HomeMy WebLinkAboutOrd 4625 03/01/1994 ORDINANCE NO. 4625
AN ORDINANCE MAKING CERTAIN AMENDMANTS TO THE ANNUAL BUDGET
ADOPTED FOR THE FISCAL YEAR COMMENCING MAY 1, 1993 TO APRIL 30, 1994
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 1st day of March , 1994
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
1st day of March . , 1994.
ORDINANCE NO. 4625
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO
THE ANNUAL BUDGET ADOPTED FOR THE FISCAL
YEAR COMMENCING MAY 1, 1993 TO APRIL 30, 1994
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 May 1, 1993 to April 30, 1994 was adopted through the
passage of Ordinance No. 4538 approved by the corporate authorities of the Village of Mount
Prospect on April 21, 1993; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have reviewed
certain additions and changes to the aforesaid budget for fiscal 1993/94; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the
changes, as specified on the attached 1993/94 budget amendmem pages, to be in the best interest of
the Village of Mount Prospect.
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 1993/94 budget for the Village of Mount Prospect is hereby
amended, as detailed on 1993/94 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: Clowes, Corcoran, Hoefert, Skowron, Wilks
NAYS: Hendricks
None
ABSENT:
PASSED and APPROVED this 1st day of March, 1994.
ATTEST: ' Village ~'~esid~t/
Carol A. Fields
Village Clerk
VILLAGE OF MOUNT PROSPECT
1993/94 Budget Amendment
January 1994
l~penditures
Original Amended
Budget Increase Budget
Amount (Deerease~ Amount
.General Fund
1-041-01-5909 Police Pension Contribution $ $ 200,000 $ 200,000
1-042-01-5909 Fire Pension Contribution 250,000 250,000
Total General Fund Changes $ $ 450,000 $ 450,000
All Other General Fund Amounts 18.431.825 18,431,825
Amended General Fund Budget $18.431.825 $ 450,000 $18.881.825
Motor Fuel Tax Fund
22-071-7i-8510 Street Reconstruction $ 450,000 $ 150,000 $ 600,000
All Other MFT Amounts 860.000 860.000
Amended MFT Budget $1.310.000 $ 150,000 $1.460.000
Community_ Development Block Grant
23-062-06-8016 ADA Compliance $ 48,000 $ (7,500) $ 40,500
23-062-07-8951 Single Family Rehab 137,500 77,500 215,000
23-062-12-8951 Multi Family Rehab 36.800 (20.000~ 16,800
Total CDBG Changes $ 222,300 $ 50,000 $ 272,300
All Other CDBG Amounts 102.725 - 102,725
Amended CDBG Budget $ 325.02_~5 $ 50.000 $ 375,025
VILLAGE OF MOUNT PROSPECT
1993/94 Budget Amendment
January 1994
l~penditures
Original Amended
Budget IncreaSe Budge~
Amount (Decrease) Amount
Debt Service Funds
45-091-01-9561 Street 1994A Bank Chg $ $ 1,250 $ 1,250
91-091-01-9562 1992A Principal 1,430,000 1,430,000
91-091-01-9563 1992A Interest 28,000 28,000
91-091-01-9564 1992A Bank Chgs 2,000 2,000
64-091-02-9560 P & F 1991A Interest 243,455 (38,700) 204,755
64-091-02-9817 Trans - 1993B B & I 78,700 78,700
69-091-02-9560 P/W 1987B IntereSt 161,145 (22,150) 138,995
69-091-02-9818 Trans - 1993B B & I 32,150 32,150
90-091-02-9560 1993B Ref B & I 79,500 79,500
90-091-02-9564 1993B Ref B & I 32,500 32,500
95-091-03-9562 1993A D/T B & I 45,000 45,000
35-091-03-9561 D/T 1994B Bank Chg 1,500 1,500
42-091-04-9561 Flood 1994A Bank Chg 1,250 1,250
96-091-04-9560 1993B Ref B & I 54,000 54,000
97-091-04-9563 EPA Flood Iht 67.500 (65.000~ 2,500
Total Debt Service Funds Changes $ 472,100 $1,660,000 $ 2,132,100
All Other Debt Service Amounts 2.424.840 2,424,840
Amended Debt Service Budget $ 2.896.940 $1.660.000 $ 4,556,940
Canital Improvement Fund
51-077-52-9818 Tram - General Fund $ $ 650,000 $ 650,000
51-077-52-8007 Dist 57 Auditorium 370,000 (203,500) 166,500
51-077-52-9817 Tram - D/T Redevelopment 33.500 33.500
Total Capital Imprv Changes $ 370,000 $ 480,000 $ 850,000
All Other Cap Imprv Amounts 273.000 - 273.000
Amended Cap Imprv Budget $ 643,000 $ 480.000 $1.123.000
Downtown Redevelooment Construeti0n
55-077-62-8047 CapitalExpenditures $ 810,000 $(510,000) $ 300,000
All Other D/T RedV Amounts 50.000 50,000
Amended DFF Redv Budget $ 860.000 $(510.000) $ 350.000
VILLAGE OF MOUNT PROSPECT
1993/94 Budget Amendment
January 1994
Expenditures
Original Amended
Budget Increase Budget
Amount {Decrease) Amount
Flood Control Const Fund
59.077-65-8010 Eng - Stevenson/Thayer $ $ 30,000 $ 30,000
59-077-65-8107 Central/WaPella Const 220,000 220,000
59-077-65-8110 Des Plaines River Back-flow 200,000 200,000
59-077-66-8013 ConSt - Hatlen Heights 39,410 80,000 119,410
59-077-66-8017 Const - P/M - N/M 235,000 235,000
59-077-66-9619 Contingencies 492.250 (415.000) 77.250
Total Flood Control Changes $ 531,660 $ 350,000 $ 881,660
All Other Flood Control Amounts 62.390 62.390
Amended Flood Control Amounts $ 594.05~0 $ 350.000 $ 944.050
EPA Flood Loan Const Fund
81-077-66-8013 Const - Haflen Heights $1,239,690 $ {600,000) $ 639,690
81-077-66-8017 Const - P/M - N/M 3,823,480 (595,000) 3,228,480
81-077-66-8015 Const - Fairview 602.730 (75.000) 527.730
Total EPA Flood COnst Changes $ 5,665,900 ${1,270,000) $ 4,395,900
All Other EPA Flood Const Amounts 309.000 309,000
Amended EPA FloOd Const Budget $ 5.974.900 $(1.270.000} $ 4.704.900
Police & Fire Buildine Construction
52-077-85-8011 Construction Costs $ $1,100,000 $1,100,000
52-077-85-8020 Furniture 380,000 380,000
52-077-85-8021 Equipment 70,000 70,000
52-077-85-8040 Temporary Facilities 6,360 20,000 26,360
52-077-85-9617 Contingencies 161.990 (160.000~ 1,990
Total Police & Fire Building Changes $ 168,350 $1,410,000 $1,578,350
All Other Police & Fire Bldg Amounts -
Amended Police & Fire Building Budget $ 168,350 $1.410.000 $1.578.350
VILLAGE OF MOUNT PROSPECT
1~3/~4 Budget Amendment
January 1994
Expenditures
Original Amended
Budget mer~e Budget
Amount ~Deerease} Amount
Street Imorovement Cons~ Fund
82-077-71-6690 Legal & Financing $ $ 20,000 $ 20,000
All Other Street Improvement AmOunts
Amended Street Imprv Const Budget $ $ 20.000 $ 20,000
Risk Manaeement Fund
49-035-01-6722 Claims - Medical $1,500,000 $ (85,650) $1,414,350
All Other Risk Management Amounts 1.200.000 1.200.000
Amended Risk Management Budget $ 2.700.000 $ (85.650) $ 2,614,350
Police Pension Fund
71-092-08-9931 Police Pension Costs $ 355,700 $ (200,000) $ 155,700
All Other Police Pension Amounts 585.000 585,000
Amended Police Pension Budget $ 940.700 $ ~200.000} $ 740,700
Fire Pension Fund
72-092-09-9933 Fire Pension Costs $ 487,300 $ (250,000) $ 237,300
All Other Fire Pension Amounts 620.000 - 620.000
Amended Fire Pension Budget $1.107.300 $ (250.000) $ 857,300
VILLAGE OF MOUNT PROSPECT
1993194 Budget Amendment
January 1~)4
Expenditures
Summary of Expenditure Changes
Original Amended
Budget Increase Budget
Amount (Decrease) Amount
General Fund $18,431,825 $ 450,000 $18,881,825
Motor Fuel Tax Fund 1,310,000 150,000 1,460,000
Community DevelOpment Block Grant Fund 325,025 50,000 375,025
Debt Service Funds 2,896,940 1,660,000 4,556,940
Capital Improvement Fund 643,000 480,000 1,123,000
DowntOwn Redevelopment Const Fund 860,000 (510,000) 350,000
Flood Control Construction Fund 594,050 350,000 944,050
E P A Flood Loan Construction Fund 5,974,900 (1,270,000) 4,764,900
Police & Fire Building Const Fund 168,350 1,410,000 1,578,350
Street Improvement Const Fund 20,000 20,000
Risk Management Fund 2,700,000 (85,650) 2,614,350
Police Pension Fund 940,700 (200,000) 740,700
Fire Pension Fund i. 107.300 {250,000) 857.300
Total Fund Expenditure Changes $35,952,090 $ 2,254,350 $38,206,440
All Other Expenditures 14.207.380 14.207.380
Amended Budget Expenditures $50.159.470 $ 2.254.350 $52,413,820
Amended Budget Expenditures $50,159,470 $ 2,254,350 $52,413,820
Less: Interfund Transfers ( 650.000~ ~ 794.350~ {1,444,350)
Amended 93/94 Budget Totals $49,509,470 $ 1,460,000 $50,969,470
VILLAGE OF MOUNT PROSPECT
1993/94 Budget Ameadment
January 1994
Revenues
Original Amended
Budget Increase Budget
Amount (Decrease~ Amount
General Fund
1-000-00-4001 Taxes-Corporate General $ 2,108,500 $ { 46,800) $ 2,061,700
1-000-00-4013 Retailers Occupation Tax 5,975,000 (200,000} 5,775,000
1-000-00-4228 Tram - Capital Imprv - 650,000 650,000
1-000-004271 Police Pension Revenues - 200,000 200,000
1-000-004272 Fire Pension Revenues - 250.000 250.000
Total General Fund Changes $ 8,083,500 $ 853,200 $ 8,936,700
All Other General Fund Amounts 10.018.300 10.018.300
Amended General Fund Budget $18.101.800 $ 853.200 ~
CDBG Fund
23-000-004241 Program Income $ 20,000 $ 50,000 $ 70,000
All Other C D B G Amounts 305.025 305,025
Amended 92/93 Capital Impr Fund $ 325,025 $ 50,000 ~$ 375.025
Debt Service Funds
91-000-004152 State Income Tax Surcharge $ $100,000 $ 100,000
90-000-004003 Taxes-Current 87B-R 32,000 32,000
90-000-004005 Taxes-Current 91A-R 78,000 78,000
68-000-00-4034 Property Tax Increment 140,000 (90,000) 50,000
95-000-00-4034 Property Tax Increment 35,000 90,000 125,000
67-000-00-4012 Home Rule Sales Tax 300,000 (53,500) 246,500
96-000-00-4012 Home Rule Sales Tax 53,500 53,500
60-000-004164 Personal Property Repl Tax 1,500 1,500
90-000-004227 Tram - 1991A P & F 78,700 78,700
90-t)00-004227 Tram - 1991A-PAV 32,150 32,150
63-0004)04164 Personal Property Repl Tax 2.500 2,500
Total Debt Service Funds Changes $ 475,000 $ 324,850 $ 799,850
All Other Debt Service Funds Amounts 2.245.850 2.245.850
Amended Debt Service Funds Budget $ 2.720.850 $ 324.850 $ 3.045.700
VILLAGE OF MOUNT PROSPECT
1993/94 Budget Amendment
January 1994
Revenues
Original Amended
Budget Increase Budget
Amount {Decrease) Amount
Capital Improvement Fund
51-000-00-4265 Sale of Property $ $2,630,000 $ 2,630,000
All Other Capital ImprvOvement Amounts 534.500 534.500
Amended Capital Improvement Fund $ 534.500 $2.630.000 $ 3.164.500
Street Improvement Fund
82-000-004742 Sale of Bonds $ $5,000,000 $ 5,000,000
Ail Other Street Improvement Amounts
Amended Street Improvement Fund $ $5.000.000 $ 5.000.000
Flood Control Constmetion Fund
59-000-004742 Sale of Bonds $ $1,500,000 $1,500,000
Ail Other FloOd Control Const. Fund 15.940 15,940
Amended Flood Control Const. Fund $ 15.940 $1.500.000 $1,515,940
Downtown Redevelopment ConSt Fund
55-000-004227 Tram - Capital Imprv $ $ 33,500 $ 33,500
554)004)04742 Sale of Bonds 300.000 300,000 600,000
Total Downtown Redev Const Fund Changes $ 300,000 $ 333,500 $ 633,500
Ail Other D/T Redv Const Fund 38.000 - 38.000
Amended D/T Redv Const Fund $ 338.000 $ 333.500 $ 671,500
VILLAGE OF MOUNT PROSPECT
1993/94 Budget Araendment
January 1994
Revenues
Original Amended
Budget Increase Budget
Amount (Decrease) Amount
Water & Sewer Fund
41-000-00-4201 Sale of Water $4,110,000 $ (210,000) $ 3,900,000
All Other Water Fund Amounts 2.782.000 2.782.000
Amended Water Fund Budget $6.892.000 $ (210.0007 $ 6,682,000
Police Pension Fund
71-000-00-4275 Overfunding Credit $ 108,300 $ (108,300) $
All Other Police Pension Amounts 1.820.800 1.820.800
Amended Police Pension Budget $1,929,100 $ (108.3007 $1
Fire Pension Fund
72-000-00-4275 Overfunding Credit $ 148,900 $ (148,900) $
All Other Fire Pension AmoUnts 2.109.500 2.109.500
Amended Fire Pension Budget $ 2.258.400 $ (148.900) $ 2,109,500
VILLAGE OF MOUNT PROSPECT
1993/94 Budget Amendment
January 1994
Summary Amended Revenues
Original IncreaSe Amended
Budget Amount (Decrease~ Budget Amount
General Fund $18,101,800 $ 853,200 $18,955,000
CDBG Fund 325,025 50,000 375,025
Debt Service Funds 2,720,850 324,850 3,645,700
Economic Development Fund
Capital Improvement Fund 534,500 2,630,000 3,164,500
Street Improvement Const Fund 5,000,000 5,000,000
Flood Control Construction Fund 15,940 1,500,000 1,515,940
Downtown Redevelopment Const Fund 338,000 333,500 671,500
Water & Sewer Fund 6,892,000 {210,000) 6,682,000
Police Pension l%nd 1,929,100 (108,300) 1,820,800
Fire Pension Fund 2,258,400 (148.900) 2.109.500
Total Fund Revenue Changes $33,115,615 $10,224,350 $43,339,965
All Other Fund Revenues 16.678.515 16.678.515
Amended Budget Revenues ~ $10,224,350 $60,018,480
Amended Budget Revenues $49,794,130 $10,224,350 $60,018,480
Less Interfund Transfers (650,000) (794,350)
Total Revenues - All Funds ~ ~ $58,574,130