The Village's Financial Management Plan (FMP) was first developed in 2016. Each year, the Budget Review Committee and Village Board are presented with an annual update, which is the first step of the annual budget process.
Purpose
- The plan has been designed to show the impacts of "all-in" scenarios to provide context for budgeting decisions.
- The plan provides general fund line-item projects.
- The plan provides projects for levied funds (general, street tree, park development, capital and dept service) along with levy limit breakdown.
- The Plan acts as the financing model for the Village's Capital Improvement Plan (CIP).