Proposed Glen Ellyn budget includes $1.6M shortfall
GLEN ELLYN – The proposed fiscal year 2013-14 budget for the village of Glen Ellyn includes about $46.6 million in revenues and $48.1 million in expenditures, giving the budget about a $1.6 million shortfall.
Revenues decreased by 1.2 percent from last year, and expenditures decreased by 10.3 percent. The decrease in expenditures is primarily due to the lack of certain capital projects, such as the Hawthorne Boulevard construction, that took place the previous year, finance director Kevin Wachtel said.
Operating funds comprise about 80 percent of the revenues and 76 percent of the expenditures, while the remaining amounts are part of capital funds. Although the proposed operating budget sees a $1 million surplus, the capital budget includes a $2.6 million shortfall.
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