HomeMy WebLinkAboutOrd 4203 06/19/1990 ORDINANCE NO. 4203
AN ORDINANCE MAKING CERTAIN AMENDMENTS
TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR
COMMENDING MAY 1, 1989 TO APRIL 30, 1990
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 19th day of ,J~De , 1990
Published in pamphlet for~ by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
20th day of J~e . , 1990.
ORDINANCE NO. 4203
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING MAY 1,
1989 TO APRIL 30, 1990
W/qEREAS, 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, 1989 to
April 30, 1990 was adopted through the passage of Ordinance No. 4044 approved
by the corporate authorities of the Village of Mount Prospect on April 18, 1989
and as amended by Ordinance No. 4139 adopted by the corporate authorities on
January 16, 1990; and
W~HEREAS, the President and Board of Trustees of the Village of Mount Prospect
have reviewed certain additions and changes to the aforesaid budget for fiscal
1989/90; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect
believe the changes, as specified on the attached 1989/90 budget amendment
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 1989/90 budget for the Village of Mount
Prospect is hereby amended, as detailed on Schedule "A" 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: Arthur, Busse, Corcoran, Floros, Van Geem
NAYS: None
ABSENT: Wattenberg
PASSED and APPROVED this 19th day of.June, 1990
ATTEST: '
Carol A. Fields
Village Clerk
Schedule A
VILLAGE OF MOUNT PROSPEGT
1989/90 Budget Amendments
April 30, 1990
Expenditures
Budget as
Adopted and Proposed Budget as
Amended Changes Amended
Illinois Municipal Retirement Fund
24-092-07-9922 IMRF Pension Costs $ 305,000 $ 10,000 $ 315,000
Ail Other IMRF Fund 270,000 270,000
Amended IMRF Fund $ 575,000 $ 10,000 $ 585,000
Benefit Trust #2
31-092-07-9920 Pension Benefits $ 26 000 $ 3,000 $ 29~000
Risk Management Fund
49-035-01-6721 Claims - General $ 250,000 $145,000 $ 395,000
49-035-01-6722 Claims - Medical 825~000 15,q00 840~000
Risk Management Fund Changes $ 1,075,000 $160,000 $ 1,235,000
All Other Risk Mgr. Fund 476~500 476,500
Amended Risk Mgr. Fund ~ 1~551,500 $160,000 $ 1~711~500
Debt Service Funds
66-091~02-9560 Insurance Reserve - Int. $ 14,940 $ 50 $ 14,990
70-091-02-9561 D/T Redvlp - Bank 600 450 1,050
Debt Service Fund Changes $ 15,540 $ 500 $ 16,040
Ail Other Debt Service Fund 1,231,000 1,231~000
Amended Debt Service Fund $ 1,246~540 $500 $ 11247~040
Summary of Changes
Total Changes $ 3,399,040 $173,500 $ 3,572,540
Ail Other Funds 33~571,440 33,571,440
Amended Budget Totals ~ $1731500 ~3771431980