HomeMy WebLinkAbout5. OLD BUSINESS 12/17/02 illage of Mount Prospect
Community Development Department
MEMORANDUM
TO:
FROM:
DATE:
SUBJECT:
MICHAEL E. JANONIS, VILLAGE MANAGER
DERECTOR OF COMMUNITY DEVELOPMENT
NOVEMBER 21, 2002
EXTERIOR INSULATION FINISH SYSTEM (EIFS)
REGULATIONS /
The Village Board recently adopted an ordinance tbat prohibited the use of EIFS materials on all
structures in the Village. This outright ban was adopted in response to the many documented cases of this
material failing throughout the country. Staffhas recently been approached by representatives ora major
retailer who are proposing a project in town and strongly desire to utilize EEFS on a portion of their
facade. Therefore, staff is requesting that the Village Board consider modifying our EIFS regulations to
allow EIYS to be utilized on up to 30% of non-residential structures.
The at~ached memorandum provides greater detail about the documented problems with EIFS and some
of the more recent modifications that the EIFS manufacturers have made to address these problems. As
you will recall, staff provided the Village Board with two alternative ordinances to address the EIFS issue
both draft ordinances are attached). The previously proposed options included an outright ban of EPS
throughout the Village or an outright ban on residential applications and a limit on non-residential
applications to 30% of the fagade. The second option would allow developers of non-residentiaI
structures to utilize EIFS for amhitectural bigbligbt$ and sign bands. The 30% cap would require that the
structure be designed primarily with more traditional materials but would allow a limited use of EIFS.
The 30% cap would allow the prospective retailer to construct their prototypical building and would be a
reasonable compromise to our existing ordinance.
If the Village Board concurs with staff's recommendation, the following regulations should be adopted as
part of that amendment to ensure the proper installation of this product:
1. Allow only drainable EIFS systems - the barrier system would be prohibited,
2. Manufacturer's specification would be required for plan review (to insure proper installation),
and
3. Third party inspection by an agency with expertise in EIFS installation would be required (similar
to our practice with other specialized inspections, such as structural steel or soil testing).
Please forward this memorandum and attachments to the Village Board for their review and consideration
at their December 3rd meeting. Staffwill be present at that meeting to answer any questions related to this
matter.
William J. Cooney Jr.
ORDINANCE NO.
AN ORDINANCE AMENDING ARTICLE II OF
CHAPTER 21 OF THE MOUNT PROSPECT VILLAGE CODE
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT
PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: Chapter 21, entitled "Building Code", Article Il, General Provisions, of the Village
Code, as amended, is hereby further amended by adding a new Section 21.233, "Use of Stucco or
Engineered Stucco Systems" which shall be and read as follows:
21.233 Use of Stucco or Engineered Stucco Systems. A. Residential Applications
A. Residential Applications
The use of stucco or engineered stucco systems, including but not limited to those
commonly known as "dryvit" or exterior insulation and finish systems (EIFS), is prohibited for all
residential applications.
B. Non-Residential Applications
Stucco or an engineered stucco system may be used in non-residential applications
subject to the following conditions:
(1) not more than 30% ora building's extedor surfaces are covered by such materials;
·
such materials shall not be located any lower than eight feet from the top of the
building's foundation unless it is protected by no less than a five foot wide
landscaped buffer;,
(3) the manufacturer's specification sheets must be provided with the permit application;
(4) system must be a "water managed system" as that term is generally applied in the
industry;
(5) the system is installed according to any standards promulgated by the Director of
Community Development; and
(6)
an independent certified inspector of such systems must verify, in writing, that the
system, as built, was installed according to all manufacturer's specifications, Director
of Community Development standards and that it qualifies as a "water managed
system."
SECTION TVVO: 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:
NAYES:
ABSENT:
PASSED and APPROVED this day of ,2002
ATTEST:
Velma W. Lowe, Village Clerk
Gerald L. Farley, Village President
Village of Mount Prospect
Mount Prospect, Illinois
INTEROFFICE MEMORANDUM
TO:
FROM:
DATE:
SUBJECT:
PURPOSE:
MICHAEL JANONIS, VILLAGE MANAGER
DIRECTOR OF FINANCE
NOVEMBER 22, 2002
2002 PROPERTY TAX LEVY AND ABATEMENT ORDINANCES
To obtain approval of the attached four ordinances related to the tax levies of the Village, the Mount
Prospect Library, and the Village's special services areas.
BACKGROUND:
Pdor to December 26, 2002 the Village must have on file with the County Clerk its 2002 tax levy and
abatement ordinances. Proceeds from the 2002 tax levy will be Collected by the Village in 2003.
The Village Board first discussed the proposed 2002 tax levy at its October 22"d Committee of the Whole
meeting, at which staff recommended a net Village tax levy of $11,010,747, an increase of 4.8% over the
pdor year's levy. The Village Board officially established the tentative levy at the Board meeting of
November 6, 2002.
The Mount Prospect Library Board approved their tax levy request at its meeting of October 17th. Theyare
asking for a total levy, inclusive of a 2% provision for loss and cost, of $5,894,023. This represents an
increase of 33.4% over the 2001 levy.
DISCUSSION:
The following table summarizes the proposed 2002 tax levy for the Village and Library. The amounts
presented in the table are net of abatements and are inclusive of the 2% provision for loss and cost.
Fund 2001 LEVY 2002 LEVY INCREASE % CHANGE
VILLAGE
General $ 5,762,659 $ 6,074,610 $ 311,951 5.4%
Refuse 2,489,820 2,289,820 (200,000) (8.3)
Debt Service 686,746 851,988 165,242 24.1
Police Pension 744,090 874,653 130,563 17.6
Fire Pension 818,657 I 919,676 1.01,019 12.3
Total Village $10,501,972 I $11,010,747 $ 508,775 4.8%
LIBRARY
Operations $ 4,417,240 $ 4,241,304 $ (175,936) (4.0)%
Debt Service 0 1,652,719 1,652,719 n/a
Total Library $ 4,417,240 $ 5,894,023 $1,476,783 33.4 %
TOTAL $14,919,212 $16,904,707 $1,985;558 13.3 %
002 Property Tax Levy
November 22, 2002
Page 2
A detailed spreadsheet of all proposed levies, including detailed levies and abatements for each
outstanding bond issue, is also attached.
The Village's 2001 equalized assessed valuation (EAV) was $1,255,360,556. Our 2002 EAV is estimated
at $1,257,871,300, an increase of two-tenths of one percent. The Village's 2002 tax rate is expected to
increase to $0,8752 from the 2001 rate of $0.8365. The Library's 2002 tax rate is estimated at $0.4695,
compared to the 2001 rate of $0.3519.
For illustration purposes only, a home with an EAV of $55,400 (a market value of approx'm~ately $250,000)
will pay taxes of $446 to the Village of Mount Prospect and $260 to the Library. This represents increases
of $20 and $65, respectively, over the 2001 levy.
Special Service Area No. 5 was created in the mid-eighties to help fund the bdnging of Lake Michigan water
to the Village's water system. It is recommended the 2002 levy remain the same as the 2001 levy, that
being $1,545,773. The tax rate is estimated to be $0.1231.
Special Service Area No. 6 was created in 1987 to fund certain capital improvements in the area of George
and Albert Streets. Bonds were sold in 1988 to fund the construction. Debt service is paid by only those
property owners benefiting from the improvements. A net levy of $33,440 is being recommended. This
includes an abatement of $4,991 using available funds on hand.
The Village Board is being asked to consider four ordinances related to the 2002 tax levy. Two of the
ordinances establish the initial levy of the Village (including the Library) and the two special service areas.
There are also two abatement ordinances that reduce a portion of the debt service tax levies established by
the various bond ordinances. The proposed ordinances reflect the numbers as presented in the proposed
2003 budget.
RECOMMENDATION:
It is recommended the Village Board approve the attached 2002 tax levy and abatement ordinances.
DOUGLAS R. ELLSWORTH, CPA
DIRECTOR OF FINANCE
Attach.
DRE
I:\Taxes\Property~2001 Lev~Board Memo.doc
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES
FOR THE CORPORATE AND MUNICIPAL PURPOSES OF THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 2002 AND ENDING DECEMBER 31, 2002
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the day of ,2002
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the ..... day of ,2002.
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE CORPORATE AND MUNICIPAL PURPOSES OF
THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 2002 AND ENDING DECEMBER 31, 2002
NOW, THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the
Village of Mount Prospect, Cook County, Illinois, as follows:
Section 1: That the sum of Sixteen Million Five Hundred Seventy Three Thousand Three
Hundred and Four Dollars ($16,573,304), the same being the total amount to be levied of
budget appropriations heretofore made for the corporate and municipal purposes for the
fiscal year beghaning January 1, 2002 and ending December 31, 2002 as approved by the
President and Board of Trustees of the Village of Mount Prospect, be and the same is hereby
levied on all taxable property within the Village of Mount Prospect according to the
valuation of said property as is, or shall be assessed or equalized by the State and County
purposes for the current year 2002.
Section 2: The budgetary appropriations theretofore having been made heretofore by the
President and Board of Trustees of the Village of Mount Prospect were passed and approved
by Ordinance No. 5227 at a meeting hereof regularly convened and held in said Village of
Mount Prospect, Illinois, on the 184 day of December, 2001, and as amended by Ordinance
No. 5249 passed and approved on the 16t~ day of April, 2002, and further amended by
Ordinance No. 5288 passed and approved on the 6°~ day of November, 2002, thereafter duly
published according to law, the various objects and purposes for said budgetary
appropriations are heretofore made and set forth under the column entitled "Amount
Budgeted", and the specific amount herein levied for each object and purpose is set forth
under the column entitled "Amount Levied", in Articles I through XVIII.
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
ARTICLE I - GENERAL FUND
01 Public Representation
01
Mayor and Board of Trustees
Personal Services
Employee Benefits
Other Employee Costs
Contracttml Services
Utilities
Commo&ties & Supplies
Office Equipment
Total Mayor and Board of Trustees
02 Advisory Boards and Commi~ions
Personal Services
Employee Benefits
Other Employee COsts
ConjUgal Services
Commodities & Supplies
Total Public Representation
11 Village Administration
01
~rdlagc Manages Office
Personal Scr~iees
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Office Equipment
ToOl V'dlage Managers Office
02
Legal Services
Contractual Se~viees
Office F. quipm~mt
Tolal Legal Services
03 Personnel Services
Personal Services
Employee Benefits
Other ~mployee Costs
Amount Amount
Budgeted Levied
25,002 0
2,286 0
200 0
55,393 0
475 0
7,000 0
0 0
90,356 0
8,696 0
2,111 0
200 0
3,500 0
8O0 0
15,307 0
105,663 0
296,398 0
51,062 0
9,500 0
10,009 0
4,200 0
3,750 0
500 0
375,419 0
343,380 0
0 0
343,380 0
166,020 0
34,939 0
34,097 0
2
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Contractual Set. ices
Commodities & Supplies
Office Equipment
Total Personnel Services
04
Management Information Systems
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Office Equipment
Total Management Information Systems
05
Public Information
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Total Public Information
Total Village Administration
12 Television Services Division
02
Cable TV Operations
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Other Equipment
Total Cable TV Operations
Intergovernmental Programming
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Amount Amount
Budseted Levied
34,429 0
1,500 0
500 0
271,485 0
64,150 0
14,820 0
1,550 0
102,056 0
510 0
2,150 0
3,500 0
188,736 0
41,594 0
12,105 0
2,250 0
93,528 0
520 0
30,750 0
180,747 0
1,359,767 0
68,705 0
18,652 0
3,000 0
36,582 0
5,000 0
6,475 0
13,750 0
152,164 0
35,300 0
7,709 0
0 0
3,180 0
5OO 0
2,125 0
3
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Other Equipment
Total Intergovernmental Programming
Total Television Services Division
14 Village Clerk's Office
02
Village Clerk's Office
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Total Village Clerk's Office
17 Finance Department
01
Finance Administration
Personal Sen4e~
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Office Equipment
TOtsl F~nan~ Administration
02
Accounting
Personal Services
Employee Benefits
Contractual Services
Commodities
Total Accounting
03
Data Processing
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Commodities & Supplies
Office Equipment
Total Data Processing
Amount Amount
Bud6eted Levied
4,250 0
53,064 0
205,228 0
84,985 0
24,390 0
2,300 0
23,029 0
1,600 0
8,200 0
144,504 0
129,489 0
25,092 0
5,300 0
41,076 0
6,100 0
7,700 0
&000 0
218,757 0
228,166 0
62,643 0
6,350 0
3,000 0
300,159 0
77,744 0
23,429 0
1,000 0
95,500 0
5,150 0
2,200 0
205,023 0
4
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
04
Duplicating Services
Contractual Sendces
Commodities & Supplies
Total Duplicating Services
05
Insurance Program
Personal Services
Employee Benefits
Insurance
Total Insurance Program
06
Customer Services
Personal Services
Employee Benefits
Contractual Services
Commodities & Supplies
Total Customer Services
O7
Cash Management
Personal Services
Employee Benefits
Total Cash Management
Total Finance Department
21 Community Development Depa~ment
01
Community Development Administration
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Total Cummunity Development Administration
02
Planning & Zoning
Personal Services
Employee Bencfits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Total Planning & Zon'mg
Amount Amount
Budgeted Levied
5,300 0
6,300 0
11,600 0
46,327 0
10,503 0
236,682 0
293,512 0
220,377 0
56,430 0
42,200 0
8,129 0
327,136 0
29,898 0
7,118 0
37,016 0
1,393,203 0
143,323 0
28,399 0
1,440 0
13,611 0
3,705 0
500 0
190,978 0
155,548 0
40,984 0
3,290 0
21,698 0
3,660 0
2,610 0
227,790 0
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
03
Economic Development
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Total Economic Development
O5
Building Inspections
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Office Equipment
Totsl Building Inspections
O6
Housing Inspections
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Commodities & Supplies
Total Hous'mg Inspections
O7
Personal Sewices
Employee Benefits
Other Employee Costs
ConWactual Services
Utilities
Commodities & Supplies
Total Health Inspections
Total Community Development Dopt.
31 Hum~S~'vieesDcpartment
O1
Humau Scrviees Administration
Personal Services
Employee Bmefits
Other Employee Costs
Utilities
Amount Amount
Budgeted ... Levied
44,070 0
8,625 0
660 0
18,500 0
71,855 0
456,886 0
129,578 0
7,100 0
52,977 0
10,575 0
6,080 0
0 0
663,196 0
185,699 0
49,986 0
2,825 0
13,477 0
3,890 0
3,025 0
258,902 0
65,218 0
17,698 0
950 0
13,622 0
2,230 0
1,505 0
101,223 0
1,513,944 0
102,290 0
20,760 0
2,800 0
77,741 0
7,280 0
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
02
03
O5
Commodities & Supplies
Office Equipment
Other Equipment
Total Human Services Administration
Social Services
Personal Services
Employee Benefits
Other Employee Costs
Coniractual Services
Commodities & Supplies
Total Social Services
Nurs'mgS-Icalth Services
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Commodities & Supplies
Other Equipment
Total Nursing/Health Services
Senior Center Leisure Programs
Personal Services
Employee Benefits
Contractual Services
Commodities & Supplies
Total Senior Programs
Youth Activities
Personal Services
Employee Benefits
Other Employee Costs
Commodities & Supplies
Total Senior Programs
Total Human Services Depadment
41 Police Department
01 Police Adminhtration
Personal Services
Employee Benefits
Other Employee Costs
Amount Amount
Budgeted Levied
6,350 0
2,000 0
0 0
219,221 0
200,405 0
48,774 0
1,700 0
2,500 0
0 0
253,379 0
78,112 0
18,108 0
350 0
23,800 0
28,175 0
1,500 0
150,045 0
37,619 0
9,634 0
21,600 0
1,150 0
70,003 0
49,645 0
6,843 0
350 0
2,000 0
58,838 0
751,486 0
712,979 0
946,543 0
72,796 0
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
O2
O3
05
06
Contractual Services
Utilities
Commodities & Supplies
Office Equipment
Total Police AdminisWaton
Patrol and Traffic Enforcement
Personal Services
Employee Benefits
Contractual Services
Commodities & Supplies
Office Equipment
Other Equipment
Total Patrol and Traffic Enforcement
Crime Prevention & Public Services
Personal Services
Employee Benefits
Other ~nployee Costs
Contractual Services
Commodities & Supplies
Total Crime Prevention & Public Services
Investigative and Juvenile Program
Per~al Services
Employee Benefits
Contractual Services
Commodities & Supplies
Office Equipment
Other Equipment
Total Investigative and Juvenile Program
Crossing Guards
Personal Services
Employee Benefits
Commodities & Supplies
Total Crossing Guards
Equipment Maintenance & Operations
Con~ractual Services
Commodities & Supplies
Other Equipment
To~al Equipment Maintenance & Oper~ions
Total Police Depam~ent
Amount Amount
Budgeted Levied
166,225 0
53,000 0
11,130 0
10,550 0
1,973,223 0
4,776,369 3,334,800
634,977 0
508,767 0
44,635 0
1,000 0
14,850 0
5,980,598 3,334,800
186,201 0
21,456 0
4,900 0
2,700 0
7,250 0
222,507 0
912,076 0
101,861 0
28,140 0
4,250 0
0 0
0 0
1,046,327 0
23,058 0
1,764 0
150 0
24,972 0
582,280 0
8,000 0
9,900 0
600,180 0
9,847,807 3,334,800
8
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Budgeted Levied
42 Fire Department
01
Fire Administration
Personal Services
Employee Benefits
Other Employee Costs
Cont~ctual Services
Utilities
Commodities & Supplies
Office Equipment
Other Equipment
Total Fire Administration
506,976 0
966,015 0
57,350 0
58,751 0
1,800 0
10,450 0
10,500 0
7,500 0
1,619,342 0
O2
03
05
Fire Department Operations
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Commodities & Supplies
Building Improvements
Other Equipment
To~al Fire Depar~nent Operations
Fire Training Academy
Personal Services
Employee Benefits
Commodities & Supplies
Total Fire Training Academy
Fire Prevention
Personal Services
Employee Benefits
Other Employee Costs
Contractual Services
Commodities & Supplies
Other Equipment
Total Fire Prevention
Fire Communications
Contractual Services
Utilities
Commodities & Supplies
4,551,438 2,620,700
500,355 0
35,150 0
122,585 0
13,125 0
6,000 0
47,200 0
5,275,853 2,620,700
9,000 0
135 0
4,000 0
13,135 0
328,796 0
78,837 0
7,140 0
2,800 0
8,510 0
1,900 0
427,983 0
17,400 0
42,300 0
500 0
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
06
O7
O8
Other Equipment
Total Fire Communications
Equipment Ma'mtemmce
Personal Services
Employee Benefits
Other Employee Costs
Contractual Set. ices
Commodities & Supplies
Other Equipment
Total Equipment Maintenance
Emergency Preparedness
Other Employ~ Costs
Contractual Serv/ces
Commodities & Supplies
Total Em~gency l~paredness
Paid-On-Call Program
Personal Setvic~
Employee Benefits
Other Employee Costs
Other Equipment
Total Paid-On-Call Program
T~al Fire Department
50 Public Works- Adm'mis~ration
51
01
Public Works A dm'ml-qa'ation
Personal Seivicea
Employee Benefits
Other Employee Costs
Contractual Serviees
Utilities
Commodities & Supplies
Office Equipmmt
Total Public Works Administration
Public Works - Stree~BldgstParking
01 Street Division Admlnl.n~nttion
Personal Services
Employee Bern:fits
Total Street Division Administration
Amount Amount
Budgeted Levied
2,000 0
62,200 0
103,090 0
26,274 0
750 0
218,344 0
51,000 0
1,000 0
400,458 0
2,000 0
5,925 0
6,625 0
14,550 0
24,600 0
2,182 0
8,775 0
1,500 0
37,057 0
7,850,578 2,620,700
204,258 0
77,944 0
26,765 0
628,618 0
17,775 0
10,220 0
4,500 0
560 0
970,640 0
100,570 0
19,120 0
119,69O 0
10
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Budgeted Levied
02
04
05
06
07
O8
Ma'mtenanee of PubYlc Buildings
Personal Services
Employee Benefits
Contractual Services
Utilities
Commodities & Supplies
Total Maintenance of Public Buildings
Street Maintenance
Personal Services
Employee Benefits
Contractual Services
Commodities & Supplies
Infrastructure
Total Street Maintenance
Snow Removal
Personal Services
Employee Benefits
Contractual Services
Commodities & Supplies
Other Equipment
Total Snow Removal
Leaf Removal
Personal Services
Employee Benefits
Commodities & Supplies
Total Leaf Removal
Storm Sewer and Basin Maintenance
Personal Services
Employee Benefits
Contractual Services
Commodities & Supplies
Total Storm Sewer and Basin Maintenance
Maintenance of State Highways
Personal Services
Employee Benefits
Conh'actual Servic~
Commodities & Supplies
Total Maintenance of State Highways
11
349,831 0
84,191 0
174,350 0
12,700 0
61,000 0
682,072 0
138,954 0
28,621 0
16,445 0
34,795 0
255,500 0
474,315 0
147,378 0
27,560 0
28,390 0
9,035 0
0 0
212,363 0
117,186 0
24,627 0
14,500 0
156,313 0
95,969 0
23,475 0
17,940 0
8,600 0
145,984 0
18,839 0
4,372 0
17,070 0
21,460 0
61,741 0
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
O9
Traffic Sign Maintenance
Personal Services
Employee Benefits
Commodities & Supplies
Total Traffic Sign Maintenance
Tolai Public Works - Slreets/Bldgs/Parking
52 Public Works - Forestry/Gnnmds
52
01
Forestry Division Adminintralion
Personal Sen, ices
Employee Benefits
Total Forsstty Division Administration
02
Maintenance of Grmmds
Personal Sexadees
Employee Beaetits
Contractual 8emiees
Commodities & Supplies
Total Maintenance of Grounds
O3
Fomst~ Program
Personal S~Sc, es
Employee Bec'fits
Other Employee Costs
Contraemal ~erviees
Commodities & Supplies
Total Forestry Program
04
Public Grounds Beautification
Personal Sevviees
Employee Benefits
Contractual Setwices
Commodities & Supplies
Total Public Grounds Beautification
Totsl Public Works - Forestry/Grounds
Public Works - Engineering
01 Engineering Set~iees
Personal Services
Employee Benefits
Other Employee Costs
62,150 0
14,249 0
21,170 0
97,569 0
1,950,047 0
143,306 0
31,279 0
174,585 0
200,592 0
44,533 0
84,705 0
7,385 0
5,770 0
342,985 0
271,887 0
66,158 0
1,335 0
377,895 0
12,480 0
729,755 0
20,006 0
4,512 0
10,750 0
12,170 0
47,438 0
1,294,763 0
48~229 0
110,731 0
5,335 0
12
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Contractual Services
Commodities & Supplies
Office Equipment
Other Equipment
Total Engineering Services
O5
Traffic Control & Street Lighting
Personal Services
Employee Benefits
Contractual Services
Utilities
Commodities & Supplies
Total Traffic Signals & Street Lighting
Total Public Works - Engineering
61 Community Service Programs
01
Community Groups & Misc.
Contractual Services
O~r
To~ Co--unity Groups & Misc.
O3
4th of July & Civic Events, Etc.
Personal Services
Employee Benefits
ConWactual Services
Utilities
Commodities & Supplies
Total 4th of July & Civic Events, Etc.
Holiday Decorations
Personal Services
Employee Benefits
Contractual Services
Utilities
Commodities & Supplies
Total Holiday Decorations
O5
Blood Donor Program
Personal Services
Employee Benefits
Commodities & Supplies
Totsl Blood Donor Program
Total Community Service Programs
Amount Amount
Budgeted Levied
66,504 0
7,110 0
1,750 0
2,260 0
673,919 0
67,560 0
15,848 0
9,410 0
120,000 0
6,000 0
218,818 0
892,737 0
92,900 0
9,000 0
101,900 0
46,000 0
5,538 0
54,750 0
1,135 0
16,405 0
123,828 0
6,111 0
1,437 0
54,395 0
100 0
12,800 0
74,843 0
1,917 0
147 0
850 0
2,914 0
303,485 0
13
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Budgeted Levied
82 Retiree Pensions
01
Miscellaneous Pensions
Pension Benefits
Total Miscellaneous Pensions
Total Retiree Pensions
89 Non-Departmental
01
Contingencies
Inteffund Transfers
Total Contingencies
Total Non-Depaxtmental
TOTAL GENERAL FUND
TOTAL BUDGET FOR GENERAL FUND
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLE/JrION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR GENERAL FUND
15,627 0
15,627 0
15,627 0
0 0
0 0
0 0
28,599,479 5,955,500
28,599,479
5,955,500
119,110
6,074,610
ARTICLE H - REFUSE DISPOSAL FUND
56
Public Works - Refuse Disposal
01 Refuse Disposal Program
Personal Servieo~
Employee Benefits
Other Employee Costs
Contractual Services
Utilities
Imunmee
Commodifie~ & Supplies
Total Ref~e Disposal Program
Total Public Works - Refuse Disposal
TOTAL REFUSE DISPOSAL FUND
TOTAL BUDGET FOR REFUSE DISPOSAL FUND
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLEUFION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR REFUSE DISPOSAL FUND
71,633 0
17,670 0
1,500 0
3,151,670 2,244,922
525 0
3,843 0
6,520 0
3,253,361 2,244,922
3,253,361 2,244,922
3,253,361 2,244,922
3,253,361
2,244,922
44,898
2,289,820
14
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE HI - SERIES 1957A DEBT SERVICE FUND, PUBLIC BUILDINGS
81
Debt Service
02 G.O.Bonds- Property Taxes
Bond Principal
Interest Expense
Bank and Fiscal Fees
Total G.O.Bonds - Property Taxes
Total Debt Service
TOTAL SERIES 1987A DEBT SERVICE FUND
TOTAL BIJI~ET FOR SERIES 1987A DEBT SERVICE FLrND, PUBLIC BUILDINGS
AMOUNT TO BE RAISED BY TAX LEVY
ADD 20/0 FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 1987A DEBT SERVICE FUND, PUBLIC BUILDINGS
20,587 20,587
45,413 45,413
0 0
66,000 66,000
66,000 66,000
66,000 66,000
66,000 0
66,000
1,320
67,320
ARTICLE IV- SERIES 1996A DEBT SERVICE FUND, FLOOD CONTROL
81
Debt Service
04 G.O.Bonds- Flood Control
Bond Principal
Interest Expense
Bank and Fiscal Fees
Total O.O.Bonds - Flood Control
Total Debt Service
TOTAL SERIES 1996A DEBT SERVICE FUND
TOTAL BUDGET FOR SERIES 1996A DEBT SERVICE FUND, FI.DOD CONTROL
AMOUNT TO BE RAISED BY TAX LEVY
ADD 20/0 FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 1996A DEBT SERVICE FUND, FLOOD CONTROL
180,000 0
32,740 0
500 0
213,240 0
213,240 0
213,240 0
213,240
0
0
15
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Bud~etad Levied
ARTICLE V - SERIES 1998A DEBT SERVICE FUND, FLOOD CONTROL
81
Debt Service
04 G.O.Bonds - Flood Control
Bond Principal
Interest Expe~e
Bank and Fi.seal Fees
Total G.O.Bonds - Flood ConSol
Total Debt Service
TOTAL SERIES 1998A DEBT SERVICE FUND
TOTAL BUDGET FOR. SERIES 1998A DEBT SERVICE FUND, FLOOD CONTROL
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2o/0 FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 1998A DEBT SERVICE FUND, FLOOD CONTROL
55,000 0
12,220 0
500 0
67,720 0
67,720 0
67,720 0
67,720
0
0
ARTICLE VI - SERIES 1998A DEBT SERVICE FUND, STREET IMPROVEMENTS
81
Debt Service
05 G.O.Bonds - Street Improvements
Bond Principal
Interest Expense
Bank and Fiscal F~s
Total G.O.Bonds - Street Improvements
Total Debt Service
TOTAL SERIES 1998A DEBT SERVICE FUND
TOTAL BUDGET FOR SERIES 1995A DEBT SERVICE FUND, STREET IMPROVE.
AMOUNT TO BE RAISED BY TAX LEVY
ADD 20/0 FOR LOSS & COST OF COLSON
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 1998A DEBT SERVICE FUND, STREET IMPROVEMENTS
830,000 0
69,713 0
1,000 0
900,713 0
900,713 0
900,713 0
900,713
0
0
16
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE VII - SERIES 1998C DEBT SERVICE FUND, DOWNTOWN REDEVELOPMENT
81
Debt Service
03 G.O.Bonds - Tax Increment
Bond Principal
Interest Expense
Bank and Fiscal Fees
Total G.O.Bonds - Tax Increment
Total Debt Service
115,000 0
35,385 0
750 0
151,135 0
151,135 0
151,135 0
TOTAL SERIES 1998C DEBT SERVICE FUND
TOTAL BUDGET FOR SERIES 1998C DEBT SERVICE FUND
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 1998C DEBT SERVICE FUND, DOWNTOWN REDEVELOPMENT
151,135
0
0
ARTICLE VHI - SERIES 1999 DEBT SERVICE FUND, DOWNTOWN REDEVELOPMENT
81
Debt Service
03 G.O.Bonds - Tax Increment
Bond Principal
Interest Expense
Bank and Fiscal Fees
Total G.O.Bonds - Tax Increment
Total Debt Service
255,000 0
268,200 0
750 0
523,950 0
523,950 0
TOTAL SERIES 1999 DEBT SERVICE FUND
523,950 0
TOTAL BUDGET FOR SERIES 1999 DEBT SERVICE FUND
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 1999 DEBT SERVICE FUND, DOWNTOWN REDEVELOPMENT
523,950
0
0
17
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Bud~geted Levied
ARTICLE IX - SERIES 2000 DEBT SERVICE FUND, FLOOD CONTROL
81
Debt Service
04 G.O.Bonds- Flood Control
Bond Principal
Interest Expense
Bank and Fiscal Fees
Total G.O.Bonds - Flood Control
Total Debt Service
TOTAL SERIES 2000 DEBT SERVICE FUND
TOTAL BUDGET FOR SERrES 2000 DEBT SERVICE FUND, ~D CONTROL
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLSON
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2000 DEBT SERVICE FUND, FLOOD CONTROL
0 0
111,498 0
1,000 0
112,498 0
112,498 0
112,498 0
112,498
0
0
ARTICLE X- SERIES 2001 DEBT SERVICE FUND, PUBLIC BUILDINGS
· 81
Debt Service
02 G.O.Bonds- Property Taxes
Bond Principal
Interest Expense
Bank and Fiscal Fees
Total G.O.Bonds - Property Taxes
Total Debt Service
TOTAL SERIES 2001 DEBT SERVICE FUND
TOTAL BUDGET FOR SERIES 2001 DEBT SERVICE FUND, PUBLIC BUILDINGS
AMOUNT TO BE RAISED BY TAX LEVY
ADD 20/0 FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2001 DEBT SERVICE FUND, PUBLIC BUILDINGS
175,000 175,000
214,615 4~037
1,500 0
391,115 223,037
391,115 223,037
391,115 223,037
391,115
223,037
4,461
227,498
18
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE XI - SERIES 2002A DEBT SERVICE FUND, DOWNTOWN REDEVELOPMENT
81
Debt Service
03 G.O.Bonds - Tax Increment
Bond Principal
Interest Expense
Bank and Fiscal Fees
Total G.O.Bonds - Tax Increment
Total Debt Service
I00,000 0
4,300 0
1,588 0
105,888 0
105,888 0
TOTAL SERIES 2002A DEBT SERVICE FUND
105,888 0
TOTAL BUDGET FOR SERIES 2002A DEBT SERVICE FUND, DOWTOWN RED.
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2002A DEBT SERVICE FUND, DOWNTOWN REDEVELOPIvIENT
105,888
0
0
ARTICLE XH -SERIES 2002B DEBT SERVICE FUND, PUBLIC BUILDINGS
81
Debt Service
02 O.O.Bonds - Propen~Taxes
Bond Principal
Interest Expense
Bank and Fiscal Fees
Total GO.Bonds - Property Taxes
Total Debt Service
TOTAL SERIES 2002B DEBT SERVICE FUND
TOTAL BUDGET FOR SEKIES 2002B DEBT SERVICE FUND, PUBLIC BUILDINGS
AMOUNT TO BE RAISED BY TAX LEVY
ADD 20/o FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2002B DEBT SERVICE FUND, PUBLIC BU1LDINOS
580,200 546,245
44,760 0
750 0
625,710 546,245
625,710 546,245.
625,710 546,245
625,710
546,245
10,925
557,170..
19
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amount
Budl~eted Levied
ARTICLE XIII - SERIES 2002B DEBT SERVICE FUND, FLOOD CONTROL
81
Debt Service
04 G.O.Bonds - Flood Control
Bond 'Principal
Interest Expense
Bank and Fiscal Fees
Total GO.Bonds - Flood ConSol
Total Debt S~rvice
TOTAL SERIES 2002B DEBT SERVICE FUND
TOTAL BUDGET FOR SERIES 2002B DEBT SERVICE FUND, FIX)OD CONTROL
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLECTION
TOTAL AMOONT TO BE RAISED BY TAX LEVY FOR
SERIBS 2002B DEBT SERVICE FIJND, FLOOD CONTROL
452,100 0
28,023 0
750 0
480,873 0
480,873 0
480,873 0
480,873
0
0
0
ARTICLE XIV - SERIES 2002B DEBT SERVICE FUND, STREET IMPROVEMENTS
81 Debt Service
05 G.O.Bonds - Strcet Improvements
Bond Prindpal
Interest Expense
Bank and Fiscal Fees
Total G.O.Bonds - $~xeet Improvements
Total Debt Service
TOTAL SERIES 2002B DEBT SERVICE FUND
TOTAL BUDGET FOR SERIES 2002B DEBT SERVICE FUND, STREET 13KPROVE.
AMOUNT TO BE RAISED BY TAX LEVY
ADD 20/0 FOR LOSS & COST OF CO~ON
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2002B DEBT SERVICE FOND, STREET IMPROVEMENTS
57~000 0
26,025 0
750 0
596,775 0
596,775 0
596,775 0
596,775
0
0
20
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
.~uuount Amount
Budgeted Levied
ARTICLE XV - SERIES 2002B DEBT SERVICE FUND, WATER IMPROVEMENTS
81
Debt Service
O.O.Bonds - Water and Sewer Revenues
Bond principal
Interest Expense
Bank and Fiscal Fees
Total G.O.Bonds - Water and Sewer Revenues
Total Debt Service
TOTAL SERIES 2002B DEBT SERVICE FUND
TOTAL BUDGET FOR SERIES 2002B DEBT SERVICE WATER IMPROVEMENTS
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2002B DEBT SERVICE FUND, WATER IMPROVEMENTS
102,700 0
6,967 0
500 0
110,167 0
110,167 0
110,167 0
110,167
0
0
ARTICLE XVI - POLICE PENSION FUND
82 Retiree Pensions
O2
PoEce Pensions
Pension Benefits
Contractual Services
Total PoHc~ Pensions
Total Retiree Pensions
TOTAL POLICE PENSION FUND
TOTAL BUDGET FOR POLICE PENSION FLrN'D
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PENSION FUND
1,975,510 857,503
3,500 0
1,979,010 857,503
1,979,010 857,503
1,979,010 857,503
1,979,010
857,503
17,150
874,653
21
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY
Amount Amouat
Budgeted Levied
ARTICLE XVII - FIREFIGHTERS' PENSION FUND
82 Retiree Pensions
03
Fireflghters' Pensions
Pension Benefits
Contractual Services
Total Firefighters' Pensions
Total Retiree Pensions
TOTAL FIREFIGHTERS' PENSION FUND
TOTAL BLtDGET FOR FIREFIGHTERS' PENSION FUND
AMOUNT TO BE RAISED BY TAX LEVY
ADD 20/0 FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
FIRF, FIGHTERS' PENSION FUND
1,918,500 901,643
3,300 0
1,921,800 901,643
1,921,800 ~01,643
1,921,800 901,643
1,921,800
901,643
18,033
919,676
ARTICLE XVlH - MOUNT PROSPECT T,mRARY ~
95 Mount Prospect L~rary
02
L~rary Services
Component Unit Expenditures
Total IJbrary Services
O3
L~rary Debt Service
Bond Principal
Interest Expense
Total Library Debt Service
TOTAL MOUNT PROSPECT LIBRARY FUND
TOTAL BUDGET FOR MOUNT PROSPECT LIBRARY FUND
AMOUNT TO BE RAISED BY TAX LEVY
ADD 20/0 FOR LOSS & COST OF COLSON
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
MOUNT PROSPECT LIBRARY FUND
5,382,877 4,158,141
5,382,877 4,158,141
185,000 185,000
1,435,313 1,435,313
1,620,313 1,620,313
7,003,190 5,778,454
7,003,190
5,7~8,454
115,569
5,894,023
22
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2002 TAX LEVY SUMMARY
Article
Amount Total
to be Raised Amount Tax Levy
Amount by for Loss Incl. Loss
Fund Budgeted Tax Levy and Cost and Cost
I General
II Refuse Disposal
III Series 1987A Debt Service, Public Blds.
IV Series 1996A Debt Service, Flood Ctrl.
V Series 1998A Debt Service, Flood Ctrl.
VI Series 1998A Debt Service, Street Imp.
VII Series 1998C Debt Service, TIF
VIII Series 1999 Debt Service, TIF
IX Series 2000 Debt Service, Flood Ctrl;
X Series 2001 Debt Service, Public Bldgs
XI Series 2002A Debt Service, TIF
XII Series 2002B Debt Service, Public Bldgs
XIII Series 2002B Debt Service, Flood Ctrl.
XIV Series 2002B Debt Service, Street Imp.
XV Series 2002B Debt Service, Water
XVI Police Pension Fund
XVII Firefighters' Pension Fund
Village Totals
XVIII Mount Prospect L~rary
L~rary Services
Series 2002 Library Bonds Debt Service
L~rary Totals
Village and L~rary Totals
$ 28,599,479 5,955,500 119,110 6,074,610
3,253,361 2,244,922 44,898 2,289,820
66,000 66,000 1,320 67,320
213,240 0 (a) 0 0
67,720 0 (a) 0 0
900,712 0 (a) 0 0
151,135 0 (a) 0 0
523,950 0 (a) 0 0
112,498 0 (a) 0 0
391,115 223,037 (a) 4,461 227,498
105,888 0 (a) 0 0
625,710 546,245 (a) 10,925 557,170
480,873 0 (a) 0 0
596,775 0 (a) 0 0
110,167 0 (a) 0 0
1,979,010 857,503 17,150 874,653
1,921,800 901,643 18,033 919,676
40,099,433 10,794,850 215,897 11,010,747
5,382,877 4,158,141 83,163 4,241,304
1,620,313 1,620,313 32,406 1,652,719
7,003,190 5,778,454 115,569 5,894,023
47,102,623 16,573,304 331,466 16,904,770
(a) Amounts to be raised by tax levy h~ve been reduced by abatements to be filed of $3,500,163.
23
Section 3: The sum of $278,400 is estimated to be received from personal property
replacement tax revenue during the fiscal year commencing January 1, 2002 and ending
December 31, 2002 and has been included herein as funds to be derived from sources other
than property taxes for general obligation bonds and interest, pensions, library services and
general corporate purposes.
Section 4: That the County Clerk is directed to add 2% to the requested tax levy as a
provision for loss and cost.
Section 5: That the Village Clerk of the Village of Mount Prospect is hereby directed to
certify a copy of this Ordinance and is hereby authorized and directed to file a copy of the
same with the County Clerk of Cook County, Illinois, with'm the time specified by law.
Section 6: That, if any part or parts of this Ordinance shall be held to be unconstitutional
or otherwise invalid, such constitutionality or invalidity, shall not affect the validity of the
remaining parts of this Ordinance. The President and Board of Trustees of the Village of
Mount Prospect hereby declares that they would have passed the remaining parts of the
Ordinance of they had known that such parts or parts thereof would be declared
unconstitutional or otherwise invalid.
Section 7: That this Ordinance shall be in full force and effect from and after its passage,
approval, publication in pamphlet form and recording, as provided by law.
AYES:
NAYES:
ABSENT:
PASSED and APPROVED this day of December, 2002.
ATTEST:
Gerald L. Farley, Village President
Velma W. Lowe, Village Clerk
OI~INANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER FIVE AND SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2002 AND ENDING DECEMBER 3 i, 2002
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the __ day of ,2002
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the day of ,2002.
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF
TAXES FOR THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA
NUMBER FIVE AND SPECIAL SERVICE AREA NUMBER SIX OF THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2002 AND ENDING DECEMBER 31, 2002
NOW THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the
Village of Mount Prospect, Cook County, Illinois:
Section 1: That the sum of One Million Five Hundred Fifteen Thousand Four Hundred Sixty-
Four Dollars ($1,515,464), the same being the total amount to be levied of budget appropriations
heretofore made for the municipal purposes for the fiscal year beginning January 1, 2002, and
ending December 31, 2002, as approved by the President and Board of Trustees of the Village of
Mount Prospect, be and the same is hereby levied on all taxable property within the Special
Service Area Number 5 of the Village of Mount Prospect according to the valuation of said
property as is, or shall be, assessed or equalized by State and County purposes for the current year
2002. The budgetary appropriations having been made heretofore by the President and Board of
Trustees of the Village of Mount Prospect were passed and approved by Ordinance No. 5227 at a
meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois on the 18~
day of December, 2001, and thereafter duly published according to law, the various objects and
purposes for said budgetary appropriations were heretofore made are set forth under the column
entitled "Amount Budgeted," and the specific amount herein levied for each object and purpose is
set forth under the coluum entitled "Amount Levied" in Article I.
.Section 2: That the sum of Thirty Seven Thousand Seven Hundred and Seventy-Five Dollars
($37,775), the same being the total amount to be levied of budget appropriations heretofore made
for the municipal purposes for the fiscal year beginning January I, 2002, and ending
December 31, 2002, as approved by the President and Board of Trustees of the Village of Mount
Prospect, be and the same is hereby levied on all taxable property within the Special Service Area
Number 6 of the Village of Mount Prospect according to the valuation of said property as is, or
shall be, assessed or equalized by State and County purposes for the current year 2002. The
budgetary appropriations having been made heretofore by the President and Board of Trustees of
the Village of Mount Prospect were passed and approved by Ordinance No. 5227 at a meeting
hereof regularly convened and held in said Village of Mount Prospect, Illinois on the 18~ day of
December, 2001, and thereafter duly published according to law, the various objects and purposes
for said budgetary appropriations were heretofore made are set forth under the column entitled
"Amount Budgeted," and the specific amount herein levied for each object and purpose is set forth
under the column entitled "Amount Levied" in Article II.
ARTICLE I - SPECIAL SERVICE AREA NO. 5
61 Lake Water Acquisition
6105512-540800 SSA #5 JAWA Water
6105512-540815 SSA #5 JAWA Fixed Costs
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS AND COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5
Amount Amount
Budgeted Levied
1,598,600 370,464
1,145,000 1,145,000
2,743,600
1,515,464
30,309.
1,545,773
ARTICLE II - SPECIAL SERVICE AREA NO. 6
83 Special Service Area No. 6 Bond and Interest
8308106-710607 SSA #6 Principal
8308106-720608 SSA #6 Interest
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 6
BOND AND INTEREST
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS AND COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 6
30,000 30,000
7,775 7,775
37,775
37,775
755
38,530
Article
I Special Service Area No. 5
II Special Service Area No. 6
SUMMARY
Amount Amount to Amount for
Budqeted be Levied Loss & Cost
2,743,600 1,515,464 30,309
37,775 37,775 755
TotalTax
Levy
1,545,773
38,530
2
Section 3: That the County Clerk is directed to add 2% to the requested tax levy as a provision
for loss and cost.
Section 4: That the Village Clerk of the Village of Mount Prospect is hereby directed to certify a
copy of this Ordinance and is hereby authorized and directed to file a copy of the same with the
County Clerk of Cook County, Illinois, within the time specified by law.
Section 5: That, if any part of this Ordinance shall be held to be Unconstitutional Or otherWise
invalid, such unconstitutionality or invalidity, shall not affect the validity of the remaining pans of
this Ordinance. The President and Board of Trustees of the Village of Mount Prospect hereby
declares that they would have passed the remaining parts of the Ordinance if they had known that
such part or parts thereof would be declared unconstitutional or otherWise invalid.
Section 6: That this Ordinance shall be in full force and effect from and after its passage,
approval, publication in pamphlet form and recording, as provided by law.
AYES:
NAYS:
ABSENT:
PASSED and APPROVED this
day of ., 2002
ATTEST:
Gerald L. Farley, Village President
Velma W. Lowe, Village Clerk
ORDINANCE NO.
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF MOUNT
PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING JANUARY 1,
2002 AND ENDING DECEMBER 31, 2002
PASSED AND APPROVED BY
THE PRESIDENT AND' BOARD OF TRUSTEES
the day of ,2002
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the day of ,2002.
ORDINANCE NO.
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF MOUNT
PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING JANUARY 1,
2002 AND ENDING DECEMBER 31, 2002
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE
OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
Section One: The President and Board of Trustees of the Village of Mount Prospect find as
follows:
A. That pursuant to Village Ordinance No. 4780 adopted March 6, 1996 and
authorizing issuance of general obligation bonds for financing flood control
projects, capital projects, and cerlain public improvements within the Village's
District No. 1 Tax Increment Redevelopment Project Area there was levied for the
year 2002 the sum of $212,740.00 for bond principal and interest payments.
That pursuant to Village Ordinance No. 4917 adopted March 18, 1998 and
authorizing issuance of general obligation bonds for financing flood control
improvement projects, street improvements and the acquisition of land within the
Village's District No. 1 Tax Increment Redevelopment Project Area there was
levied for the year 2002 the sum of $966,932.50 for bond principal and interest
payments.
That purs,mnt to Village Ordinance No. 4977 adopted December 1, 1998 and
authorizing issuance of general obligation bonds for financing land acquisition
costs and other redevelopment costs within the Village's District No. 1 Tax
Increment Redevelopment Project Area there was levied for 2002 the sum of
$150,385~00 for bond principal and interest payments.
Do
That pursuant to Village Ordinance No. 4999 adopted March 2, 1999 and
authorizing issuance of general obligation bonds for financing the acquisition of
la~d within the Village's District No. 1 Tax Increment Redevelopment Project
Area there was levied for the year 2002 the sum of $523,200.00 for bond principal
and interest payments.
E. That pursuant to Village Ordinance NO. 5114 adopted June 6, 2000 and authorizing
issuance of general obligation bonds for fi~nCing various flood control capital
Go
improvements there was levied for the year 2002 the sum of $111,497.50 for bond
principal and interest payments,
That pursuant to Village Ordinance No. 5212 adopted October 2, 2001 and
authorizing issuance of general obligation bonds for financing a portion of the
construction costs of a new village hall and parking structure there was levied for
the year 2002 the sum of $389,615.00 for bond principal and interest payments.
That pursuant to Village Ordinance No. 5236 adopted March 5, 2002 and
authorizing the issuance of general obligation refunding bonds, Series 2002A, and
general obligation refunding bonds, Series 2002B, to refund the Village's Series
1993A bonds, Series 1993B bonds, and Series 1994A bonds, there was levied for
the year 2002 the sum of $1,915,075.00 for bond principal and interest payments.
That as of December 1, 2002 there has been collected, deposited to and on hand in
the Series 1996A and 1996B General Obligation Bond and Interest Funds the sum
of $212,740.00 for application to bond principal and interest payments for the
bonds issued pursuant to Village Ordinance No. 4780 adopted March 6, 1996.
That as of December 1, 2002 there has been collected, deposited to and on hand in
the Series 1998A and 1998B General Obligation Bond and Interest Funds the sum
of $966,932.50 for application to bond principal and interest payments for the
bonds issued pursuant to Village Ordinance No. 4917 adopted March 18, 1998.
That as of December 1, 2002 there is available in the Village's Downtown
Redevelopment Fund the amount of $150,385.00 for application to bond principal
and interest payments for the bonds issued pursuant to Vilhge Ordinance No. 4977
adopted December 1, 1998.
That as of December 1, 2002 there is available in the Village's Downtown
Redevelopment Fund the amount of $523,200.00 for application to bond principal
and interest payments for the bonds issued pursuant to Village Ordinance No. 4999
adopted March 2, 1999.
That as of December 1, 2002 there is available in the Village's Series 2000
General Obligation Bond and Interest Fund the sum of $111,497.50 for application
to bond principal and interest payments for the bonds issued pursuant to Village
Ordinance No. 5114 adopted June 6, 2000.
That as of December 1, 2002 there is av~Uable in the Village's Series 2001
General Obligation Bond and Interest Fund and the Village's General Fund the sum
of $166,578.00 for application to bond principal and interest payments for the
bonds issued pursuant to Vffiage Ordinance No. 5212 adopted October 2, 2001.
That as of December 1, 2002 there is available in the Village's Series 2002A and
Series 2002B Debt Service Funds the sum of $1,368,830 for application to bond
2
principal and interest payments for the bonds issued pursuant to Village Ordinance
No. 5236 adopted March 5, 2002.
Section Two: It is hereby declared and determined by the President and Board of Trustees of the
Village of Mount Prospect that the mount of $212,740.00 levied for G.O. Bond and Interest
payments for the purpose of financing flood control projects, capital projects, and certain public
improvements within the Village's District No. 1 Tax Increment Redevelopment Project Area
pursuant to Village Ordinance No. 4780 b~ and the same is hereby abated in the amount of
$212,740.00 being the entire amount levied for such bond and interest payment purposes for the
riseal year commencing January 1, 2002 and ending December 31, 2002.
Section Three: It is hereby declared and determined by the President and Board of Trustees of
the Village of Mount Prospect that the amount of $966,932.50 levied for G.O. Bond and Interest
payments for the purpose of financing flood control projects, street improvements and the
acquisition of land within the Village's District No. 1 Tax Increment Redevelopment Project Area
pursuant to Ordinance No. 4917 be and the same is hereby abated in the amount of $966,932.50
being the entire amount levied for such bond and interest payment purposes for the fiscal year
commencing January 1, 2002 and ending December 31, 2002.
Section Four: It is hereby declared by the President and Board of Trustees of the Village of
Mount Prospect that the amount of $150,385.00 levied for G.O. Bond and Interest payments for
the purpose of funding property acquisition within the Village's District No. 1 Tax Increment
Redevelopment Project Area pursuant to Ordinance No. 4977 be and the same is hereby abated in
the amount of $150,385.00 being the entire amount levied for such bond and interest payment
purposes for the fiscal year commencing January 1, 2002 and ending December 31, 2002.
Section Five: It is hereby declared by the President and Board of Trustees of the Village of
Mount Prospect that the amount of $523,200.00 levied for G.O. Bond and Interest payments for
the purpose of funding property acquisition within the Village's District No. 1 Tax Increment
Redevelopment Project Area pll~mnt to Ordinance NO. 4999 be and the Same is hereby abated in
the amount of $523,200.00 being the entire amount levied for such bond and interest payment
purposes for the fiscal year commencing January 1, 2002 and ending December 31, 2002.
Section Six: It is hereby declared by the President and Board of Trustees of the Village of
Mount Prospect that the amount of $111,497.50 levied for G.O. Bond and Interest payments for
the purpose of funding various flood control capital improvements pursuant to Ordinance No.
5114 be and the same is hereby abated in the amount of $111,497.50 being the entire amount
levied for such bond and interest payment purposes for the fiscal year commencing January 1,
2002 and ending December 31, 2002.
Section Seven: It is hereby declared by the President and Board of Trustees of the Village of
Mount Prospect that the amount of $389,615.00 levied for G.O. Bond and Interest payments for
the purpose of funding a portion of the construction costs of a new village hall and parking
structure pursuant to Ordinance No. 5212 be and the same is hereby abated in the amount of
3
$166,578.00, leaving a balance of $223,037.00 as that mount levied for such bond and interest
payments for the fiscal year commencing January 1, 2002 and ending December 31, 2002.
Section Eight: It is hereby declared by the President and Board of Trustees of the Village of
Mount Prospect that the amount of $1,915,075.00 levied for G.O. Bond and Interest payments for
the purpose of refunding a portion of the Series 1993A, Series 1993B and Series 1994A bonds
pursuant to Ordinance No. 5236 be and the same is hereby abated in the amount of
$1,368,830.00, leaving a balance of $546,245.00 as that amount levied for such bond and interest
payments for the fiscal year commencing January 1, 2002 and ending December 31, 2002.
Section Nine: Village Ordinance Nos. 4780, 4917, 4977, 4999, 5114, 5212 and 5236 are and
each is hereby amended with respect to the tax abatements declared herein and set forth in
Sections Two through Eight of this Ordinance.
Section Ten: The Village Clerk of the Village of Mount Prospect is hereby authorized and
directed to file a certified copy of this Ordinance with the County Clerk of Cook County, Illinois
within the time specified by law:
Section Eleven: This Ordinance shall be in full force and effect upon its passage, approval and
publication in pamphlet form and filing as provided by law.
AYES:
NAYS:
ABSENT:
PASSED and APPROVED this __ day of
,2002.
ATTEST:
C~rald L. Farley, Village President
Velma W. Lowe, Village Clerk
ORDINANCE NO.
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER SIX OF
THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 2002 AND ENDING DECEMBER 31, 2002
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the __ day of ,2002
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the __ day of ~ 2002.
ORDINANCE NO.
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
UNLIMITED TAX BONDS OF SPECIAL SERVICE AREA NUMBER SIX 0F
THE VILLAGE OF MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR
BEGINNING JANUARY 1, 2002 AND ENDING DECEMBER 31, 2002
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE
OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
Section One: The President and Board of Trustees of the Village of Mount Prospect find as
follows:
Ao
That pursuant to Village Ordinance No. 3950 adopted June 21, 1988 authorizing the
issuance of Unlimited Tax Bonds of Special Service Area Number 6 of the Village of
Mount Prospect there was levied for the year 2002 the sum of $37,775 for principal
and interest payments.
That as of December 1, 2002 there has been collected, deposited to and on hand in the
Article I - Unlimited Tax Bond and Interest Fund the sum of $4,991 for application to
bond and interest payments for the bonds issued pursuant to Village Ordinance 3950
adopted June 21, 1988.
Section Two: It is hereby declared and determined by the President and Board of Trustees of this
Village that the amount of $37,775 levied for Unlimited Tax Bond and Interest payments of
Special Service Area Number 6 of this Village, pursuant to Village Ordinance No. 3950 adopted
on June 21, 1988 be and the same is hereby abated in the amount of $4,991 leaving a balance of
$32,784 as that amount levied for such bond and interest payment purposes for the fiscal year
commencing January 1, 2002 and ending December 31, 2002.
Section Three: It is hereby declared and determined by the President and Board of Trustees of
the Village of Mount Prospect that Village Ordinance 3950 is hereby amended with respect to the
tax abatement declared herein and set forth in Section Two of this Ordinance.
.Section Four: The Village Clerk of the Village of Mount Prospect is hereby authorized and
directed to file a certified copy of this Ordinance with the County Clerk of Cook County, Illinois
within the time specified by law.
Section Five: This Ordinance shall be in full force and effect upon its passage, approval and
publication in pamphlet form and filing as provided by law.
AYES:
NAYS:
ABSENT:
PASSED and APPROVED this
__ day of
,2002.
ATTEST:
Gerald L. Farley, Village President
Velma W. Lowe, Village Clerk
2
Public Notice
A public hearing ~n tl~e proposed 2003 E~udget lor the Viltage of
Mount Prospect will be held on December 17, 2002 at 7:00p.m.
The meeting will be held in the Mount Prospect Park District Cen-
[ral Community Center, 1000 West Centrai Road, Mount Pros-
3ect, Illinois. The proposed budget may be examined on week-
Jays in the Office of the Village Clerk in the Village Ha, II, 100 South
Emerson Street between the hours of 8:30 e.m.and 5:00 p.m, All
interested persons wili be given an opportunity to present oral or
,wr ~ten comments.
The proposed spending plan is tor the fiscal yeb. r beginning
January 1, 2003 and ending December 31, 2003. Following is a
isummary ol the proposed budget by fund type:
Viliage F~Jnds: , ~
General Fund '. ? '" $ 29,993,'748
Special Revenue Funds 5,659,095
Debt Service Funds 5,858,792
Capital Project Funds 18,130,600
Enterprise Funds 8,966,269
internal Service Funds 7,463,214
Pension Funds 4,Q7~,068
Total Vitlage Funds $ 80,145,386
L~bre~ Funds , 26,171,717
Total Village and Library Funds $106.317099
Michael E Janonis, Village Manager
Published in the Oaily Herald December 5, 2002 {2932227)N
illage of Mount
Prospect
Mount Prospect, Illinois
INTEROFFICE MEMORANDUM
TO:
FROM:
DATE:
SUBJECT:
MICHAEL JANONIS, VILLAGE MANAGER
DIRECTOR OF FINANCE
DECEMBER 6, 2002
PROPOSED 2003 BUDGET
Attached is a revised summary of changes to the proposed 2003 Budget which
incorporates the changes recommended by the Village Board at the November 26th
Committee of the Whole meeting.
The following changes have been made: 1. $2,000 was added to the Historical Society budget line item.
2. White light installation line item was reduced by $1,000.
3. White light supplies line item was reduced by $1,000.
4. Police Patrol overtime line item was increased by $15,000.
Also attached are various budget summary pages that reflect all of the changes made thus
far. In total, the Village's budget for 2003 stands at $82,269,028, representing an increase
of 2.9%. Revenues and other financing sources for 2003 are estimated at $76,899,612, an
increase of 5.4%.
We expect to have the revised budget document published and released no later than
DOUGI'AS R. ELLSWORTH, CPA
DIRECTOR OF FINANCE
DRE/
I:\budget\2003\Memo's\Budget Changes 12-6-02.doc
VILLAGE OF MOUNT PROSPECT
2003 PROPOSED BUDGET
SUMMARY OF RECOMMENDED CHANGES
2003 BUDGET
Account Name
Account Number
GENERAL FUND
Expenditures
Village Manager's Office
Public Information
Other Professional Services 0011105-540210
Village Clerk's Office
Copier Lease Payments 0011402-540938
Finance Department
Contractual Services
Copier Lease Payments 0011704-540938
Police Department- Patrol and Traffic Control
Personal Services
Overtime Earnings
Community & Civic Services
Contractual Services
M.P. Historical Society
White Light Installation
Commodities & Supplies
White Light Supplies
Other Expenditures
Total Expenditures
2003
2003 Budget Proposed
Originally Recommended Budget
Proposed Change As Amended
52,000 7,000 59,000
0 3,840 3,840
0 3,840 3,840
0014102-500300 350,530 15,000 365,530
0016102-540980 36,000 2,000 38,000
0016104-540962 36,000 (1,000) 35,000
0016104-570855 8,820 (1,000) 7,820
29,510,398 0 29,510,398
29,993,748 29,680 30,023,428
COMMUNITY DEVELOPMENT BLOCK GRANT FUND
Revenues
Intergovernmental Revenues
CDBG Grant
Other Revenues
Total Revenues
0700000-433000
Expenditures
Community Development
CDBG Community Programs
Club RecPlex Program
Low Income Health Care
Special Leisure Services
CDBG Single Family Rehab Programs
Single Family Rehab
Other Expenditures
Total Expenditures
370,151 86,000 456,151
56,800 0 56,800
426,951 86,000 512,951
0702305-540220 3,000 500 3,500
0702305-540270 10,000 1,000 11,000
0702305-540283 2,500 (500) 2,000
0 0 0
0702307-590200 151,950 85,000 236,950
259,501 . 0 259,501
426,951 86,000 512,951
Page 1
VILLAGE OF MOUNT PROSPECT
2003 PROPOSED BUDGET
SUMMARY OF RECOMMENDED CHANGES
2003 BUDGET
Account Name
Account Number
2OO3
2003 Budget Proposed
Originally Recommended Budget
Proposed Change As Amended
CAPITAL IMPROVEMENTS FUND
Revenues
Other Revenues
Developer Donations
Other Revenues
Total Revenues
Expenditures
Community Improvement Projects
Infrastructure
Residential Street Lights
Other Expenditures
Total Expenditures
5100000-485000
5107702-690005
0 40,500 40,500
515,000 0 515,000
515,000 40,500 555,500
678,697 (535,911) 142,786
572,119 0 572,119
1,250,816 (535,911) 714,905
G.O. SERIES 2001 PROJECT FUND
Revenues
Investment Income
Interest Income
Other Revenue Accounts
Total Revenues
Expenditures
Village Improvements
Contractual Services
Other Professional Services
Building Improvements
Station 12 Improvements
Village Hall/Community Center
Parking Structure
Other Expenditures
Total Expenditures
G.O. SERIES 2003 PROJECT FUND
Revenues
Investment Income
Interest Income
Other Revenue Accounts
Total Revenues
5250000-460100
7,307 13,059 20,366
0 0 0
7,307 13,059 20,366
5257701-540110 141,000 152,873 293,873
5257701-640003 0 275,500 275,500
5257701-640015 1,500,000 (290,000) 1,210,000
5257701-640017 830,319 1,535,318 2,365,637
0 0 0
5260000-460100
2,471,319 1,673,691 4,145,010
135,440 (15,338) 120,102
12,235,000 0 12,235,000
12,370,440 (15,338) 12,355,102
Page 2
VILLAGE OF MOUNT PROSPECT
2003 PROPOSED BUDGET
SUMMARY OF RECOMMENDED CHANGES
2003 BUDGET
Account Name
Account Number
G.O, SERIES 2003 PROJECT FUND (Cont,)
Expenditures
Village Improvements
Contractual Services
Other Professional Services
Building Improvements
Station 12 Improvements
Village Hall/Community Center
Parking Structure
Other Expenditures
Total Expenditures
2OO3
2003 Budget Proposed
Originally Recommended Budget
Proposed: Change As Amended
5267701-540110 423,000 (94,000) 329,000
5267701-640003 275,500 (275,500) 0
5267701-640015 4,500,000 1,275,000 5,775,000
5267701-640017 4,469,681 (35,318) 4,434,363
605,600 0 605,600
10,273,781 870,182 11,143,963
LIBRARY FUND
Revenues
Property Taxes, Library
Property Taxes, IMRF
Property Taxes, Maint. & Repair
Property Taxes, Insurance & Audit
Property Taxes, Debt Service
Other Revenues
Total Revenues
Expenditures
Administration
Payroll
Pension
Medical Insurance
Other Administration
Postage & Printing
Programs
Contractual Services
Library Supplies
Other Operating Expenses
Audit and Insurance
Building
Utilities
Building Maintenance
Equipment Maintenance
Equipment & Equipment Rental
Other
9500000-499100
9500000-499101
9500000-499102
9500000-499103
9500000-499104
9500000-499109
9509502-900110
9509502-900120
9509502-900130
9509502-900140
9509502-900150
9509502-900155
9509502-900160
9509502-900~70
9509502-900171
9509502-900210
9509502-900200
9509502-900220
9509502-900225
9509502-900226
0 3,545,520 3,545,520
0 315,390 315,390
0 246,641 246,641
0 50,590 50,590
0 1,620,313 1,620,313
0 20,393,259 20,393,259
0 26,171,713 26,171,713
0 2,676,200 2,676,200
0 321,700 321,700
0 190,500 190,500
0 50,400 50,400
0 0 0
0 148,800 148,800
0 54,600 54,600
0 78,600 78,600
0 51,600 51,600
0 63,000 63,000
0 25,000 25,000
0 44,500 44,500
0 96,900 96,900
0 12,000 12,000
Page 3
VILLAGE OF MOUNT PROSPECT
2003 PROPOSED BUDGET
SUMMARY OF RECOMMENDED CHANGES
2003 BUDGET
Account Name
Account Number
LIBRARY FUND {Cont.)
Expenditures (Cont.)
Materials
Books
Audio Visual
Other Materials
Contingencies
Other Funds
Bldg. & Equipment Fund
Gift Fund
Library Debt Service Fund
Library Capital Projects Fund
Total Expenditures
9509502-900300
9509502-900310
9509502-900311
9509502-900312
9509502-900313
9509502-900330
9509502-900700
9509502-900701
2OO3
2003 Budget Proposed
Originally Recommended Budget
Proposed Change As Amended
0 338,400 338,400
0 79,400 79,400
0 119,800 119,800
0 300,000 300,000
0 600,000 600,000
0 300,000 300,000
0 1,620,313 1,620,313
0 19,000,000 19,000,000
0 26,171,713 26,171,713
Page 4
VILLAGE OF MOUNT PROSPECT
2003 PROPOSED BUDGET
SUMMARY OF RECOMMENDED CHANGES
2004 FORECAST BUDGET
Account Name
Account Number
GENERAL FUND
Expenditures
Village Manager's Office
Village Clerk's Office
Copier Lease Payments
Finance Department
Contractual Services
Copier Lease Payments
Other Expenditures
Total Expenditures
0011402-540938
0011704-540938
2004 Forecast
Budget
Originally
Proposed
Recommended
Change
2004 Forecast
Budget
As Amended
0 3,840 3,840
0 3,840 3~840
31,870,612 0 31,870,612
31,870,612 7,680 31,878,292
G.O, SERIES 2003 PROJECT FUND
Revenues
Investment Income
Interest Income
Other Revenue Accounts
Total Revenues
Expenditures
Village Improvements
Building Improvements
Village Hall/Community Center
Parking Structure
Construction Contingencies
Other Expenditures
Total Expenditures
5260000-460100
4,588 (1,641) 2,947
0 0 0
4,588 (1,641) 2,947
5267701-640015 1,000,000 115,000 1,115,000
5267701-640017 1,000,000 (1,000,000) 0
5267701-640023 3,957 (2,161) 1,796
97,290 0 97,290
2,101,247 (887,161) 1,214,086
Page 1
II
VILLAGE OF MOUN ROSPE
2003 BUDGET SUMMARY
TOTAL VILLAGE BUDGET
2001 2002 2002 2003
2004
Actual Budget Estimate Budget Forecast
REVENUES AND OTHER SouRcES ·
Property Taxes 9,788,28i 10,481,059 10~520,768 10,930,576 11,455,364
Other Taxes 10,180,223 10,136,112 9,925,314 10,606,790 10,775,246
Licenses, Permits & Fees 2,967,003 3,000,200 2,980,530 2,767,330 2,780,830
Intergovernmental Revenue 15,432,125 17,124,437 16,400,799 15,642,253 16,0i2,121
Charges for Service 12,804,435 13,358,504 13,399,125 14,385,786 15,307,164
Fines and Forfeits 553,687 459,700 502,700 512~960 529,700
Investment Income 7,517,698 5,090,157 3,078,688 4,555,565 4,461,101
Reimbursements 751,236 561,410 719~225 357,820 368,200
Other Revenue 3,307,920 3,402,188 3,483,429 3,748,855 3,979,479
Interfund Transfers 641,970 1,865,928 1,865,928 [,096,677 1,009,130
Other Financing Sources .... 5,789,236 7,482,421 7,482,421 12,295,000 60,000
Village Revenues and Other Sources 69,733~814 72,962,116 70,358,927 76,899,612 66,738,335
Mount Prospect Library Revenues 4,469,111 5,382,877 5,382,877
Total Revenues and Other Sousces 74,202,925
26,171,713 (a)
78,344,993 75,741,804 103,071,325 66,738,335
BUDGET EXPENDITURES
Village Operating Budget
Village Capital Budget
Debt Service Budget
Pension Systems Budget
Internal Services Budget
Total Village Expenditures
Mount Prospect Library Budget
Total Expenditures
40,123,386 42,204,955 41,338,773 44,124,504 45,631,709
7,634,354 15,301,401 12,756,505 22,394,914 8,448,686
4,363,237 13,155,446 13,149,366 5,858,792 5,976,312
3,511,970 3,952,767 3,827,672 4,113,425 4,238,106
4,950,662 5,360,043 5,297,408 5,777,393 6,495,093
60,583,609 79,974,612 76,369,724 82,269,028 70,789,906
4,055,191
64,638,800
5,382,877 5,382,877 26,171,713 (a)
85,357,489 81,752,601 108,440,741(d) 70,789,906(d)
CHANGES IN FUND BALANCES (d)
Excess (Deficiency) of Revenues &
Other Sources Over Expenditures 9,564,125 (7,012,496) (6,010,797) (5,369,416) (4,051,571)
Fund Balances
Start of Budget Year
End of Budget Year '
Less: Pension Fund Balances ( e )
Available Fund Balances,
101,783,480 111,347,605 111,347,605 105,336,808 99,967,392
111,347,605 104,335,109 105,336,808 99,967,392 95,915,821
(64,529,582) (67,467,743) (65,166,447) (67,473,053) (69,899,630)
46,818,023 36,867,366 40,170,361 32,494,339 26,016,191
(a)
Co)
(c)
(d)
Not available as of December 17, 2002.
Internal Services Budget includes the Vehicle Maintenance Fund and ~e Risk Management Fund only. The
Equipment Replacement FUnd and Computer Replacement Fund aTM ~eluded With the Village Capital Budget.
Pension Fund Balances are reserved for pension benefits and not available for appropriation.
Does not include the results of operation of the Mount Prnspeet Library.
VILLAGE OF MOUNT PROSPECT
2003 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY REVENUE TYPE
2001 2002 2002 2003 2004
Actual Budget Estimate Budget Forecast
PROPERTVTAXES
OTHER TAXES
Home Rule Sales Tax
Food & Beverage Tax
Special Service Area Taxes
Property Tax Increment
Real Estate Transtbr Tax
Utility Taxes
Municipal Motor Fuel Tax
Other Taxes
9,788,281 10,481,059 10,520,768 10,930,576
11,455,364
2,874,440 2,776,742 2,530,000 2,580,600 2,632,212
640,353 644,184 644,178 657,065 670,206
1,531,324 1,580,848 1,580,319 1,570,150 1,569,375
804,700 953,876 954,686 1,128,217 1,441,000
826,717 715,000 770,000 750,000 780,000
3,147,580 3,115,366 3,108,966 3,580,028 3,337,623
153,336 150,000 150,000 150,000 150,000
201,773 200,096 187,165 190,730 194,830
10,180,223 10,136,112 9,925,314 10,606,790 10,775,246
LICENSES, PERMITS & FEES
Vehicle Licenses
Other Licenses
Permit Fees
Infi'astructure Mtc Fee
Franchise Fee
Other Fees
1,359,476 1,368,000 1,368,000 1,368,000 t,368,000
349,250 348,000 349,730 350,730 351,730
381,294 424,700 424,500 427,500 430,500
214,262 316,200 230,000
339,628 265,000 340,000 346,800 353,700
323,093 278,300 268,300 274,300 276,900
2,967,003 3,000,200 2,980,530 2,767,330 2,780,830
INTERGOVERNMENTAL REVENUE
State Sales Tax
State Income Tax
State Motor Fuel Tax
Other State Taxes
Community Devl Block Grant
Other Grants
CHARGES FOR SERVICE
Water & Sewer Charges
Parking Charges
Refitse Disposal Charges
Internal Service Fund Charges
Other Service Charges
FINES AND FORFEITS
INVESTMENT INCOME
GeneralFund
Pension Funds
Other Funds
7,729,085 7,856,964 8,265,850 8,540,200 9,168,300
4,049,867 4,175,000 3,644,880 3,754,226 3,866,850
1,542,199 1,554,245 1,580,000 1,611,000 1,643}000
958,622 1,001,500 797,455 780,303 800,706
590,005 771,272 771,272 456,151 372,915
562,347 1,765,456 1,341,342 500,373 160,350
15,432,125 17,124,437 16,400,799 15,642,253 16,012,121
5,946,488 6,337,412 6,373,912 6,590,800 6,852,700
163,671 174,000 164,000 164,000 164,000
911,271 915,250 930,300 972,300 1,001,300
5,047,160 5,151,666 5,151,666 5,843,733 6,450,126
735,845 780,176 779,247 814,953 839,038
12,804,435 13,358,504 13,399,125 14,385,786 15,307,164
553,687 459,700 502,700 512,960 529,700
492,969 345,000 285,000 265,000 265,000
5,407,500 3,704,000 1,955,000 3,615,000 3,715,000
1,617,229 1,041,157 838,688 675,565 481,101
7,517,698 5,090,157 3,078,688 4,555,565 4,461,101
VILLAGE OF MOUNT ~RoSPECT ]
2003 BUDGET SUM~V~Y I
REVENUES AND OTItER SOURCES BX REVENUE TYPE
Actual Budget Estimate Budget Forecast
REIMBURSEMENTS
751,236 561,410 719,225 357,820 368,200
1,437,150 1,589,919 1,589,920 1,810,214 1,898,584
87,750 40,500 45,900 40,500
1,454,933 1,565,919 1,565,919 1,687,191 1,867,445
328,087 205,850 281,690 210,950 213,450
3,307,920 3,402,188 3,483,429 3,748,855 3,979,479
OTHER REVENUE
Village Police & Fire Pension Comributi0ns
Developer Donations
Employee & Retiree Contributions
Other Revenue
OTHER FINANCING SOURCES
Bead Proceeds 5,000,000 6,197,421 6,197,421 12,235,000
EPA Flood Loan :. -
Sale of Property, 789,236 1,285,000 1,285,000 60,000 60,000
5,789,236 7,482,421 7,482,421 12,295,000 60,000
MOUNT PROSPE~ LIBBY ~NUES 4,469,111 5,382,877 5,382,877 26,171,713 (a)
~,~,..~r:..?..,,~:~::~.77,,.:-.'' ,,-:..,:.... ... '..... ~ .g~,:, .:
C~NGES ~ F~D BAL~CES
Tom R~enU~ & O~ S6U~ 7~202,925 78,344,993 75,741,804 103,071,325 66,738,335
To~l Ex~ndi~r~ ~,638;800 85,357,489 81,752,601 108,440,741 70,789,~
Additions to <Use o~ Fund Balancce 9,564,125 (7,012,496) (6,010,797) (5,369,416) (4,051~71)
ANALYSIS OF CHANGES IN FUND BALANCES
Additions to PenSiOn F~d B~e~S 8~i 148 2 245 242 636 865 2 306,606 2,426,577
Additions to Other Fund Balan~ 8 722,977
<Use of> Other Fund Balances (9,257,738) (6,647,662) (7,676,022) (6,478,148)
9,564,125 (7,012,496) (6,010,797) (5,369,416) (4,051,571)
(a) Figures not available as of December 17, 2002.
Co) Does not include the Mount Prospect Library.
VILLAGE OF MOUNT PROSPECT
2003 BUDGET SUMMARY
BUDGET EXPENDITURES
2001 2002 2002 2003 2004
Actual Budget Estimate Budget Forecast
VILLAGE OPERATING BUDGET
[ PUBLIC REPRESENTATION 100,589 105,468 104,461 104,167 ti0,938
VILLAGE ADMINISTRATION
Village Manager's Office
Television Services Division
Village Clerk's Office
Finance Department
Totals
1,264,541 1,359,962 1,331,543 1,785,366 1,832,902
182,592 205,228 202,417 181,389 193,356
152,695 144,504 147,357 150,792 160,172
1,313,569 1,393,203 1,391,843 1,293,086 1,371,654
2,913,397 3,102,897 3,073,160 3,410,633 3,558,084
COMMUNITY DEVELOPMENT
Community Development
Community Development/CDBG
Totals
1,581,012 1,514,389 1,510,389 1,549,758 1,825,028
654,850 844,042 821,282 512,951 429,715
2,235,862 2,358,431 2,331,671 2,062,709 2,254,743
HUMAN SERVICES DEPARTMENT
635,160 751,486 725,940 756,285 815,376 I
PUBLIC SAFETY AND PROTECTION
Police Department
Fire Department
Totals
9,540,896 9,856,315 9,736,298 10,483,729 10,952,534
7,619,558 7,850,578 7,815,354 8,353,838 8,789,330
17,t60,454 17,706,893 17,551,652 18,837,567 19,741,864
PUBLIC WORKS DEPARTMENT
Administration
StYeets/B ldgs/Parking
Forestry
Engineering
Water/Sewer
Refuse Disposal
Totals
942,406 970,640 949,517 969,874 1,028,316
2,331,250 2,524,250 2,418,269 2,233,879 2,377,865
1,243,629 1,312,531 1,289,200 1,318,443 1,416,137
1,016,690 1,209,537 1,174,485 1,022,119 1,072,916
7,439,884 8,238,513 7,870,898 8,723,797 8,660,026
3,176,980 3,253,36t 3,178,745 3,307,863 3,343,701
16,150,839 17,508,832 16,881,114 17,575,975 17,898,961
I COMMUNITY
SERVICE PROGRAMS
285,115 303,485 303,312 280,491 289,013
CONTINGENCIES & EQUITY TRANSFERS
641,970 367,463 367,463 1,096,677 962,730
}~OTAI,,. O,P~..,RATING. . BUDGET . .' 40,123,386 42,201,955 :.' -~,1338,¢~3:? i44,124,,r~04. ):
l
VILLAGE OF MOUNT PROSPECT
2003 BUDGET SUMMARy
BuD%T
Actual Budget Estimate Budget Forecast
VILLAGE CAPITAL BUDGET
Village Improvements & Equip
Community improvement Projects
Downtown Redeveloprc~nt Constr
Flood Control Projects
Street Improvement Projects
Motor Equipment Replacement
Computer Replacement
Totals
509,344 4,357~586 2,460,085 15,861,092 1,694,846
344348 812,152 808,402 142,786 215,000
1,055,555 1,551,977 980,075 761,542 220,710
726,777 2,589,261 2,597,261 265,000 500,000
4,288,847 4,455,743 4,455,743 3,688,673 4,550,530
673,128 1327,957 1,348,026 1,464,571 1,093,100
36,255 106,725 106,913 211,250 174,500
7,634,354 15,301,401 · 12,756,505 22,394,914 8,448,686
DEBT SERVICE BUDGET
Debt Service - Property Tax 635,641
Debt Service - Tax Increment 1,311,101
Debt Service - Home Rule Sales Tax 1 1 493 399
Debt Service - Home Rule Sales Tax 2 880,791
Debt Service - Special Service Area 42,305
Totals 4,363,237
3,841,071 3,839,563 2,056,053 2,028,172
2,359,478 2,357,976 780,585 912,075
3,318;392 3,316,604 1,487,540 1,499,369
3~596,450 , 3~595,168 1,496,839 1,496,201
40,055 40,055 37,775 40,495
13,155,446 13,149,366 5,858,792 5,976,312
PENSION SYSTEMS BUDGET
Miscellaneous Pensions
Police Pensions
Fire Pensions
Totals
51,042 51,957 51,957 52,875 53,791
1,728,981 1,979,010 1,906,088 2,071,900 2,140,020
1,731,947 1,921,800 1,869,627 1,988,650 2,044,295
3,511,970 3,952,767 3,827,672 4,113,425 4,238,106
VILLAGE INTERNAL SERVICES BUDGET
Vehicle Maintenance Services
1,042,527 1,168,979
1,152,988 1,144,297 1,227,908
Risk Management
Casualty and Property Insurance 1,215,390
· Medic, al Insurance 2,692,745
Totals 4,950,662
1,028,957 985,592 915,013 911,836
3,162,107 3,158,828 3,718,083 4,355,349
5,360,043 5,297,408 5,777,393 6,495,093
MOUNT PROSPECT LIBRARy BUDGET 4105S,19i 5,38~,877 5382;877 26}i7i~7i3 (a) [
·..~rO~, .A_ 1 ~_~t!DG I-;T FJ~PEN DITURE S, . . . ".' '! .;' .~)'~'-'¢...'-,64,638,,800,.. .~.. .... '.' 85,357,489' :.~,D81~52,601 ~>.. , , . ?.108,~0,741.. .-"7. 9~90600 '-'., .
(a) Figures not available as of December 17, 2002.
(b) Does not include the Mount Prospect Library.
VILLAGE OF MOUNT PROSPECT
2002 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY FUND
2001 2002 2002 2003 2004
Actual Budget Estimate Budget Forecast
GENERAL FUND
28,081,184 28,382,315
28,369,170 29,221,405
SPECIAL REVENUE FUNDS
Refuse Disposal Fund
Motor Fuel Tax Fund
Law Enfomement Block Grant
Community Develpmnt Block Grot
Asset Seizure Fund
DEA Shared Funds Fund
DUI Fine Fund
DEBT SERVICES FUNDS
G.O. Bonds - Property Taxes
G.O. Bonds - Tax Increment
G.O. Bonds - Home Rule Sales Tax 1
G.O. Bonds - Home Rule Sales Tax 2
Special Service Area Bonds
CAPITAL PROJECTS FUNDS
Capital Improvement Fund
Series 2001 Project Fund
Series 2003 Project Fund
Capital Improvement Const Fund
Downtown Redevlpnmt Const
Street Improvement Const Fund
Flood Control Const Fund
ENTERPRISE FUNDS
Water And Sewer Fund
Parking System Revenue Fund
INTERNAL SERVICE FUNDS
Vehicle Maintenance Fund
Vehicle Replacement Fund
Computer Replacement Fund
Risk Management Fund
3,344,793 3,457,972 3,478,273 3,280,673 3,309,673
1,657,216 1,624,395 1,630,275 1,641,250 1,673,250
5,060 25,446 25,526 12,173
654,850 821,282 821,282 512,951 429,715
28,331 7,250 7,250 7,200 7,200
41,086 12,000 12,000 12,000 12,000
15,371 6,300 6,350 6,050 6,050
5,746,707 5,954,645 5,980,956 5,472,297 5,437,888
660,625 3,809,096 3,808,688 1,952,515 1,988,591
1,068,787 1,954,387 1,949,315 874,833 1,010,549
1,447,298 3,264,841 3,125,189 1,299,161 1,322,188
1,049,496 3,504,048 3,378,397 1,303,674 1,372,951
40,142 36,548 36,123 33,531 32,681
4,266,348 12,568,920 12,297,712
5,463,714 5,726,960
1,2t0,330 1,048,150 574,450
5,021,245 135,588 83,731
7,871 2,100 2,100
872,853 1,249,640 1,249,740
2,395,753 1,854,992 1,857,586
178,619 1,075,000 1,060,000
9,686,671 5,365,470 4,827,607
7,697,200 8,042,712 8,028,737
343,126 202,200 188,240
8,040,326 8,244,912 8,216,977
555,500 170}000
20,366
12,355,102 2,947
259,600 438,000
1,820,765 1,509,715
20,000 15,000
15,031,333 2,135,662
8,212,925 8,474,825.-I
189,200 189,200 I
8,402,125 8,664,025 [
1,151,531 1,155,478
1,154,894 1,060,651
137,172 200,053
3446,594 3,831,663
6,190,191 6,247,845
1,156,978 1,144,297 1,227,908
1,060,651 1,027,561 1 }027,561
199,053 227,476 223,357
3,800,913 4,529,130 5,193,437
6,217,595 6,928,464 7,672,263
VILLAGE OF MOUNT PROSPECT
2002 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY FUND
2001 2002 2002 2003 2004
Actual Budget Estimate Budget Forecast
FIDUCIARY FUNDS
Police Pension Fund
Fire Pension Fund
Benefit Trust #2 Fund
Escrow Deposit Fund
3,770,506 3,093,539 2,157,540 3,108,033 3,272,709
3,931,969 3,103,370 2,290,370 3,272,141 3,338,183
3,231 l, 100 1,000 t 00
16,681
7,722,387 6,198,009 4,448,910 6,380,274 6,610.892
MOUNT PROSPECT LIBRARY FUND
!;-'~,~'~.,,..'::) ,.. ,;.t., '.; ..., · ...','to.,.,. ;..,. ' , ,:, .' ... .
~,, ;,',."OiJ]i~n(,l'. ~: 'l;lliI{AR'} '['UNBS" :'
4,469,111 5,382,87~ 5,382,8~7 i6,i7i17i~ (aj I
I
' 7~ 202 925' ; 78~44.093 7~.741,804 ' ~03,07~;~ZS ':ga,~a,3~s(ti)'
, ;. ?~'-~ ;~:... · ;, ,..
(a) Figures not available as of December 17, 2002.
Does not include the Mount Prospect Libraq'.
VILLAGE OF MOUNT PROSPECT
2003 BUDGET SUMMARY
EXPENDITURES BY FUND
2001 2002 2002 2003 2004
Actual Budget Estimate Budget Forecasl
GENERAL FUND
28,118,941 28,599,479 28,198,486 30,023.428
31,878,292
SPECIAL REVENUE FUNDS
Refuse Disposal Fund
Motor Fuel Tax Fund
Community Development Block Grant
Local Law Enforcement Block Grant
Asset Seizure Fund
DEA Shared Funds Fund
DUI Fine Fund
Totals
3,176,980 3,253,361 3,178,745 3,307,863 3~343,701
1,352,366 2,376,903 2,596,903 1,886,033 1,910,920
654,850 844,042 821,282 512,951 429,715
5,061 25346 25,446 12,173
6,143 7,808 7,808 8,850 7,070
5,225 4,700
10.823 700 700 12.000 3.000
5,206,223 6,508,260 6.630,g84 5,745,095 5,699,106
DEBT SERVICE FUNDS
G.O. Bonds - Property Taxes
G.O. Bonds - Tax Increment
G.O. Bonds - Home Rule Sales Tax 1
G.O. Bonds - Home Rule Sales Tax 2
Special Service Area Bonds
Totals
635,641 3,841,071 3,839,563 2,056,053 2,028,172
1,311,101 2,359,478 2,357,976 780,585 912,075
1,493,399 3,318,392 3,316,604 1,487,540 1,499,369
880,791 3,596,450 3,595,168 1,496,839 1,496,201
42,305 40,055 40,055 37,775 40,495
4,363,237 13,155,446 13,149,366 5,858~792 5,976,312
CAPITAL PROJECTS FUNDS
Capital Improvement Fund
Series 2001 Project Fund
Series 2003 Project Fund
Capital Improvement Const Fund
Downtown Redevelop Const Fund
Street Improvement Const Fund
Flood Contxol Const Fund
Totals
650,192 2,638,934 2;396,556 714,905 1,857,480
183,786 2,455,420 796,547 4,145,010
11,143,963 1,214,086
42,752 153,938 153,938
1,055,985 1,552,422 980,520 762,007 221,195
3,174,213 2,856,788 2,636,788 3,107,677 2,730,730
726,777 2,449,261 2,457,261 265,000 330,000
5,833,705 12,106,763 9,421,610 20,138,562 6,353,491
8,238,513 71870,898 8,723,797 8,660,026
516,518 516,320 242,472 265,371
8,755,031 8,387,218 8,966,269 8,925,397
ENTERPRISE FUNDS
Water and Sewer Fund
Parking System Revenue Fund
Totals
7,439,884
387,892
7,827,776
INTERNAL SERVICE FUNDS
Vehicle Maintenance Fund
Vehicle Replacement Fund
Computer Replacement
Risk Management Fund
Totals
1,042,527 1,168;979 1,152,988 1,144,297 1,227,908
743,128 1,427,957 1,348,026 1,464,571 1,093,100
36,255 106,725 106,913 211,250 174,500
3,915,367 4,208,832 4,162,188 4,643,096 5,277,485
5,737,277 6,912,493 6,770,115 7,463,214 7,772,993
VILLAGE OF MOUNT PROSPECT
2003 BUDGET SUMMARY
EXPENDITURES BY FUND
2001 2002 2002 2003 2004
Actual Budget Estimate Budget Forecast
FIDUCIARY FUNDS
Police Pension Fund 1,728,981 1,979,010 1,906,088 2,071,900 2,140,020
Fire Pension Fund 1,731,947 1,921,800 1,869,627 1,985,650 2,044,295
Benefit Trust #2 Fund 35,522 36,330 36,330 13,1 ! 8
Totals 3,496,450 3,937,140 3,812,045 4,073,668 4,184,315
IMOUNT PROSPECT L1BRARY BUDGET 4,055,191 5,382,877 5,382,877 26,171,713 (a) ]
...~'.~OT. AI, I'.Xl I.ND.I I IRI.S - . .... .. ,. . ">"
'. .... 85.357,489
I
:~{'.::~'. VII.I;AGI';;~N9 LlliRAI{3~I~]NI)S ~. ' ". ' ' .. :' &:: .....'? :'. '
(a) Figures not available as of December 17, 2002.
(b) Does not include the Mount Prospect Library.
:003 BUDGET sUMMARy
I
AVAILABLE FUND BALANCES i2~31-2003
Recommended
Eslinlaled 2003 2003 }:stimatod . Fund
BalallCe Iiudllel I~tldget Balallee ' Balal~ce .'
12131102 I~evenues I.:xFendilnres 12/31/03 12131103
[ GENE~L ~ND 9,588,386 29,22':40} 30,02~28 5.780.~63 7.969,573
SPECIAL REVENUE FUNDS
Refuse Disposal Fund
Motor Fuel Tax Fund
Community Development Block Grot
Local Law Enl. Block Grant
Asset Seizure Fund
DEA Shared Funds Fund
DUI Fine Fund
TOTAL
243 ~ "'
53,086 12.00:? %225 59.S61 · .;;- ·
10,198 6,050 12.00~: ,,2,$ . : , -
3,579,002 5fi72.29~ 5 745.095 .~.306.,.0., : l.,31~J 655
DEBT SERVICES FUNDS
G.O. Bonds - Property Taxes 336,626
G.O. Bonds - Tax Increment 354,297
G.O. Bonds - Home Rule Sele~ Tax 1 40~;,334
G.O. Bonds - Home Rule Sales Tax 2 412,005
Special Service Area Bonds 18,92S
TOTAL 1.5 ~ 0,190
1,9~2,5! 5 2.05 (!,'~" ',~' ~x ..
874.833 '.'80.5.q~' .148.545 · ' .45~;O40.
1.299,161 1, ~ ,5 *" ~'<' '74,~68~
I,~03,67A 1,196.839 215.8401 1l . .'
33.531 37,775 1.,.6S4 ' ','
5Ao3.~.., 5.85~,792 I.~35,112
CAPITAL PROJECTS FUNDS
Capital lmprovemeat Fund
Series 2001 Project Fund
Series 2003 Project Fund
Downtown Redevelop Const Fund
Street Improvement Const Fund
Flood Conh'ol Const Fund
TOTAL
1,90':,0S7 555/30' 71.1.905 I.-.17.6~,2 .' ' .'1,7,~7}68~:
.~ ~ ' . ~ ' :":~. 3~'":":? I
4,124,614 20,366 .,.~ .,(.I '~ .".' -:e-". '1
12.3.55.1(1:I I,I I ;.96:.~ I.?.1
100,55.t 259,600 7,$2.(107
1,s2o,'i6s :,yr',67 .'
1,a36.79. 20.000 1.091
9.8.:0.132 1~.,03 Lx33
8.2!2.925 ;~,72~,,797 '- ~'4 ~'2 '} -6~:'1
i s9.2oo sor.(,.IS ,...
8.402,125 8.966,269 3.q52.717 2..
I';NTERPRISE I:UNDS
Water :md Sewer Fun:! (a)
Pa!kmL: System Revenm! Fmtd (a)
TOTAL
3,555,9.14
560,917
4.116.861
VILLAGE OF MOUNT'PROSPECT
2003 BUDGET SUMMARY
AVAILABLE FUND BALANCES 12-31-2003
Rt'eomm~ncled
[..stunnted 2003 2003 EstJmatetl ':...:',l~md
Balance Budget I~u(lget I~nlance . ~.~l~nc~' ~
12/31/02 Revenues I.:xpen(lilure~ 12/31/03 .1~!~11113 .
INTERNAL SERVICI~ FI'5, DS
Vehicle Maintenance i't::~d
Vehicle Replacemenl I:u!'.l (al
Computer Replaceme, · I:P'id (n)
Risk Management l'urd
TOTAL
PENSION FUNDS
Police Pension Fund 31,6.: 7.6-,I 3. ! ','i: .0; ~ 'L(~"I ?? '~'
Fire Pension Fund 3371~,,755 3.2-?.1.:1
Benefit Trust #2 Fund I :,01 ~, ! 0,,
TOTAL 65,166.~4': 6.~30.27J -I,~,-.-' .(~6,,
Totals - Village Funds 102,324,674 76,899,612 82,269,028 96 955 258~,-.~
Less: Pension Funds lb)
(65,166,4471 (6,380,274) (4,073,668) (67 473 0531 ~,~.~:$j~'0~0):
MOUNT PROSPECT LIBRARY FUND
(a)
(e)
Estimated balances reflect cash and iavestraent balance, not fund equity.
Pension Funds are restricted for future pension benefits and do not constitute "Available Fund Balances.'
Not available December 17, 2002.
ORDINANCE NO.
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE
OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING
JANUARY 1, 2003 AND ENDING DECEMBER 31, 2003 IN LIEU OF
PASSAGE OF AN APPROPRIATION ORDINANCE
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the__day of ,2002
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the day of ., 2002.
ORDINANCE NO.
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE
OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING
JANUARY 1, 2003 AND ENDING DECEMBER 31, 2003 IN LIEU OF
PASSAGE OF AN APPROPRIATION ORDINANCE
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect in accordance with
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, 2003 and ending December 31, 2003, 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 8, 2002 for public inspection, as provided by Statute; and
WHEREAS, pursuant to notice duly published on December 5, 2002, a public hearing was held by the
President and Board of Trustees on said tentative annual budget on December 17, 2002, as provided bY
Statute; and
WHEREAS, 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.
NOW, 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, 2003 and ending December 31, 2003, 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 1,2003
and ending December 31, 2003, duly certified by the Chief FiScal Officer.
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:
NAYS:
ABSENT:
PASSED AND APPROVED this
day of
,2002.
ATTEST:
Gerald L. Farley, Village President
Velma W. Lowe, Village Clerk
2