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Ordinance 2025-59STATE OF ILLINOIS COUNTY OF KENDALL - FILED - AUG 2 9 2025 COUNTY CLERK KENDALL COUNTY UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS ORDINANCE NO.2025-59 AN ORDINANCE AUTHORIZING THE SIXTH 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 26' day of August, 2025 Published in pamphlet form by the authority of the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois on August 29, 2025. Ordinance No. 2025-59 AN ORDINANCE AUTHORIZING THE SIXTH AMENDMENT TO THE ANNUAL BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR COMMENCING ON MAY 19 2024 AND ENDING ON APRIL 3012025 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 funds 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, 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 II fund 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. 2025-59 Page 2 Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this 26"' day of August, A.D. 2025. I Y CLERK KEN KOCH AYE DAN TRANSIER AYE ARDEN JOE PLOCHER AYE CRAIG SOLING AYE CHRIS FUNKHOUSER AYE MATT MAREK AYE RUSTY CORNEILS AYE RUSTY HYETT AYE APPROVED by me, as Mayor of the United City of Yorkville, Kendall County, Illinois this 'day of O Q St , A.D. 2025. Attest: IT CLERK Ordinance No. 2025-59 Page 2 Schedule A I DOWNTOWN TIF II FUND (89) 1 The Downtown TIF II was created in 2018, in order to help promote downtown redevelopment and support the existing Downtown TIF. Unaudited FY 2025 FY 2025 FY 2023 FY 2024 FY 2025 Adopted Amended Actual Actual Actual Budget Budget Revenue Taxes $ 97,574 $ 145,465 $ 215,723 $ 149,102 $ 215,723 Total Revenues $ 97,574 $ 145,465 $ 215,723 $ 149,102 $ 215,723 Other Financing Sources - - 900,000 - 900,000 Total Revenues and Transfers $ 97,574 S 145,465 $ 1,115,723 $ 149,102 $ 1,115,723 Expenditures Contractual Services $ 3,371 $ 16,913 $ 58,079 $ 17,000 $ 58,079 Capital Outlay - - 902,643 5,000 905,000 Debt Service - - 150,000 150,000 150,000 Total Expenditures $ 3,371 S 16,913 $ 1,110,722 $ 172,000 $ 1,113,079 Surplus (Deficit) $ 94,203 $ 129,552 $ 5,001 $ (22,898) $ 2,644 Ending Fund Balance $ 87,577 $ 216,129 $ 221,130 $ 351,144 $ 218,773 $400 $350 Ys $300 co $250 t $200 F- $150 $100 $50 $0 1 United City of Yorkville Downtown TIF II Fund 890 DOWNTOWN TIF II FUND REVENUE Unaudited FY 2025 FY 2025 FY 2023 FY 2024 FY 2025 Adapted Amert&d Account Description kctual Actual Actual Budget Budget Taxes 89-OOC-40-00-4000 PROPERTY TAXES S 97,574 S 145,465 $ 215,723 $ 149,102 $ 215,723 Total: Taxes S 97,574 5 145,465 $ 215,723 $ 149,102 $ 215,723 Other Financing Sources 89-000-49-00-49xx INSTALLMENT CONTRACT PROCEEDS $ - S - $ 900,000 $ - 5 900.000 Total: Other Financing Sources $ - S - S 900,000 $ - S 900,000 Total: DOWNTOWN TIF 11 REVENUE & TRANSFERS S 97,574 $ 145,465 $ 1,115,723 S 149,102 5 [,115,723 I United City of Yorkville Downtown T1F 11 Fund 890 DOWNTOWN TIE II FUND EXPENDITURES Unaudited FY 2025 FY 2025 FY 2023 FY 2024 FY 2025 Adopted Amesded Account Description Actual Actual Actual Budget Contractual Services 89-990-54-00-5425 TIF INCENTIVE PAYOUT $ 1,808 $ 16,172 $ 28,175 $ 14,000 S 28,175 89-890-54-00-5462 PROFESSIONAL SERVICES 1563 741 29,904 3,000 29,904 Total: Contractual Services $ 3,371 $ 16,913 S 58,079 $ 17,000 $ 58,079 Capital Outlay 89-990-60-00-6000 PROJECT COSTS $ $ $ 2,643 $ 5,000 $ 5,000 89-890-60-00-6017 PROPERTY ACQUISITION 900,000 - 900,000 Total: Capital Outlay $ $ S 902,643 $ 51000 S 9051000 Debt Service - FS Property 89-990-94-00-9000 PRINCIPAL PAYMENT $ $ $ 150,000 $ 150,000 $ t50,000 Total: Debt Service $ $ $ 150,000 S 150,000 $ 150,000 Total: DOWNTOWN TiF 11 EXPENDITURE' S 3,371 S 16,913 $ 1,110,722 $ 2,172 0000 $ L113.079 3 Exhibit 1 UNITED CITY OF YORKVILLE, ILLINOIS Notes to the Financial Statements April 30, 2012 NOTE 2 — STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY -- Continued BUDGETARY INFORMATION — Continued The City follows these procedures in establishing the budgetary data reflected in the financial statements: • Prior the May 1, the Mayor submits to the City Council the proposed budget for the fiscal year commencing the following Mayl. The operating budget includes proposed expenditures and the means of financing them. • Public hearings are conducted at the City offices to obtain taxpayer comments. • Prior to May 1, the budget is legally adopted by a vote of the City Council through passage of an ordinance. • The budget officer is authorized to transfer budgeted amounts between departments within any fund; however, any revisions that alter the total expenditures of any fund must be approved by the City Council. EXCESS OF ACTUAL EXPENDITURES OVER BUDGET IN .INDIVIDUAL FUNDS The following funds had an excess of actual expenditures over budget as of the date of this report: Fund Excess Fox Hill Special Service Area $ 860 Land Cash 35,836 Countryside TIF 42 Municipal Building 750 DEFICIT FUND EQUITY The following funds had deficit fund equity as of the date of this report: Fund. Deficit Land Cash $ 294,778 Municipal Building 579,374 Recreation Center 220,001