Title:
title
Review of the 2026 Fiscal Year Budget
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Introduction
overview
This meeting is the second meeting of the Finance Committee to review the recommended budget for fiscal year 2026. Staff will be presenting their requested budget as follows:
1. Human Resources
2. Information Technology
3. Law
4. Police
5. Village Manager's Office - Sustainability
6. Village Manager's Office - Adjudication
7. Village Manager's Office - Communication
8. Village Manager's Office - DEI
9. Village Manager's Office - Economic Vitality
10. Finance
11. CIP Executive Summary Essential 2027-2030
12. CIP Executive Summary
13. CIP Optional Summaries
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b
Recommended Action
There is no recommended action at this time.
Prior Board Action
There is no prior Board action associated with this specific item.
Background
Payments to vendors are typically processed weekly by the Finance Department. Both the Interim CFO and Village Manager, or designee, review and approve each batch of bills. Payments are subsequently presented to the Village Board for formal approval.
Timing Considerations
There are no timing considerations associated with this item.
Budget Impact
The meetings pertaining to and leading up to the adoption of the FY26 budget will include a review of the major Funds (i.e., General, Parking, Water/Sewer, Health Insurance, and Self-Insured Retention Funds).
The complete 2026 budget and the CIP Document are scheduled to be presented to the Village Board on November 11th for review and formal adoption on December 2nd. Please note that the first budget year (2026) of the five-year capital plan has been incorporated into the operating budget document.
Staffing Impact
Staffing is included within the budget.
DEI Impact
There is no DEI impact associated with this item.
Community Input
There has been no community input given in relation to this item.
Staff Recommendation
There is no staff recommendation needed for this item.
Alternatives
There are ...
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