Village Of Campton Hills Treasurer's Report: Budget Vs. Actual Summary For May 31, 2017.pdf

## Village of Campton Hills Treasurer's Report - June 14, 2017

Key Highlights:

Positive Budgetary Position: The village is $181,089.32 (5.14%) above budget for the month ending May 31, 2017.
Strong Revenue Performance: Total income was $380,611, exceeding the budgeted amount of $2,018,843.20 by 13.5%.
Moderate Expense Levels: Total expenses were $199,522, slightly below the budgeted amount of $3,068,073.00 (6.5%).
Pending State Tax Revenue: Two months of income tax revenue and one month of local use tax are expected to be received shortly.

Financial Summary:

Budget vs. Actual: While overall income exceeds budget, individual categories show varying performance. For example, General Fund Income is above budget by 13.5%, while Police Pension Expenses are 124% of the budgeted amount.
Balance Sheet: The village's balance sheet reflects a positive position with a surplus of $348,370.16 (6.56%) compared to last year at this time.
Bank Balances: All bank balances are in line with the balance sheet and appear balanced.
State Tax Revenues: Income tax revenue is two months behind, while local use tax is expected within a week.

Detailed Breakdown:

The report includes detailed breakdowns of income and expenses categorized by fund type (General Fund, MFT Fund, Road & Bridge Fund, Building Reserve Fund) and source (intergovernmental revenues, fines/forfeitures, building permits, etc.).

Key Areas to Note:

Police Pension Expenses: A significant deviation from budget. Investigation into this discrepancy is recommended.
Building Permits: Revenue from building permits exceeds budget by 21.23%. This highlights the growing demand for construction within the village.