HomeMy WebLinkAboutOrd 6287 12/20/2016 Authorizing the levy and collection of taxes for the corporate and municipal purposes of the Village of Mount ProspectORDINANCE NO. 6287
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, 2016 AND ENDING
DECEMBER 31, 2016
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 20th day of December, 2016
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 21" day of December, 2016.
ORDINANCE NO. 6287
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, 2016 AND ENDING
DECEMBER 31, 2016
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 Twenty -Nine Million Two -Hundred Sixty -Four Thousand
Seven Hundred Sixty -Two Dollars ($29,264,762) the same being the total amount to be
levied of budget appropriations heretofore made for the corporate and municipal purposes for
the fiscal year beginning January 1, 2016 and ending December 31, 2016 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 2016.
Section 2: The budgetary appropriations having been made by the President and
Board of Trustees of the Village of Mount Prospect were passed and approved by
Ordinance No. 6229 at a meeting hereof regularly convened and held in said Village of
Mount Prospect, Illinois, on the 15th day of December, 2015, and amended by Ordinance
No. 6243 passed and approved on the 19th day of April, 2016, and 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 VI.
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2016 TAX LEVY
ARTICLE I - POLICE PROTECTION
Amount Amount
Budgeted Levied
Personal Services
9,923,193
4,933,773
Employee Benefits
5,613,884
0
Other Employee Costs
181,697
0
Contractual Services
1,579,187
0
Utilities
42,664
0
Commodities & Supplies
140,924
0
Office Equipment
42,695
0
Other Equipment
19,500
0
Total Police Department
17,543,744
4,933,773
TOTAL BUDGET FOR POLICE PROTECTION 17,543,744
AMOUNT TO BE RAISED BY TAX LEVY 4,933,773
ADD 2% FOR LOSS & COST OF COLLECTION 98,675
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PROTECTION 5,032,448
ARTICLE II - FIRE PROTECTION
Personal Services
8,167,001
5,107,773
Employee Benefits
4,536,617
0
Other Employee Costs
189,960
0
Contractual Services
1,110,539
0
Utilities & Insurance
34,190
0
Commodities & Supplies
44,195
0
Other Expenditures
178,000
0
Building Improvements
10,400
0
Office Equipment
250
0
Other Equipment
139,835
0
Total Fire Department
14,410,987
5,107,773
TOTAL BUDGET FOR FIRE PROTECTION 14,410,987
AMOUNT TO BE RAISED BY TAX LEVY 5,107,773
ADD 2% FOR LOSS & COST OF COLLECTION 102,155
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR FIRE PROTECTION 5,209,928
N
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2016 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE III - DEBT SERVICE FUND
00 Debt Service
00 00 510 G.O. Bonds - Series 2009
Bond Principal 0 0
Interest Expense 417,262 417,262
Bank and Fiscal Fees 1,000 0
Total G.O. Bonds - Series 2009 418,262 417,262
00 00 511 G.O. Bonds - Series 2009B
Bond Principal 320,000 320,000
Interest Expense 61,275 61,275
Bank and Fiscal Fees 1,000 0
Total G.O. Bonds - Series 2009B 382,275 381,275
00 00 512 G.O. Bonds - Series 2009C
Bond Principal 75,000 75,000
Interest Expense 130,842 88,842
Bank and Fiscal Fees 1,000 0
Total G.O. Bonds - Series 2009C 206,842 163,842
00 00 514 G.O. Bonds - Series 2011B
Bond Principal 715,000 715,000
Interest Expense 75,096 75,096
Bank and Fiscal Fees 0 0
Total G.O. Bonds - Series 201113 790,096 790,096
00 00 515 G.O. Bonds - Series 2012
Bond Principal
0
0
Interest Expense
54,096
54,095
Bank and Fiscal Fees
0
0
Total G.O. Bonds - Series 2012
54,096
54,095
00 00 516 G.O. Bonds - Series 2013
Bond Principal
0
0
Interest Expense
369,956
0
Bank and Fiscal Fees
1,000
0
Total G.O. Bonds - Series 2012
370,956
0
00 00 5I7 G.O. Bonds - Series 2014
Bond Principal
305,000
305,000
Interest Expense
161,550
161,550
Bank and Fiscal Fees
1,000
0
Total G.O. Bonds - Series 2012
467,550
466,550
3
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2016 TAX LEVY
00 00 650 IEPA Loans
Loan Principal
Loan Expense
Bank and Fiscal Fees
Total IEPA Loans
00 00 659 Flood Installment Loan
Loan Principal
Loan Expense
Total IEPA Loans
TOTAL BUDGET FOR 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
DEBT SERVICE FUND
ARTICLE W - POLICE PENSION FUND
00 Police Pensions
Amount Amount
Budgeted Levied
188,903 0
8,355 0
0 0
197,258 0
420,000 0
13,878 0
433,878 0
3,321,213
2,273,120
45,463
2,318,583
Pension Benefits
4,642,976
3,351,100
Contractual Services
163,100
0
Insurance
15,000
0
Commodities & Supplies
100
0
Other Expenditures
12,000
0
Total Police Pensions
4,833,176
3,351,100
TOTAL BUDGET FOR POLICE PENSION FUND
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
4
4,833,176
3,351,100
67,022
3,418,122
VILLAGE OF MOUNT PROSPECT, ILLINOIS
ARTICLE V - FIREFIGHTERS' PENSION FUND
00 Fire Pensions
2016 TAX LEVY
Pension Benefits
Contractual Services
Insurance
Commodities & Supplies
Other Expenditures
Total Firefighters' Pensions
TOTAL BUDGET FOR FIREFIGHTERS' PENSION FUND
AMOUNT TO BE RAISED BY TAX LEVY
ADD 2% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
FIREFIGHTERS' PENSION FUND
ARTICLE VI - MOUNT PROSPECT LIBRARY FUND
90 Mount Prospect Library
Library Expenditures
Bond Principal
Interest Expense
Total Library Services
TOTAL BUDGET FOR MOUNT PROSPECT LIBRARY FUND
AMOUNT TO BE RAISED BY TAX LEVY - Library Expenditures
AMOUNT TO BE RAISED BY TAX LEVY - Bond Principal and Interest
ADD 2% FOR LOSS & COST OF COLLECTION
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
MOUNT PROSPECT LIBRARY FUND
9
Amount Amount
Budgeted Levied
4,734,831 2,694,600
139,100
0
15,000
0
1,000
0
12,000
0
4,901,931
2,694,600
4,901,931
2,694,600
53,892
2,748,492
9,304,400
9,325,246
1,375,000
1,375,000
204,150
204,150
10,883,550
10,904,396
10,883,550
9,325,246
1,579,150
218,088
11,122,484
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2016 TAX LEVY SUMMARY
Article
Fund
I
Police Protection
II
Fire Protection
III
Debt Service
IV
Police Pension
V
Firefighters' Pension
Budgeted
Village Totals
VI
Mount Prospect Library
$ 17,543,744
Library Services
98,675
Library Debt Service
14,410,987
Library Totals
102,155
Village and Library Totals
6
Amount
Total Tax
to be Raised
Amount
Levy Incl.
Amount
by
for Loss
Loss and
Budgeted
Tax Levy
and Cost
Cost
$ 17,543,744
4,933,773
98,675
5,032,448
14,410,987
5,107,773
102,155
5,209,928
3,321,213
2,273,120
45,463
2,318,583
4,833,176
3,351,100
67,022
3,418,122
4,901,931
2,694,600
53,892
2,748,492
45,011,051
18,360,366
367,207
18,727,573
9,304,400
9,325,246
186,505
9,511,751
1,579,150
1,579,150
31,583
1,610,733
10,883,550
10,904,396
218,088
11,122,484
$ 55,894,601
29,264,762
585,295
29,850,057
6
Section 3: The sum of $385,000 is budgeted to be received from personal property
replacement tax revenue during the fiscal year commencing January 1, 2016 and ending
December 31, 2016 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, within 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: Hoefert, Matuszak, Polit, Rogers, Saccotelli, Zadel
NAYES: None
ABSENT: None
PASSED and APPROVED this 20th day of December, 2016.
ATTEST:
Karen Agoranos, Deputy Village Clerk
7
t ne A. Juracek, Mayor