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Home My WebLink AboutOrd 6189 03/16/2015 Amendments to Annual Budget for Fiscal Year January '15 - December '15 ORDINANCE NO. 6189 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 MAYOR AND BOARD OF TRUSTEES the 16th day of March, 2015 Published by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 17th day of March, 2015. ORDINANCE NO. 6189 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 Mayor 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 Mayor 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 Mayor 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 MAYOR 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: Hoefert, Korn, Matuszak, Polit, Rogers, Zadel NAYS: None ABSENT: None PASSED and APPROVED this 16th day of March, 2015. Arlene A. Jurac Mayor ATTEST Lisa Angell Village Clerk i VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2015 through December 31, 2015 Revenues Current Amended Budget Increase Budget Fund/Account Number Account Description Amount (Decrease) Amount 001 General Fund 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 Expenditures Current Amended Budget Increase Budget Fund/Account Number Account Description Amount (Decrease) Amount 001 General Fund 001.50.01.00.0.000.608.002 NACCHO Grant Supplies 5,000 2,404 7,404 001.50.54.00.0.000.609.001 Program Supplies 1,000 3,784 4,784 001.60.01.00.0.000.655.004 Computer Eqpt- Depts 13,000 17,400 30,400 001.80.90.00.0.707.561.002 Software Development - 14,228 14,228 19,000 37,816 56,816 All other General Fund accounts 46,799,407 - 46,799,407 Total General Fund 46,818,407 37,816 46,856,223 002 Debt Service Fund 002.00.00.00.2.575.685.031 2006 GO Bond Principal, Lib - 55,000 55,000 002.00.00.00.2.575.690.031 2006 GO Bond Interest, Lib - 381,418 381,418 002.00.00.00.2.575.695.031 2006 GO Bank Fee, Library - 500 500 002.00.00.00.2.576.685.032 2011A GO Bond Principal, Lib - 1,100,000 1,100,000 002.00.00.00.2.576.690.032 2011A GO Bond Interest, Lib - 31,938 31,938 - 1,568,856 1,568,856 All other Debt Service Fund accounts 3,278,796 - 3,278,796 Total Debt Service Fund 3,278,796 1,568,856 4,847,652 020 Capital Improvement Fund 020.70.90.00.1.706.647.011 Kitchen Renovation - 55,115 55,115 020.70.90.00.1.709.665.006 Bunker Gear Lockers - 19,118 19,118 020.70.90.00.1.709.665.043 Thermal Imaging Cameras - 33,000 33,000 020.80.90.00.1.703.677.005 Detention Pond Improv - 131,430 131,430 020.80.90.00.1.704.678.019 Kensington Road Improv - 20,086 20,086 020.80.90.00.1.705.676.001 Streetlight Improv 125,000 13,345 138,345 020.80.90.00.1.705.679.002 Ped Bridge-Melas/Mead - 120,000 120,000 020.80.90.00.1.706.651.002 Salt Storage Building 100,000 23,000 123,000 020.80.90.00.1.706.651.010 Repl HVAC-Pub Bldgs 25,000 424,325 449,325 020.80.90.00.1.710.641.002 KBC Jogging Path Rehab 350,000 236,250 586,250 600,000 1,075,669 1,675,669 All other Capital Improvement Fund accounts 1,635,747 - 1,635,747 Total Capital Improvement Fund 2,235,747 1,075,669 3,311,416 022 Downtown Redevelopment Construction Fund 022.80.90.00.0.705.679.001 D/T Streetscape Prog 332,085 3,675 335,760 332,085 3,675 335,760 All other Downtown Redevelopment Construction Fund accounts 3,426,370 - 3,426,370 Total Downtown Redevelopment Construction Fund 3,758,455 3,675 3,762,130 023 Street Improvement Const Fund 023.80.90.00.0.705.678.003 Resurfacing-SC Fund 4,412,000 2,041,886 6,453,886 41412,000 2,041,886 6,453,886 All other Street Improvement Const Fund accounts 410,000 - 410,000 Total Street Improvement Const Fund 4,822,000 2,041,886 6,863,886 2 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1,2015 through December 31, 2015 Expenditures Current Amended Budget Increase Budget Fund/Account Number Account Description Amount (Decrease) Amount 024 Flood Control Const Fund 024.80.90.00.0.702.677.006 Prosp Mdws Flood Imp - 708,408 708,408 024.80.90.00.1.702.677.003 Levee 37 30,000 160,183 190,183 30,000 868,591 898,591 All other Flood Control Const Fund accounts 9,774,360 - 9,774,360 Total Flood Control Const Fund 9,804,360 868,591 10,672,951 040 Refuse Disposal Fund 040.80.90.00.0.707.561.002 Software Development - 4,742 4,742 - 4,742 4,742 All other Refuse Disposal Fund accounts 4,713,964 - 4,713,964 Total Refuse Disposal Fund 4,713,964 4,742 4,718,706 050 Water&Sewer Fund 050.80.84.00.0.000.560.009 GIS Maintenance 21,432 6,637 28,069 050.80.84.87.0.375.533.003 Roof Repairs 8,160 51,075 59,235 050.80.84.87.0.381.569.001 Meter Installation 65,000 36,223 101,223 050.80.84.87.0.381.569.002 Meter Testing&Repair 26,250 15,021 41,271 050.80.84.88.0.383.571.002 Building Sewer Insp 26,500 11,649 38,149 050.80.84.88.0.383.571.007 Flow Monitoring Analy 30,600 10,120 40,720 050.80.90.00.0.707.561.002 Software Development - 9,485 9,485 050.80.90.00.1.700.651.011 Water Facility Roof Rehab 65,000 37,225 102,225 050.80.90.00.1.700.665.001 AMR System 1,000,000 769,731 1,769,731 050.80.90.00.1.700.666.002 Emerg Gen/Wells - 484,150 484,150 050.80.90.00.1.700.671.001 Tank Repair/Ren - 150,623 150,623 050.80.90.00.1.701.672.002 Lift Station Rehab - 91,930 91,930 050.80.90.00.1.701.672.005 Sewer Main Repair/Replace 350,000 50,000 400,000 050.80.90.00.1.703.672.003 Combined Sewer Impr 800,000 620,279 1,420,279 2,392,942 2,344,148 4,737,090 All other Water&Sewer Fund accounts 13,171,845 - 13,171,845 Total Water& Sewer Fund 15,564,787 2,344,148 17,908,935 060 Vehicle Maintenance Fund 060.80.86.00.0.000.530.006 Other Prof. Serv. 7,444 4,844 12,288 060.80.86.89.0.000.532.002 Equipment Maint. 89,556 8,000 97,556 060.80.86.89.0.000.627.001 Gas Vehicles 517,079 26,295 543,374 614,079 39,139 653,218 All other Vehicle Maintenance Fund accounts 1,580,819 - 1,580,819 Total Vehicle Maintenance Fund 2,194,898 39,139 2,234,037 061 Vehicle Replacement Fund 061.80.86.00.1.000.660.005 Fire Dept.Vehicles 38,000 48,406 86,406 061.80.86.00.1.000.660.006 Public Works Vehicles 514,000 225,000 739,000 552,000 273,406 825,406 All other Vehicle Replacement Fund accounts 357,000 - 357,000 Total Vehicle Replacement Fund 909,000 273,406 1,182,406 3 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2015 through December 31, 2015 Expenditures Current Amended Budget Increase Budget Fund/Account Number Account Description Amount (Decrease) Amount Total Village Budget Funds being changed 94,100,414 8,257,928 102,358,342 All other Village Budget Accounts 21,872,436 - 21,872,436 Total Village Budget after Changes 115,972,850 8,257,928 124,230,778 4