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Home My WebLink AboutOrd 6124 02/04/2014 Making Certain Amendments to the Annual Budget for Fiscal Year '13ORDINANCE NO. 6124 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 4`" day of February_, 2014 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 6th day of February, 2014. ORDINANCE NO. 6124 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013 WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 2342 which sets the finances of the Village under the "Budget Officer System"; and WHEREAS, pursuant to the aforesaid Ordinance and the Statutes of the State of Illinois an annual budget for the fiscal year commencing January 1, 2013 and ending December 31, 2013 was adopted through the passage of Ordinance No. 6046 approved by the Corporate Authorities of the Village of Mount Prospect on December 18, 2012; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 6059 on March 19, 2013, amending the annual budget for the fiscal year commencing January 1, 2013 and ending December 31, 2013; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 6079 on June 18, 2013, further amending the annual budget for the fiscal year commencing January 1, 2013 and ending December 31, 2013; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 6101 on November 19, 2013, further amending the annual budget for the fiscal year commencing January 1, 2013 and ending December 31, 2013; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have reviewed certain additions and changes to the aforesaid budget for the fiscal year beginning January 1, 2013 and ending December 31, 2013; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2013 through December 31, 2013 Budget Amendment No. 4 to be in the best interest of the Village of Mount Prospect; and WHEREAS, the Village has now revised the revenue projections or has reserves in each of the Funds in which the budget is being increased adequate in amount to cover the budget changes reflected in Budget Amendment No. 4, attached hereto. NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE EXERCISE OF THEIR HOME RULE POWERS: SECTION ONE That the fiscal year budget for January 1, 2013 through December 31, 2013 for the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No. 4 attached hereto. SECTION TWO That this ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law. AYES: Hoefert, Korn, Matuszak, Polit, Rogers, Zadel NAYS: None ABSENT: None PASSED and APPROVED this 4th day of February, 2014. Arlene A. Juracek Mayor ATTEST , Mt.- -Li Angell Village Clerk t, VILLAGE OF MOUNT PROSPECT Budget Amendment No. 4 Fiscal Year January 1, 2013 through December 31, 2013 Expenditures Fund /Account Number 001 General Fund 001.10.11.00.0.001.578.005 001.20.21.00.0.050.531.001 001.30.01.00.0.000.535.001 001.30.01.00.0.000.563.003 001.30.01.00.0.000.636.027 001.30.32.00.0.000.530.006 001.50.51.00.0.000.502.001 001.50.54.00.0.000.501.001 001.60.61.65.0.000.504.001 001.60.61.65.0.000.513.001 001.60.61.65.0.000.513.002 001.60.61.66.0.000.503.001 001.60.61.66.0.000.504.001 001.60.61.66.0.000.505.001 001.60.61.66.0.000.513.002 Account Description Summer Block Party Legal - General Counsel Ambulance Billing Bank Processing Fees Arc Annexation - EGFPD Other Prof. Serv. Seasonal Earnings Part-Time Earnings Specialty Pay Sick Leave Incentive Vac /Pers Leave Incent. Overtime Specialty Pay Holiday Pay Vac /Pers Leave Incent. 001.70.01.00.0.000.513.002 Vac /Pers Leave Incent. 001.70.01.00.0.000.513.003 Retiree Sick Incentive 001.70.71.00.0.000.503.001 001.70.71.00.0.000.513.001 001.80.81.81.0.354.503.001 001.80.81.81.0.354.575.011 001.80.81.82.0.000.503.001 001.80.82.83.0.000.503.001 001.80.82.84.0.355.513.003 001.89.89.00.8.801.574.020 Overtime Sick Leave Incentive Overtime Snow Removal Overtime Overtime Retiree Sick Incentive Other Services All other General Fund accounts Total General Fund 002 Debt Service Fund 002.00.00.00.2.659.686.001 002.00.00.00.2.659.691.001 Installment Note Principal Installment Note Interest All other Debt Service Fund accounts Total Debt Service Fund 021 Series 2009 Construction Fund 021.697.001 Transfer Out All other Series 2009 Construction Fund accounts Total Series 2009 Construction Fund 024 Flood Control Construction Fund 024.564.001 Financing Costs All other Flood Control Construction Fund accounts Total Flood Control Construction Fund Current Amended Budget Increase Budget Amount (Decrease) Amount 26,700 16,000 42,700 800,000 100,000 900,000 52,500 10,000 62,500 67,000 33,000 100,000 - 57,000 57,000 15,700 20,000 35,700 38,535 5,000 43,535 41,734 10,000 51,734 188,710 37,000 225,710 32,500 15,000 47,500 50,000 25,000 75,000 87,700 10,000 97,700 45,614 9,000 54,614 37,880 5,000 42,880 5,000 15,000 20,000 5,000 8,000 13,000 - 46,000 46,000 344,378 94,000 438,378 25,000 24,000 49,000 50,025 21,000 71,025 57,620 20,000 77,620 60,030 29,000 89,030 50,025 24,000 74,025 - 8,000 8,000 11,000 103,000 114,000 2,092,651 744,000 2,836,651 42,856,975 - 42,856,975 44,949,626 744,000 45,693,626 - 25,000 25,000 - 25,000 25,000 - 50,000 50,000 2,405,477 - 2,405,477 2,405,477 50,000 2,455,477 - 37,000 37,000 - 37,000 37,000 37,000 - 37,000 - 168,000 168,000 - 168,000 168,000 3,355,950 - 3,355,950 3,355,950 168,000 3,523,950 3 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 4 Fiscal Year January 1, 2013 through December 31, 2013 Expenditures Fund /Account Number Account Description Current Budget Amount Increase (Decrease) Amended Budget Amount 048 Business District Fund 048.00.00.00.0.775.691.002 Randhurst RDA Interest All other Business District Fund accounts Total Business District Fund 050 Water and Sewer Fund 050.80.84.87.0.375.503.001 050.80.84.87.0.378.570.001 050.80.84.87.0.378.570.002 050.80.84.87.0.378.570.003 050.80.84.87.0.379.503.001 050.80.84.87.0.380.503.001 050.80.84.87.0.381.503.001 050.80.84.87.0.382.503.001 050.80.84.88.0.383.503.001 Overtime JAWA - Water Purchase JAWA - Power Cost JAWA - O &M Cost Overtime Overtime Overtime Overtime Overtime All other Water and Sewer Fund accounts Total Water and Sewer Fund 060 Vehicle Maintenance Fund 060.80.86.00.0.000.513.003 Retiree Sick Incentive 060.80.86.89.0.000.503.001 Overtime All other Vehicle Maintenance Fund accounts Total Vehicle Maintenance Fund 063 Risk Management Fund 063.697.001 Transfer Out All other Risk Management Fund accounts Total Risk Management Fund 070 Police Pension Fund 070.00.00.00.3.000.530.006 Other Prof. Serv. All other Police Pension Fund accounts Total Police Pension Fund 637,232 965,000 1,602,232 965,000 637,232 1,602,232 965,000 637,232 1,602,232 20,010 13,000 33,010 3,778,667 15,000 3,793,667 106,300 10,000 116,300 335,000 15,000 350,000 65,032 13,000 78,032 35,018 28,000 63,018 3,988 33,000 36,988 55,027 7,000 62,027 30,015 16,000 46,015 4,429,057 150,000 4,579,057 10,440,059 - 10,440,059 14,869,116 150,000 15, 019,116 - 21,000 21,000 89,972 35,000 124,972 89,972 56,000 145,972 2,063,332 - 2,063,332 2,153,304 56,000 2,209,304 - 370,000 370,000 - 370,000 370,000 7,745,192 - 7,745,192 7,745,192 370,000 8,115,192 1,000 11,000 12,000 1,000 11,000 12,000 3,992,416 - 3,992,416 3,993,416 11,000 4,004,416 4 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 4 Fiscal Year January 1, 2013 through December 31, 2013 Expenditures Fund /Account Number 071 Fire Pension Fund 071.00.00.00.3.000.528.001 Account Description Retirement Pensions All other Fire Pension Fund accounts Total Fire Pension Fund Total Village Budget Funds being changed All other Village Budget Accounts Total Village Budget after Changes Current Budget Amount Increase (Decrease) Amended Budget Amount 2,933,200 125,000 3,058,200 2,933,200 125,000 3,058,200 1,015,791 - 1,015,791 3,948,991 125,000 4,073,991 84,058,304 16,294,055 2,676,000 86,734,304 - 16,294,055 100,352,359 2,676,000 103,028,359 5