Budget Information
Since the Park District's creation, funding for Park District
programs and facilities has become more complex. Today, the Superintendent
of Finance and the Executive Director, with input from staff, develop an
annual budget to be approved by the Board of Park Commissioners each June.
The annual budget represents the amount of the money that the agency
anticipates spending during its upcoming fiscal year, which runs from June
1-May 31 (see Charts 1 & 2).
All of the Vernon Hills Park District's revenue and
expenditures ar e divided into 15 separate funds. There is no co-mingling of
funds. These Park District programs, operations, improvements, expansion and
maintenance projects are funded through a combination of revenue sources
which include property taxes, user fees, bond proceeds, grants, grant
reimbursements, interest, replacement taxes and donations. To
make matters more complicated, only certain funds are eligible to be funded
by tax levy, while other funds must rely on the other sources of revenue.
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Current News and Highlights
Annual Operating Budget for the Fiscal Year ending May 30, 2008
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