenditures $ 287,794 $ 75,930 $ 81,857 $ 68,959 $ 1,073,967 $ 923,967
Surplus (Deficit)
(190.999) $ 25,002 $ I,I38,143 $ 52,499 $ (949,473) $ (619,473)
Ending Fund Balance S (1,639,928) $ (1,614,928) S (1,574,911) S (1,562,429) $ (2,511,902) S (2,181,902)
$0
N ($500)
M ($1,000)
o ($1,500)
" ($2,000)
($2,500)
($3,000)
United City of Yorkville
Downtown TIF Fund
88
DOWNTOWN TIT FUND REVENUE FY 2024 FY 2025 FY 2025
FY 2022 FY 2023 Adopted FY 2024 Adopted Amend
Account Actual Actual Budget Projected Budget &udget
Taxes
88-000-40-00-4000 PROPERTY TAXES
$
96,795 $
100,932 $
1,220,000 $
121,458 $
124,494 $
124,494
Total: Taxes
$
96,795 S
100,932 $
1,220,000 S
121,458 S
124,494 S
124,494
Other Financing Sources
88-000.49-00-4910 SALE OF CAPITAL ASSETS
$
- $
- $
- $
$
S
180,Wo
Total: Other Financing Sources
S
- $
- S
- $
$
- $
180,000
Total: DOWNTOWN TIT REVENUE
$
96,795 S
100,932 S
1,220,000 S
121,458 S
124,494 S
304,494
ON
880
DOWNTOWN TIF FUND EXPENDITURES
Account
CDutractual Services
88-880-54-00-5401
ADMTNiSTRATIVE CHARGEBACK
88-880-54-00-5425
TIF INCENTIVE PAYOUT
88-890-54-00-5462
PROFESSIONAL SERVICES
Total: Contractual Services
Capital Outlay
United City of Yorkville
Downtown TIF Fund
FY 2022
Actual
FY 2023
Actual
FY 2024
Adapted
Budget
FY 2024
Projected
FY 2025
Adopted
Budget
FY 2025
Amended
Budget
$ 35,020
$ 31,102
$ 32,I29
$ 32,129
$ 32,046
$ 32,046
36,562
37,835
39,728
36,473
39,421
39,421
2,641
3,873
5,000
357
2,500
2,500
S 74,223
$ 72,810
$ 76,857
$ 68,959
S 73,967
S 73,967
88-880-60-00-6000
PROJECT COSTS
$
-
$ - $
5,000 $
$
1,000,000 S 85D,000
88-880-60-00-6079
ROUTE 47 EXPANSION
7,488
3,120
-
- -
Total: Capital Outlay
S
7,488
$ 3,120 $
5,000 $
$
1,000,000 S 850,000
Debt Service - FNBO
Loan - 102 E Van Emmon Building
88-880-81-00.8000
PRINCIPAL PAYMENT
S
200,000
$ - $
$
$
$ -
80.880.81.00-8050
INTEREST PAYMENT
6,083
Total: Debt Service - FNBO Loan
S
206,083
$ - S
- $
$
- S -
Total: DOWNTOWN TIF EXPENDITURES
$
287,794
$ 75,930 $
81,857 $
68,959 S
1,073,967 S 923,967
K,
Schedule B
DOWNTOWN TIF II FUND (89)
The Downtown TIF II was created in 2018, in order to help promote downtown redevelopment and support the existing Downtown TIF.
FY 2024 FY 2025 FY 2025
FY 2022 FY 2023 Adopted FY 2024 Adopted Atttended
Actual Actual Budget _ Projected Budget Budget
Revenue
Taxes
$
78,764
$
97,574
$
146,000
$
145,465
$
149,102
$
149,102
Total Revenue
$
78,764
$
97,574
$
146,000
$
145,465
$
149,102
$
149,102_
Expenditures
Contractual Services
$
37,521
$
3,371
$
11,000
$
9,000
$
17,000
$
17,000
Capital Outlay
-
-
-
-
5,000
5,000
Debt Service
-
-
-
-
-
150,000
Total Expenditures
$
37,521
$
3,371
$
11,000
$
91000
$
22,000
$
1722000
Surplus (Deficit)
$
41,243
$
94,203
$
135,000
$
136,465
$
127,102
$
(22,898)
Ending Fund Balance
$
(6,625)
$
87,577
$
198,949
$
224,042
$
351,144
$
201,144
$400
N $300
r
c
M $200
0
$100
($100)
I
United City of Yorkville
Downtown TIF 11 Fund
890
DOWNTOWN TIF II FUND REVENUE
FY 2024
FY 2025
FV 2025
FV 2022
FY 2023
Adopted
FY 2024
Adopted
Amended
Account
Description
Actual
Actual
Budget
Projected
Budget
Budget
Taxes
89-000-40-00-4000
PROPERTY TAXES
$ 78,764
$ 97,574
$ 146,000
$ 145,465
$ 149,102
$ 149,102
Total: Taxes
$ 78,764
S 97,574
S 146,D00
S 145,465
S 149,102
S 149,102
Total: DOWNTOWN TIF II REVENUE
$ 78,764
S 97,574
$ 146,000
$ 145,465
S 149,102
S 149,102
K
United City of Yorkville
Downtown TIF H Fund
890
DOWNTOWN TIF
11 FUND EXPENDITURES
FY2024
FY 2025
FY2025
FY 2022
FY 2023
Adopted
FY 2024
Adopted
Aiueavled
Account
Description
Actual
Actual
Budget
Projected
Budget
Budget
Contractual Services
89-890-54-00-5425
TIF INCENTIVE PAYOUT
$
36,805
S 1,808
$ 8,000
$ 8,000
$
14,000
S 14,000
89-890-54-00-5462
PROFESSIONAL SERVICES
716
1,563
3,000
1,000
3,000
3,000
Total: Contractual Services
S
37,521
S 3,371
S 11,000
S 9,000
S
17,000
S 17,000
Capital Outlay
89-890-60-00-6000
PROJECT COSTS
$
-
$ -
$ -
$ -
$
5,000
$ 5,000
Total: Capital Outlay
$
$
$ -
$
$
5,000
$ 51000
Debt Service - FS Property
89-890-94-00-8000
PRINCIPAL PAYMENT
$
Total: Debt Service
S
-
$ -
S -
$ -
$
-
$ 150,000
Total: DOWNTOWN TIF I1 EXPENDITURE'. S
37,521
S 3,371
S 11,000
S 91000
S
22,000
$ 172,000
3