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Home My WebLink AboutOrd 6243 04/19/2016 Making Certain Amendments to the Annual BudgetORDINANCE NO. 6243 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2016 AND ENDING DECEMBER 31, 2016 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 19'h -day of April, 2016. ORDINANCE NO. 6243 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2016 AND ENDING DECEMBER 31, 2016 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, 2016 and ending December 31, 2016 was adopted through the passage of Ordinance No. 6229 approved by the Corporate Authorities of the Village of Mount Prospect on December 15, 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, 2016 and ending December 31, 2016; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2016 through December 31, 2016 Budget Amendment No. 1 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, 2016 through December 31, 2016 for the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No. 1 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. Jurj;& Mayor ATTEST M. Lisa Angell Village Clerk VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2016 through December 31, 2016 Fund/Account Number 001 General Fund 001.20.21, 00.0.000.612.001 001.20.21.00.0.050.531.001 001.20.23.00.0, 000.525.003 001.20.24.00.0.000.530.006 001.20.25.00.0.000.561.004 001.20.90.00.0.707.530.019 001.20.90.00.0.707.561.004 001.60.01.00.0.000.520.001 001.60.01.00.0.000.560.012 001.60.01.00.0.000.655.004 001.80.83.00.0.000.562.004 001.80.90.00.1.705.675.009 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 Account Description Publications Legal -General Counsel Management Trng. Other Prof. Serv. Cloud -Based Service Network Security Assessment Cloud -Based Service Medical Examinations Computer Software Computer Eqpt - Depts Maps & Plats Sidewalk Improv Program (CIP) 2009 GO Bank Fee 2009B GO Bank Fee 2009C GO Bank Fee All other Debt Service Fund accounts Total Debt Service Fund 020 Capital Improvement Fund 020.20.90.00.1.707.665.082 020.20.90.00.1.709.665.075 020.60.90.00.1.706.647.009 020.60.90.00.1.706.647.013 020.60.90.00.1.709.668.003 020.70.90.00.1.709.668.001 020.80.90.00.0.705.679.001 020.80.90.00.0.705.679.003 020.80.90.00.1.703.677.005 020.80.90.00.1.704.678.019 020.80.90.00.1.706.649.003 020.80.90.00.1.709.668.002 020.80.90.00.1.710.641.002 Desktop Virtualization Board Room Cameras Restroom Renovations Range Firing Control System Radio Equip -Police Radio Equip -Fire D/T Streetscape Prog Parking Lot Imp Detention Pond Improv Kensington Road Improv PW Roof Repair Radio Equip -PW KBC Jogging Path Rehab All other Capital Improvement Fund accounts Total Capital Improvement Fund 022 Downtown Redevelopment Construction Fund 022.80.90.00.0.705.679.001 D/T Streetscape Prog All other Downtown Redevelopment Construction Fund accounts Total Downtown Redevelopment Construction Fund Current Budget Amount Amended Increase Budget (Decrease) Amount 1,122 650 1,772 500,000 3,000 503,000 9,000 9,000 18,000 82,440 9,500 91,940 12,495 11,000 23,495 55,000 35,000 90,000 - 16,572 16,572 29,547 10,000 39,547 12,500 11,000 23,500 15,000 22,500 37,500 1,093 4,000 5,093 140,000 120,000 260,000 858,197 252,222 1,110,419 48,800,023 49,658,220 - 48,800,023 252,222 49,91 0,T4-7- 500 500 1,000 500 500 1,000 500 500 1,000 1,500 1,500 3,000 4,976,687 - 4,976,687 4,978,187 1,500 4,979,687 - 95,000 95,000 - 44,700 44,700 - 21,000 21,000 - 78,126 78,126 - 62,860 62,860 - 64,387 64,387 - 88,213 88,213 - 58,000 58,000 - 30,000 30,000 68,000 20,086 88,086 1,075,000 65,000 1,140,000 - 62,725 62,725 512,000 276,823 788,823 1,655,000 966,920 2,621,920 926,000 - 926,000 2,581,000 966,920 3,547,920 153,858 153,858 153,858 153,858 3,387,271 - 3,387,271 3,387,271 153,858 3,541,129 Fund/Account Number VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2016 through December 31, 2016 Expenditures Account Description 023 Street Improvement Construction Fund 023.80.01.00.1.000.679.003 Parking Lot Imp 023.80.90.00.0.710.679.020 Traffic Improvements All other Street Improvement Construction Fund accounts Total Street Improvement Construction Fund Current Budget Amount Amended Increase Budget (Decrease) Amount - 58,000 50,000 50,000 50,000 108,000 3,581,000 - 3,631,000 108,000 024 Flood Control Construction Fund 024.80.90.00.0.702.677.004 Priv Prop Drainage 024.80.90.00.0.702.677.006 Prosp Mdws Flood Imp 024.80.90.00.0.702.677.017 Isabella Combined Sewer Impr. 024.80.90.00.0.702.677.018 Hydraulic Analysis All other Flood Control Construction Fund accounts Total Flood Control Construction Fund 041 Motor Fuel Tax Fund 041.80.90.00.0.704.676.003 Traffic Signal Repl All other Motor Fuel Tax Fund accounts Total Motor Fuel Tax Fund 050 Water and Sewer Fund 91,360 050.80.90.00.1.700.665.001 AMR System 050.80.90.00.1.700.671.001 Tank Repair/Ren 050.80.90.00.1.700.671.003 Water Main Repl 050.80.90.00.1.700.671.004 Tank Dsgn Engineering All other Water & Sewer Fund accounts Total Water & Sewer Fund 051 Village Parking System Fund 051.80.81.81.0.000.679.003 Parking Lot Imp All other Village Parking System Fund accounts Total Village Parking System Fund 060 Vehicle Maintenance Fund 060.80.86.00.0.000.530.006 Other Prof. Serv. All other Vehicle Maintenance Fund accounts Total Vehicle Maintenance Fund 2 58,000 100,000 158,000 3,581,000 3,739,000 100,000 91,360 191,360 - 220,000 220,000 - 568,265 568,265 - 48,000 48,000 100,000 927,625 1,027,625 739,546 - 739,546 839,546 927,625 1,767,171 50,000 97,257 147,257 50,000 97,257 147,257 2,061,834 - 2,061,834 2,111,834 97,257 2,209,091 - 281,912 281,912 650,000 912,200 1,562,200 600,000 100,000 700,000 25,000 51,100 76,100 11275,000 1,345,212 2,620,212 14,560,178 - 14,560,178 15,835,178 1,345,212 17,180,390 103,500 103,500 - 103,500 103,500 257,796 - 257,796 257,796 103,500 361,296 7,593 40,356 47,949 7,593 40,356 47,949 2,126,444 - 2,126,444 2,134,037 40,356 2,174,393 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2016 through December 31, 2016 Expenditures Fund/Account Number Account Description 061 Vehicle Replacement Fund 061.80.86.00.1.000.660.003 Police Dept Vehicles 061.80.86.00.1.000.660.005 Fire Dept. Vehicles 061.80.86.00.1.000.660.006 Public Works Vehicles All other Vehicle Replacement Fund accounts Total Vehicle Replacement Fund Total Village Budget Funds being changed All other Village Budget Accounts Total Village Budget after Changes 3 Current Budget Amount Increase (Decrease) Amended Budget Amount 374,000 87,668 461,668 850,000 5,000 855,000 1,073,000 135,000 1,208,000 2,297,000 227,668 2,524,668 30,000 - 30,000 2,327,000 227,668 2,554,668 87,741,069 4,224,118 91,965,187 24,801,733 - 24,801,733 112,542,802 4,224,118 116,766,920