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Responsible

Resilient Safe

Budget Overview

TheBuffaloGrove2021Budgetisdesignedtoprovideresidentsandother interestedpartieswithaneasytonavigateformatthatclearlyexplainshow theVillageallocatesitsresources.EachprogramstrivestomakeBGmore responsible,resilient,orsafe.Everyprogramconsistsofmajorservicesthe Villageprovidesforitsresidentsandthebusinesscommunity.Thebudget documentisthereforeorganizedbyareas,programs,andmajorservices.The grayboxesonthefollowingpagesprovideanoverviewofeacharea.

Each program provides oversight over the services that are provided either directly to the community or indirectly as an internal support function. How resources are allocated within the annual budget provides the reader insight as to what the strategic priorities are and what services are valued by Village stakeholders. The FY 2020 Budget supports 18 programs that deliver 47 services.

Each year, the Village determines its level of service, strategic goals and expectations and staffing levels based upon the demand for services, anticipated revenues, and progress toward long-term operational and capital developmentgoals.

The Village Clerk's office maintains all of the Villageʼs official records, meeting minutes, documents as well as a range of services including business and liquor licensing,voterregistrationandmunicipalcodeupdates areprovideddaily.

A Closer Look at BG

TheVillageʼsnetpositionincreasedby$13.8million(or22.7percent)duringthe fiscal year ending December 31, 2020. The governmental net position increased by $6.9 million (56.1 percent) and the business-type activities net position increasedby$6.9million(14.2percent).

Equalized assessed valuation increased by $127.8 million or 7.6 percent to $1.82billionfor the 2019 levy year. The increase is due primarily to the triennial andquadrennialassessmentsinCookandLakeCountiesaswellasnewproperty anddevelopmentexperiencedduringtheyear.

$115,951

43,212

BGis...

Responsible BGiscommittedto beingprudent stewardsofthepublic dollar. Toachievethis commitmentthe villagetakesthe followingactions:

Did you know?

Open BG provides a landing page with direct access to the villageʼs financial, historical, and contractual data. Anyone can use this data to participate in and improvegovernment.Checkitoutatvbg.org/openbg!

Where Your Property Tax Dollars Go

Innovating the administrative, personnel, and legislative functions

Managing the village's finances, pensions funds and debt service

Overseeing the strategic use of information technology resources

BGis...

Resilient

BGstrivestoprovide andmaintainthe highestquality infrastructure.

Toachievethis commitmentthevillage takesthefollowing actions: