HomeMy WebLinkAboutOrd 6225 11/17/2015 Making Amendments to the Annual Budget for Fiscal Year '15ORDINANCE NO. 6225
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2015
AND ENDING DECEMBER 31,2015
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
This 17`}' day of November, 2015
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
t i s 1 7`" day of Nowenixr. 2015.
ORDINANCE NO. 6225
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2015
AND ENDING DECEMBER 31,2015
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, 2015 and ending December
31, 2015 was adopted through the passage of Ordinance No. 6170 approved by the
Corporate Authorities of the Village of Mount Prospect on December 16, 2014; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 6189 on March 16, 2015, amending the annual
budget for the fiscal year commencing January 1, 2015 and ending December 31, 2015;
and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
further reviewed certain additions and changes to the aforesaid budget for the fiscal year
beginning January 1, 2015 and ending December 3l, 2015; and
WI-IEREAS, the President and Board of Trustees of the Village of Mount Prospect
believe the changes, as specified on the attached January 1, 2015 through December 31.
2015 Budget Amendment No. 2 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 Number One, attached hereto.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY,
ILLINOIS:
SECTION ONE: That the fiscal year budget for January 1, 2015 through December 31,
2015 for the Village of Mount Prospect is hereby amended, as detailed on Budget
Amendment No. 2 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, Rogers, Polit, Saccotelli, Zadel
NAYES: None
ABSENT: Matuszak
PASSED and APPROVED this 17th day of November, 2015.
Arlene A. Jur ek
Mayor
ATTEST
(
Lisa Angell,'
Village Clerk
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2015 through December 31, 2015
Fund/Account Number
001 General Fund
001.401.001
001.401.004
001.402.007
001.410.001
001.410.004
001.410.006
001.415.004
001.416.001
001.453.011
001.70.00.0 0.0.0 00.449.001
All other General Fund accounts
Total General Fund
020 Capita/Improvement Fund
020.418.015
020.477.001
Revenues
IL Dept of Transportation 48,000 48,000
Developer Donations 20,000 28,000 48,000
20,000 76,000 96,000
All other Capital Improvement Fund accounts
Current
253,527
Amended
Total Capital Improvement Fund
Budget
Increase
Budget
Account Description
Amount
(Decrease)
Amount
ComEd Electric Tax
1,245,000
(70,000)
1'175,000
Telecomm. Tax
1,650,000
500,000
2,150,000
Real Estate Trsfr Tax
800,000
550,000
1,350,000
Building Permit
550,000
150,000
700,000
Lndlord/Rental Permit
280,000
35,000
315,000
Public Imp Ins Permit
1,000
29,000
30,000
State Sales Tax
13,418,000
582,000
14,000,000
Pers Prop Repl Tax
395,000
30,000
425,000
Parking Fines
200,000
50,000
250,000
Ambulance Transp Fee
894,000
126,000
1,020,000
19,433,000
1,982,000
21,415,000
27,387,811
27,387,811
46,820,811
1,982,000
48,802,811
IL Dept of Transportation 48,000 48,000
Developer Donations 20,000 28,000 48,000
20,000 76,000 96,000
All other Capital Improvement Fund accounts
1,247,000
253,527
1,247,000
Total Capital Improvement Fund
1,267,000
76,000
1,343,000
All other CDBG Fund accounts
80,000
023 Street Improvement Construction Fund
80,000
Total CDBG Fund
419,264
023.479.005 Miscellaneous Income
6,000
49,000
55,000
050 Water and Sewer Fund
6,000
49,000
55,000
All other Street Improvement Construction Fund accounts
3,596,100
(942,000)
3,596,100
Total Street Improvement Construction Fund
3,602,100
49,000
3,651,100
024 Flood Control Construction Fund
024.449.006 Stormwater Det Fee
All other Flood Control Construction Fund accounts
Total Flood Control Construction Fund
042 CDBG Fund
30,000 30,000
30,000 30,000
358,100 358,100
358,100 301000 388,160-
042.418,002 Comm Dev Block Grant
339,264
253,527
592,791
339,264
253,527
592,791
All other CDBG Fund accounts
80,000
80,000
Total CDBG Fund
419,264
253,527
672,791
050 Water and Sewer Fund
050.80.84.87.0.000.446.001 Water Sales
10,842,000
(942,000)
9,900,000
050.80.84.88.0.000.446.002 Sewer Fees
2,223,000
(223,000)
2,000,000
13,065,000
(1'165,000)
11,900,000
All other Water and Sewer Fund; ccounts
2,464,600
2,464,600
Total Water and Sewer Fund
15,529,600
1 °1E OOCC)
14,364,600
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2015 through December 31, 2015
Revenues
All other Police Pension F and accounts
Total Police Pension Fund
071 Fire Pension Fund
071.467.001
071.467.005
071.468.001
071.468.002
Unrealized G/L-Mgr S
Unrealized G/L-Mgr G
Market GIL on Equities
Dividend Income
All other Fire Pension Fund accounts
Total Fire Pension Fund
Total Estimated Revenues
Fund being changed
All other Village Budget accounts
Current
Account Description
070 Police Pension Fund
Budget
A mount
070.467.001
Unrealized G/L-Mgr S
070.467.003
Unrealized G/L-Mgr M
070.468.001
Market G/L on Equities
070.468.002
Dividend Income
All other Police Pension F and accounts
Total Police Pension Fund
071 Fire Pension Fund
071.467.001
071.467.005
071.468.001
071.468.002
Unrealized G/L-Mgr S
Unrealized G/L-Mgr G
Market GIL on Equities
Dividend Income
All other Fire Pension Fund accounts
Total Fire Pension Fund
Total Estimated Revenues
Fund being changed
All other Village Budget accounts
Current
Amended
Budget
A mount
Increase
Budget
Amount
100,000
(100,000)
100,000
(100,000)
2,600,000
(1,600,000)
1,000,000
700,000
(375,000)
325,000
3,500,000
(2,175,000)
1,325,000
4,625,975
4.625.975
8,125,975
(2,175,000)
5,950,975
100,000
100,000
2,565,000
700,000
3,465,000
3,936,625
7,401,625
83,524,475
26,116, 309
(100,000)
(100,000)
(1,565,000)
{600,000
(2,365,000)
(2,365,000)
1,000,000
100,000
1,100,000
3,936,625
5,036,625
(3,314,473) 80,210,002
26,116, 309
Total Estimated Revenues After Changes 109,640,784 {3,314,473) 106,326,311
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