Lombard Park District

The key discussions for this regular board meeting included the approval of the agenda for the February 25, 2020 meeting. Additionally, the board addressed the approval of minutes from a previous Public Hearing Board Meeting held on January 28, 2020, and the minutes from a revised Regular Board Meeting also held on January 28, 2020, which required a correction for the spelling of Commissioner Dave Lemar's name.

The Lombard Park District's budget includes revenues, expenditures, and fund balances from taxes, user fees, interest income, and other sources. The 2013 Proposed Budget includes revenues totaling $8,158,376 and expenditures totaling $8,760,844, resulting in a net income loss due to planned capital project expenditures. The budget prioritizes partnerships, financial policies, and efficiencies, balancing internal needs with community expectations. Key projects include ADA improvements, establishment of a dog park, and playground replacement. The budget provides no new services or staff, maintaining fund balance reserves and ensuring high-quality programs and facilities.

The annual operating budget includes revenues, expenditures, and fund balances for specific funds derived from taxes, user fees, interest income, and other sources. The budget allocates resources to meet resident needs through fiscal management, while addressing tax cap limitations and unfunded mandates. Priorities include maintaining high-quality programs and facilities, excellent customer service, a stable tax rate, asset maintenance, and rewarding staff. Capital improvements focus on ADA accessibility, playground enhancements, parking lot improvements, dog parks, tree removal, and energy equipment upgrades.

The annual operating budget includes revenues, expenditures, and fund balances for specific funds as provided by taxes, user fees, interest income, and other sources. The budget was prepared by balancing internal needs with community expectations and economic conditions, prioritizing partnerships, strong financial policies, and efficiencies. The budget provides no new services, ensures high-quality programs, facilities, and service, and utilizes existing revenue streams to fund services and programs. The major 2017 capital projects are replacing existing equipment to reduce repair costs and the construction of a recreation center.

The 2023 Annual Operating Budget includes discussions on revenues, expenditures, and fund balances for various funds, including the General Corporate Fund, Recreation Fund, Special Recreation Fund, Debt Service Fund, and Capital Projects Fund. Key topics include the tax levy, capital projects, financial policies, and strategic plans. The budget aims to balance community needs with economic conditions, prioritizing partnerships and financial efficiency. It also covers capital improvements, utility budgets, and program fee adjustments, with a focus on maintaining high-quality programs and facilities.