| 08/03/2016 12:14 pm |
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Regist.: 07/25/2016
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 OFFLINE | Capital expenditures are planned expenses (above the operating budget) such as the purchase of new equipment, facilities or inventory. Budgeting for capital expenditures involves setting aside money for a purchase or electing to add debt to your balance sheet for the purchase of the capital asset. Saving money for a future purchase delays the benefits that purchase is intended to provide, and borrowing the money to purchase it now increases your debt, so it might cause a problem for future borrowing ability.
Do the residents and businesses in Tinley Park believe the Village is in a position to spend or tax "extra cash", or worse, borrow for capital expenditures? Are all of the capital "improvement" projects listed in the Tinley Park budget a necessity? We don't believe so. Our Village "leaders" should be most concerned with minimizing the excessive tax burden on citizens.
After evaluating the Five-Year Capital Improvement Plan (as written in the Village of Tinley Park's 2017 Budget), we found some interesting spending "projects" that we question the necessity of...
Here are just a FEW Capital "Improvement"? Questionable Mentions (in order of the report):
- $10,000/year employee team building and $6,000/year employee recognition program
- $50,000 for (2) residents surveys (2019 & 2022)
- $36,000 Village Manager vehicle replacement (2019)
- $108,700 document management over 5 year span
- $24,000 for an IT department vehicle (2021)
- $29,000 for Police Admin. workout equipment (2018 & 2020)
- $19,200 for Police workout room flooring (2018)
- $4.5 MILLION for Fire Station #2 remodel (2018)
- $2 MILLION for Fire Station #3 remodel (2018)
- $23,000 for Fire Station #1 kitchen remodel (2018)
- $99,600 for Fire Dept. Administrative Office remodel (2018)
- $35,000 to Replace 2013 Fire Dept. Explorer Vehicle (2020)
- $100,000 for EMA Garage expansion (2019)
- $72,000 for (2) Street Department Admin. Vehicles (2018)
- $25,000 for Plumbing Inspector Vehicle (2019)
- $100,000 to Relocate Marketing Department (2018)
- $1.5 MILLION for Land Acquisition, Main Street North TIF (2018)
- $3 MILLION for Central Middle School public site improvements, Main Street South TIF (2018)
- $6.13 MILLION for Land Purchase & Partial Demo of TPMHC, State Campus TIF (2018)
Total General Fund "Capital Improvements" over 5 years:
$60,370,871
Total "Capital Requests" over 5 years:
$97,136,616
2018 looks like an expensive year for Village projects... and the start of fiscal year 2017-18 starts for the Village on May 1, 2017.
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Capital "Improvement" Costs
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