HomeMy WebLinkAboutOrd 6171 12/16/2014 Making Certain Amendments to the Annual Budget for Fiscal Year 2014 ORDINANCE NO. 6171
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING 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 17th day of December, 2014.
ORDINANCE NO. 6171
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2014
AND ENDING DECEMBER 31, 2014
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance No. 2342 which sets the finances of the Village under the "Budget
Officer System"; and
WHEREAS, pursuant to the aforesaid Ordinance and the Statutes of the State of Illinois an annual
budget for the fiscal year commencing January 1, 2014 and ending December 31, 2014 was
adopted through the passage of Ordinance No. 6109 approved by the Corporate Authorities of the
Village of Mount Prospect on December 17, 2013; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance No. 6130 on March 18, 2014, amending the annual budget for the fiscal
year commencing January 1, 2014 and ending December 31, 2014; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have further
reviewed certain additions and changes to the aforesaid budget for the fiscal year beginning
January 1, 2014 and ending December 31, 2014; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the
changes, as specified on the attached January 1, 2014 through December 31, 2014 Budget
Amendment No. 2 to be in the best interest of the Village of Mount Prospect; and
WHEREAS, the Village has now revised the revenue projections or has reserves in each of the
Funds in which the budget is being increased adequate in amount to cover the budget changes
reflected in Budget Amendment No. 2, attached hereto.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE
EXERCISE OF THEIR HOME RULE POWERS:
SECTION ONE: That the fiscal year budget for January 1, 2014 through December 31, 2014 for
the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No. 2
attached hereto.
SECTION TWO: That this ordinance shall be in full force and effect from and after its passage,
approval and publication in pamphlet form as provided by law.
AYES: Hoefert, Korn, Matuszak, Polit, Rogers,Zadel
NAYS: None
ABSENT: None
ABSTAIN: None
PASSED and APPROVED this 16th day of December, 2014.
Arlene A. Juracek
Mayor
ATTEST
-/ ` �
M. i a Angell
Village Clerk
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2014 through December 31, 2014
Revenues
Current Amended
Budget Increase Budget
Fund/Account Number Account Description Amount (Decrease) Amount
001 General Fund
001.401.001 ComEd Electric Tax 1,230,000 (66,000) 1,164,000
001.401.003 NICOR Gas Tax 450,000 125,000 575,000
001.401.004 Telecomm. Tax 2,600,000 (500,000) 2,100,000
001.402.007 Real Estate Trsfr Tax 800,000 75,000 875,000
001.415.002 State Income Tax 5,275,000 (90,000) 5,185,000
001.415.004 State Sales Tax 11,360,000 1,911,000 13,271,000
001.473.016 Insurance Reimb - 130,000 130,000
001.484.001 IPBC 640,000 (640,000) -
001.40.43.00.0.000.453.003 Code Enforcement Fines 25,000 55,000 80,000
001.60.00.00.0.000.453.001 Circuit Court Fines 220,000 (60,000) 160,000
001.70.00.00.0.000.449.001 Ambulance Transp Fee 750,000 210,000 960,000
23,350,000 1,150,000 24,500,000
All other General Fund accounts 22,464,066 22,464,066
Total General Fund Fund 45,814,066 1,150,000 46,964,066
020 Capital Improvement Fund
020.477.001 Developer Donations 10,000 131,000 141,000
10,000 131,000 141,000
All other Capital Improvement Fund accounts 1,247,000 1,247,000
Total Capital Improvement Fund Fund 1,257,000 131,000 1,388,000
023 Street Improvement Const Fund
023.453.008 Forfeited Escrow Funds - 118,000 118,000
023.479.005 Miscellaneous Income 6,000 98,000 104,000
023.488.001 Bond Proceeds 6,500,000 (210,000) 6,290,000
023.488.002 Bond Premium - 300,000 300,000
6,506,000 306,000 6,812,000
All other Street Improvement Const Fund accounts 3,102,100 3,102,100
Total Street Improvement Const Fund Fund 9,608,100 306,000 9,914,100
041 Motor Fuel Tax Fund
041.415.003 State Motor Fuel Tax 1,290,000 520,000 1,810,000
1,290,000 520,000 1,810,000
All other Motor Fuel Tax Fund accounts 6,100 6,100
Total Motor Fuel Tax Fund Fund 1,296,100 520,000 1,816,100
043 Asset Seizure Fund
043.60.61.00.0.000.453.013 Seized Assets 2,000 43,000 45,000
2,000 43,000 45,000
All other Asset Seizure Fund accounts 100 100
Total Asset Seizure Fund Fund 2,100 43,000 45,100
044 DEA Share Funds Fund
044.60.61.00.0.000.453.004 DEA Shared Seized Assets 100 25,000 25,100
100 25,000 25,100
All other DEA Share Funds Fund accounts 100 100
Total DEA Share Funds Fund Fund 200 25,000 25,200
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VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2014 through December 31, 2014
Revenues
Current Amended
Budget Increase Budget
Fund/Account Number Account Description Amount (Decrease) Amount
045 DUI Fine Fund
045.60.61.00.0.000.453.005 DUI Fines 20,000 12,000 32,000
20,000 12,000 32,000
All other DUI Fine Fund accounts 100 100
Total DUI Fine Fund Fund 20,100 12,000 32,100
070 Police Pension Fund
070.466.001 Realized G/L-Mgr S 20,000 (20,000) -
070.467.001 Unrealized G/L-Mgr S 100,000 (100,000) -
070.467.003 Unrealized G/L-Mgr M 100,000 (100,000) -
070.468.001 Equity Income 2,200,000 180,000 2,380,000
070.468.002 Dividend Income 264,000 266,000 530,000
2,684,000 226,000 2,910,000
All other Police Pension Fund accounts 4,474,124 4,474,124
Total Police Pension Fund Fund 7,158,124 226,000 7,384,124
071 Fire Pension Fund
071.466.001 Realized G/L-Mgr S 20,000 (20,000) -
071.467.001 Unrealized G/L-Mgr S 100,000 (100,000) -
071.467.005 Unrealized G/L- Mgr G 100,000 (100,000) -
220,000 (220,000) -
AII other Fire Pension Fund accounts 6,024,242 6,024,242
Total Fire Pension Fund Fund 6,244,242 (220,000) 6,024,242
Total Estimated Revenues
Fund being changed 71,400,032 2,193,000 73,593,032
All other Village Budget accounts 37,509,356 - 37,509,356
Total Estimated Revenues After Changes 108,909,388 2,193,000 111,102,388
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VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2014 through December 31, 2014
Expenditures
Current Amended
Budget Increase Budget
Fund/Account Number Account Description Amount (Decrease) Amount
001 General Fund
001.10.11.00.8.400.503.001 Overtime 41,605 15,000 56,605
001.20.21.00.0.050.530.006 Other Prof. Serv. 1,000 12,000 13,000
001.20.21.00.0.050.531.001 Legal-General Counsel 400,000 275,000 675,000
001.30.01.00.0.000.535.001 Ambulance Billing 47,250 30,000 77,250
001.30.01.00.0.000.563.003 Bank Processing Fees 68,340 38,000 106,340
001.30.01.00.0.000.636.027 Arc Annexation - EGFPD - 45,000 45,000
001.30.01.00.0.000.636.030 Tax Rebate Expense - 135,000 135,000
001.50.01.00.0.000.513.003 Retiree Sick Incentive - 19,000 19,000
001.60.01.00.0.000.500.001 Full-Time Earnings 393,291 63,000 456,291
001.60.01.00.0.000.513.003 Retiree Sick Incentive - 155,000 155,000
001.60.61.65.0.000.505.001 Holiday Pay 166,191 64,000 230,191
001.70.01.00.0.000.513.003 Retiree Sick Incentive - 84,000 84,000
001.70.71.00.0.000.503.001 Overtime 351,000 154,000 505,000
001.80.01.00.0.000.513.003 Retiree Sick Incentive - 33,000 33,000
001.80.81.81.0.350.503.001 Overtime 25,000 25,000 50,000
001.80.81.81.0.354.503.001 Overtime 50,000 35,000 85,000
001.80.81.82.0.000.503.001 Overtime 63,300 62,000 125,300
001.80.82.83.0.000.503.001 Overtime 56,000 24,000 80,000
001.89.89.00.8.802.574.020 Other Services 52,500 28,000 80,500
1,715,477 1,296,000 3,011,477
All other General Fund accounts 44,300,237 - 44,300,237
Total General Fund 46,015,714 1,296,000 47,311,714
020 Capital Improvement Fund
020.80.90.00.1.706.651.001 Other Public Buildings 105,200 190,000 295,200
105,200 190,000 295,200
All other Capital Improvement Fund accounts 1,785,647 - 1,785,647
Total Capital Improvement Fund 1,890,847 190,000 2,080,847
023 Street Improvement Const Fund
023.30.01.00.0.000.564.001 Financing Costs 41,000 41,000 82,000
41,000 41,000 82,000
All other Street Improvement Const Fund accounts 9,973,880 - 9,973,880
Total Street Improvement Const Fund 10,014,880 41,000 10,055,880
024 Flood Control Const Fund
024.80.90.00.0.702.677.017 Isabella Combined Sewer Impr. 9,800,000 (9,400,000) 400,000
9,800,000 (9,400,000) 400,000
All other Flood Control Const Fund accounts 1,094,800 - 1,094,800
Total Flood Control Const Fund 10,894,800 (9,400,000) 1,494,800
040 Refuse Disposal Fund
040.80.85.00.0.000.568.005 Tipping Fees-SWANCC 1,175,266 35,000 1,210,266
1,175,266 35,000 1,210,266
All other Refuse Disposal Fund accounts 3,351,007 - 3,351,007
Total Refuse Disposal Fund 4,526,273 35,000 4,561,273
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VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2014 through December 31, 2014
Expenditures
Current Amended
Budget Increase Budget
Fund/Account Number Account Description Amount (Decrease) Amount
050 Water&Sewer Fund
050.80.84.87.0.378.570.001 JAWA-Water Purchase 3,952,000 153,000 4,105,000
050.80.84.87.0.378.570.002 JAWA- Power Cost 90,812 30,000 120,812
4,042,812 183,000 4,225,812
All other Water& Sewer Fund accounts 12,266,341 - 12,266,341
Total Water& Sewer Fund 16,309,153 183,000 16,492,153
060 Vehicle Maintenance Fund
060.80.86.89.0.000.503.001 Overtime 90,000 60,000 150,000
90,000 60,000 150,000
All other Vehicle Maintenance Fund accounts 2,062,732 - 2,062,732
Total Vehicle Maintenance Fund 2,152,732 60,000 2,212,732
063 Risk Management Fund
063.00.00.00.4.000.599.002 Liability Claims 100,000 610,000 710,000
063.00.00.00.4.000.599.003 Workers' Comp. Claims 400,000 350,000 750,000
500,000 960,000 1,460,000
All other Risk Management Fund accounts 7,344,938 - 7,344,938
Total Risk Management Fund 7,844,938 960,000 8,804,938
070 Police Pension Fund
070.00.00.00.3.000.528.001 Retirement Pensions 3,254,767 160,000 3,414,767
070.00.00.00.3.000.528.005 Refund of Contrib. - 14,000 14,000
070.00.00.00.3.000.530.006 Other Prof. Serv. 1,000 14,000 15,000
3,255,767 188,000 3,443,767
All other Police Pension Fund accounts 844,049 - 844,049
Total Police Pension Fund 4,099,816 188,000 4,287,816
071 Fire Pension Fund
071.00.00.00.3.000.528.001 Retirement Pensions 3,179,149 65,000 3,244,149
071.00.00.00.3.000.528.005 Refund of Contrib. - 50,000 50,000
071.00.00.00.3.000.530.006 Other Prof. Serv. 2,000 14,000 16,000
3,181,149 129,000 3,310,149
All other Fire Pension Fund accounts 992,612 - 992,612
Total Fire Pension Fund 4,173,761 129,000 4,302,761
Total Village Budget
Funds being changed 107,922,914 (6,318,000) 101,604,914
All other Village Budget Accounts 12,400,307 - 12,400,307
Total Village Budget after Changes 120,323,221 (6,318,000) 114,005,221
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