HomeMy WebLinkAboutOrd 6167 12/16/2014 Authorizing the Levy and Collection of Taxes for Corporate and Municipal Purposes for Fiscal Year 2014 ORDINANCE NO. 6167
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF MOUNT
PROSPECT FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2014 AND ENDING
DECEMBER 31,2014
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 16th day of December, 2014
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 17`" day of December, 2014.
ORDINANCE NO. 6167
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF MOUNT
PROSPECT FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2014 AND ENDING
DECEMBER 31, 2014
NOW, THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the
Village of Mount Prospect, Cook County, Illinois, as follows:
Section 1: That the sum of Twenty-Seven Million Seven Hundred Eleven Thousand Three
Hundred Thirty-One Dollars ($27,711,331), the same being the total amount to be levied of
budget appropriations heretofore made for the corporate and municipal purposes for the
fiscal year beginning January 1, 2014 and ending December 31, 2014 as approved by the
President and Board of Trustees of the Village of Mount Prospect, be and the same is hereby
levied on all taxable property within the Village of Mount Prospect according to the
valuation of said property as is, or shall be assessed or equalized by the State and County
purposes for the current year 2014.
Section 2: The budgetary appropriations having been made by the President and
Board of Trustees of the Village of Mount Prospect were passed and approved by
Ordinance No. 6109 at a meeting hereof regularly convened and held in said Village of
Mount Prospect, Illinois, on the 17`h day of December, 2013, and amended by Ordinance
No. 6130 passed and approved on the 181h day of March, 2014 and thereafter duly
published according to law, the various objects and purposes for said budgetary
appropriations are heretofore made and set forth under the column entitled "Amount
Budgeted", and the specific amount herein levied for each object and purpose is set forth
under the column entitled "Amount Levied", in Articles I through V.
I
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2014 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE I -GENERAL FUND
10 Public Representation
Personal Services 171,291 0
Employee Benefits 57,059 0
Other Employee Costs 1,989 0
Contractual Services 325,450 0
Utilities 423 0
Commodities& Supplies 63,109 0
Other Expenditures 7,000 0
Total Mayor and Board of Trustees 626,321 0
20 Village Administration
Personal Services 1,197,605 0
Employee Benefits 590,547 0
Other Employee Costs 33,942 0
Contractual Services 1,151,322 0
Utilities 11,324 0
Commodities&Supplies 17,618 0
Office Equipment 20,400 0
Other Equipment 11,200 0
Total Village Administration 3,033,958 0
30 Finance Department
Personal Services 824,236 0
Employee Benefits 378,873 0
Other Employee Costs 9,750 0
Contractual Services 236,733 0
Utilities 4,835 0
Insurance 350,519 0
Commodities&Supplies 41,428 0
Office Equipment 0 0
Total Finance Department 1,846,374 0
40 Community Development Department
Personal Services 1,186,624 0
Employee Benefits 550,131 0
Other Employee Costs 26,253 0
Contractual Services 531,137 0
Utilities 19,436 0
Commodities&Supplies 19,351 0
Office Equipment 0 0
Total Community Development Department 2,332,932 0
2
VILLAGE OF MOUNT PROSPECT,ILLINOIS
2014 TAX LEVY
Amount Amount
Budgeted Levied
50 Human Services Department
Personal Services 667,204 0
Employee Benefits 289,905 0
Other Employee Costs 4,320 0
Contractual Services 102,811 0
Utilities 10,917 0
Commodities&Supplies 11,579 0
Building Improvements 0 0
Office Equipment 100 0
Total Human Services Department 1,086,836 0
60 Police Department
Personal Services 9,520,543 4,933,773
Employee Benefits 5,192,357 0
Other Employee Costs 160,694 0
Contractual Services 1,462,149 0
Utilities 31,265 0
Commodities&Supplies 122,193 0
Office Equipment 27,200 0
Other Equipment 18,850 0
Total Police Department 16,535,251 4,933,773
70 Fire Department
Personal Services 7,463,268 4,933,773
Employee Benefits 4,072,016 0
Other Employee Costs 136,497 0
Contractual Services 1,037,204 0
Commodities& Supplies 32,385 0
Utilities 46,777 0
Building Improvements 10,000 0
Office Equipment 250 0
Other Equipment 81,390 0
Total Fire Department 12,879,787 4,933,773
3
VILLAGE OF MOUNT PROSPECT,ILLINOIS
2014 TAX LEVY
Amount Amount
Budgeted Levied
80 Public Works
Personal Services 2,888,973 0
Employee Benefits 1,213,426 0
Other Employee Costs 35,885 0
Contractual Services 2,245,801 0
Utilities 151,697 0
Commodities&Supplies 312,900 0
Other Expenditures 4,080 0
Office Equipment 1,780 0
Other Equipment 62,320 0
Infrastructure 604,092 0
Total Public Works Department 7,520,954 0
89 Emergency Events
Personal Services 0 0
Employee Benefits 0 0
Contractual Services 52,500 0
Commodities&Supplies 54,500 0
Total Emergency Events 107,000 0
00 Retiree Pensions
Pension Benefits 46,301 0
Total Retiree Pensions 46,301 0
TOTAL BUDGET FOR GENERAL FUND 46,015,714
AMOUNT TO BE RAISED BY TAX LEVY 9,867,546
ADD 2%FOR LOSS&COST OF COLLECTION 197,351
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR GENERAL FUND 10,064,897
4
VILLAGE OF MOUNT PROSPECT,ILLINOIS
2014 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE II-DEBT SERVICE FUND
00 Debt Service
00 00 510 G.O.Bonds-Series 2009
Bond Principal 0 0
Interest Expense 417,262 417,262
Bank and Fiscal Fees 428 0
Total G.O.Bonds-Series 2009 417,690 417,262
00 00 511 G.O. Bonds-Series 2009B
Bond Principal 305,000 305,000
Interest Expense 78,350 78,350
Bank and Fiscal Fees 428 0
Total G.O.Bonds-Series 2009B 383,778 383,350
00 00 512 G.O.Bonds-Series 2009C
Bond Principal 40,000 40,000
Interest Expense 134,272 91,506
Bank and Fiscal Fees 428 0
Total G.O.Bonds-Series 2009C 174,700 131,506
00 00 514 G.O.Bonds-Series 2011B
Bond Principal 680,000 680,000
Interest Expense 109,746 109,746
Bank and Fiscal Fees 0 0
Total G.O.Bonds-Series 2011 B 789,746 789,746
00 00 515 G.O.Bonds- Series 2012
Bond Principal 0 0
Interest Expense 54,096 54,095
Bank and Fiscal Fees 0 0
Total G.O. Bonds-Series 2012 54,096 54,095
00 00 516 G.O. Bonds Series 2013
Bond Principal 0 0
Interest Expense 369,956 0
Bank and Fiscal Fees 428 0
Total G.O.Bonds-Series 2012 370,384 0
00 00 517 G.O.Bonds-Series 2014
Bond Principal 290,000 290,000
Interest Expense 179,250 179,250
Bank and Fiscal Fees 600 0
Total G.O.Bonds-Series 2012 469,850 469,250
5
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2014 TAX LEVY
Amount Amount
Budgeted Levied
00 00 650 IEPA Loans
Loan Principal 178,913 0
Loan Expense 18,345 0
Bank and Fiscal Fees 0 0
Total IEPA Loans 197,258 0
00 00 659 Flood Installment Loan
Loan Principal 400,000 0
Loan Expense 21,294 0
Total IEPA Loans 421,294 0
TOTAL BUDGET FOR DEBT SERVICE FUND 3,278,796
AMOUNT TO BE RAISED BY TAX LEVY 2,245,209
ADD 2%FOR LOSS&COST OF COLLECTION 44,904
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
DEBT SERVICE FUND 2,290,113
ARTICLE III-POLICE PENSION FUND
00 Police Pensions
Pension Benefits 3,937,366 2,826,325
Contractual Services 135,350 0
Insurance 15,000 0
Commodities& Supplies 100 0
Other Expenditures 12,000 0
Total Police Pensions 4,099,816 2,826,325
TOTAL BUDGET FOR POLICE PENSION FUND 4,099,816
AMOUNT TO BE RAISED BY TAX LEVY 2,826,325
ADD 2%FOR LOSS&COST OF COLLECTION 56,527
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PENSION FUND 2,882,852
6
VILLAGE OF MOUNT PROSPECT,ILLINOIS
2014 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE IV-FIREFIGHTERS' PENSION FUND
00 Fire Pensions
Pension Benefits 4,021,161 2,444,175
Contractual Services 124,600 0
Insurance 15,000 0
Commodities&Supplies 1,000 0
Other Expenditures 12,000 0
Total Firefighters'Pensions 4,173,761 2,444,175
TOTAL BUDGET FOR FIREFIGHTERS'PENSION FUND 4,173,761
AMOUNT TO BE RAISED BY TAX LEVY 2,444,175
ADD 2%FOR LOSS&COST OF COLLECTION 48,884
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
FIREFIGHTERS'PENSION FUND 2,493,059
ARTICLE V-MOUNT PROSPECT LIBRARY FUND
90 Mount Prospect Library
Component Unit Expenditures 8,838,800 8,759,220
Bond Principal 1,155,000 1,155,000
Interest Expense 413,856 413,856
Total Library Services 10,407,656 10,328,076
TOTAL BUDGET FOR MOUNT PROSPECT LIBRARY FUND 10,407,656
AMOUNT TO BE RAISED BY TAX LEVY-Component Unit Expenditures 8,759,220
AMOUNT TO BE RAISED BY TAX LEVY-Bond Principal and Interest 1,568,856
ADD 2%FOR LOSS&COST OF COLLECTION 206,561
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
MOUNT PROSPECT LIBRARY FUND 10,534,637
7
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2014 TAX LEVY SUMMARY
Amount Total
to be Raised Amount Tax Levy
Amount by for Loss Incl. Loss
Article Fund Budgeted Tax Levy and Cost and Cost
I General $ 46,015,714 9,867,546 197,351 10,064,897
II Debt Service 3,278,796 2,245,209 44,904 2,290,113
III Police Pension Fund 4,099,816 2,826,325 56,527 2,882,852
IV Firefighters' Pension Fund 4,173,761 2,444,175 48,884 2,493,059
Village Totals 57,568,087 17,383,255 347,666 17,730,921
V Mount Prospect Library
Library Services 8,838,800 8,759,220 175,184 8,934,404
Library Debt Service 1,568,856 1,568,856 31,377 1,600,233
Library Totals 10,407,656 10,328,076 206,561 10,534,637
Village and Library Totals $ 67,975,743 27,71 1,331 554,227 28,265,558
8
Section 3: The sum of $365,000 is budgeted to be received from personal property
replacement tax revenue during the fiscal year commencing January 1, 2014 and ending
December 31, 2014 and has been included herein as funds to be derived from sources other
than property taxes for general obligation bonds and interest, pensions, library services and
general corporate purposes.
Section 4: That the County Clerk is directed to add 2% to the requested tax levy as a
provision for loss and cost.
Section 5: That the Village Clerk of the Village of Mount Prospect is hereby directed to
certify a copy of this Ordinance and is hereby authorized and directed to file a copy of the
same with the County Clerk of Cook County, Illinois, within the time specified by law.
Section 6: That, if any part or parts of this Ordinance shall be held to be unconstitutional
or otherwise invalid, such constitutionality or invalidity, shall not affect the validity of the
remaining parts of this Ordinance. The President and Board of Trustees of the Village of
Mount Prospect hereby declares that they would have passed the remaining parts of the
Ordinance of they had known that such parts or parts thereof would be declared
unconstitutional or otherwise invalid.
Section 7: That this Ordinance shall be in full force and effect from and after its passage,
approval, publication in pamphlet form and recording, as provided by law.
AYES: Korn, Polit, Rogers, Zadel
NAYS: Hoefert, Matuszak
ABSENT: None
ABSTAIN: None
PASSED and APPROVED this 16th day of December, 2014.
(
Arlene A. Jurac " , Mayor
ATTEST:
M. isa Angell, Vil ge Clerk
9