HomeMy WebLinkAboutOrd 6242 04/19/2016 Making Certain Amendments to the Annual BudgetORDINANCE NO. 6242
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
the 19th day of April, 2016
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 19th day of April, 2016.
ORDINANCE NO. 6242
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
passed and approved Ordinance No. 6225 on November 17, 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 31, 2015; and
WHEREAS, 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. 3 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 Three, 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. 3 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, Matuszak, Polit, Rogers, Saccotelli, Zadel
NAYES: None
ABSENT: None
PASSED and APPROVED this 19th day of April, 2016.
Arlene A. J4dcek
Mayor
ATTEST
M. Lisa Angell
Village Clerk
Fund/Account Number
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 3
Fiscal Year January 1, 2015 through December 31, 2015
Revenues
Account Description
046 Foreign Fire Tax Board Fund
046.402.004 Foreign Fire Ins Tax
All other Foreign Fire Tax Board Fund accounts
Total Foreign Fire Tax Board Fund
048 Business District Fund
048.00.00.00.0.775.402.003
048.00.00.00.0.775.402.005
048.00.00.00.0.775.402.008
048.00.00.00.0.775.405.001
048.00.00.00.0.775.415.004
048.456.001
048.487.001
Food & Beverage Tax
Hotel/Motel Tax
Movie Theatre Tax
Randhurst Business Dist
State Sales Tax
Interest Income
Transfer In
All other Business District Fund accounts
Total Business District Fund
Total Estimated Revenues
Fund being changed
All other Village Budget accounts
Total Estimated Revenues After Changes
1
Current
Budget
Amount
Amended
Increase Budget
(Decrease) Amount
70,000
12,500
82,500
70,000
12,500
82,500
100
-
100
70,100
12,500
82,600
360,000
22,283
382,283
225,000
7,216
232,216
110,000
5,569
115,569
326,000
16,040
342,040
-
123,378
123,378
-
145
145
-
81,599
81,599
1,021,000
256,230
1,277,230
256,230
1,021,000
1,277,230
1,091,100
105,235,211
106,326,311
268,730 1,359,830
- 105,235,211
268,730 106,595,041
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 3
Fiscal Year January 1, 2015 through December 31, 2015
Fund/Account Number
001 General Fund
001.00.00.00.0.000.697.001
All other General Fund accounts
Total General Fund
002 Debt Service Fund
002.00.00.00.2.510.695.008
002.00.00.00.2.511.695.009
002.00.00.00.2.512.695.010
Expenditures
Current Amended
Budget Increase Budget
Account Description Amount (Decrease) Amount
Transfers Out - 81,599 81,599
- 81,599 81,599
47,640,383 - 47,640,383
2009 GO Bank Fee
2009B GO Bank Fee
2009C GO Bank Fee
All other Debt Service Fund accounts
Total Debt Service Fund
046 Foreign Fire Tax Board Fund
046.70.71.00.0.301.530.006 Other Prof. Serv.
046.70.71.00.0.301.665.021 Furniture & Equipment
All other Foreign Fire Tax Board Fund accounts
Total Foreign Fire Tax Board Fund
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
Total Village Budget
Funds being changed
All other Village Budget Accounts
Total Village Budget after Changes
2
428
375
803
428
375
803
428
375
803
1,284
1,125
2,409
4,846,368
-
4,846,368
4,847,652
1,125
4,848,777
10,000
4,950
14,950
15,000
37,400
52,400
25,000
42,350
67,350
5,500
-
5,500
30,500
42,350
72,850
1,021,000
256,230
1,277,230
1,021,000
256,230
1,277,230
1,021,000
256,230
1,277,230
53,539,535
381,304
53,920,839
72,459,716
-
72,459,716
125,999,251
381,304
126,380,555