The Village of Lemont operates on a May 1-April 30 budget cycle. The annual budget includes a five year spending plan, multi-year capital improvement program and a multi-year road improvement plan.
Each year, the Department heads and the Finance Committee work hard to prioritize the items that are essential to the operation of the Village, taking into account the Village Board's strategic goals and objectives.
Fiscal Year 2020-21 Proposed Annual Operating Budget and Capital Plan
The public hearing on the FY21 Proposed Annual Operating Budget will be held on March 9th and April 13th. There will be a detailed presentation and discussion on March 16th and April 20th. On April 13, staff reduced revenue and expenditure expectations due to the current financial environment.
Proposed FY2020-21 Annual Operating Budget
2nd draft Proposed FY2020-21 Annual Operating Budget
The proposed capital improvement plan was presented to the Village Board on February 18, 2020. A resolution will be passed on March 23rd.
Proposed FY2021-2025 Capital Improvement Plan
Filing Certificate and Ordinance
Fiscal Year 2019-20 Annual Operating Budget and Capital Plan
The Annual Operating Budget was adopted via Ordinance on April 15th, 2019. Public hearings were held on March 11th and April 8th.
FY 2019-2020 Annual Operating Budget and Capital Improvement Plan
Adopted Budget Ordinance: FY2019-20 Ordinance and filing documents
Adopted Capital Resolution: FY2020-FY24 Capital Improvement Plan
Fiscal Year 2018-19 Village Budget
The Annual Operating Budget was adopted via Ordinance on April 9th, 2018. Public hearings were held on on March 12th and March 26th.
FY2018-2019 Annual Operating Budget and Capital Improvement Plan
Adopted Budget Ordinance: FY19 Annual Operating Budget Ordinance
Adopted Capital Resolution FY19-FY23 Capital Improvement Plan
Previous Year's Village Budgets
FY2017-2018 Annual Operating Budget and Capital Improvement Plan
FY2016-2017 Actual Annual Operating Budget and Capital Improvement Plan
FY 2015-2016 Annual Operating Budget and Capital Improvement Plan
FY 2014-2015 Annual Operating Budget and Capital Improvement Plan
FY 2013-2014 Annual Operating Budget and Capital Improvement Plan
FY 2012-2013 Annual Operating Budget and Capital Improvement Plan
Illinois Public Act 097-0609 (5 ILCS 120-7.3) effective Jan 1, 2012 requires that municipal employers participating in the Illinois Municipal Retirement Fund post employee compensation information. The information may be posted at the employer’s website or at the principal office of the employer. Information on employee total compensation packages equal to or exceeding $150,000 a year must be posted at least six days before approval and employees having total compensation packages that exceed $75,000 per year must be posted within six days of budget approval. At its discretion, in order to be fully transparent, the Village of Lemont is posting the payroll budget for Fiscal Year 2020 on the Village’s website. The budget reflects employees on the payroll and budgeted individual benefit packages based on participation for fiscal year 2020 General wage increase assumptions and benefit increases have been budgeted. These are budgeted estimates.
FY21 PA 97-609 Disclosure
Local Government Distributive Funds Information
Municipalities receive a percentage of the total income tax revenues the state receives for the purpose of providing local government services to its residents. For the Village of Lemont, approximately 20% of its general fund revenues come from this source. In 2011 when the income tax was increased, municipalities did NOT receive the same percentage of this additional revenue. Regardless of the income tax rate going forward, municipalities (including Lemont) are united to ensure that the percentage of revenues going to local governments returns to the original percentage.
The link below gives further information regarding the local government distributive fund and current legislation regarding the fund.
IML Local Government Distributive Fund Fact Sheet