HomeMy WebLinkAboutOrd 6505 03/03/2020 Amendments to the annual budget adopted for fiscal year 01/01/19-12/31/19ORDINANCE NO. 6505
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2019
AND ENDING DECEMBER 31, 2019
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 3rd day of March 2020
Published in pamphlet form by authority
of the corporate authorities of the Village
of Mount Prospect, Illinois the 3rd day of
March, 2020.
ORDINANCE NO. 6505
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2019
AND ENDING DECEMBER 31, 2019
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, 2019 and ending December 31,
2019 was adopted through the passage of Ordinance No. 6418 approved by the Corporate
Authorities of the Village of Mount Prospect on November 20, 2018; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 6436 on March 5, 2019, and Ordinance No. 6473 on
September 17, 2019 amending the annual budget for the fiscal year commencing January
1, 2019 and ending December 31, 2019; 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, 2019 and ending December 31, 2019; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe
the changes, as specified on the attached January 1, 2019 through December 31, 2019
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 Number 3, 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, 2019 through December 31,
2019 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: Grossi, Hoefert, Hatzis, Rogers, Saccotelli, Zadel
NAYES: None
ABSENT: None
PASSED and APPROVED this 3rd day of March, 2020,
Arlene A. ru ce1�
Mayor
ATTEST
_.........................
_ _
................................
. ... ........
Karen A go 114 I'los
Village Clerk
Village of Mount Prospect
Budget Amendment No. 3
Fiscal Year January 1, 2019 through December 31, 2019
Page 1 of 3
Current Budget
Increase /
Amended
Fund/Account Number
Amount
(Decrease)
Budget Amount
Amended Budgets
001 General Fund
Amendments
001.20.24.00.0.000.532,005 Equipment Maintenance & Repair
30,600
(9,000)
21,600
001.60.01.00.0.000.546.003 HR Expenses
45,000
(12,500)
32,500
001.60.01.00.0.000.655.004 Computer Equipment
25,000
(15,000)
10,000
001.60.61,65.0.000.560.007 Technical Services
80,000
(60,000)
20,000
001.60.61.65.0.000.621.001 Police Commodities
19,500
(5,100)
14,400
001.60.61.65.0.000.621.005 Police Commodities
36,485
(18,000)
18,485
001.80.90.00.0.704.674.001 Needs Study
1,069,500
(909,144)
160,356
001,80.90.00.1.705.675.009 Sidewalks
397,000
(40,000)
357,000
Amendments Total
1,703,085
(1,068,744)
634,341
Other Budgeted Accounts
56,331,624
56,331,624
_._...__.....m.._..____.____...__...�.._....._..___.._.._...�....._�_�,.,....�_�_�.�.��.�.�___.._.__...��..��..�..�...�_.��..�_�.._._.....�.,�m���..IT......�.._�..�.
General Fund Total
001 G e
58,034,709
( 1,068,744)
�...�_�...__
56,965,965
020 Capital Improvement Fund
Amendments
020.70.90.00.0.706.666.004 Emergency Generators
30,000
(24,350)
5,650
020.70.90.00.1.708.660.010 Motor Equipment
82,000
(82,000)
-
020.80.90.00.0.706.679.021 Other Infrastructure
55,000
(31,254)
23,746
020.80.90.00.1.704.636.033 Other Expenditures
295,000
(237,921)
57,079
020.80.90.00.1.705.676.007 Streetlights & Traffic Signals
305,000
(293,893)
11,107
020.80.90.00.1.705,676.008 Streetlights & Traffic Signals
249,000
(52,467)
196,533
020.80.90.00,1.705.679.002 Other Infrastructure
160,000
(130,000)
30,000
...._.Amendments Total
�.�..�.,.....��_..�..
1,176,000
(851,885)
324,115
Other Budgeted Accounts ..
2,287,440
2,287, 440
....._.... ._.m................mm.... .. _...._...._.._..__. �_�.........._...........__.....
020 Capital Improvement Fund
3 463 440
............................
(851,885)
Z611,555
023 Street Improvement Construc Fund
Amendments
023.80.90.00.0.705.678.003 Streets
4,587,000
(300,000)
4,287,000
...................._.................._� _�_��_.�� __�_�_�_..�___�_�_�.�.�.�.�_._�_�_......_._...........__...�_.._._......._.............�..._....._...._.._..__.__�.w......__�.._.____�_�_�._�_._�._�..�__.._.�.__
_...._......Amendments �Total
4,587,000
(300,000)
4,287,000
Other Budgeted Accounts
90,000
-
90,000
023 Street Improvement Construc Fund Total
4,677,000
(300,000)
4,377,000
024 Flood Control Construction Fund
Amendments
024.80.90.00.0,702.677.004 Flood Control
240,000
(78,396)
161,604
024.80.90.00.1.702.677.003 Flood Control
2,921,500
(2,297,703)
623,797
Amendments Total
3,161,500
(2,376,099)
785,401
Other Budgeted Accounts _
1,060,000
1,060,000
024 Flood Control Construction Fund Total
4,221,500(2,376,099)
1,845,401
Page 1 of 3
Village of Mount Prospect
Budget Amendment No. 3
Fiscal Year January 1, 2019 through December 31, 2019
Fund/Account Number
025 Police & Fire Building Const.
Amendments
025.60.90.00.0.706.530.006 Professional Services
025.60.90.00.0.706.644.001 Facility Construction
025.70.90.00.0.706.530.006 Professional Services
�-�Amendments Totah�-���-�-�����
�.w ,�..ndme
Other Budgeted Accounts
025 Police & Fire Building Const. Total .-_-.....-.m .- .w
040 Refuse Disposal Fund
Amendments
040.80.90,00.0.707.561.002 Computer Software
AAmendments Total .M M.„....... ... ,_...--
� en-.. _ _._.......__w_. _ .. ..
Other Budgeted Accounts
040 Refuse Disposal Fund Total
049 Prospect and Main TIF District
Amendments
049.80.90.00.1.705.679.001 Other Infrastructure
049.80.90.00.1.706.651.013 Other Public Facilities
049.80.90.00.1.710.641.004 Land Improvements
�mWAmendments Total�.��..� -�._.. ..., Other Budgeted Budgeted Accounts���
049 Prospect and Main TIF District Total
050 Water and Sewer Fund
Amendments
050.80.90.00.1.700.651.012 Other Public Facilities
050.80.90.00.1.700.671.001 Water Distribution
050.80.90.00.1.700,671.003 Water Distribution
050.80.90.00.1,701.672.002 Sewer System
Amendments Total
Other Budgeted Accounts
050 Water and Se
._ mmewer Fund Total
061 Vehicle Replacement Fund
Amendments
061.60.90.00.1.708.660.003 Motor Equipment
061.70.90.00.1.708.660.005 Motor Equipment
061.80.90.00.1.708.660.006 Motor Equipment
Amendments Total �-�-
Other Budgeted Accounts
.�m...IT_
Page 2 of 3
Current Budget
Increase /
Amended
Amount
(Decrease)
Budget Amount
1,388,709
(598,205)
790,504
17,417,308
(3,642,521)
13,774,787
215,000
(256,204)
(41,204)
19,021 017
(5,661,178)
14,524,087
5,915,965
m...�.��...._-.._..__..._.(_.__.
(2,469,401)
5,915,965
24,936,982
4,496, 930)
204400.
, , 52
55,000
_-55,000
(15,000) 40,000
-
(15,000) 40,000
_. .- _ - _. ..__�..._�
4,502,185
4,502,185
4,557,18515,000)
4,54ITITITIT..-..
( 2,1855
200,000
(200,000)
-
6,000,000
(5,147,082)
852,918
709,500
(314,096)
395,404
6,909,500
(5,661,178)
1,248,322
4,124,738
-
_
4,124,738
11,034,238
(5,661,178)
5,373,060
285,000
(120,000)
165,000
1,154,000
(100,000)
1,054,000
3,782,000
(1,522,663)
2,259,337
1,136,000
(726,738)
409,262
6,357,000
(2,469,401)
3,887,599
ITIT15,966,072W
15,966,072
-�
22,323,072
(2,469,401)
19,853,671
150,000
(93,843)
56,157
776,000
(5,000)
771,000
941,000
(253,547)
687,453
,867,000
(352,389)
1,514,611
58,000
-
58,000
Village of Mount Prospect
Budget Amendment No. 3
Fiscal Year January 1, 2019 through December 31, 2019
061 Vehicle Replacement Fund Total
1,925,000
(352,389)
1,572,611
CurrentBudgetIncrease
/
Amended
Fund/Account Number
Amount
(Decrease)
Budget Amount
062 Computer Replacement Fund
Amendments
062.20.90.00.1.707.651.006 Other Public Facilities
250,000
(250,000)
062.20.90.00.1.707.655.001 Computer Equipment
_..�._ ..__�.._.... W.w�,�,�.��.......__.._.__
237,900
(30,000)
207,900
Amendments Total�....�__.____
_
487,900
(280,000)
207,900
062 Computer Replacement Fund Total
487,900
_ (280,000)
207,900
A.Iedgd. Budgts Td
All Other Village Budget Accounts
Add,Othulr„ ilq gudg �„Accgti t Total
135A66494, (17,871,626) 117a78,9,499
-_.34,692425,
To -tall -All', Funds-- . ..... — w _.....
Page 3 of 3