On the Agenda: Village Board Expected to Approve 2012-13 Budget

A public hearing will be held during the Lemont Village Board meeting Monday night before trustees vote to adopt the village's budget for fiscal year 2012-13.

The board meeting will be held at 7 p.m. in , 418 Main St.

Village administrators have been working on the 2012-13 budget for the past several months. According to meeting documents, the proposed budget includes about $8.3 million in operating expenditures and $8.5 million in expected revenue.

The total budget includes about $21.2 million in revenue and $20.9 million in expenditures, according to the meeting packet.

In his memo to the village board, Village Administrator Ben Wehmeier said "the current economic condition results have begun to stabilize with limited growth."

However, the village is still struggling with delayed payments from the state and a modest decrease in sales tax revenue.

Department heads in recent years have limited spending to basic core functions of the village, Wehmeier said in the memo. A contingency budget plan is being developed to accommodate further reduction in revenue.

Wehmeier noted that significant work was done during fiscal year 2011-12 to improve the village's financial standing. An emphasis was made to further build general fund balances, maintain an additional 10 percent reserve in the working cash fund and review operations of the financial process.

Click here for more on the village's 2012-13 budget.

Also on the agenda

The village board will also discuss Monday an ordinance that holds vandals responsible for the damage they have caused. 

Vandalism is an ongoing problem in the village, according to Lemont Police Chief Kevin Shaughnessy. The ordinance would give the village a tool to recoup costs caused by offenders.

On Friday, Wehmeier told Patch the village hoped to have a couple of new business announcements during Monday's meeting. The village confirmed last week that in the former Sear's location in August.