(630) 620-7322 | www.lombardparks.com
Investment Interest
Investment Interest is 5.5% of the budgeted 2015 revenues. Currently, most funds are down in interest income due to paying
of investment fees upon the purchase of CD's. However, investment income is anticipated to be higher than years past due to
the stabilization of CD rates and slightly higher fund balances.
Fund Actual Budget % of Budget
Corporate
Recreation
Golf Course
Special Rec.
Liability
F.I.C.A.
I.M.R.F.
Capital
Total
$469
($112)
($56)
($8)
($30)
($20)
($28)
$1,175
$453
$3,327
$811
$341
$21
$219
$149
$171
$3,159
$8,198
-114.1%
-113.8%
-116.4%
-136.2%
-113.7%
-113.3%
-116.3%
37.2%
5.5%
Utility Information Actual to Budget
The actual utilities expense is 61.7% of the budgeted 2015 expenditures, which is lower than 2014. Overall, natural gas is down
from last year but NICOR recently changed a meter in the Coach House because they believed it wasn't working properly.
This will result in higher than anticipated natural gas costs at the Coach House. CIMCO, the VOIP phone provider, recently
increased rates, which negatively affecting the telephone costs.
