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HomeMy WebLinkAboutOrd 5891 12/20/2011ORDINANCE NO. 5891 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2012 AND ENDING DECEMBER 31, 2012 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES The 20` day of December, 2011 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 2 1 "day of December, 2011. ORDINANCE NO. 5891 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2012 AND ENDING DECEMBER 31, 2012 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE WI IEREAS, the President and Board of Trustees of the Village of Mount Prospect in accordance with State Statutes, have provided for the preparation and adoption of an Annual Budget in lieu of passage of an Appropriation Ordinance; and WHEREAS, the tentative Annual Budget for the Village of Mount Prospect for the fiscal year beginning January 1, 2012 and ending December 31, 2012, as prepared by the Budget Officer for the Village and submitted to the President and Board of Trustees, was placed on file in the Office of the Village Clerk on October 14, 2011 for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 9, 2011, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 20, 2011, as provided by Statute; and WFIEREAS, following said public hearing, said tentative Annual Budget was reviewed by the President and Board of Trustees and a copy of said tentative Annual Budget is attached hereto and hereby made a part hereof. NO"', THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE The Annual Budget for the Village of Mount Prospect for the fiscal year beginning January 1, 2012 and ending December 31, 2012, a copy of which is attached hereto and made a part hereof, is hereby approved and adopted as the Annual Budget for the Village of Mount Prospect for said fiscal year. SECTION TWO Within thirty (30) days following the adoption of this Ordinance there shall be filed with the County Clerk of Cook County a copy thereof duly certified by the Village Clerk and Estimate of Revenues by source anticipated to be received by the Village in the fiscal year beginning January 1, 2012 and ending December 31, 2012, duly certified by the Chief Fiscal Office SECTION THREE This Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form in the manner provided by law. AYES: Hoefert, Juracek, Korn, Matuszak, Polit, Zadel NAYS: None ABSENT: None PASSED AND APPROVED this 20` day of December, 2011. I ana {. Wilks Mayor ATTEST: M. Lisa Angell Village Clerk RESOLUTION NO. 2011 A RESOLUTION APPROVING AND CERTIFYING THE 2012 BUDGET AND 2011 TAX LEVY DETERMINATION WHEREAS, heretofore the Board of Trustees of the Mount Prospect Public Library, Mount Prospect, Illinois, at open and public meetings have considered the financing requirements of the Mount Prospect Library for the year commencing January 1, 2012; and WHEREAS, the Board of Trustees of the Mount Prospect Public Library has determined the financial requirements of the Mount Prospect Public Library for the ensuing year and has caused to be made, a statement thereof, a copy of which is attached hereto and marked "Exhibit A," for inclusion in the 2012 budget of the Village of Mount Prospect; and WHEREAS, the Board of Trustees of the Mount Prospect Public Library has further determined the amount of money which in its judgment, it will be necessary to levy for library purposes in the 2011 tax levy ordinance to be adopted by the President and Board of Trustees of the Village of Mount Prospect; WHEREAS, expenditures from the LIBRARY FUND shall be under the direction of the Board of Trustees of the Mount Prospect Public Library. WHEREAS, that the amount of money hereby determined by the Board of Trustees of the Mount Prospect Public Library to be necessary for library purposes and to be included in the 2011 Tax Levy Ordinance of the Village of Mount Prospect (taking into consideration other income from accumulations from the prior year, anticipated tax shrinkage, fines, non - resident fees, and maintenance, repairs, and alterations of library buildings and equipment) and for the collection and deposit to the LIBRARY FUND, which includes funds for the Illinois Municipal Retirement Fund pursuant to Section 5/7 -171, Chapter 40 of the Illinois Compiled Statutes; and for the maintenance repairs, and alterations of the library buildings and equipment, pursuant to Section 5/3-4 of Chapter 75 of the Illinois Compiled Statutes; and for insurance and audit fees pursuant to Section 5/4 -14 of Chapter 75 of the Illinois Compiled Statutes. WHEREAS, in accordance with Chapter 75, Section 5/3 -5 of the Illinois Compiled Statutes it is requested that the amount so determined be levied and collected in like manner with the other general taxes of the Village of Mount Prospect and that such taxes be paid directly by the County Collector to the Library fund. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE MOUNT PROSPECT PUBLIC LIBRARY, VILLAGE OF MOUNT PROSPECT: SECTION ONE: That the financial requirements for library purposes of the Mount Prospect Public Library require the budget for the year commencing January 1, 2012, and ending December 31, 2012, the sum of $9,926,514 such to be included within the 2012 Budget of the Village of Mount Prospect, Illinois. SECTION TWO: That the amount of money hereby determined by the Board of Trustees of the Mount Prospect Public Library to be necessary for library purposes and to be included in the 2011 tax levy and to be levied and collected in like manner with the other general taxes of the Village of Mount Prospect and that such taxes to be paid directly by the County Collector to the Library Fund: $9,661,514. Expenditures from the Library Fund shall be under the direction of the Board of Trustees of the Mount Prospect Public Library. SECTION THREE: That the Secretary of the Board of Trustees of the Mount Prospect Public Library file a copy of this Resolution, with the Village Clerk of the Village of Mount Prospect, for transmittal to the President and Board of Trustees of the Village of Mount Prospect. SECTION FOUR: That if any part or parts of this Resolution shall be held to be unconstitutional, such unconstitutionality shall not affect the validity of the remaining parts of this Resolution. The Board of Trustees of the Mount Prospect Public Library hereby declares that it would have passed the remaining parts of this Resolution if it had known that such part or parts thereof would be declared unconstitutional. SECTION FIVE: That this Resolution shall be in full force and effect as of October 6, 2011. AYES: 7 NAYS: 0 ABSENT: 0 PASSED THIS 6th day of October, 2011. The undersigned, President of the Board of Trustees of the Mount Prospect Public Library, Village of Mount Prospect, Illinois, does certify that the foregoing Resolution was duly adopted by the vote specified at a legally convened meeting of the Board of Trustees of the Mount Prospect Public Library held at the Mount Prospect Public Library building on the 6th day of October, 2011. Jane W. Everett, President MOUNT PROSPECT PUBLIC LIBRARY 2012 Budget and 2011 Tax Levy EXHIBIT A 2012 Budget 2011 Tax Levy Fund Amount Request LIBRARY GENERAL FUND Salaries & Benefits 4110 Salaries $ 4,873,379 $ 4,773,475 4120 I M R F Pension 457,218 447,845 4130 F I C A & M/C 372,007 364,381 4140 Medical Insurance 610,000 597,495 4150 Unemployment Comp 7,000 6,857 Totals $ 6,319,604 $ 6,190,053 Management Expense 4210 Audit $ 4,200 $ 4,114 4220 Legal Fees 40,000 39,180 4230 Printing 37,550 36,780 4240 Community Services 60,900 59,652 4250 Programs 35,410 34,684 4260 Professional Dues 6,749 6,611 4270 Board 4,000 3,918 4280 Human Resources 68,595 67,189 4290 Other Operating Expense 6,000 5,877 Totals $ 263,404 $ 258,005 Operating Expenses $ 47,961 $ 46,978 4310 Telecommunications 4320 Insurance 74,900 73,365 4340 Office Supplies 27,000 26,447 4350 Library Supplies 20,000 19,590 4360 Postage 19,155 18,762 4370 Consultant Services 3,000 2,939 4380 Contract Services 23,450 22,969 4390 Computer Services 58,136 56,944 Totals $ 273,602 $ 267,994 Building Maintenance Costs 4410 Building Maintenance $ 89,510 $ 87,675 4420 Equipment Maintenance 86,292 84,523 4430 Equipment Rental 26,888 26,337 4440 Janitorial 50,053 49,027 4450 Equipment 124,600 122,046 4460 Utilities 62,674 61.389 Totals $ 440,017 $ 430,997 I.,ibrary Materials 4610 Adult Print 242,100 $ 237,137 4620 Adult AV 80,750 79,095 4630 Youth Print 139,000 136,151 4640 Youth AV 42,700 41,825 4650 Subscriptions 21,650 21,206 (Continued On the Next Page) MOUNT PROSPECT PUBLIC LIBRARY 2012 Budget and 2011 Tax Levy 2012 Budget 2011 Tax Levy Fund Amount Request LIBRARY GENERAL FUND (Continued) Library Materials (Continued) 4660 Electronic Resources $ 135,000 $ 132,233 4661 Electronic Media 14,300 14,007 4662 Electronic Services 27,272 26,713 4670 Microform 11,000 10,775 4680 Processing Supplies 40,000 39,208 Totals $ 753,772 $ 738,350 GENERAL FUND TOTALS $ 8,050,399 $ 7,885,399 BUILDING & EQUIPMENT FUND 7705 Equipment & Building $ 202,400 $ 200,000 7730 Other Building Projects 22,600 - 773 5 Trans to Library Operating - BUILDING FUND TOTALS $ 225,000 $ 200,000 TOTAL GENERAL FUND & BUILDING FUND $ 8,275,399 $ 8,085,399 DEBT SERVICE FUND 3701 Interest Payments $ 501,115 501,115 3711 Principal Payments 1,075,000 1,075,000 DEBT SERVICE FUND TOTALS $ 1,576,115 $ 1,576,115 GIFT FUND 8740 Library Special Projects $ 50,000 $ - 8990 Contingencies 25,000 GIFT FUND TOTALS $ 75,000 $ - ALL FUNDS - TOTALS $ 9,926,514 $ 9,661,514 2011 TAX LEVY SUMMARY Library Fund Levy (General Fund & Building Fund) Library Bonds & Interest Levy TOTAL LIBRARY TAX LEVY Levy Total Request 2% Loss Tax Levy $ 8,085,399 $ 161,708 $ 8,247,107 1,576,115 31,522 1,607,637 $ 9,661,514 $ 193,230 $ 9,854,744 r ♦ • VILLAGE OF MOUNT PROSPECT 2012 BUDGET SUMMARY TOTAL VILLAGE BUDGET Actual Budget Estimate Budget Forecast REVENUES AND OTHER SOURCES 55,843,603 59,991,133 59,383,620 59,323,196 63,243,850 Property Taxes 18,678,963 19,200,500 19,319,000 19,882,500 20,583,500 Other Taxes 11,198,802 11,340,000 11,406,400 11,638,000 11,733,000 Licenses, Permits & Fees 2,767,264 2,721,000 2,595,000 2,510,000 2,520,000 Intergovernmental Revenue 18,826,394 17,883,977 19,032,064 18,822,420 19,153,250 Charges for Services 19,303,538 20,872,719 20,919,704 22,399,597 23,566,079 Fines & Forfeitures 791,504 786,000 707,125 687,000 687,000 Investment Income 7,837,421 5,325,400 1,718,200 5,202,600 5,464,280 Reimbursements 365,812 403,279 253,217 253,500 254,000 Other Revenue 7,395,512 7,916,590 7,839,411 8,040,680 8,650,542 Interfund Transfers 458,370 - - Other Financing Sources 49,188 52,000 46,000 988,000 51,000 Village Revenues & Other Sources 87,672,768 86,501,465 83,836,121 90,424,297 92,662,651 Mount Prospect Library Revenues 9,226,183 9,801,109 9,801,109 9,926,514 (a) Total Revenues & Other Sources 96,898,951 96,302,574 93,637,230 100,350,811 92,662,651 BUDGET EXPENDITURES Village Operating Budget 55,843,603 59,991,133 59,383,620 59,323,196 63,243,850 Village Capital Budget 9,711,088 9,470,271 9,304,333 9,419,850 12,628,100 Debt Services Budget 2,170,439 2,416,548 2,418,806 2,409,195 2,405,474 Pension Systems Budget 6,681,958 6,892,046 7,430,768 7,635,544 7,850,166 Internal Services Budget (b) 7,518,038 8,691,145 8,779,896 8,844,660 9,185,734 Village Expenditures 81,925,126 87,461,143 87,317,423 87,632,445 95,313,324 Mount Prospect Library Expenditures 9,083,006 9,801,109 9,801,109 9,926,514 (a) Total Expenditures 91,008,132 97,262,252 97,118,532 97,558,959 95,313,324 CHANGES IN FUND BALANCE Excess (Deficiency) of Revenues & Other Sources Over Expenditures (c) Fund Balance Start of Budget Year End of Budget Year Less: Pension Fund Balances (d) Mt Prospect Library Fund Balance Available Fund Balance 5,890,819 (959,678) (3,481,302) 2,791,852 (2,650,673) 1 120,064, 396 125, 955,215 125,955, 215 122, 473,913 125,265,765 125,955,215 124,995,537 122,473,913 125, 265,765 122, 615,092 (88,401,290) (92,547,407) (88,669,185) (92,318,946) (96,372,910) (4,726,962) (4,726,962) (4,726,962) (4,726,962) (4,726,962) 32,826,963 27,721,168 29,077,766 28,219,857 21,515,220 (a) Not available as of December 20, 2011. (b) Internal Service Budget includes Vehicle Maintenance Fund and Risk Management Fund. The Motor Equipment Replacement Fund and Computer Replacement Funds are included in the Village Capital Fund. (c) Does not include the results of operation of the Mount Prospect Library for the 2013 Forecast. (d) Pension Fund Balances are reserved for pension benefits and not available for appropriation. VILLAGE OF MOUNT PROSPECT 2012 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2010 2011 2011 2012 2013 Actual Budget Estimate Budget Forecast VILLAGE REVENUES BY TYPE: Property Taxes 18,6/8,9b3 19,200,500 19,319,000 19,882,500 20,583,5001 Other Taxes 11,198,802 11,340,000 11,406,400 11,638,000 11,733,000 Licenses, Permits & Fees 2,767,264 2,721,000 2,595,000 2,510,000 2,520,000 Intergovernmental Revenue 18,826,394 17,883,977 19,032,064 18,822,420 19,153,250 Charges for Services 19,303,538 20,872,719 20,919,704 22,399,597 23,566,079 Fines & Forfeits 791,504 786,000 707,125 687,000 687,000 Investment Income 7,837,421 5,325,400 1,718,200 5,202,600 5,464,280 Reimbursements 365,812 403,279 253,217 253,500 254,000 Other Revenue 7,395,512 7,916,590 7,839,411 8,040,680 8 87,165,210 86,449,465 83,790,121 89,436,297 92,611,651 INTERFUND TRANSFERS 458,370 - OTHER FINANCING SOURCES Sale of Property /Other 49,188 52,000 46,000 988,000 51,000 49,188 52,000 46,000 988,000 51,000 TOTAL VILLAGE REVENUES AND OTHER SOURCES 87,672,768 86,501,465 83,836,121 90,424,297 92,662,651 MOUNT PROSPECT LIBRARY REVENUES 9,226,183 9,801,109 9,801,109 9,926,514 (a) TOTAL REVENUES AND OTHER SOURCES VILLAGE AND LIBRARY (b) 96,898,951 95,302,574 93,637,230 100,350,811 92,652,651 CHANGES IN FUND BALANCE Total Revenues & Other Sources 96,898,951 96,302,574 93,637,230 100,350,811 92,662,651 Total Expenditures 91,008,132 97,262,252 97,118,532 97,558,959 95,313,324 Additions to(Use of) Fund Balances 5,890,819 (959,678) (3,481,302) 2,791,852 (2,650,673) ANALYSIS OF CHANGES IN FUND BALANCE Additions to (Use of) Pension Fund Balances 6,580,064 4,146,117 267,895 3,649,761 4,053,964 Additions to (Use of) Other Fund Balances (689,245) (5,105,795) (3,749,197) (857,909) 6,704,637) 5,890,819 (959,678) (3,481,302) 2,791,852 (2,650,673) (a) Figures not available as of December 20, 2011. (b) Does not include the Mount Prospect Public Library 2013 Forecast. VILLAGE OF MOUNT PROSPECT 2012 BUDGET SUMMARY BUDGET EXPENDITURES 2010 2011 2011 2012 2013 Actual Budget Estimate Budget Forecast VILLAGE OPERATING BUDGET IPUBLIC REPRESENTATION 468,889 487,065 482,175 551,260 560,462 VILLAGE ADMINISTRATION 2,842,921 2,898,012 2,800,904 2,763,935 2,924,252 FINANCE 1,571,136 1,582,487 1,586,221 1,494,533 1,614,10$ COMMUNITY DEVELOPMENT Community Development 2,154,270 2,175,530 2,199,385 2,158,078 2,206,683 Community Development /CDBG 465,918 455,219 555,103 413,543 342,092 2,620,188 2,630,749 2,754,488 2,571,621 2,548,775 HUMAN SERVICES DEPARTMENT 1,082,552 1,063,031 1 008,663 1,002,730 1,432,412 PUBLIC SAFETY AND PROTECTION Police Department 14,521,382 14,730,105 14,640,990 15,212,790 15,741,447 Fire Department 11,503,854 11,453,107 11,425,312 11,905,304 12,238,232 26,025,236 26,183,212 26,066,302 27,118,094 27,979,679 PUBLIC WORKS DEPARTMENT Administration 998,552 1,228,175 1,200,309 1,287,211 1,355,893 Streets /Bldgs 2,647,901 2,740,043 2,657,536 2,511,139 2,600,271 Forestry 1,625,036 1,687,171 1,816,791 1,758,050 1,821,016 Engineering 1,265,123 1,334,002 1,343,444 1,375,366 1,411,239 Improvements - 104,808 74,808 74,383 485,353 Refuse Disposal 4,002,498 4,378,894 4,300,411 4,410,220 4,570,910 Water /Sewer 9,958,966 13,176,172 12,362,355 12,007,174 13,960,769 Parking 284,605 497,312 318,205 397,480 378,711 20,782,681 25,146,577 24,073,859 23,821,023 26,584,162 EMERGENCY EVENTS - 611,008 CONTINGENCIES & EQUITY TRANSFERS 450,000 - TOTAL OPERATING BUDGET 55,843,603 59,991,133 59,383,620 59,323,196 63,243,850 VILLAGE OF MOUNT PROSPECT 2012 BUDGET SUMMARY BUDGET EXPENDITURES 2010 2011 2011 2012 2013 Actual Budget Estimate Budget Forecast VILLAGE CAPITAL BUDGET Village -Wide Improv & Eqpt 1,246,532 1,863,440 1,075,151 2,176,000 3,369,400 Station 14, EOC, and PW Expait 3,386,834 148,150 148,150 - 3,913,000 Downtown Redevelopment 1,591,550 2,955,291 4,282,000 2,747,000 2,812,000 Street Improvement Projects 2,392,581 3,182,640 3,073,932 2,261,000 3,987,000 Flood Control Projects 39,692 455,150 425,000 680,150 490,000 Motor Equipment Replacement 872,966 670,650 250,100 1,321,800 1,736,300 Computer Replacement 180,933 194,950 50,000 233,900 233,400 9,711,088 9,470,271 9,304,333 9,419,850 12,628,100 IDEBT SERVICE BUDGET 2,170,439 2,416,548 2,418,806 2,409,195 2,405,474 PENSION SYSTEMS BUDGET Miscellaneous Pensions 45,723 45,863 45,863 46,005 46,150 Police Pensions 3,434,325 3,577,110 3,707,311 3,794,470 3,913,000 Fire Pensions 3,201,910 3,269,073 3,677,594 3,795,069 3,891,016 6,681,958 6,892,046 7,430,768 7,635,544 7,850,166 VILLAGE INTERNAL SERVICES BUDGET Vehicle Maintenance Services 1,849,663 1,903,802 2,112,659 2,011,205 2,058,911 Risk Management 5,668,375 6,787,343 6,667,237 6,833,455 7,126,823 7,518,038 8,691,145 8,779,896 8,844,660 9,185,734 TOTAL VILLAGE EXPENDITURES 81,925,126 87,461,143 87,317,423 87,632,445 95,313,324 MOUNT PROSPECT LIBRARY BUDGET 9,083,006 9,801,109 9,801,109 9,926,514 (a) TOTAL - BUDGET EXPENDITURES (b) 91,008,132 97,262,252 97,118,532 97,558,959 95,313,324 (a) Figures not available as of December 20, 2011. (b) Does not include the Mount Prospect Public Library 2013 Forecast. VILLAGE OF MOUNT PROSPECT 2012 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 1,157,588 1,121,000 1,265,100 2,068,000 1,166,000 2010 2011 2011 2012 2013 Actual Budget Estimate Budget Forecast Downtown Redevelopment Construct 2,199,564 2,667,500 2,768,100 2,605,000 2,681,000 GENERAL FUND 40,712,318 40,600,430 40,775,743 41,547,482 42,532,820 1,509,100 1,555,500 1,600,500 Flood Control Construction Fund 159,003 536,079 DEBT SERVICE FUND 2,576,719 2,485,758 2,486,158 2,410,212 2,406,212 CAPITAL PROJECT FUNDS Capital Improvement Fund 1,157,588 1,121,000 1,265,100 2,068,000 1,166,000 Series 2009 Construction Fund 501,095 - - - 1,711,500 Downtown Redevelopment Construct 2,199,564 2,667,500 2,768,100 2,605,000 2,681,000 Street Improvement Construc Fund 1,875,174 1,372,000 1,509,100 1,555,500 1,600,500 Flood Control Construction Fund 159,003 536,079 562,244 665,646 700,646 DUI Fine Fund 5,892,424 5,696,579 6,104,544 6,894,146 6,148,146 SPECIAL REVENUE FUNDS Refuse Disposal Fund 4,009,121 4,090,632 4,068,132 4,469,150 4,582,650 Motor Fuel Tax Fund 1,744,093 1,485,700 1,709,873 1,711,000 1,711,500 Cmmty Development Block Grant 465,918 455,219 555,103 413,543 342,092 Asset Seizure Fund 15,912 3,500 3,225 3,500 3,500 DEA Shared Funds Fund 54 2,000 100 3,000 3,000 DUI Fine Fund 14,492 1,500 9,100 9,500 9,500 Foreign Fire Tax Board Fund 55,803 44,500 55,100 55,500 55,500 6,305,393 6,083,051 6,400,633 6,665,193 6,707,742 ENTERPRISE FUNDS Water and Sewer Fund 10,506,543 10,858,000 10,858,300 11,627,000 12,095,000 Village Parking System Fund 139,055 150,800 155,700 157,100 157,100 Parking System Revenue Fund 161,323 166,500 159,600 163,500 163,500 Risk Management Fund 10, 806, 921 11,175,300 11,173, 600 11,947,600 415,600 INTERNALSERVICE FUNDS Vehicle Maintenance Fund 1,648,471 1,903,802 1,903,402 2,011,205 2,058,911 Vehicle Replacement Fund 179,787 783,600 773,600 1,267,800 1,386,100 Computer Replacement Fund 1,193 236,921 232,521 1,000 108,485 Risk Management Fund 6,333,243 6,543,724 6,333,120 6,440,359 7,040,655 8,162,694 9,468,047 9,242,643 9,720,364 10,594,151 FIDUCIARY FUNDS Police Pension Fund 6,954,158 5,752,500 3,924,000 5,867,000 6,187,680 Fire Pension Fund 6,262,141 5,239,800 3,728,800 5,372,300 5,670,300 13,216,299 10,992,300 7,652,800 11,239,300 11,857,980 TOTAL REVENUES & OTHER SOURCES - 87,672,768 86,501,465 83,836,121 90,424,297 92,662,651 VILLAGE FUNDS MOUNT PROSPECT LIBRARY FUND 9,226,183 9,801,109 9,801,109 9,926,514 (a) TOTAL REVENUES & OTHER SOURCES - 96,898,951 96,302,574 93,637,230 100,350,811 92,662,651 VILLAGE & LIBRARY FUNDS b (a) Figures not available as of December 20, 2011. (b) Does not include the Mount Prospect Public Library 2013 Forecast. VILLAGE OF MOUNT PROSPECT 2012 BUDGET SUMMARY EXPENDITURES BY FUND 2010 2011 2011 2012 2013 Actual Budget Estimate Budget Forecast GENERAL FUND 40,493,816 40,944,547 41,260,769 41,547,482 43,433,442 DEBT SERVICE FUND 2,170,439 2,416,548 2,418,806 2,409,195 2,405,474 CAPITAL PROJECT FUNDS Capital Improvement Fund 1,246,532 1,863,440 1,075,151 2,176,000 3,369,400 Series 2009 Construction Fund 3,386,834 148,150 148,150 1,580,302 1,937,026 Downtown Redevelopment Construct 1,593,950 2,956,791 4,282,920 2,748,000 2,813,000 Street Improvement Construc Fund 1,472,581 2,572,640 2,463,932 1,217,000 2,597,000 Flood Control Construction Fund 39,692 455,150 425,000 680,150 490,000 DUI Fine Fund 7,739,589 7,996,171 8,395,153 6,821,150 9,269,400 SPECIAL REVENUE FUNDS Refuse Disposal Fund 4,002,498 4,378,894 4,300,411 4,410,220 4,570,910 Motor Fuel Tax Fund 1,525,653 1,146,302 1,176,302 1,580,302 1,937,026 Cmmty Development Block Grant 465,918 455,219 555,103 413,543 342,092 Asset Seizure Fund 6,118 3,500 13,000 3,500 3,500 DEA Shared Funds Fund 2,514 2,000 11,898 3,000 3,000 DUI Fine Fund 343 1,500 15,600 9,500 9,500 Foreign Fire Tax Board Fund 60,706 28,550 13,420 28,500 28,500 6,063,750 6,015,965 6,085,734 6,448,565 6,894,528 ENTERPRISE FUNDS Water and Sewer Fund 9,958,966 13,176,172 12,362,355 12,007,174 13,960,769 Village Parking System Fund 119,874 210,017 121,744 180,902 183,217 Parking System Revenue Fund 164,731 287,295 196,461 216,578 195,494 Risk Management Fund 10, 243, 571 13, 673, 484 12,680,560 12,404,654 14, 339, 480 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund 1,849,663 1,903,802 2,112,659 2,011,205 2,058,911 Vehicle Replacement Fund 872,966 670,650 250,100 1,321,800 1,736,300 Computer Replacement Fund 180,933 194,950 50,000 233,900 233,400 Risk Management Fund 5,674,164 6,798,843 6,678,737 6,844,955 7,138,323 8,577,726 9,568,245 9,091,496 10,411,860 11,166,934 FIDUCIARY FUNDS Police Pension Fund 3,434,325 3,577,110 3,707,311 3,794,470 3,913,000 Fire Pension Fund 3 ,201,91.0 3,269,073 3,677,594 3,795,069 3,891,016 6,636,235 6,846,183 7,384,905 7,589,539 7,804,016 TOTAL EXPENDITURES - VILLAGE FUNDS 81,925,126 87,461,143 87,317,423 87,632,445 95,313,324 IMOUNT PROSPECT LIBRARY FUND 9,083,006 9,801,109 9,801,109 9,926,514 (aj TOTAL EXPENDITURES - VILLAGE AND LIBRAR FUN (b) 91,008,132 97,262,252 97,118,532 97,558,959 95,313,324 (a) Figures not available as of December 20, 2011. (b) Does not include the Mount Prospect Public Library 2013 Forecast. f f f VILLAGE OF MOUNT PROSPECT 2012 BUDGET SUMMARY AVAILABLE FUND BALANCES 12 -31 -2012 Estimated 2012 2012 Estimated Recommended Balance Budget Budget Balance Fund Balance 1/1/2012 Revenues Expenditures 12/31/2012 12/31/2012 GENERAL FUND 9,932,965 41,547,482 41,547,482 9,932,965 107858,373 1,438,942 2,068,000 2,176,000 1,330,942 863,610 Series 2009 Construction Fund 9,682 - - 9,682 Downtown Redevelopment Construct 1,301,887 2,605,000 DEBT SERVICE FUND (11,492) 2,410,212 2,409,195 (10,475) 738,957 (182,539) Flood Control Construction Fund 11,223 665,646 680,150 (3,281) CAPITAL PROJECT FUNDS Capital Improvement Fund 1,438,942 2,068,000 2,176,000 1,330,942 863,610 Series 2009 Construction Fund 9,682 - - 9,682 Downtown Redevelopment Construct 1,301,887 2,605,000 2,748,000 1,158,887 Street Improvement Construc Fund (521,039) 1,555,500 1,217,000 (182,539) Flood Control Construction Fund 11,223 665,646 680,150 (3,281) DUI Fine Fund 2,240,695 6,894,146 6,821,150 2,313,691 863,610 SPECIAL REVENUE FUNDS Refuse Disposal Fund 2,029,356 4,469,150 4,410,220 2,088,286 1,142,728 Motor Fuel Tax Fund 303,277 1,711,000 1,580,302 433,975 484,257 cmmty Development Block Grant 288,402 413,543 413,543 (194,869) Asset Seizure Fund 50,430 3,500 3,500 50,430 DEA Shared Funds Fund 4,951 3,000 3,000 4,951 DUI Fine Fund 34,802 9,500 9,500 34,802 Foreign Fire Tax Board Fund 157,814 55,500 28,500 184,814 2,580,630 6,665,193 6,448,565 2,797,258 1,626,985 ENTERPRISE FUNDS (a) Water and Sewer Fund 4,303,135 11,627,000 12,007,174 3,922,961 4,607,054 Village Parking System Fund 312,204 157,100 180,902 288,402 60,462 Parking System Revenue Fund (194,869) 163,500 216,578 (247,947) 64,513 Risk Management Fund 4,420,470 11,947,600 12,404,654 3,963,416 4,732,029 INTERNAL SERVICE FUNDS (a) Vehicle Maintenance Fund 337,733 2,011,205 2,011,205 337,733 337,733 Vehicle Replacement Fund 6,131,354 1,267,800 1,321,800 6,077,354 6,077,354 Computer Replacement Fund 850,480 1,000 233,900 617,580 617,580 Risk Management Fund 2,594,931 6,440,359 6,844,955 2,190,335 1,583,795 9,914,498 9,720,364 10,411,860 9,223,002 8,616,462 (a) Estimated balances reflect unrestricted net assets only, VILLAGE OF MOUNT PROSPECT 2012 BUDGET SUMMARY AVAILABLE FUND BALANCES 12 -31 -2012 Estimated 2012 2012 Estimated Recommended Balance Budget Budget Balance Fund Balance 1/1/2012 Revenues Expenditures 12/31/2012 12/31/2012 FIDUCIARY FUNDS (b) Police Pension Fund 44,757,000 5,867,000 3,794,470 46,829,530 79,707,044 Fire Pension Fund 43,912,185 5,372,300 3,795,069 45,489,416 73,444,862 88,669,185 11,239,300 7,589,539 92,318,946 153,151,906 TOTAL - VILLAGE FUNDS 117,746,951 90,424,297 87,632,445 120,538,803 180,588,322 Less: Fiduciary Funds (b) (88,669,185) (11,239,300) (7,589,539) (92,318,946) (153,151,906) TOTAL AVAILABLE BALANCES VILLAGE 29,077,766 79,184,997 80,042,906 28,219,857 27,436,416 FUNDS IMOUNT PROSPECT LIBRARY FUND 4,726,962 9,926,514 9,926,514 4,726,962 4,726,962 TOTAL AVAILABLE BALANCES VILLAGE & 33,804,728 89,111,511 89,969,420 32,946,819 32,163,378 LIBRARY FUNDS (b) Fiduciary Funds are restricted for future pension benefits and do not constitute "Available Fund Balances."