With the end of the fiscal year approaching later this month, trustees discussed making final amendments to the 2011-12 budget at their meeting Monday night.
"We historically do an amended budget this time of year," said.
The 2011-12 fiscal year officially ends April 30. Trustees will vote on whether to approve the amendments at their April 16 meeting.
The amended budget includes savings the village realized by not filling full-time positions. For example, a savings of $46,486 came from not having a full-time code enforcement position. Additionally, Pena said the village realized an $11,000 savings from projected costs that were never realized.
Perhaps the biggest change in the amended budget is the repayment of $764,000 that was borrowed from the retail fund to pay for operations throughout the year.
"That is unusual," Pena said, of borrowing from the fund to cover operational costs.
Repayment of the money came from several line items in the budget.
The topic of many discussions at the village in recent months, the retail fund collects money from businesses that have satellite offices in Channahon and funnel retail sales through that location.
In August, the against Channahon and Kankakee for benefiting financially from the practice. By September, the . Village President Joe Cook has said that while he is confident the village will prevail in the lawsuits, officials are concerned a change in legislation could negatively effect Channahon.
In FY 2011-12, the village's retail fund collected $18.3 million. Of that, $16.9 million was paid out to cover things including legal expenses. The remaining $1.39 million is earmarked for capital improvement projects.
For FY 2012-13, the projected retail fund revenue is $18.2 million. Of that, $17.1 million is anticipated to be paid out, leaving a balance of $1 million for village use.
The village will vote to approve the amended 2011-12 budget and hold a public hearing on the FY 2012-13 budget at 6 p.m. April 16 at .