O-13-24 Adopting FY 2024-2025 Annual Operating Budget and Capital Improvement Plan (CIP)418 Main Street I Lemont, IL 60439
TO: Village Board Meeting
FROM: Darshana Prakash, Finance
THROUGH: George Schafer, Village Administrator
SUBJECT: An Ordinance Adopting FY 2024-2025 Annual Operating Budget and
Capital Improvement Plan (CIP)
DATE: April 8, 2024
SUMMARY/BACKGROUND
Attached for the Village Board's consideration is an Ordinance adopting the FY 2024-2025
Annual Operating Budget. Staff began the budget process in November 2023. Over the last
several months, staff met to discuss budget proposals.
The budget process included the following:
• November - December: Development of 5 Year CIP and Operating Budget
• February -March:
• Presentation of CIP and Annual Operating Budget
• Budget Available for Public Review; 1st Public Hearing notice in Daily Southtown
• Adoption of the FY25 CIP (R-12-24)
• Budget Available for Public Review; 2nd Public Hearing notice in Daily Southtown
The budget presented includes continued investment in the Village's infrastructure, including
several grant funded projects. Staff continues to work with other agencies on projects as well
as seeking and procuring grant funding for projects that benefit the Village as a whole.
After passage of the Ordinance, staff will file the Budget with the three counties and apply for
the GFOA budget award.
ANALYSIS
Consistency with Village Policy
Budget (if applicable)
STAFF RECOMMENDATION
Pass the Ordinance Adopting the FY 2024-2025 Annual Operating Budget and Capital
Improvement Plan
BOARD ACTION REQUESTED
Pass the Ordinance Adopting the FY 2024-2025 Annual Operating Budget and Capital
Improvement Plan
ATTACHMENTS
FY25 Budget Ordinance.pdf
FY25 Annual Operating & CIP Budget Exhibit A.pdf
VILLAGE OF LEMONT
ORDINANCE NO. 043"Z-q
AN ORDINANCE ADOPTING THE FY 2024-2025 ANNUAL OPERATING AND
CAPITAL IMPROVEMENT BUDGET FOR THE VILLAGE OF LEMONT
Adopted by the President
and Board of Trustees
of the Village of Lemont
This 8th Day of April, 2024
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village
of Lemont, Cook, DuPage, and Will
Counties, Illinois this 8th day of
April, 2024.
ORDINANCE NO. 0 " 13 ^Zq
AN ORDINANCE ADOPTING THE FY 2024-2025 OPERATING AND CAPITAL
IMPROVEMENT BUDGET FOR THE VILLAGE OF LEMONT
WHEREAS, the Village of Lemont has formulated and reviewed projected revenue and
expenditures anticipated for the Fiscal Year beginning May 1, 2024 and ending April 30, 2025;
and,
WHEREAS, following meeting with Department Heads, Finance Committee,
Committee of the Whole and two Public Hearings on March 111" and April 8`h. The budget
process has concluded with a final Budget document attached as Exhibit A.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, DUPAGE, AND
WILL COUNTIES, ILLINOIS, that the Operating and Capital Improvement Budget for the
fiscal year commencing on May 1, 2024 is hereby adopted.
SECTION 1: That the Village Clerk of the Village of Lemont be and is directed hereby
to publish this Ordinance in pamphlet form, pursuant to the Statutes of the State of Illinois, made
and provided.
SECTION 2: Should any Section or provision of this Ordinance be declared by a Court
of competent jurisdiction to be invalid, such decision shall not affect the validity of the
Ordinance as a whole or any part thereof other than the part thereof other than the part declared
to be invalid.
SECTION 3: This Ordinance shall be in full force and effect from and after its passage,
approval and publication provided by law.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, DUPAGE AND WILL,
ILLINOIS, ON THIS 8tn DAY OF APRIL, 2024.
AYES
Janelle Kittridge
Dave Maher
Ken McClafferty
Kevin Shaughnessy
Rick Sniegowski
Ron Stapleton
Attest:
NAYS ABSENT ABSTAIN
JOHN EGOFSKE, Village President
CHARLENE M. SMO LEN, Village Clerk
G�OFIF
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