Lisle Village Board Approves 2021-2022 Budget that Invests in Infrastructure, Maintains High Level of Municipal Services, and Prepares for the Future
The Lisle Village Board has approved the Village’s Fiscal Year 2021-2022 Budget which begins May 1, 2021. The budget provides for a high level of municipal services, invests in Village infrastructure and accounts for financial impacts due to COVID-19, all the while calling for no increase in the Village’s property tax levy. Total revenues included in the budget are $36,642,484, with total expenditures of $38,832,588. The revenue-expenditure variance will be funded by unrestricted operating fund balances derived from prior year budgets.
During the budgeting process, expenses were prioritized to derive the greatest value for Lisle residents and were focused on enabling the organization to continue to adapt to changing community needs. Over the course of the previous year, staff and consultant analysis of long-term needs for maintaining bicycle and pedestrian, water and sewer, and roadway systems took place. For all but roadway systems, which is ongoing and anticipated for later this year, long term plans have been adopted establishing related maintenance and capital needs along with sustainable financing models aimed at funding these needs at the lowest cost.
The budget continues support for the Village’s dedicated workforce and includes an investment in a replacement Enterprise Resource Planning, or ERP, system which will improve internal process efficiencies, financial reporting, customer transactions, and better position the Village for software and service enhancements into the future. Funding intended to foster increased productivity and innovation has also been included.
“I am thankful to my fellow elected officials and our Village staff for working together to develop a budget that continues to provide excellent services to Lisle residents, maintains critical infrastructure, and is forward-looking in supporting the community into the future,” said Mayor Christopher Pecak. “The budget continues the delivery of high-quality municipal services, makes strategic investments in information technology, economic development, and maintains support for public safety.”
Village Manager Eric Ertmoed added, “The Village was able to quickly respond to the impacts of the pandemic and provide support to the Lisle community through the challenges it presented. The Village’s relief programs for businesses most significantly impacted by the pandemic is one of many examples where the Village Board worked diligently to craft solutions that would help. Due to the Village’s standing as a financially resilient and responsible organization, we have been fortunate to be able to accomplish that while continuing momentum in addressing the strategic priorities established by the Village Board.”
Items appearing in the budget also emphasize the Village’s commitment to attracting and facilitating quality economic development as well as efforts to emerge from the COVID-19 pandemic. The expenditure budget also includes $350,000 in funding for the Lisle Economic Development Partnership and $6,420,364 in capital improvement projects. The budget for capital projects is $3,302,564 more than the previous year and reflects an investment in stormwater, roadway and information technology infrastructure. The key projects and initiatives encapsulated by the budget further the fulfillment of the Village’s mission, vision and values.
A new water and sewer rate structure will take place effective May 1, 2021 and will eliminate the minimum water bill, provide greater equity amongst customers, maintain operations, and establish a sustainable financing model to maintain the water system in a responsible manner while keeping costs down for water customers. In addition to properly sustaining the water system, Village of Lisle water rates will remain among the lowest of all DuPage Water Commission communities.
Approved Fiscal Year 2021-2022 Budget,