Loading...
Ordinance 2025-7051"ATE OF ILLINOIS COUNTY OF KENDALL - FILED - SEP 3 0 2025 COUNTY CLERK ' KENDALL COUNTY UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS ORDINANCE NO. 2025-70 AN ORDINANCE AUTHORIZING THE FOURTH AMENDMENT TO THE ANNUAL BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR COMMENCING ON MAY 1, 2025 AND ENDING ON APRIL 30, 2026 Passed by the City Council of the United City of Yorkville, Kendall County, Illinois This 23'd day of September, 2025 Published in pamphlet form by the authority of the Mayor and City Council of the United City of Yorkville, Kendall County, Illinois on September 29, 2025. Ordinance No. 2025-70 AN ORDINANCE AUTHORIZING THE FOURTH AMENDMENT TO THE ANNUAL BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR COMMENCING ON MAY 19 2025 AND ENDING ON APRIL 30, 2026 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. 2025-28 on April 8, 2025 adopting an annual budget for the fiscal year commencing on May 1, 2025 and ending on April 30, 2026; 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 fiend balances in the Downtown TIF fund with respect to the United City of Yorkville's 2025- 2026 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. 2025-70 Page 2 Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this 23' day of September, A.D. 2025. wIT 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�p� m , A.D. 2025, Attest: C T CLERK i MAYOR Ordinance No. 2025-70 Page 3 hedufe A DOWNTOWN TIF FUND Unaudited FY 2026 FY 2026 FY 2023 FY 2024 FY 2025 Adopted Amended Actual Actual Budget Budget Budget Revenue Taxes $ 100,932 $ 121,458 $ 224,315 $ 396,672 $ 396,672 Miscellaneous - - 175,604 - - Total Revenue $ 100,932 S 121,458 $ 399,919 $ 396,672 $ 396,672 Expenditures Contractual Services $ 72,810 $ 77,041 $ 109,957 $ 83,822 $ 83,922 Capital Outlay 3,120 - 34,856 5,000 270,000 Total Expenditures $ 75,930 $ 77,041 $ 144,813 S 88,822 $ 353,822 Surplus (Deficit) $ 25,002 $ 44,417 $ 255,106 $ 307,850 $ 42,850 Ending Fund Balance S 1 614 928 $ 1 570 512 $ 1 31S 406 S 1 008 841 $ 1 272 556 $0 o ($500) N ($1,000) L6 ($1,500) ($2,000) 1 United City of Yorkville Downtown 71F Fund 88 DOWNTOWN T1F FUND REVENUE Account Taxes 88-000-40-00-4000 PROPERTY TAXES Total: Taxes Other Financing Sources 88-000-49-00-4910 SALE OF CAPITAL ASSETS Total: Other Financing Sources Unaudited FY 2026 FY 2026 FY 2023 FY 2024 FY 2025 Adopted Amended Actual Actual Budget Budget Bodga $ 100,932 $ 121,458 $ 224,315 $ 396,672 $ 396,672 $ 100,932 $ 121,458 $ 224,315 S 396,672 $ 396,672 $ - $ - $ 175,604 $ - $ - $ - $ - $ 175,604 $ - S - Total: DOWNTOWN TiF REVENUE $ 100,,932 S 121,458 S 399,919 $ 396,672 $ 396,672 6 United City of Yorkville Downtown TIF Fund 880 DOWNTOWN TIF FUND EXPENDITURES Account Contractual Services 88-880-54-00-5401 ADMINISTRATIVE CI-IARGEBACK 88-88C-54-00-5425 TIF INCENTIVE PAYOUT 88-880-54-00-5462 PROFESSIONAL SERVICES Total: Contractual Services Capital Outlay Unaudited FY 2026 FY 2026 FY 2023 FY 2024 FY 2025 Adopted Amended Actual Actual Budget Budget Radget $ 31,102 $ 32,129 S 32,046 $ 12,258 $ 12,258 37,835 41,812 66,772 69,064 69,064 3,873 3,100 11,139 2,500 2,500 $ 72,810 $ 77,041 $ 109,957 $ 83,822 $ 83,822 88-880-60-00-6000 PROJECT COSTS $ - $ $ 34,956 S 5,000 $ 270,000 88-880-60-00-6079 ROUTE 47 EXPANSION 3,120 - - - Total: Capital Outlay $ 3,120 $ - $ 34,856 S 5,000 S 270,000 Total: DOWNTOWN TIF EXPENDITURES $ 75,930 $ 77,041 $ 144,813 S 88,822 $ 353,822 3