HomeMy WebLinkAboutOrd 6302 02/07/2017 Making certain amendments to the Annual BudgetORDINANCE NO. 6302
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2016
AND ENDING DECEMBER 31, 2016
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
The 7th day of February., 2017
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 8th day February, 2017.
ORDINANCE NO. 6302
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2016
AND ENDING DECEMBER 31, 2016
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, 2016 and ending December
31, 2016 was adopted through the passage of Ordinance No. 6229 approved by the
Corporate Authorities of the Village of Mount Prospect on December 15, 2015; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 6243 on April 19, 2016, amending the annual budget
for the fiscal year commencing January 1, 2016 and ending December 31, 2016; 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, 2016 and ending December 31, 2016; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect
believe the changes, as specified on the attached January 1, 2016 through December 31,
2016 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 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, 2016 through December 31,
2016 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, Polit, Rogers, Saccotelli, Zadel
NAYES: None
ABSENT: Matuszak
PASSED and APPROVED this7th day of February, 2017.
Arlene A. Juracq
Mayor
ATTEST
/'If/�k�-JA-"I-
Karen Ag anos
Deputy Village Clerk
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2016 through December 31, 2016
Revenues
042 CDBG
042.418.002 Comm Dev Block Grant
Current
(151,338)
Amended
Budget
Increase
Budget
Fund/Account Number Account Description
Amount
(Decrease)
Amount
001 General Fund
587,104
(151,338)
435,766
001.401.004 Telecomm. Tax
2,200,000
(125,000)
2,075,000
001.402.007 Real Estate Trsfr Tax
925,000
125,000
1,050,000
001.410.001 Building Permit
500,000
120,000
620,000
001.415.004 State Sales Tax
14,375,000
1,250,000
15,625,000
001.415.005 State Use Tax
1,010,000
150,000
1,160,000
045 DUI Fine Fund
19,010,000
1,520,000
20,530,000
All other General Fund accounts
30,648,220
-
30,6R8,220
Total General Fund
49,668,220
1,520,000
51,178,220
002 Debt Service Fund
100
-
r 100
002.00.00.00.2.577.488.001 Bond Proceeds
-
8,735,000
8,735,000
002.00.00.00.2.577.488.002 Bond Premium
-
405,000
405,000
-
9,140,000
9,140,000
All other Debt Service Fund accounts
4,987,011
-
4,9P7,011
Total Debt Service Fund
4,987,011
9,140,000
14,127,011
023 Street Improvement Construc Fund
023.479.005 Miscellaneous Income
10,000
35,000
45,000
10,000
35,000
45,000
All other Street Improvement Construc Fund accounts
3,751,500
-
3,7 1,500
Total Street Improvement Construc Fund
3,761,500
35,000
3,7P6,500
024 Flood Control Construction Fund
024.473.006 Other Reimbursements
-
35,000
35,000
-
35,000
35,000
All other Flood Control Construction Fund accounts
447,000
-
4 7,000
Total Flood Control Construction Fund
447,000
35,000
4P2,000
042 CDBG
042.418.002 Comm Dev Block Grant
527,104
(151,338)
375,766
527,104
(151,338)
375,766
All other CDBG accounts
60,000
-
60,000
Total CDBG
587,104
(151,338)
435,766
043 Asset Seizure Fund
043.60.61.00.0.000.453.013 Seized Assets
15,000
65,000
80,000
15,000
65,000
80,000
All other Asset Seizure Fund accounts
100
-
r 100
Total Asset Seizure Fund
15,100
65,000
80,100
045 DUI Fine Fund
045.60.61.00.0.000.453.005 DUI Fines
20,000
10,000
30,000
20,000
10,000
30,000
All other DUI Fine Fund accounts
100
-
r 100
Total DUI Fine Fund
20,100
10,000
30,100
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2016 through December 31, 2016
Revenues
048 Business District Fund
048.00.00.00.0.775.415.004 State Sales Tax - 480,000 480,000
048.487.001 Transfer In - 665,000 665,000
- 1,145,000 1,145,000
All other Business District Fund accounts 1,097,100 - 1,0 7,100
Total Business District Fund 1,07,100 1,145,000 2,242,100
050 Water and Sewer Fund
050.80.84.87.0.000.446.001 Water Sales
Current
(900,000)
Amended
050.80.84.88.0.000.446.002 Sewer Fees
Budget
Increase
Budget
Fund/Account Number Account Description
Amount
(Decrease)
Amount
046 Foreign Fire Tax Board Fund
2,482,600
-
2,4 2,600
046.402.004 Foreign Fire Ins Tax
70,000
10,000
80,000
70,000
10,000
80,000
All other Foreign Fire Tax Board Fund accounts
100
-
100
Total Foreign Fire Tax Board Fund
70,100
10,000
0,100
048 Business District Fund
048.00.00.00.0.775.415.004 State Sales Tax - 480,000 480,000
048.487.001 Transfer In - 665,000 665,000
- 1,145,000 1,145,000
All other Business District Fund accounts 1,097,100 - 1,0 7,100
Total Business District Fund 1,07,100 1,145,000 2,242,100
050 Water and Sewer Fund
050.80.84.87.0.000.446.001 Water Sales
11,050,000
(900,000)
10,150,000
050.80.84.88.0.000.446.002 Sewer Fees
2,137,000
(20,000)
2,117,000
13,187,000
(920,000)
12,267,000
All other Water and Sewer Fund accounts
2,482,600
-
2,4 2,600
Total Water and Sewer Fund
15,6E9,600
(920,000)
14,749,600
Total Estimated Revenues
Fund being changed 76,312,835 10,888,662 87,201,497
All other Village Budget accounts 38,739,673 - 38,7 9,673
Total Estimated Revenues After Changes 115,052,508 10,888,662 125,9 1,170
V,
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2016 through December 31, 2016
Expenditures
022 Downtown Redevelopment Construction Fund
022.40.01.00.1.000.530.006 Other Prof. Serv.
10,000
Current
300,000
Amended
-
10,000
Budget
Increase
Budget
Fund/Account Number
Account Description
Amount
(Decrease)
Amount
001 General Fund
Total Downtown Redevelopment Construction Fund
3,541,129
300,000
3,8RT,_1Mj
001.20.21.00.0.000.500.001
Full -Time Earnings
434,195
50,000
494,195
001.20.21.00.0.000.530.006
Other Prof. Serv.
40,500
40,000
80,500
001.20.21.00.0.050.531.001
Legal -General Counsel
50,000
265,000
768,000
001.20.21.00.0.050.531.002
Legal -Special Counsel
45,000
35,000
80,000
001.20.24.00.0.000.500.001
Full -Time Earnings
398,482
40,000
438,482
001.20.24.00.0.000.560.007
Computer Maint.
318,352
35,000
353,352
001.20.24.00.0.000.560.012
Computer Software
15,918
15,000
30,918
001.50.54.00.0.000.530.006
Other Prof. Serv.
75,000
10,000
85,000
001.70.71.00.0.000.503.001
Overtime
385.556
225.000
610.556
2,216,003
725,000
2,941,003
All other General Fund accounts
47,694,439
-
47,64,439
Total General Fund
49,910,442
725,000
50,635,442
002 Debt Service Fund
002.00.00.00.2.517.685.030
2014 GO Bond Principal
3C0,000
5,000
305,000
002.00.00.00.2.577.564.001
Financing Costs
-
100,000
100,000
002.00.00.00.2.577.694.009
2016 GO Refunding Bond Pymt
-
9,045,000
9,045,000
3C0,000
9,150,000
9,450,000
All other Debt Service Fund accounts
4,679,687
-
4,6F9,687
Total Debt Service Fund
4,979,687
9,150,000
14,129,687
022 Downtown Redevelopment Construction Fund
022.40.01.00.1.000.530.006 Other Prof. Serv.
10,000
290,000
300,000
022.40.01.00.1.000.636.006 Demolition Expense
-
10,000
10,000
1,904
10,000
300,000
310,000
All other Downtown Redevelopment Construction Fund accounts
3,531,129
-
3,5 1,129
Total Downtown Redevelopment Construction Fund
3,541,129
300,000
3,8RT,_1Mj
023 Street Improvement Construction Fund
023.80.90.00.0.705.678.003 Resurfacing -SC Fund 3,469,000 165,000 3,634,000
3,4E9,000 165,000 3,634,000
All other Street Improvement Construction Fund accounts 270,000 - 2 0,000
Total Street Improvement Construction Fund 3,739,000 165,000 3,9 4,
042 CDBG Fund
042.40.41.00.0.152.572.002
Pads to Hope, Inc.
13,000
1,904
14,904
042.40.41.00.0.152.572.009
Northwest CASA
4,000
(2,000)
2,000
042.40.41.00.0.152.572.010
Wings
9,000
(1,359)
10,359
042.40.41.00.0.152.572.013
Children's Advocacy Center
2,000
(500)
1,500
042.40.41.00.0.152.572.014
SPHCC Access to Care
4,000
(2,003)
6,003
042.40.41.00.0.152.572.015
Resources for Comm. Living
4,000
199
4,199
042.40.41.00.0.152.572.019
Comm. Connections Ctr
3,000
(2,082)
5,082
042.40.41.00.0.152.572.037
Life Span
3,000
(750)
2,250
042.40.41.00.0.152.572.044
Northwest Compass Inc.
13,000
(2,970)
10,030
042.40.41.00.0.154.572.008
Emrgncy Repair Prog.
10,000
3,407
13,407
3
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2016 through December 31, 2016
Expenditures
Current Amended
Budget Increase Budg et
Fund/Account Number Account Description Amount (Decrease) Amount
042 CDBG Fund (continued)
042.40.41.00.0.154.572.042
Single Family Rehab and WG
188,000
(158,947)
29,053
042.40.41.00.0.154.572.045
Search Inc. Rehab
20,000
16,850
36,850
042.40.41.00.1.154.572.041
Public Parkway Tree Repl.
20,000
(277)
19,723
042.40.41.00.1.154.572.043
Sidewalk Improvements
200,000
(2,810)
197,190
Total DUI Fine Fund
2,000
493,000
(151,338)
352,550
All other CDBG Fund accounts
94,104
-
4,104
Total CDBG Fund
587,104
(151,338)
446,654
045 DUI Fine Fund
045.60.61.65.0.000.525.004 Training
1,000
10,000
11,000
045.60.61.65.0.000.530.006 Other Prof. Serv.
-
15,000
15,000
045.60.61.65.0.000.665.031 Other Equipment
1,000
15,000
16,000
2,000
40,000
42,000
All other DUI Fine Fund accounts
-
-
618,256
Total DUI Fine Fund
2,000
40,000
42,000
046 Foreign Fire Tax Board Fund
046.70.71.00.0.301.567.011 Training - 10,000 10,000
- 10,000 10,000
All other Foreign Fire Tax Board Fund accounts 50,500 - 0,500
Total Foreign Fire Tax Board Fund 50,500 10,000 0,500
048 Business District Fund
048.00.00.00.0.775.691.002 Randhurst RDA Interest 1,097,100 758,121 1,855,221
1,07,100 758,121 1,855,221
All other Business District Fund accounts - -
Total Business District Fund 1,067,100 758,121 1,855,221
050 Water and Sewer Fund
050.80.84.87.0.378.570.001 JAWA - Water Purchase 5,165,000
(380,000) 4,785,000
5,165,000
(380,000) 4,785,000
All other Water and Sewer Fund accounts 12,015,390
- 12,015,390
Total Water and Sewer Fund 17,180,390
(380,000) 16,800,390
070 Police Pension Fund
070.00.00.00.3.000.528.001 Retirement Pensions
3,753,870
(40,000)
3,713,870
070.00.00.00.3.000.528.003 Surv. Spouse Pensions
461,050
55,000
516,050
070.00.00.00.3.000.528.005 Refund of Contrib.
-
40,000
40,000
4,214,920
55,000
4,269,920
All other Police Pension Fund accounts
618,256
-
618,256
Total Police Pension Fund
4,823,176
55,000
4,888,176
4
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2016 through December 31, 2016
Expenditures
5
Current
Amended
Budget
Increase
Budg et
Fund/Account Number Account Description
Amount
(Decrease)
Amount
071 Fire Pension Fund
071.00.00.00.3.000.528.001 Retirement Pensions
3,778,620
190,000
3,968,620
071.00.00.00.3.000.528.003 Surv. Spouse Pensions
202,432
75,000
277,432
3,981,052
265,000
4,246,052
All other Fire Pension Fund accounts
919,979
-
919,979
Total Fire Pension Fund
4,9C1,031
265,000
5,166,031
Total Village Budget
Funds being changed
90,821,559
10,936,783
101,769,230
All other Village Budget Accounts
25,945,361
-
25,9 5,361
Total Village Budget after Changes
116,766,920
10,936,783
127,714,591
5