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Home My WebLink AboutOrd 6226 12/15/2015 Authorizing the Levy and Collection of Taxes for the Corporate and Municipal Purposes for Fiscal year '15ORDINANCE No. 6226 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, 2015 AND ENDING DECEMBER 31, 2015 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 15'h day December,2015 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 15`" day of December, 2015 ORDINANCE NO. 6226 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, 2015 AND ENDING DECEMBER 31,2015 NOW, THEREFORE, BE IT ORDAINED BY THE President and Board ofTrustees ofthe Village of Mount Prospect, Cook County, Illinois, as follows: Section 1: That the sum of Twenty -Eight Million Five Hundred Ninety -One Thousand Six Hundred Dollars ($28,591,600), 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, 2015 and ending December 31, 2015 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 2015. 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. 6170 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 16th day of December, 2014, and amended by Ordinance No. 6189 passed and approved on the 16th day of March, 2015 and further amended by Ordinance No. 6225 passed and approved on the 17th day of November, 2015 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 VI. Section 3: The sum of $395,000 is budgeted to be received from personal property replacement tax revenue during the fiscal year commencing January 1, 2015 and ending December 31, 2015 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: Hoefert, Matuszak, Polit, Rogers, Saccotelli, Zadel NAYES: None ABSENT: None PASSED and APPROVED this 15th day of December, 2015 Arlene A. Juracek, May ATTEST: Karen M. Agoran s, Interim Deputy Village Clerk 7 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2015 TAX LEVY ARTICLE 1 - POLICE PROTECTION Personal Services Employee Benefits Other Employee Costs Contractual Services Utilities Commodities & Supplies Office Equipment Other Equipment Total Police Department TOTAL BUDGET FOR POLICE PROTECTION AMOUNT TO BE RAISED BY TAX LEVY ADD 2% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PROTECTION ARTICLE 11 -FIRE PROTECTION Amount Amount Budgeted Levied 9,619,957 4,933,773 5,121,431 0 163,316 0 1,523,490 0 36,886 0 122,423 0 38,783 0 11,158 0 16,637,444 4,933,773 16,637,444 4,933,773 98,675 5,032,448 Personal Services 7,692,293 5,107,773 Employee Benefits 4,169,521 0 Other Employee Costs 147,331 0 Contractual Services 1,029,824 0 Commodities & Supplies 38,615 0 Utilities 33,030 0 Building Improvements 10,200 0 Office Equipment 255 0 Other Equipment 113.390 0 Total Fire Department 13.234.459 5.107,773 TOTAL BUDGET FOR FIRE PROTECTION 13,234,459 AMOUNT TO BE RAISED BY TAX LEVY 5,107,773 ADD 2% FOR LOSS & COST OF COLLECTION 102,155 TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR FIRE PROTECTION 5,209,928 E VILLAGE OF MOUNT PROSPECT, ILLINOIS 2015 TAX LEVY ARTICLE I I I - DEBT SERVICE FUND 00 Debt Service 00 00 510 G.O. Bonds -Series 2009 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2009 00 00 511 G.O. Bonds- Series 2009B Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds- Series 2009B 00 00 512 G.O. Bonds - Series 2009C Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds- Series 2009C 00 00 514 G.O. Bonds- Series 201113 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds- Series 2011B 00 00 515 G.O. Bonds- Series 2012 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds- Series 2012 00 00 516 G.O. Bonds- Series 2013 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds- Series 2012 00 00 517 G.O. Bonds- Series 2014 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds- Series 2012 [c3 Amount Amount Budgeted Levied 0 0 417,262 417,262 500 0 417,762 417,262 315,000 315,000 70,725 70,725 500 0 386,225 385.725 55,000 55,000 132,933 91,733 500 0 188,433 146,733 695,000 695,000 92,610 92,610 0 0 787,610 787,610 0 0 54,096 54,095 0 0 54,096 54,095 0 0 369,956 0 500 0 370,456 0 300,000 300,000 170,550 170,550 600 0 471,150 470,550 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2015 TAX LEVY 00 00 650 IEPA Loans Amount Amount Budgeted Levied Loan Principal 183,840 0 Loan Expense 13,418 0 Bank and Fiscal Fees 0 0 Total IEPA Loans 197,258 0 00 00 659 Flood Installment Loan Commodities & Supplies Loan Principal 415,000 0 Loan Expense 17,654 0 Total IEPA Loans 432,654 0 TOTAL, BUDGET FOR DEBT SERVICE FUND 3,305,644 AMOUNT TO BE RAISED BY TAX LEVY 2,261,975 ADD 2% FOR LOSS & COST OF COLLECTION 45,240 TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR DEBT SERVICE FUND 2,307,215 ARTICLE IV- POLICE PENSION FUND 00 Police Pensions Pension Benefits 4,579,303 3,131,863 Contractual Services 154,100 0 Insurance 15,000 0 Commodities & Supplies 100 0 Other Expenditures 12,000 0 Total Police Pensions 4,760,503 3,131,863 TOTAL. BUDGET FOR POLICE PENSION FUND 4,760,503 AMOUNT TO BE RAISED BY TAX LEVY 3,131,863 ADD 2% FOR LOSS & COST OF COLLECTION 62,637 TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PENSION FUND 3,194,500 4 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2015 TAX LEVY ARTICLE V- FIREFIGHTERS' PENSION M.'IJD 00 Fire Pensions Pension Benefits Contractual Services Insurance Commodities & Supplies Other Expenditures Total Firefighters' Pensions TOTAL, BUDGET FOR FIREFIGHTERS' PENSION FUND AMOUNT TO BE RAISED BY TAX LEVY ADD 2% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR FIREFIGHTERS' PENSION FUND ARTICLE VI- MOUNT PROSPECT LIBRARY FUND 90 Mount Prospect Library Library Expenditures Bond Principal Interest Expense Total Library Services TOTAL BUDGET FOR MOUNT PROSPECT LIBRARY FUND AMOUNT TO BE RAISED BY TAX LEVY - Library Expenditures AMOUNT TO BE RAISED BY TAX LEVY- Bond Principal and Interest ADD 2% FOR LOSS & COST OF COLLECTION TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR MOUNT PROSPECT LIBRARY FUND 5 Amount Amount Budgeted Levied 4,584,821 2,518,299 136,100 0 15,000 0 1,000 0 12,000 0 4.748.921 2,518,299 4,748,921 2,518,299 50.366 2.568.665 9,304,400 8,965,374 1,280,000 1,280,000 392,543 392,543 10,976,943 10,63 7,917 I0,976,943 8,965,374 1,672,543 212,758 10,850,675 Article Police Protection Fire Protection III Debt Service IV Police Pension V Firefighters' Pension Village Totals VILLAGE OF MOUNT PROSPECT, ILLINOIS 2015 TAX LEVY SUMMARY VI Mount Prospect Library Library Services Library Debt Service Library Totals Village and Library Totals 42,686,586 17,953,683 9,304,400 8,965,374 1.672.543 1,672,543 10,976,943 10,637,917 $ 53,663,529 28,591,600 6 359,073 18,312,756 179,307 33,451 Amount 212,758 Total 571,831 to be Raised Amount Tax Levy Amount by for Loss Incl. Loss Fund Budgeted Tax Levy and Cost and Cost $ 16,637,444 4,933,773 98,675 5,032,448 13,234,459 5,107,773 102,155 5,209,928 3,305,644 2,261,975 45,240 2,307,215 4,760,503 3,131,863 62,637 3,194,500 4,748,536 2,518,299 50,366 2,568,665 VI Mount Prospect Library Library Services Library Debt Service Library Totals Village and Library Totals 42,686,586 17,953,683 9,304,400 8,965,374 1.672.543 1,672,543 10,976,943 10,637,917 $ 53,663,529 28,591,600 6 359,073 18,312,756 179,307 33,451 9,144,681 1,705,994 212,758 10,850,675 571,831 29,163,431