On Wednesday, November 21, 2007 the Village of River Hills Village Board will meet at the Village Hall at
7:00 P.M. for the purpose of hearing any citizen or taxpayer on the proposed Village Budget for 2008.  A summary						10/18/2007
of the proposed budget is published herewith, and a copy of the complete budget is open to public inspection in the
office of the Village Clerk at the Village Hall, 7650 N. Pheasant Lane.      /s/ Carolyn Toms-Neary, Clerk/Treasurer
	2006	2007	2007	2007	2008	difference
EXPENDITURES:	ACTUAL	BUDGET	9 months	EST. TOTAL	BUDGET
General Government	579,869	566,143	431,003	566,143	588,847	4.01%
Public Safety	1,690,382	1,708,267	1,238,562	1,708,267	1,778,511	4.11%
Public Works	476,695	488,671	388,838	488,671	498,680	2.05%
Health, Conservation & Sanitation	168,392	176,223	108,672	176,223	192,012	8.96%
Debt Service	665,321	700,878	407,361	700,878	676,427	-3.49%
Contingencies	33,265	108,000	6,752	108,000	72,700	-32.69%
Total Expenditures	3,613,924	3,748,182	2,581,188	3,748,182	3,807,177	1.57%
			2007-2008 increase excluding debt service:			2.74%
REVENUES:
Revenues from Taxes	2,673,269	2,724,743	2,790,295	2,724,743	2,787,121	2.29%
Intergovernmental Revenue	358,311	339,922	246,964	339,922	326,574	-3.93%
Licenses, Fees & Permits	219,897	214,392	156,249	145,940	258,482	20.57%
Fines & Penalties	82,107	100,000	63,747	100,000	100,000	0.00%
Public Charges for Services	0	0	0	0	0
Miscellaneous Revenue	401,712	369,125	115,267	369,125	134,000	-63.70%
Proceeds from Loan	0	0	0	0	0
Fund Balance Transfer	0	0	0	0	201,000	100.00%
Total Revenues	3,735,296	3,748,182	3,372,522	3,679,730	3,807,177	1.57%
CAPITAL PROJECTS FUND:
REVENUES:
Property Taxes		0	0	0	0
Proceeds from Loan		409,293	0	409,293	530,128	29.52%
Total Revenues		409,293	409,293	409,293	530,128	29.52%
EXPENDITURES:
Fire Department		25,000	12,500	25,000	16,362	-34.55%
Police Department		70,293	22,149	70,293	63,766	-9.29%
Department of Public Works		192,000	60,765	192,000	249,000	29.69%
Sewer Fund		110,000	15,714	110,000	189,000	71.82%
Central Services		10,000	10,000	10,000	10,000	0.00%
MADACC		2,000	1,000	2,000	2,000	0.00%
Total Expenditures		409,293			530,128	29.52%
SPECIAL REVENUE FUNDS:
REVENUES:
User Fees		87,442			89,944	3%
Property Taxes		62,522	62,522		60,920	-3%
Total Revenues		149,964			150,864	1%
EXPENDITURES:
Sewer Fund - MMSD		87,442	49,171	87,442	89,944	3%
Deer Control		61,976	23,823	61,976	60,084	-3%
Gypsy Moth Suppression		546	0	0	836	53%
Total Expenditures		149,964	72,994	149,418	150,864	1%
FUND BALANCES, Beginning of year		438,602			614,028	40.00%
FUND BALANCES, end of year		640,646
COMBINED SUMMARY - ALL FUNDS		2007			2008
TOTAL REVENUES AND TRANSFERS		4,307,439			4,488,169	4.1958%
TOTAL EXPENDITURES AND TRANSFERS		4,307,439			4,488,169	4.1958%
VILLAGE TAX LEVY		2007			2008
		2,761,145			2,788,541	0.992%
Village Tax Rate		$6.08/$1,000			$5.99/$1,000
Percent Change		6.08			5.99	-1.5%