Fiscal Year 2018 - Annual Budget

City of Carbondale
Financial Overview - Special Revenue Funds

KROGER

Kroger, located at 501 North Giant City Road, is undergoing modifications to their existing parking lot and building. Kroger is performing a major remodel and is adding a leasable tenant space on the southern end of the building, which houses Starbucks Coffee.

SPECIAL REVENUE FUNDS

Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than debt service, expendable trusts, or community investment program funds) that are legally restricted to expenditures for specified purposes.

The Motor Fuel Tax Fund accounts for motor fuel tax allocations from the State of Illinois for street maintenance, major street construction and traffic signal community investment programs as approved by the Illinois Department of Transportation.

There are three Tax Increment Funds which account for financial transactions related to the City's Tax Increment Finance Redevelopment Districts; TIF #1, TIF #2, and TIF #3. Eligible costs include reimbursements to private developers as approved by the City council through redevelopment agreements and public improvements within the project area. Property tax revenues are the major sources of revenue for these funds.

The Package Liquor and Food & Beverage Fund is used to monitor monies generated by the City's 4% Package Liquor Tax and the 2% Food & Beverage Tax. The Package Liquor Tax provides funding for the Capital Improvement Fund. The Food & Beverage Tax provides for the Capital Improvement Program and Public Safety Pension funding.

MOTOR FUEL TAX FUND
Summary Statement of Revenues, Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources
Statement of Expenditures and Other Financing Uses

Division Expenditure Budgets:
Public Works Department


41013 - MFT Operating and Maintenance
41017 - MFT & CIP and Replacement

Division Expenditure Budgets:
General Government


TAX INCREMENT FUND #1
General Government Department

Summary Statement of Revenues Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources

Division Expenditure Budgets:
41401 - Tax Increment Fund

TAX INCREMENT FUND #2
General Government Department

Summary Statement of Revenues Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources

Division Expenditure Budgets:
41501 - Tax Increment Fund

TAX INCREMENT FUND #3
General Government Department

Summary Statement of Revenues Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources

Division Expenditure Budgets:
41601 - Tax Increment Fund

PACKAGE LIQUOR AND FOOD & BEVERAGE TAX
Funding Source Transfer Department

Summary Statement of Revenues Expenditures and Changes in Fund Balance
Statement of Revenues and Other Financing Sources
Statement of Expenditures and Other Financing Uses

Division Expenditure Budgets:
42701 - Transfers to Other Funds
 

Continue on to Debt Service Fund

 
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