FY22 Budget in Brief

Comprehensive Fiscal Planning is more than just an annual budget!

Message from the Mayor

It is my pleasure to introduce the Fiscal Year 2022 (FY22) Budget in Brief. All operating expenditures in the budget are aligned with available revenues and are developed consistent with the City Council’s Fiscal Policy, legislative directives, and our target-based budgeting process. In addition, capital investments are precisely targeted in the most needed areas following a comprehensive and objective analysis of the City’s assets. Finally, the City continues to maintain strong fund balance levels as an important tool to mitigate future risks. Needless to say, FY21 was a year unlike any we have experienced in modern memory. The COVID-19 pandemic impacted our organization in unprecedented ways, both financially and in how we deliver services to the community. Over the past year, innovation and ingenuity were more critical than ever, and the lessons we learned from this experience have created a more responsive, efficient and higher-performing organization for the future. The City remains financially healthy, with strong reserves, a Aaa bond rating and a committed Mayor and City Council who are willing to address financial challenges proactively and with a long-term perspective. Our City government is also blessed by our greatest asset, our staff. I cannot emphasize enough my gratitude for those who devote their careers to making Lake Forest a wonderful place to live, work and play.




Sincerely,

Jason Wicha

City Manager

Goals to our Citizenry

The City’s FY2018-FY2022 Strategic Plan sets forth six priority goal areas.

Strategic plan icons appear throughout the City’s Comprehensive Fiscal Plan to denote Strategic Plan initiatives.


TEST

City of Lake Forest: Overview

The City is required to account for revenues and expenses using fund accounting. This ensures that restricted revenues are used for their intended purposes. The City’s Fiscal Year 2022 covers the time period of May 1, 2021 through April 30, 2022. Below is a summary of the City-wide budget.

Total Budgeted - Revenues



Total Budgeted - Expenses



City of Lake Forest: General Fund

The General Fund is the primary operating fund of the City, includes most of the City’s personnel and is used to account for unrestricted revenues.

Total Budgeted - Revenues


The chart above shows the General Fund revenues by type. The City is heavily reliant on property taxes, which accounts for 55.44% of budgeted FY22 Revenue of the General Fund

Total Budgeted - Expenses


The General Fund expenses by type are provided above. City personnel costs account for 73.70% of General Fund expenses. See additional data on personnel later in the report.

General Fund Expenses by Department

City of Lake Forest: Department Breakdown

Use the Windows box below to scroll through our departmental data!

General Fund Historical Trends

How does FY22 General Fund budget compare to prior years?

As part of the annual budget development, the City updates its Five Year CIP. The FY22-26 CIP totals $35.6 million.


The chart below shows FY22 Capital Investments totaling $11,858,732

Special Celebration: CROYA 40th (+1) Anniversary

For 4 decades, CROYA has been the "go-to place" for high school and middle school students to create and participate in youth programs. These activities build self-esteem and provide opportunities for youth to make new friends. From community service projects to leadership training, from musical band jams to work trips, from retreats to weekly youth meetings, CROYA has served thousands of youth in Lake Forest and Lake Bluff. CROYA is open to all 7–12th grade students who either live or go to school in Lake Forest or Lake Bluff.

To Go Beyond the Budget and Numbers - Discover Lake Forest