Final village budget pared down, still has shortfall
by Martha Quetsch
ELBURNâ€”Elburn officials approved a new village budget on Monday that has $900,000 less in expenses than last year’s budget. The achievement was possible through months of paring down costs wherever possible, they said.
The budget for the 2010-11 fiscal year, which starts May 1, includes expenses of $5.3 million, compared to budgeted expenses last year totaling $6.2 million.
Expected revenue is about $4.59 million this year, compared to budgeted revenue last year of $4.63 million.
The budget shortfall has occurred in recent years primarily because of a continuing decline in building permit fees (see chart below) due to the depressed housing market.
Among budget cuts that the Village Board made recently include eliminating a secretarial position that paid $42,000 annually. In addition, the village several months ago eliminated a part-time Police Department secretary position and reduced an administrative assistant’s hours.
Village President Dave Anderson said cost cutting will continue, even though the budget has been finalized.
â€œWe’re looking at goals and objectives for all our departments this year to see how we can become even more efficient,â€ Anderson said.
The village will cover its budget shortfall with its reserve fund, which currently totals about $5 million.
Revenue from building permit fees has declined