Annual Operating Budget for the fiscal year ending May 30, 2008

The budget is based on the following values and beliefs of the Vernon Hills Park District:

      To enhance the quality of life and environment

      To acquire, conserve, and protect natural resources

      To provide leisure opportunities for the benefit of its present and future residents

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 .

All of the Vernon Hills Park District’s revenue and expenditures are 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

The budget document reflects the District's comprehensive financial plan to provide parks, facilities, programs, and leisure services to residents and participants during the upcoming fiscal year.