CITY COUNCIL AGENDA ITEM
ACTION REQUESTED:
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2021 Annual Operating Budget and Capital Improvement Program Workshop #3
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DEPARTMENT: Finance Department
SUBMITTED BY: Rachel Mayer, Finance Director
BOARD/COMMISSION REVIEW:
The 2021 Annual Operating Budget and Capital Improvement Program was discussed by the Financial Advisory Board (FAB) at its most recent meeting on October 27. The FAB supported the cautious approach taken in developing the proposed budget given the ongoing pandemic and requested no additional information at that time.
BACKGROUND:
The 2021 City of Naperville budget is recommended at $507.26 million, an overall increase of 8.8% from the $466.34 million 2020 budget. The overall increase is driven largely by capital expenditures, wages, pensions, and healthcare. The proposed budget continues Naperville’s tradition of providing outstanding services to the community, prepares for a post-pandemic future, and is mindful of ongoing local, regional, and national circumstances determining the pace and impact of recovery.
Throughout the budget creation process, staff remained cognizant of the pandemic’s impacts and sought to provide a comprehensive range of services and programming that does not unduly burden our community’s taxpayers.
This is the final workshop that will discuss the proposed 2021 budget. An ordinance to approve the 2021 Annual Operating Budget will be presented to Council during its December 1 meeting. Prior to approving the budget, the City will conduct a public hearing. Once the budget is approved, Council will be asked to approve the annual property tax levy during the December 15 meeting, which is preceded by a Truth-in-Taxation hearing.
DISCUSSION:
This workshop is a continuation of the discussion from the previous two budget workshops held on October 26 and November 9. At this meeting, Council will hear from the Naperville Public Library and Naper Settlement on their budgets as well as receive an overview of the City’s major funds. Items from the first two workshops where staff is seeking consensus from the Council will also be brought back for further discussion.
The 2021 Annual Operating Budget and Capital Improvement Program can be found online on the City’s Annual Budget Report and Audit webpage and directly at: <https://www.naperville.il.us/globalassets/media/finance-documents/budget-audit-reports/2021proposedbudget.pdf>
Presentation slides for the workshop will be published on Friday, November 20, 2020.
Attached is the 2021 Revenue and Expenditure Summary, as well as follow-up materials from the second budget workshop.
FISCAL IMPACT:
N/A