City of Lake Forest Annual Budget Fiscal Year 2022 Table of Contents
Total Page：16
File Type：pdf, Size：1020Kb
LAKE FOREST, ILLINOIS ANNUAL BUDGET FISCAL YEAR 2022 (MAY 1, 2021 TO APRIL 30, 2022) Strategic Plan Priority Goal Areas Fiscal Stewardship As an Aaa Bond-rated community, the City of Lake Forest is financially sustainable, efficient, community-oriented and values its employees. Business & Economic Vitality The City recognizes the importance of economic health in the community, promoting innovation, competitiveness and entrepreneurship. Housing Diversity & Residential Development The City has a balanced approach to quality development and adaptive reuse that supports a strong and diverse community with ever-changing needs. Community Character, Safety & Health The City of Lake Forest is a community that supports and enhances the well-being, success and achievement of residents, businesses, employees and visitors. Environmental Sustainability, Leisure & Recreation Lake Forest respects, protects and enhances the health of its citizens and the quality of its natural environment. Multi-Modal Transportation & Infrastructure A multi-modal transportation network that supports sustainable land use and provides internal mobility and regional connectivity for Lake Foresters. THE CITY OF LAKE FOREST ANNUAL BUDGET FISCAL YEAR 2022 TABLE OF CONTENTS Budget Message................................................................................................................ 5 FY2022 CITY COUNCIL FISCAL POLICY .......................................................................................................................... 18 STRATEGIC PLAN UPDATE ............................................................................................................................................ 27 ORGANIZATIONAL PERFORMANCE MEASURES ........................................................................................................... 31 GFOA DISTINGUISHED BUDGET PRESENTATION AWARD ............................................................................................ 35 Summaries CITY ORGANIZATION CHART ........................................................................................................................................ 36 CITY PROFILE ................................................................................................................................................................ 37 BUDGET PROCESS ........................................................................................................................................................ 38 FUND STRUCTURE AND BASIS OF BUDGETING ........................................................................................................... 40 CITY BUDGET OVERVIEW ............................................................................................................................................. 43 FIVE YEAR FORECASTING ............................................................................................................................................. 48 CAPITAL BUDGET ......................................................................................................................................................... 57 REVENUES .................................................................................................................................................................... 65 Operating Budget Each section includes narratives, organization chart, budget summary and detail by budget classification LEGISLATIVE/ADMINISTRATIVE OFFICE OF THE CITY MANAGER ..................................................................................................................... 80 FINANCE ........................................................................................................................................................ 85 INNOVATION AND TECHNOLOGY .................................................................................................................. 90 HUMAN RESOURCES ..................................................................................................................................... 95 COMMUNITY DEVELOPMENT .................................................................................................................................... 100 PUBLIC WORKS .......................................................................................................................................................... 105 PUBLIC SAFETY FIRE .............................................................................................................................................................. 118 POLICE ......................................................................................................................................................... 123 PARKS AND RECREATION ........................................................................................................................................... 128 PARKS, RECREATION AND FORESTRY .......................................................................................................... 133 GOLF COURSE .............................................................................................................................................. 137 CEMETERY ................................................................................................................................................... 138 CROYA.......................................................................................................................................................... 139 DICKINSON HALL ......................................................................................................................................... 142 Personnel BUDGETED POSITIONS ............................................................................................................................................... 144 PAY PLAN FY2022 ...................................................................................................................................................... 146 2021 CORE/ELECTIVE SERVICE ANALYSIS .................................................................................................................. 151 PAYROLL FORECAST – GENERAL FUND ...................................................................................................................... 161 Appendix DEBT INFORMATION .................................................................................................................................................. 162 STATISTICAL AND SUPPLEMENTAL DATA .................................................................................................................. 164 BUDGET ACRONYMS .................................................................................................................................................. 169 BUDGET GLOSSARY .................................................................................................................................................... 172 INDEX ......................................................................................................................................................................... 175 THE HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL MAY 1, 2021 Introduction It is my pleasure to submit the Fiscal Year 2022 (FY22) budget for your review and consideration. The FY22 budget is balanced, with all operating expenditures covered by current revenues, and capital expenditures financed by current revenues and reserves in excess of the City Council’s Fiscal Policy. Importantly, the FY22 budget maintains the high level of services the community has come to expect while proactively addressing the City’s long-term financial challenges, including accelerated infrastructure investment and further enhancement of public safety pension funding. These strategic initiatives will reduce long-term liabilities, benefiting the City of Lake Forest for years to come. All operating expenditures in the budget are aligned with available revenues and are developed consistent with the City Council’s Fiscal Policy, legislative directives, and our target-based budgeting process. In addition, capital investments are precisely targeted in the most needed areas following a comprehensive and objective analysis of the City’s assets. Finally, the City continues to maintain strong fund balance levels as an important tool to mitigate future risks. Needless to say, FY21 was a year unlike any we have experienced in modern memory. The COVID-19 pandemic impacted our organization in unprecedented ways, both financially and in how we deliver services to the community. Although disruption to our local, state and federal economies adversely impacted City revenue collections, the FY21 budget largely managed to outperform projections. While many consumer- driven revenues were down compared to FY20, there were several silver linings in FY21. Spurred by a surging housing market, Real Estate Transfer Tax collections shattered initial forecasts, with building permit fees also exceeding expectations. And the Deerpath Golf Course had a record year, driven by a renewed demand for outdoor activities. While the financial impacts of the pandemic remain present, Lake Forest is uniquely positioned to weather this storm without reducing our ability to provide services to the community or deviating from the City’s long-term priorities and initiatives. This is a testament to current and former staff and elected officials, who have left the City in strong financial