HomeMy WebLinkAbout5. New Business 03/16/2015MOUtII PrUSI)k
Village of Mount Prospect
Mount Prospect, Illinois I i�
INTEROFFICE MEMORANDUM
TO: DAVID STRAHL, ACTING VILLAGE MANAGER
FROM: FINANCE DIRECTOR
DATE; MARCH 11, 2015
SUBJECT: 2014 BUDGET AMENDMENT NO. 3
PURPOSE:
Present a recommendation that the annual budget be amended for fiscal year beginning
January 1, 2014 and ending December 31, 2014.
BACKGROUND:
Ordinance 6109, adopted December 17, 2013, established the annual budget for the year
ending December 31, 2014. Ordinance 6130 adopted on March 18, 2014 provided for
amendment #1 of the 2014 budget. Ordinance 6171 adopted on December 16, 2014 provided
for amendment #2 of the 2014 budget.
DISCUSSION:
Each year the Village prepares budget amendments impacting revenues and/or expenses to the
current year's budget. The first of these amendments is typically prepared in Spring and
amends the budget for carry-over items from the prior year's budget. Accounts adjusted in the
first amendment are typically for capital projects started in the previous year but not completed.
Amendments brought forward later in the year adjust the budget for material variations in
revenues and expenditures resulting from extraordinary or unanticipated events. These
amendments are necessary to comply with the Budget Officer Act.
A proposed ordinance amending the 2014 annual budget is attached for the Board's
consideration. In total, this amendment increases the budget for revenues by $2,022,955 while
decreasing expenditures by $1,005,145.
Adjustments, increases and decreases, to the budget impacting revenues are made up of
adjustments to various taxes, grants, and intergovernmental accounts. Of the $2.0 million
increase in revenue accounts, $1.6 million is the result of a change in accounting procedures.
Intergovernmental revenues received by the Village from the Library for the payment of principal
and interest on Library debt are now being recorded in the Debt Service Fund. Previously, these
payments were processed through a separate Library Debt Fund. Please note that there has not
been any change in the source of funds or payment schedule. The balance of adjustments to
revenues is spread out among four (4) other Village Funds.
Adjustments to the budget impacting expenditures are made up of adjustments to personnel,
debt service, contractual service and capital equipment accounts. One amendment worth
2014 Budget Amendment No. 3
March 11, 2015
Page 2
noting is related to the change in accounting procedures for recording debt service. Principal
and interest paid on Library debt is now recorded in the Village Debt Service Fund. The total
amendment for this change is $1.6 million. There was also a decrease in the Street Resurfacing
account totaling $2.0 million. A carryover amendment increasing this account by the same
amount is expected for the 2015 budget. The balance of changes to the 2014 expense line
items are being done to ensure compliance with state statutes. A total of eleven (11) Funds are
having their expenses adjusted, either up or down, with this budget amendment.
RECOMMENDATION:
It is recommended the Village Board adopt the proposed budget amendment #3 for the 2014
annual budget.
David O. Erb
Finance Director
Copy: Finance Commission
Department Directors
H:WCCT\BUDGET AMENDMENTS\Budget Amendments - Ordinances, Cover Memos, Presentation Materials\2014\Board Memo
2014 Amendment #3 - March 2015.docx
ORDINANCE NO,
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 day of , 2015
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the _ day of , 2015.
ORDINANCE NO.
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 passed
and approved Ordinance No. 6171 on December 16, 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. 3 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. 3, 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. 3
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:
NAYES:
ABSENT:
PASSED and APPROVED this day of ............... mmITITmmmmmmmmmmmmmmmm......____, 2015.
Arlene A. Juracek
Mayor
ATTEST
M. Lisa Angell
Village Clerk
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 3
Fiscal Year January 1, 2014 through December 31, 2014
Fund/Account Number
001 General Fund
001.402.003
001.402.007
001.410.001
001.415.005
001.416.001
001.473.006
All other General Fund accounts
Total General Fund Fund
002 Debt Service Fund
002.00.00.00.2.575.417.007
002.00.00.00.2.576.417.008
Revenues
Current
Budget
Account Description Amount
Increase
(Decrease)
Amended
Budget
Amount
Food & Beverage Tax
725,000
85,000
810,000
Real Estate Trsfr Tax
875,000
80,000
955,000
Building Permit
550,000
40,000
590,000
State Use Tax
922,000
105,000
1,027,000
Pers Prop Repl Tax
365,000
40,000
405,000
Other Reimbursements
15,000
75,000
90,000
3,452,000
43,512,066
46,964,066
Series 2006 MPPL -
Series 2011A - MPPL
All other Debt Service Fund accounts
Total Debt Service Fund Fund
040 Refuse Disposal Fund
040.479.005 Miscellaneous Income
All other Refuse Disposal Fund accounts
Total Refuse Disposal Fund Fund
042 Cmmty Development Block Grant Fund
042.418.002 Comm Dev Block Grant
042.420.016 Cook County
042.476.001 CDBG Program Income
All other Cmmty Development Block Grant Fund accounts
Total Cmmty Development Block Grant Fund Fund
048 Business District Fund
048.00.00.00.0.775.402.003
048.00.00.00.0.775.402.005
048.00.00.00.0.775.402.008
048.00.00.00.0.775.405.001
Food & Beverage Tax
Hotel/Motel Tax
Movie Theatre Tax
Randhurst Business Dist
All other Business District Fund accounts
Total Business District Fund Fund
Total Estimated Revenues
Fund being changed
All other Village Budget accounts
Total Estimated Revenues After Changes
3,336,937
3,336,937
425,000
425,000
438,953
1,135„925
1,574,878
1,574,878
3,877,000
43,512,066
47,389,066
438,953
1,135,925
1,574,878
3,336„937
4,911,815
500
10„000
10,500
500
10,000
10,500
3,626,000
-
3,626,000
3,626,500
10,000
3,636,500
390,373
(348,923)
41,450
-
85,000
85,000
60,000
170,000
230,000
450„373
(93,923)
356,450
(93,923)
450„373
356,450
312,000
170,000
139,000
322,000
943,000
100
943,100
55, 320, 976
55,781,412
111,102, 388
63,000
50,000
(19,000)
13,000
107,000
107,000
2,022,955
375,000
220,000
120,000
335,000
1,050,000
100
1,050,100
57,343,931
55,781,412
2,022,955 113,125, 343
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 3
Fiscal Year January 1, 2014 through December 31, 2014
Fund/Account Number
001 General Fund
001.70.01.00.0.000.513.003
001.70.71.00.0.000.503.001
All other General Fund accounts
Total General Fund
002 Debt Service Fund
002.00.00.00.2.575.685.031
002.00.00.00.2.575.690.031
002.00.00.00.2.575.695.031
002.00.00.00.2.576.685.032
002.00.00.00.2.576.690.032
Expenditures
Current
55,000
Amended
Budget
Increase
Budget
Account Description Amount
(Decrease)
Amount
Retiree Sick Incentive 84,000
60,000
144,000
Overtime 505,000
25,000
530,000
589,000
85,000
674,000
46,722,714
-
46,722,714
47„311,714
85,000
47,396,714
2006 GO Bond Principal, Lib
2006 GO Bond Interest, Lib
2006 GO Bank Fee, Library
2011A GO Bond Principal, Lib
2011A GO Bond Interest, Lib
All other Debt Service Fund accounts
Total Debt Service Fund
020 Capital Improvement Fund
020.20.21.00.1.000.665.042 Telephone System - Vill Hall
All other Capital Improvement Fund accounts
Total Capital Improvement Fund
023 Street Improvement Const Fund
023.80.90.00.0.705.678.003 Resurfacing -SC Fund
All other Street Improvement Const Fund accounts
Total Street Improvement Const Fund
041 Motor Fuel Tax Fund
041.80.90.00.0.704.676.003 Traffic Signal Repl
041.80.90.00.0.705.678.002 Resurfacing - MFT Fund
All other Motor Fuel Tax Fund accounts
Total Motor Fuel Tax Fund
042 Cmmty Development Block Grant Fund
042.40.41.00.0.152.572.002 Pads & Hope Now
042.40.41.00.0.152.572.006 CEDA Emrgncy Housing
042.40.41.00.0.152.572.009 Northwest CASA
042.40.41.00.0.152.572.010
042.40.41.00.0.152.572.014
042.40.41.00.0.152.572.015
042.40.41.00.0.152.572.037
042.40.41.00.0.154.636.012
042.40.41.00.1.154.675.010
Wings
Low Inc. Health Care
Resources for Comm. Living
Life Span
Single Family Rehab
Kensington Road Sidewalks
All other Cmmty Development Block Grant Fund accounts
Total Cmmty Development Block Grant Fund
2
-
55,000
55,000
-
383,453
383,453
-
500
500
-
1,085,000
1,085,000
-
50,925
50,925
-
1,574,878
1,574,878
3,328,500
-
3,328,500
3,328,500
1,574,878
4,903,378
4,900
50
14,000
14,000
-
14,000
14,000
2,080,847
-
2,080,847
2,080,847
14,000
2,094,847
9,705,280
(2,000,000) 7,705,280
9,705,280
(2,000,000) 7,705,280
350,600
- 350,600
10,055,880
(2,000,000) 8,055,880
130,000
(115,000)
15,000
688,000
(688,000)
-
818,000
(803,000)
15,000
813,900
-
813,900
1,631,900
(803,000)
828,900
9,000
1,500
10,500
12,000
750
12,750
4,900
50
4,950
--
2,500
2,500
4,000
500
4,500
6,400
(100)
6,300
-
1,250
1,250
233,921
(135,373)
98,548
20,000
35,000
55,000
290,221
(93,923)
196,298
160,152
-
160,152
450,373
(93,923)
356,450
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 3
Fiscal Year January 1, 2014 through December 31, 2014
Expenditures
Fund/Account Number Account Description
044 Federal Equitable Share Funds
044.60.61.65.0.451.665.031 Other Equipment
All other Federal Equitable Share Funds accounts
Total Federal Equitable Share Funds
046 Foreign Fire Tax Board Fund
046.70.71.00.0.301.665.021 Furniture & Equipment
All other Foreign Tax Board Fund accounts
Total Foreign Tax Board Fund
048 Business District Fund
048.00.00.00.0.775.691.002 Randhurst RDA Interest Pay
All other Business District Fund accounts
Total Business District Fund
070 Police Pension Fund
070.00.00.00.3.000.528.001 Retirement Pensions
070.00.00.00.3.000.528.003 Surv. Spouse Pensions
All other Police Pension Fund accounts
Total Police Pension Fund
071 Fire Pension Fund
071.00.00.00.3.000.528.001 Retirement Pensions
071.00.00.00.3.000.528.002 Disability Pensions
All other Fire Pension Fund accounts
Total Fire Pension Fund
Total Village Budget
Funds being changed
All other Village Budget Accounts
Total Village Budget after Changes
KI
Current
Budget
Amount
Increase
(Decrease)
Amended
Budget
Amount
1,000
16,000 17,000
1,000
16,000 17,000
1 A000
a 1,000
2,000
16,000 18,000
15„000
30,000 45,000
15,000
30,000 45,000
15,500
- 15,500
30„500
30,000 60,500
923,100 126,900 1,050,000
923,100 126,900 1,050,000
923,100 126,900 1,050,000
3,414,767
10,000
3,424,767
316,573
5,000
321,573
3,731,340
15,000
3,746,340
556,476
-
556,476
4,287,816
15,000
4,302,816
3,244,149
20,000
3,264,149
588,828
10,000
598,828
3,832,977
30,000
3,862,977
469,784
-
469,784
4,302,761
30„000
4„332761
74,405,391 (1,005,145) 73,400,246
39,599,830 39,599,830
114,005,221 (1,005,145) 113,000,076
M01111t Prospect
Village of Mount Prospect
Mount Prospect, Illinois
INTEROFFICE MEMORANDUM
TO: DAVID STRAHL, ACTING VILLAGE MANAGER
FROM: FINANCE DIRECTOR
DATE: MARCH 11, 2015
SUBJECT: 2015 BUDGET AMENDMENT #1
PURPOSE:
Present a recommendation that the annual budget be amended for fiscal year beginning
January 1, 2015 and ending December 31, 2015.
BACKGROUND:
Ordinance 6170, adopted December 16, 2014, established the annual budget for the
year ending December 31, 2015.
DISCUSSION:
Each year the Village prepares two or more amendments impacting revenues and/or
expenses to the current year's budget. Budget amendments are done to better manage
the annual budget by accounting for carry-over items or material variations in revenues
and/or expenditures. Many times these variations are a result of fluctuations in the
economy affecting revenues (either positively or negatively), extraordinary or
unanticipated charges for expenditures or the timing of projects causing work to occur
over different fiscal periods. This amendment adjusts original budget figures to reflect
carry-over projects from the prior year.
A proposed ordinance amending the 2015 Annual Budget is attached for the Board's
consideration. In total, we are increasing the budget for revenues by $1,571,260 and
expenditures by $8,257,928.
Intergovernmental revenue totaling $1.6 million relate to Library debt service now being
included in the Village's debt service budget rather than being tracked in a separate
Library debt fund. Changes to accounting procedures are driving this change. The
increase in expenditures totaling $8.3 million consist mainly of capital projects budgeted
in the Water and Sewer, Downtown Redevelopment, Flood Control, Capital
Improvement and Vehicle Replacement Funds. There are also some smaller
amendments to expense accounts related to grant programs.
Significant adjustments in the Water and Sewer Fund include the automatic meter
reading devices for commercial/industrial accounts totaling $769,731, combined sewer
improvements totaling $620,279 and emergency generator installation totaling $484,150.
There is one amendment related to the change in accounting procedures for recording
debt service. Principal and interest paid on Library debt will now be recorded in the
2015 Budget Amendment #1
March 11, 2015
Page 2
Village Debt Service Fund. The total amendment for this change is $1.6 million
(matching the revenue amendment resulting from the accounting change). Fire capital
budgets related to various equipment purchases and station #13 improvements total
$107,231 will permit the completion of projects/purchases currently in progress. Other
notable projects carried over into 2015 include street resurfacing, infrastructure
improvements, vehicle replacements of the Village fleet, and other capital equipment
purchases.
RECOMMENDATION:
It is recommended the Village Board adopt the proposed ordinance amending the 2015
Annual Budget.
David O. Erb
Finance Director
Copy: Finance Commission
Department Directors
Board Memo Amendment #1 - March 2015.docx
ORDINANCE NO,
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2015
AND ENDING DECEMBER 31, 2015
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the day of 2015
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the day of , 2015.
ORDINANCE NO.
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2015
AND ENDING DECEMBER 31, 2015
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, 2015 and ending December
31, 2015 was adopted through the passage of Ordinance No. 6170 approved by the
Corporate Authorities of the Village of Mount Prospect on December 16, 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, 2015 and ending December 31, 2015; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect
believe the changes, as specified on the attached January 1, 2015 through December 31,
2015 Budget Amendment No. 1 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 Number One, attached hereto.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY,
ILLINOIS:
SECTION ONE: That the fiscal year budget for January 1, 2015 through December 31
2015 for the Village of Mount Prospect is hereby amended, as detailed on Budget
Amendment No. 1 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:
NAYES:
ABSENT:
PASSED and APPROVED this day of 2015.
Arlene A. Juracek
Mayor
ATTEST
M. Lisa Angell
Village Clerk
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 1
Fiscal Year January 1, 2015 through December 31, 2015
Revenues
002 Debt Service Fund
002.00.00.00.2.575.417.007 Series 2006 MPPL
Current
436,918
Amended
002.00.00.00.2.576.417.008 Series 2011A - MPPL
Budget
Increase
Budget
Fund/Account Number Account Description
Amount
(Decrease)
Amount
001 General Fund
3,285,381
-
3,285,381
001.50.00.00.0.000.418.013 NACCHO Grant
5,000
2,404
7,404
5,000
2,404
7,404
All other General Fund accounts
46,813,407
-
46,813,407
Total General Fund Fund
46,818,407
2,404
46,820,811
002 Debt Service Fund
002.00.00.00.2.575.417.007 Series 2006 MPPL
-
436,918
436,918
002.00.00.00.2.576.417.008 Series 2011A - MPPL
-
1,131,938
1,131,938
1,568,856
1,568,856
All other Debt Service Fund accounts
3,285,381
-
3,285,381
Total Debt Service Fund Fund
3,285,381
1,568,856
4,854,237
Total Estimated Revenues
Fund being changed
50,103,788
1,571,260
51,675,048
All other Village Budget accounts
57,965,736
-
57,965,736
Total Estimated Revenues After Changes
108,069,524
1,571,260
109,640,784
1
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 1
Fiscal Year January 1, 2015 through December 31, 2015
Fund/Account Number
001 General Fund
001.50.01.00.0.000.608.002
001.50.54.00.0.000.609.001
001.60.01.00.0.000.655.004
001.80.90.00.0.707.561.002
All other General Fund accounts
Total General Fund
002 Debt Service Fund
002.00.00.00.2.575.685.031
002.00.00.00.2.575.690.031
002.00.00.00.2.575.695.031
002.00.00.00.2.576.685.032
002.00.00.00.2.576.690.032
Expenditures
2006 GO Bond Principal, Lib
2006 GO Bond Interest, Lib
2006 GO Bank Fee, Library
2011A GO Bond Principal, Lib
2011A GO Bond Interest, Lib
All other Debt Service Fund accounts
Total Debt Service Fund
020 Capital Improvement Fund
020.70.90.00.1.706.647.011
020.70.90.00.1.709.665.006
020.70.90.00.1.709.665.043
020.80.90.00.1.703.677.005
020.80.90.00.1.704.678.019
020.80.90.00.1.705.676.001
020.80.90.00.1.705.679.002
020.80.90.00.1.706.651.002
020.80.90.00.1.706.651.010
020.80.90.00.1.710.641.002
Kitchen Renovation
Bunker Gear Lockers
Thermal Imaging Cameras
Detention Pond Improv
Kensington Road Improv
Streetlight Improv
Ped Bridge-Metas/Mead
Salt Storage Building
Repl HVAC -Pub Bldgs
KBC Jogging Path Rehab
All other Capital Improvement Fund accounts
Total Capital Improvement Fund
022 Downtown Redevelopment Construction Fund
022.80.90.00.0.705.679.001 D/T Streetscape Prog
All other Downtown Redevelopment Construction Fund accounts
Total Downtown Redevelopment Construction Fund
023 Street Improvement Const Fund
023.80.90.00.0.705.678.003 Resurfacing -SC Fund
All other Street Improvement Const Fund accounts
Total Street Improvement Const Fund
55,000
Current
- 381,418
Amended
500
Budget
Increase
Budget
Account Description
Amount
(Decrease)
Amount
NACCHO Grant Supplies
5,000
2,404
7,404
Program Supplies
1,000
3,784
4,784
Computer Eqpt - Depts
13,000
17,400
30,400
Software Development
-
14,228
14,228
236,250
19,000
37,816
56,816
1,675,669
46,799,407
-
46,799,407
2,235,747
46,818,407
37,„816
46,856,223
2006 GO Bond Principal, Lib
2006 GO Bond Interest, Lib
2006 GO Bank Fee, Library
2011A GO Bond Principal, Lib
2011A GO Bond Interest, Lib
All other Debt Service Fund accounts
Total Debt Service Fund
020 Capital Improvement Fund
020.70.90.00.1.706.647.011
020.70.90.00.1.709.665.006
020.70.90.00.1.709.665.043
020.80.90.00.1.703.677.005
020.80.90.00.1.704.678.019
020.80.90.00.1.705.676.001
020.80.90.00.1.705.679.002
020.80.90.00.1.706.651.002
020.80.90.00.1.706.651.010
020.80.90.00.1.710.641.002
Kitchen Renovation
Bunker Gear Lockers
Thermal Imaging Cameras
Detention Pond Improv
Kensington Road Improv
Streetlight Improv
Ped Bridge-Metas/Mead
Salt Storage Building
Repl HVAC -Pub Bldgs
KBC Jogging Path Rehab
All other Capital Improvement Fund accounts
Total Capital Improvement Fund
022 Downtown Redevelopment Construction Fund
022.80.90.00.0.705.679.001 D/T Streetscape Prog
All other Downtown Redevelopment Construction Fund accounts
Total Downtown Redevelopment Construction Fund
023 Street Improvement Const Fund
023.80.90.00.0.705.678.003 Resurfacing -SC Fund
All other Street Improvement Const Fund accounts
Total Street Improvement Const Fund
55,000
55,000
- 381,418
381,418
500
500
- 1,100,000
1,100,000
31,938
31,938
- 1,568,856
1,568,856
3,278,796 -
3,278,796
3,278,796 1,568,856
4,847,652
-
55,115
55,115
-
19,118
19,118
-
33,000
33,000
-
131,430
131,430
-
20,086
20,086
125,000
13,345
138,345
-
120,000
120,000
100,000
23,000
123,000
25,000
424,325
449,325
350,000
236,250
586,250
600,000
1,075,669
1,675,669
1,635,747
-
1,635,747
2,235,747
1„075,669
3,311,416
332,085
3,675 335,760
332,085
3,675 335,760
3,426,370
- 3,426,370
3,758,455
3,675 3,762„130
4,412,000 2041,886
6,453,886
4,412,000 2,041,886
6,453,886
410,000 _
410„000
4,822,000 2,041,886
6,863,886
Fund/Account Number
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 1
Fiscal Year January 1, 2015 through December 31, 2015
Expenditures
Account Description
024 Flood Control Const Fund
024.80.90.00.0.702.677.006 Prosp Mdws Flood Imp
024.80.90.00.1.702.677.003 Levee 37
All other Flood Control Const Fund accounts
Total Flood Control Const Fund
040 Refuse Disposal Fund
040.80.90.00.0.707.561.002 Software Development
All other Refuse Disposal Fund accounts
Total Refuse Disposal Fund
050 Water & Sewer Fund
050.80.84.00.0.000.560.009
050.80.84.87.0.375.533.003
050.80.84.87.0.381.569.001
050.80.84.87.0.381.569.002
050.80.84.88.0.383.571.002
050.80.84.88.0.383.571.007
050.80.90.00.0.707.561.002
050.80.90.00.1.700.651.011
050.80.90.00.1.700.665.001
050.80.90.00.1.700.666.002
050.80.90.00.1.700.671.001
050.80.90.00.1.701.672.002
050.80.90.00.1.701.672.005
050.80.90.00.1.703.672.003
GIS Maintenance
Roof Repairs
Meter Installation
Meter Testing & Repair
Building Sewer Insp
Flow Monitoring Analy
Software Development
Water Facility Roof Rehab
AMR System
Emerg Gen/Wells
Tank Repair/Ren
Lift Station Rehab
Sewer Main Repair/Replace
Combined Sewer Impr
All other Water & Sewer Fund accounts
Total Water & Sewer Fund
060 Vehicle Maintenance Fund
060.80.86.00.0.000.530.006 Other Prof. Serv.
060.80.86.89.0.000.532.002 Equipment Maint.
060.80.86.89.0.000.627.001 Gas Vehicles
All other Vehicle Maintenance Fund accounts
Total Vehicle Maintenance Fund
061 Vehicle Replacement Fund
061.80.86.00.1.000.660.005 Fire Dept. Vehicles
061.80.86.00.1.000.660.006 Public Works Vehicles
All other Vehicle Replacement Fund accounts
Total Vehicle Replacement Fund
3
Current
6,637
Amended
Budget
Increase
Budget
Amount
(Decrease)
Amount
26,250
-
708,408
708,408
30,000
160,183
190,183
30,000
868,591
898,591
9,774,360
-
9,774,360
9,804,360
868,591
10,672,951
4,742 4,742
- 4,742 4,742
4,713,964 - 4,713,964
4,713,964 4,742 4,718,706
21,432
6,637
28,069
8,160
51,075
59,235
65,000
36,223
101,223
26,250
15,021
41,271
26,500
11,649
38,149
30,600
10,120
40,720
-
9,485
9,485
65,000
37,225
102,225
1,000,000
769,731
1,769,731
-
484,150
484,150
150,623
150,623
-
91,930
91,930
350,000
50,000
400,000
800,000
620,279
1,420,279
2,392,942
2,344,148
4,737,090
13,171,845
-
13,171,845
15,564,787
2,344,148
17,908,935
7,444
4,844
12,288
89,556
8,000
97,556
517,079
26,295
543,374
614,079
39,139
653,218
1,580,819
..
1,580,819
2,194,898
39,139
2,234,037
38,000
48,406
86,406
514,000
225,000
739,000
552,000
273,406
825,406
357,000
357„000
909,000
273,406
1,182,406
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 1
Fiscal Year January 1, 2015 through December 31, 2015
Expenditures
Fund/Account Number Account Description
Total Village Budget
Funds being changed
All other Village Budget Accounts
Total Village Budget after Changes
4
Current
Budget
Amount
94,100,414
21,872,436
Increase
(Decrease)
Amended
Budget
Amount
8,257,928 102, 358, 342
_ 21,872,436
115,972,850 8,257,928 124,230,778
RESOLUTION NO.
URGING THE GOVERNOR AND GENERAL ASSEMBLY TO PROTECT FULL FUNDING OF LOCAL
GOVERNMENT DISTRIBUTIVE FUND REVENUES
WHEREAS,
municipalities are front-line providers of government services to citizens and these services
include police and fire protection, parks, infrastructure, water, sewer and utility services, and snow
removal; and
WHEREAS,
the State of Illinois has a long-standing tradition of collecting tax revenues on behalf of
municipal governments and municipalities have relied on shared income tax revenue to provide services
to taxpayers; and
WHEREAS,
municipalities have fewer options to raise significant revenue and rely on the full amount of
revenue that the State collects on their behalf in order to fund the essential quality-of-life services
expected and relied upon by community residents; and
WHEREAS,
the General Assembly increased the State income tax without providing any of the new
revenues to municipalities and this loss of revenue has left the municipal share at levels collected during
the Great Recession; and
WHEREAS,
the Governor proposed a 50 percent reduction in the local share of the income tax during his
FY2016 Budget Address, reducing local revenues by over $600 million; and
WHEREAS,
the loss of this state-shared income tax revenue would result in elimination of countless jobs,
local tax increases, program and service cuts, and could increase debt burdens that would be felt by all
citizens; and
WHEREAS, $3.1 million.
the Village of Mount Prospect would lose over
NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS, ACTING PURSUANT TO ITS HOME
RULE POWERS:
SECTION ONE: That the Village of Mount Prospect urges the Governor and the General Assembly to
protect full funding of the Local Government Distributive Fund (LGDF) and other revenue sources.
SECTION TWO: That the Village of Mount Prospect will actively work to protect the LGDF and other
revenue sources that allow local governments to provide for the health, safety and general welfare of their
residents.
SECTION THREE: That a copy of this Resolution be forwarded to the Northwest Municipal Conference,
to the Illinois Municipal League and to the Office of the Governor.
SECTION FOUR: That this Resolution shall be in full force and effect from and after its passage and
approval in the manner provided by law.
AYES:
NAYS:
ABSENT:
ABSTAIN:
PASSED and APPROVED this day of March, 2015.
___________________________________
Arlene A. Juracek, Mayor
ATTEST:
____________________________________
M. Lisa Angell, Village Clerk