Village of Orland Park Budget in Brief FY 2023

MAJOR REVENUE SOURCES

GENERAL FUND EXPENSES

MAJOR REVENUE SOURCES SALES TAXES

GENERAL FUND EXPENSES

INCOME TAXES Income tax is state shared revenue that is distributed on a per capita basis through the Local Government Distributive Fund. The results of the 2010 census indicated that the Village’s population was 56,767. The income tax calculation for fiscal 2022 includes recently released 2020 Census data, which revealed a Village population of 58,703. 2023 revenue will increase due to higher per capital revenue estimates which have been estimated by the Illinois Municipal League. WATER, SEWER, STORM WATER REVENUE A comprehensive water, sewer, and storm rate study was completed in FY2022. As part of this study, water, sewer and storm sewer rates were recommended for the next five fiscal years. Budgeted revenues, based on the recommended rates, are sufficient to cover the budgeted operating and capital expenditures in FY2023.

Purchased Services include insurance premiums and outside expertise, such as legal services, outsourcing, cleaning services, special event entertainment and consulting services. These services make up 11.2% of the General Fund. A majority of capital spending occurs in other funds because they are funded by other revenue sources.

The Village is primarily a service organization, so it is no surprise that the majority of our main operating fund goes towards employee salaries and benefits. These employees provide a wide variety of services, including police protection, street, parkland and parkway maintenance, snow plowing, administrative services, building permits and inspections, among others. Another large category includes supplies and other operating costs. Supplies include printing, non-capital IT hardware and software, road salt, fuel for vehicles, and maintenance activities for Village parks and facilities. These expenses make up 7.8% of General Fund spending.

The Village’s sales tax revenue consists of a 1% sales tax received from the State of Illinois, as well as a .75% sales tax imposed through the Village’s home rule status. In 2022, sales activity has been very strong, plus the addition of destination based sales tax. Previously, online merchants without a location in the Village did not report sales tax that was credited to the Village. Starting in 2021, the Marketplace Fairness Act required destination based sales tax for online merchants, so online retailers remit sales tax on the same basis as bricks and mortar retail establishments. PROPERTY TAXES The Village levies property taxes for the purposes of general corporate, Recreation & Parks, IMRF, FICA and police pension, as well as to fund a portion of debt service payments due on the Village’s outstanding general obligation debt. The Village has kept its levy flat for nine tax years, but reduced the levy by 3.03% for 2021. For 2023, the levy will increase by 4.5% in order to capture new growth and development that is being added to property tax rolls.

PROFESSIONAL SERVICES

INSURANCE

CAPITAL OUTLAY

PERSONNEL SERVICES

EXPENDITURES

SUPPLIES

PERSONNEL SERVICES

$27,186,316

37.2%

INTERGOVERNEMENTAL TRANSFERS

$11,669,893 $12,847,382

17.6%

PURCHASED SERVICES

EMPLOYEE BENEFITS

16%

PURCHASED SERVICES

$8,160,802

11.2.%

SUPPLIES

$5,672,691

7.8%

CAPITAL OUTLAY

$3,473,323

4.8%

SALES TAX

PROFESSIONAL SERVICES

$2,745,697

3.8%

ALL OTHER

INSURANCE

$1,360,293

1.9%

EMPLOYEE BENEFITS

2023 TOTAL EXPENDITURES: $70,851,887

100%

REVENUES

INTERGOVERNEMENTAL TRANSFERS

SALES TAX

$43,313,770.00

24.1%

WATER, SEWER, STORM WATER

$33,925,586.00

18.9%

PROPERTY TAX

$16,016,957.00

8.9%

INCOME TAX

$8,815,380.00

4.9%

RECREATION FEES

$6,739,281.00

3.7%

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OTHER TAXES

$3,573,785.00

2.0%

ALL OTHER

$67,359,676.62

37.5%

WATER, SEWER, STORM WATER

OTHER TAXES

Visit orlandpark.org/budget

2023 TOTAL REVENUE: $179,744,435.62

100%

INCOME TAX

RECREATION FEES

PROPERTY TAX

44

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VILLAGE OF ORLAND PARK | FISCAL YEAR 2023 BUDGET IN BRIEF

VILLAGE OF ORLAND PARK | FISCAL YEAR 2023 BUDGET IN BRIEF