HomeMy WebLinkAboutOrd 6559 03/02/2021 Amendments to the annual budget adopted for the fiscal year commencing January 1, 2020 and ending December 31, 20203'" b x111
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AN ORDINANCE MAKING AMENDMENTS TO THE ANNUAL
ADOPTEDBUDGET FISCAL YEAR COMMENCING JANUARY
AND DECEMBER
MxL !11 x !
the +1 +1 « of March 2021
Publishedpamphlet •
authority of the corporate
Illinoisof the Village of Mount Prospect,
d.
ORDINANCE NO, 6559
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY l , 2020
AND ENDING DECEMBER. 3 1, 2020
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"; an
WHEREAS, pursuant to the aforesaid Ordinance and the Statutes of the State of Illinois an
annual budget for the fiscal year commencing January 1, 2020 and ending December 31,
2020 was adopted through the passage of Ordinance No. 6485 approved by the Corporate
Authorities of the Village of Mount Prospect on November 19, 201.9; and
WHEREAS, the President and. Board. of Trustees of the Village of Mount Prospect have
passed and ,approved Ordinance No. 6506 on March 3, 2020, Ordinance No. 6531 on
September 15, 2020 and Ordinance No. 6545 on. November 1.7, 20201 amending the annual
budget for the fiscal year commencing January 1, 2020 and ending December 31, 2020;
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, 2024 and ending December 31, 2020; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe
the changes, as specified on the attached January 1, 20201 through December 31, 20120
Budget Amendment No. 4 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 4, 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, 20120 through December 31,
2020 for the Village of Mount Prospect is hereby amended, as detailed on Budget
Amendment No. 4 attached. hereto.
SEC"riO'N 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, Hatzis, Hoefert, Rogers, Saccotelli, Zadel
NAYES: None
ABSENT: None
PASSED and APPROVED this 2nd day of March —, 2021.
Arlene A. eek
Mayor
ATTEST
..........------ - — ----
Karen Agorinos—
Village Clerk
Village of Mount Prospect
Budget Amendment No. 4
Fiscal Year January 1, 2020 to December 31, 2020
Expenditures
023 Street Improvement Construc Fund
Amendments
023-80-90-00.0.705.678.003 - Streets Resurfacing -SC Fund
Current
(85,158)
3,6141842
02 3.80-90-00.0.710.679.020 - Other Infrastructure Traffic I rn p
Budget
increase/
Amended
Fund/Account Number
Amount
(Decrease)
Budget
Amended Funds
140,000
ON
001 General Fund
31890,000
(97,958)
3,792,042
Amendments
001.50.01.00.0.000.605.001 - Other Equipment Other Equipment
574
(485)
89
001-50-01-00.0-000-656-001 - Office Equipment Office Eqpt
547
(547)
001.60.61.65.0-000.603.001 - Clothing Supplies Clothing Supplies
30,000
(61000)
24,000
001-60-61.65.0-000-621.005 - Police Commodities Ammunition & Targets
57,,075
(17,000)
40,075
001.70.01-00.0-000-530.006 - Professional Services Other Prof. Serv.
15,000
(7,,040)
7,960
001.70.01-00.0-000.546.003 - HR Expenses Employment Testing
32,000
(17,000)
15,000
001.70.71-00-0.000-646.001 - Fire Station #12 Fire Station Imp
2,.500
(21000)
500
001.70.71-00.0-000.665.045 - Other Equipment Turn Out Clothing
33,356
(2,168)
31,188
001.70.71-00.0-302.665.045 - Other Equipment Turn Out Clothing
3,600
(21148)
1,452
001.80.90.00.0.704.674.001 - Needs Study Intersection Studies
11309,.144
(910,905)
398,239
Amendments Total
1j,483,796
(965,293)
518,503
Other Budgeted Accounts for the Fund
60,9541383
601954,383
001 General Fund Total
62,438,179
(965,0293)
61,?472,?886
020 Capital Improvement Fund
Amendments
020-60.90.00.0.709.665.095 - Other Equipment Public Safety Drone
12,600
(12j600)
-
020.60.90.00.1.707.665.056 - Other Equipment Mobile Video Rec Sys
410,.000
(10,000)
400,000
020-80.90.00.1.704.636.033 - Other Expenditures Central Road Ped Crossing
437,921
(131,061)
306,860
020.80.90.00.1.704.678.022 - Streets Train Station Platform Extension
900,000
(900,000)
1.,
020-80.90.00.1.704.679.028 - Other infrastructure Intersection Improvements
150"000
(21,156)
128,844
020-80-90.00.1.705.676.007 - Streetlights & Traffic Signals Corridor Streetlight Impr
293,893
(293,893)
-
020.80.90.00.1.705.679.002 - Other Infrastructure Ped Bridge - Melas/Mead
130,000
(108,478)
21,522
020-80.90.00.1.706-651.001 - Other Public Facilities Other Public Buildings
165,000
(15,000)
150,000
Amendments Total
2,v499,*414
(1.,492,,188)
1,007,226
Other Budgeted Accounts for the Fund
870,343
-
870,743
020 Capital Improvement Fund Total
3.370,157
(1,492,f 188)
1;877,?969
023 Street Improvement Construc Fund
Amendments
023-80-90-00.0.705.678.003 - Streets Resurfacing -SC Fund
3,7001000
(85,158)
3,6141842
02 3.80-90-00.0.710.679.020 - Other Infrastructure Traffic I rn p
50,000
(12,800)
37,200
Amendments Total
3,750,000
(97,p958)
3,652,042
Other Budgeted Accounts for the Fund
140,000
140..000
023 Street Improvement Construc Fund Total
31890,000
(97,958)
3,792,042
Village of Mount Prospect
Budget Amendment No. 4
Fiscal Year January 1, 2020 to December 31,, 2020
Expenditures
025 Police & Fire Building Const.
Amendments
025.60.90.00.0.706-644-001 - Facility Construction Police Station 10,7031711 (45..000) 10,658,f711
Amendments Total 10,,703,,711(45,0100), 10j,658,,711
Other Budgeted Accounts for the Fund 31490,619 31490,619
025 Police & Fire Building Const. Total 14.0194,r330 (450000) 14..149,330
049 Prospect and Main TIF Districl
Amendments
049.80.90.00.1-704.679-028 - Other Infrastructure Intersection Improvements 175,990 (175,,990)
...............................
Amendments Total 175..990 (175,p990) -
Other Budgeted Accounts for the Fund 11,196,261 111196,0261
049 Prospect and Main TIF District Total 11,372,251 (175,,990) 11,196..261
050 Water and Sewer Fund
Amendments
050-80.90.00.1.700.651.012 - Other Public Facilities Pump Station Facility Improv
Current
(385,F000)
120,000
050.80.90.00.1.700-671.003 - Water Distribution Water Main Repl
Budget
increase/
Amended
Fund/Account Number
Amount
(Decrease)
Budget
024 Flood Control Construction Fund
5,,179,,401
(10,272,160)
3,907,241
Amendments
16,771,566
".. .. .........
16,771,566
024-80-90.00.0.702.677.004 - Flood Control Priv Prop Drainage
198,396
(1.,500)
196,896
024.80.90.00.1.702-666.003 - Emergency Generators Emerg Generator Levee 37
280,,000
(2570792)
22,208
Amendments Total
478,396
(2590292,)
219,104
Other Budgeted Accounts for the Fund
6,,4111404
(89,893)
61411,o404
024 FlooCo
d ntrol Construction Fund Total
6;889.,800
(259..292)
. . ............
6,630.,508
025 Police & Fire Building Const.
Amendments
025.60.90.00.0.706-644-001 - Facility Construction Police Station 10,7031711 (45..000) 10,658,f711
Amendments Total 10,,703,,711(45,0100), 10j,658,,711
Other Budgeted Accounts for the Fund 31490,619 31490,619
025 Police & Fire Building Const. Total 14.0194,r330 (450000) 14..149,330
049 Prospect and Main TIF Districl
Amendments
049.80.90.00.1-704.679-028 - Other Infrastructure Intersection Improvements 175,990 (175,,990)
...............................
Amendments Total 175..990 (175,p990) -
Other Budgeted Accounts for the Fund 11,196,261 111196,0261
049 Prospect and Main TIF District Total 11,372,251 (175,,990) 11,196..261
050 Water and Sewer Fund
Amendments
050-80.90.00.1.700.651.012 - Other Public Facilities Pump Station Facility Improv
505,000
(385,F000)
120,000
050.80.90.00.1.700-671.003 - Water Distribution Water Main Repl
31922,663
(529,478)
3.3931185
050.80.90.00.1.701.672-002 - Sewer System Lift Station Rehab
751,738
(357,682)
394,f056
Amendments Total
5,,179,,401
(10,272,160)
3,907,241
Other Budgeted Accounts for the Fund
16,771,566
".. .. .........
16,771,566
050 Water and Sewer Fund Total
211950,.967
(11272.,160)
20,,678,807
061 Vehicle Replacement Fund
Amendments
061.60.90.00.1.708.660.003 - Motor Equipment Police Vehicles
404,843
(89,893)
314,,950
061.80.90.00.1.708.660.006 - Motor Equipment PW Vehicles
1,144,547
(492,J19)
652,428
Amendments Total
1,0549,389
(582j,012)
967,377
Other Budgeted Accounts for the Fund
5,000
5,000
061 Vehicle Replacement Fund Total
1,554,389
(582;012)
972.,377
Village of Mount Prospect
Budget Amendment No. 4
Fiscal Year January 1, 2020 to December 31, 2020
Expenditures
Current
Budget Increase/ Amended
Fund/Account Number Amount (Decrease) Budget
WPM
062 Computer Replacement Fund
Amendments
1062.20.90.00.1.707-651.006 - Other Public Facilities Connectivity 250,000 (100J000) 150,000
Amendments Total 250.pOOO (100J,000) 150j,000
Other Budgeted Accounts for the Fund 219j978•
,978
062 Computer Replacement Fund Total 469,978 (100,000) 369,978
Amended Funds Total 126,130,051
(4,989,893) ,2101410,18
28,109,350 28,109,350
Total All Funds 154,239,401 4,989,893 149 249,50$