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Budget Process
The Village begins the budgeting process in July with its 5 Year Capital Projects Budget. Departments and staff evaluate their current equipment and facilities to determine capital needs during the next 5 years. The Village capital funding policy is to finance projects internally over a 5 year period with 20% funding per year.
In August, Village staff begins preparation of the first draft of the operating budget. This document is prepared and reviewed by department supervisors and management, and presented to the Finance committee and Village Board in late September. It has been the practice of the Finance committee to meet for budget workshops on Thursday evenings beginning in late September or early October to review the draft budget. These meetings are open to the public and usually are from 7:00 PM to 9:00 PM on consecutive Thursdays over a 3-4 week period. A published schedule of what areas of the budget will be discussed each evening is available.
During these meetings, changes are recommended and incorporated into a final document which is then sent to the Village Board for approval. A public hearing is held before the Village Board approves the completed budget. This hearing is usually held at the November Board meeting.
2023 Approved Operating and Capital Budget
2022 Operating and Capital Budget