GF Budget 1Q Financial Summary FY 2013 v FY 2012.docx GENERAL FUND BUDGET 1ST QUARTER FINANCIAL SUMMARY
FY 2013 vs FY 2012
Personnel:
1. Each fiscal year has 26 payrolls; therefore, 2 months will have 3 postings vs. 2.
In FY 2012, the 1 additional posting was in the months of January and July (2nd quarter
and 4th quarter).
In 2013, the 1 additional posting falls in December &June (1st quarter & 3rd quarter).
1 payroll (salaries and benefits) = approximately $600,000.
2. Employees are eligible to be reimbursed for unused vacation time.
These reimbursement requests were processed in the first quarter of this fiscal year.
Total reimbursement including payroll taxes was $54,124.08
3. In FY 2012, ICMA Forfeiture money was used to offset contributions.
Forfeiture money is Village Employer contributions not refunded to non-vested
terminated employees. Total Village-wide credit in FY 2012 = $44,118.48.
4. Health insurance related costs increased overall. Many employees changed health plans.
In some cases, due to changes in family circumstances (from +1 to Family plan).
S. Overtime increased.
Extended employee sick leave related to injuries; additional burglary patrols related to
the pillowcase bandit; and increased departmental workloads.
Operating:
1. Una nticipated/Unbudgeted Expenses
Police $12.50 expense = $24,113.54, paid in 1s' quarter
Employee gift baskets = $14,662.43
Electric utility billing retroactive to October 2009 = $13,212.07 for incorrect meter
allocation at Osborne Park
2. MUNIS software support for Community Development= $8,096.70
New expense in FY 2013; paid in 1s' quarter
Capital:
1. Purchase order for Community Development software was carried over from FY2012.
Expenses are incurred as each module comes online.
Contingency:
1. Purchase order for Veteran's Memorial Park design services carried over from FY2012.