HomeMy WebLinkAboutOrd 6290 12/20/2016 Adopting an Annual Budget for the fiscal year commencing January 1, 2017ORDINANCE NO. 6290
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
COMMENCING JANUARY 1, 2017 AND ENDING DECEMBER 31, 2017
IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
This 201h day of December, 2016
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
this 21 st day of December, 2016.
ORDINANCE NO. 6290
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
COMMENCING JANUARY 1, 2017 AND ENDING DECEMBER 31, 2017
IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect in accordance
with State Statutes, have provided for the preparation and adoption of an Annual Budget in lieu
of passage of an Appropriation Ordinance; and
WHEREAS, the tentative Annual Budget for the Village of Mount Prospect for the fiscal year
beginning January 1, 2017 and ending December 31, 2017, as prepared by the Budget Officer for
the Village and submitted to the President and Board of Trustees, was placed on file in the Office
of the Village Clerk on October 6, 2016 for public inspection, as provided by Statute; and
WHEREAS, pursuant to notice duly published on November 8, 2016, a public hearing was held
by the President and Board of Trustees on said tentative annual budget on November 15, 2016,
as provided by Statute; and
WHEREAS, following said public hearing, said tentative Annual Budget was reviewed by the
President and Board of Trustees and a copy of said tentative Annual Budget is attached hereto
and hereby made a part hereof.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The Annual Budget for the Village of Mount Prospect for the fiscal year
beginning January 1, 2017 and ending December 31, 2017, a copy of which is attached hereto
and made a part hereof, is hereby approved and adopted as the Annual Budget for the Village of
Mount Prospect for said fiscal year.
SECTION TWO: Within thirty (30) days following the adoption of this Ordinance there shall be
filed with the County Clerk of Cook County a copy thereof duly certified by the Village Clerk
and Estimate of Revenues by source anticipated to be received by the Village in the fiscal year
beginning January 1, 2017 and ending December 31, 2017, duly certified by the Chief Fiscal
Office
SECTION THREE: This Ordinance shall be in full force and effect from and after its passage,
approval and publication in pamphlet form in the manner provided by law.
AYES: Hoefert, Matuszak, Polit, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: None
PASSED AND APPROVED this 201h _day of December, 2016.
A0he A. Juracek, Mayor
ATTEST:
/e� " ojjw�
Karen Agoranos, Deputy Village Clerk
VILLAGE OF MU.,,aT PROSPECT
2017 BUDGET SUMMARY
TOTAL VILLAGE BUDGET
CHANGES IN FUND BALANCE
Excess (Deficiency) of Revenues &
Other Sources Over Expenditures 2,300,545 (1,714,412) (1,725,986) 4,560,198 2,944,124
FUND BALANCE
Start of Budget Year 157,064,301 159,364,846 159,364,846 157,638,860 162,199,058
End of Budget Year
Less: Pension Fund Balances (b)
Actual
Budget
Estimate
Budget
Forecast
AVAILABLE FUND BALANCE
2015
2016
2016
2017
2018
REVENUES AND OTHER SOURCES
Property Taxes
21,769,995
22,784,200
22,786,200
20,092,000
19,368,000
Other Taxes
14,305,753
14,198,368
14,048,368
14,489,092
14,803,518
Licenses, Permits & Fees
3,067,905
2,944,000
2,999,000
3,029,000
3,029,000
Intergovernmental Revenue
25,821,774
25,413,467
28,282,827
29,309,261
29,488,224
Charges for Services
27,983,964
30,766,533
29,319,838
30,074,981
31,093,755
Fines & Forfeits
725,065
656,100
644,100
641,100
642,100
Investment Income
2,603,791
8,485,500
6,799,200
7,925,100
8,382,100
Reimbursements
9,155,496
194,500
286,000
240,500
243,500
Other Revenue
9,210,824
9,609,840
9,607,700
10,924,005
11,243,100
Other Financing Sources
301,171
-
664,544
600,000
425,000
Total Revenues & Other Sources
114,945,738
115,052,508
115,437,777
117,325,039
118,718,297
BUDGET EXPENDITURES
Village Operating Budget
62,939,403
68,383,810
67,919,240
70,641,337
72,382,201
Village Capital Budget
24,714,503
22,299,393
21,447,074
14,692,247
15,327,822
Debt Services Budget
4,848,505
4,979,687
4,979,687
4,922,013
5,037,284
Pension Systems Budget
9,468,704
9,780,823
9,923,453
10,334,501
10,624,700
Internal Services Budget (a)
9,115,249
10,226,107
9,934,221
9,853,743
10,167,166
Business District Fund
1,277,230
1,097,100
2,295,544
1,721,000
1,810,000
Interfund Transfers
281,599
-
664,544
600,000
425,000
Total Expenditures
112,645,193
116,766,920
117,163,763
112,764,841
115,774,173
CHANGES IN FUND BALANCE
Excess (Deficiency) of Revenues &
Other Sources Over Expenditures 2,300,545 (1,714,412) (1,725,986) 4,560,198 2,944,124
FUND BALANCE
Start of Budget Year 157,064,301 159,364,846 159,364,846 157,638,860 162,199,058
End of Budget Year
Less: Pension Fund Balances (b)
159,364,846
(115,356,742)
157,650,434
(121,503,875)
157,638,860
(119,603,805)
162,199,058
(125,843,790)
165,143,182
(132,474,840)
AVAILABLE FUND BALANCE
44,008,104
36,146,559
38,035,055
36,355,268
32,668,342
(a) Internal Services Budget includes Vehicle Maintenance Fund and Risk Management Fund. The Motor Equipment
Replacement Fund and Computer Replacement Funds are included in the Village Capital Budget.
(b) Pension Fund Balances are reserved for pension benefits and not available for appropriation.
VILLAGE OF MOL.,, f PROSPECT
2017 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY REVENUE TYPE
Actual
Budget
Estimate
Budget
Forecast
2015
2016
2016
2017
2018
REVENUES BY TYPE
Property Taxes
21,769,995
22,784,200
22,786,200
20,092,000
19,368,000
Other Taxes
14,305,753
14,198,368
14,048,368
14,489,092
14,803,518
Licenses, Permits & Fees
3,067,905
2,944,000
2,999,000
3,029,000
3,029,000
Intergovernmental Revenue
25,821,774
25,413,467
28,282,827
29,309,261
29,488,224
Charges For Services
27,983,964
30,766,533
29,319,838
30,074,981
31,093,755
Fines & Forfeits
725,065
656,100
644,100
641,100
642,100
Investment Income
2,603,791
8,485,500
6,799,200
7,925,100
8,382,100
Reimbursements
9,155,496
194,500
286,000
240,500
243,500
Other Revenue
9,210,824
9,609,840
9,607,700
10,924,005
11,243,100
Total Revenues
114,644,567
115,052,508
114,773,233
116,725,039
118,293,297
OTHER FINANCING SOURCES
Interfund Transfers
281,599
-
664,544
600,000
600,000
Sale of Property/Other
19,572
-
-
(175,000)
Total Other Financing Sources
301,171
-
664,544
600,000
425,000
TOTAL REVENUES AND OTHER SOURCES
114,945,738
115,052,508
115,437,777
117,325,039
118,718,297
CHANGES IN FUND BALANCE
Total Revenues & Other Sources
114,945,738
115,052,508
115,437,777
117,325,039
118,718,297
Total Expenditures
112,645,193
116,766,920
117,163,763
112,764,841
115,774,173
Additionsto(Use of) Fund Balances
2,300,545
(1,714,412)
(1,725,986)
4,560,198
2,944,124
ANALYSIS OF CHANGES IN FUND BALANCE
Additions to (Use of) Pension Fund Balances
(31,525)
6,147,133
4,247,063
6,239,985
6,631,050
Additions to (Use of) Other Fund Balances
2,332,070
(7,861,545)
(5,973;049)
(1,679,787)
(3,686,926)
Additionsto(Use of) Fund Balances
2,300,545
(1,714,412)
(1,725,986)
4,560,198
2,944,124
VILLAGE OF M(,.,.. r PROSPECT
2017 BUDGET SUMMARY
BUDGET EXPENDITURES
Actual Budget Estimate Budget Forecast
2015 2016 2016 2017 2018
OPERATING BUDGET
PUBLIC REPRESENTATION 605,329 693,608 767,390 807,219 740,910
VILLAGE ADMINISTRATION
Village Manager's Office, Legal Sery
1,401,074
1,312,776
1,669,929
1,353,274
1,360,454
Village Clerk's Office
209,690
238,198
250,761
252,988
258,748
Human Resources
331,807
358,603
393,723
424,981
404,510
Information Technology
1,150,744
1,339,006
1,399,596
1,549,874
1,603,674
Communications
372,101
452,997
466,905
531,008
538,387
Total Village Administration
3,465,416
3,701,580
4,180,914
4,112,125
4,165,773
FINANCE DEPARTMENT
1,945,585
2,035,030
2,018,529
2,729,370
2,765,485
COMMUNITY DEVELOPMENT DEPARTMENT
13,226,832
14,410.987
14,395,674
15,044,830
15,336.644
Community Development
2,104,966
2,426,654
2,327,660
2,441,991
2,495,622
CDBG
431,708
587,104
597,104
590,921
592,904
Total Community Development Dept
2,536,674
3,013,758
2,924,764
3,032,912
3,088,526
HUMAN SERVICES DEPARTMENT 1,048,465 1,107,503 1,100,420 1,133,296 1,152,099
PUBLIC SAFETY AND PROTECTION
Police Department
16,293,832
17,543,744
17,196,264
18,206,171
18,846,696
Fire Deoartment
13,226,832
14,410.987
14,395,674
15,044,830
15,336.644
Total Public Safety and Protection
29,520,664
31,954,731
31,591,938
33,251,001
34,183,340
PUBLIC WORKS DEPARTMENT
Administration
1,547, 604
1,658,112
1,689,026
1,624,660
1,694,120
Streets/Buildings
2,837,060
3,206,224
3,211,739
3,282,372
3,349,774
Forestry and Grounds
1,459,118
1,706,132
1,702,129
1,755,131
1,791,708
Engineering
1,439,622
1,483,280
1,483,251
1,534,147
1,527,413
Refuse Disposal
4,437,074
4,769,144
4,474,578
4,504,265
4,662,824
Water and Sewer Division
11,853,688
12,617,248
12,332,232
12,600,314
12,980,992
Parking
243.104
437,460
442.330
274,525
279.237
Total Public Works Department
23,817,270
25,877,600
25,335,285
25,575,414
26,286,068
TOTAL OPERATING BUDGET 62,939,403 68,383,810 67,919,240 70,641,337 72,382,201
VILLAGE OF M(,_.. f PROSPECT
2017 BUDGET SUMMARY
BUDGET EXPENDITURES
(a) Internal Services Budget includes Vehicle Maintenance Fund and Risk Management Fund. The Motor Equipment
Replacement Fund and Computer Replacement Funds are included in the Village Capital Budget.
Actual
Budget
Estimate
Budget
Forecast
2015
2016
2016
2017
2018
CAPITAL BUDGET
Community Investment Program
20,527,090
16,350,008
15,397,789
11,911,693
12,994,489
Other Capital Fund Expenditures
4,187,413
5,949,385
6,049,285
2,780,554
2,333,333
Total Capital Budget
24,714,503
22,299,393
21,447,074
14,692,247
15,327,822
DEBT SERVICE BUDGET
4,848,505
4,979,687
4,979,687
4,922,013
5,037,284
PENSION SYSTEMS BUDGET
Miscellaneous Pensions
46,455
46,616
46,616
46,781
46,950
Police Pensions
4,685,033
4,833,176
4,801,976
4,938,310
5,068,901
Fire Pensions
4,737,216
4 901031
5,074,861
5 349 410
5,508,849
Total Pension Systems Budget
9,468,704
9,780,823
9,923,453
10,334,501
10,624,700
INTERNAL SERVICES BUDGET (a)
Vehicle Maintenance
2,019,510
2,174,393
2,062,921
2,174,423
2,220,230
Risk Management
7,095,739
8,051,714
7,871,300
7,679,320
7,946,936
Total Internal Services Budget (a)
9,115,249
10,226,107
9,934,221
9,853,743
10,167,166
BUSINESS DISTRICT FUND
1,277,230
1,097,100
2,295,544
1,721,000
1,810,000
INTERFUND TRANSFERS
281,599
-
664,544
600,000
425,000
TOTAL EXPENDITURES
112,645,193
116,766,920
117,163,763
112,764,841
115,774,173
(a) Internal Services Budget includes Vehicle Maintenance Fund and Risk Management Fund. The Motor Equipment
Replacement Fund and Computer Replacement Funds are included in the Village Capital Budget.
VILLAGE OF h._ .NT PROSPECT
2017 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY FUND
Actual Budget Estimate Budget Forecast
2015 2016 2016 2017 2018
GENERAL FUND 50,320,913 49,658,220 51,910,780 53,331,595 54,346,546
DEBT SERVICE FUND 4,871,072 4,987,011 4,987,011 4,928,492 5,043,718
CAPITAL PROJECTS FUNDS
23,535,736
15,984,300
14,614,600
15,861,100
14,786,100
Capital Improvement Fund
1,361,326
1,415,500
1,424,000
2,065,000
1,935,000
Downtown Redevelopment Construct
2,580,177
2,998,500
3,003,500
-
-
Street Improvement Construc Fund
3,601,966
3,761,500
3,792,000
3,847,000
3,892,000
Flood Control Construction Fund
408,005
447,000
491,000
496,000
526,000
Total Capital Projects Funds
7,951,474
8,622,500
8,710,500
6,408,000
6,353,000
SPECIAL REVENUE FUNDS
23,535,736
15,984,300
14,614,600
15,861,100
14,786,100
Refuse Disposal Fund
3,978,818
4,600,000
4,578,000
4,610,000
4,736,000
Motor Fuel Tax Fund
1,338,976
1,237,500
1,407,000
1,419,000
1,419,000
CDBG
431,708
587,104
597,104
590,921
592,904
Asset Seizure Fund
18,023
15,100
15,200
10,200
10,200
Federal Equitable Share Funds
12
200
200
200
200
DUI Fine Fund
36,127
20,100
25,100
20,100
20,100
Foreign Fire Tax Board Fund
82,540
70,100
86,000
86,000
86,000
Business District Fund
1,277,230
1,097,100
2,295,544
1,721,000
1,810,000
Total Special Revenue Funds
7,163,434
7,627,204
9,004,148
8,457,421
8,674,404
ENTERPRISE FUNDS
Water and Sewer Fund 22,972,292 15,669,600 14,300,500 15,516,000 14,441,000
Village Parking System Fund 140,821 168,700 168,100 184,100 184,100
Parking System Revenue Fund 422,623 146,000 146,000 161,000 161,000
Total Enterprise Funds
23,535,736
15,984,300
14,614,600
15,861,100
14,786,100
INTERNAL SERVICE FUNDS
Vehicle Maintenance Fund
2,160,182
2,044,649
2,044,649
2,030,564
2,220,230
Vehicle Replacement Fund
1,430,350
1,608,200
1,622,200
1,673,000
1,673,000
Computer Replacement Fund
272,844
254,550
255,150
242,329
238,713
Risk Management Fund
7,849,009
8,384,534
8,164,839
7,864,833
8,173,786
Total Internal Service Funds
11,712,385
12,291,933
12,086,838
11,810,726
12,305,729
FIDUCIARY FUNDS
Police Pension Fund
4,365,147
8,266,000
7,385,800
8,525,125
8,969,000
Fire Pension Fund
5,025,577
7,615,340
6,738,100
8,002,580
8,239,800
Total Fiduciary Funds 9,390,724 15,881,340 14,123,900 16,527,705 17,208,800
TOTAL REVENUES & OTHER SOURCES 114,945,738 115,052,508 115,437,777 117,325,039 118,718,297
VILLAGE OF h._.NT PROSPECT
2017 BUDGET SUMMARY
EXPENDITURES BY FUND
Actual
Budget
Estimate
Budget
Forecast
2015
2016
2016
2017
2018
GENERAL FUND 45,945,581
49,910,442
50,615,021
53,331,595
54,334,611
DEBT SERVICE FUND 4,848,505
4,979,687
4,979,687
4,922,013
5,037,284
CAPITAL PROJECTS FUNDS
Capital Improvement Fund
1,870,950
3,547,920
3,496,720
2,248,892
2,973,677
Downtown Redevelopment Construct
3,682,910
3,541,129
3,781,129
-
-
Street Improvement Construc Fund
6,253,074
3,739,000
3,664,000
4,012,000
4,117,000
Flood Control Construction Fund
9,191,573
1,767,171
1,782,071
795,744
593,553
Total Capital Projects Funds
20,998,507
12,595,220
12,723,920
7,056,636
7,684,230
SPECIAL REVENUE FUNDS
Refuse Disposal Fund
4,440,426
4,769,144
4,474,578
4,519,265
4,662,824
Motor Fuel Tax Fund
808,665
2,209,091
1,609,091
1,897,071
1,598,673
CDBG
431,708
587,104
597,104
590,921
592,904
Asset Seizure Fund
9,044
7,000
7,000
7,000
7,000
Federal Equitable Share Funds
-
2,000
2,000
2,000
2,000
DUI Fine Fund
12,473
2,000
30,000
20,000
20,000
Foreign Fire Tax Board Fund
67,788
50,500
62,500
65,500
65,500
Business District Fund
1,277,230
1,097,100
2,295,544
1,721,000
1,810,000
Total Special Revenue Funds
7,047,334
8,723,939
9,077,817
8,822,757
8,758,901
ENTERPRISE FUNDS
Water and Sewer Fund
14,143,607
17,180,390
16,653,462
15,747,542
16,231,244
Village Parking System Fund
126,352
361,296
361,296
110,766
703,153
Parking System Revenue Fund
143,267
226,164
231,034
163,759
166,084
Total Enterprise Funds
14,413,226
17,767,850
17,245,792
16,022,067
17,100,481
INTERNAL SERVICE FUNDS
Vehicle Maintenance Fund
2,019,510
2,174,393
2,062,921
2,174,423
2,220,230
Vehicle Replacement Fund
670,973
2,554,668
2,419,668
2,124,000
1,887,000
Computer Replacement Fund
176,380
264,800
264,800
314,310
196,750
Risk Management Fund
7,102,928
8,061,714
7,897,300
7,709,320
7,976,936
Total Internal Service Funds
9,969,791
13,055,575
12,644,689
12,322,053
12,280,916
FIDUCIARY FUNDS
Police Pension Fund 4,685,033 4,833,176 4,801,976 4,938,310 5,068,901
Fire Pension Fund 4,737,216 4,901,031 5,074,861 5,349,410 5,508,849
Total Fiduciary Funds 9,422,249 9,734,207 9,876,837 10,287,720 10,577,750
TOTAL EXPENDITURES 112,645,193 116,766,920 117,163,763 112,764,841 115,774,173
VILLAGE OF MOu.. i PROSPECT
2017 BUDGET SUMMARY
AVAILABLE FUND BALANCES/NET ASSETS 12/31/2017
(a) Estimated balances reflect unrestricted net assets only.
(b) Fiduciary Funds are restricted for future pension benefits and do not constitute "Available Fund Balances.
Estimated
2017
2017
Estimated
Recommended
Balance
Budget
Budget
Balance
Balance
1/1/2017
Revenues
Expenditures
12/31/2017
12/31/2017
GENERAL FUND
18,312,679
53,331,595
53,331,595
18,312,679
10,866,922
DEBT SERVICE FUND
161,530
4,928,492
4,922,013
168,009
935,843
CAPITAL PROJECTS FUNDS
Capital Improvement Fund
191,979
2,065,000
2,248,892
8,087
590,703
Downtown Redevelopment Construct
(1,254,958)
-
-
(1,254,958)
-
Street Improvement Construc Fund
405,611
3,847,000
4,012,000
240,611
1,000,000
Flood Control Construction Fund
1,352,484
496,000
795,744
1,052,740
168,520
Total Capital Projects Funds
695,116
6,408,000
7,056,636
46,480
1,759,223
SPECIAL REVENUE FUNDS
Refuse Disposal Fund
1,187,814
4,610,000
4,519,265
1,278,549
466,282
Motor Fuel Tax Fund
1,725,585
1,419,000
1,897,071
1,247,514
159,867
CDBG
-
590,921
590,921
-
-
Asset Seizure Fund
100,855
10,200
7,000
104,055
7,000
Federal Equitable Share Funds
18,151
200
2,000
16,351
2,000
DUI Fine Fund
119,835
20,100
20,000
119,935
20,000
Foreign Fire Tax Board Fund
326,229
86,000
65,500
346,729
6,550
Business District Fund
-
1,721,000
1,721,000
-
-
Total Special Revenue Funds
3,478,469
8,457,421
8,822,757
3,113,133
661,699
ENTERPRISE FUNDS (a)
Water and Sewer Fund
2,816,203
15,516,000
15,747,542
2,584,661
3,285,896
Village Parking System Fund
85,595
184,100
110,766
158,929
28,288
Parking System Revenue Fund
47,059
161,000
163,759
44,300
41,521
Total Enterprise Funds
2,948,857
15,861,100
16,022,067
2,787,890
3,355,705
INTERNAL SERVICE FUNDS (a)
Vehicle Maintenance Fund
772,779
2,030,564
2,174,423
628,920
222,023
Vehicle Replacement Fund
7,841,657
1,673,000
2,124,000
7,390,657
7,390,657
Computer Replacement Fund
465,556
242,329
314,310
393,575
393,575
Risk Management Fund
3,358,412
7,864,833
7,709,320
3,513,925
1,322,129
Total Internal Service Funds
12,438,404
11,810,726
12,322,053
11,927,077
9,328,384
FIDUCIARY FUNDS (b)
Police Pension Fund
61,083,864
8,525,125
4,938,310
64,670,679
126,203,860
Fire Pension Fund
58,519,941
8,002,580
5,349,410
61,173,111
110,502,368
Total Fiduciary Funds
119,603,805
16,527,705
10,287,720
125,843,790
236,706,228
Total - Village Funds
157,638,860
117,325,039
112,764,841
162,199,058
263,614,004
Less: Fiduciary Funds (b)
(119,603,805)
(16,527,705)
(10,287,720)
(125,843,790)
(236,706,228)
TOTAL AVAILABLE BALANCES
38,035,055
100,797,334
102,477,121
36,355,268
26,907,776
(a) Estimated balances reflect unrestricted net assets only.
(b) Fiduciary Funds are restricted for future pension benefits and do not constitute "Available Fund Balances.
VILLAGE OF MO,-_.. PROSPECT
2017 BUDGET SUMMARY
AVAILABLE FUND BALANCES/NET ASSETS 12/31/2018
Estimated
Balance
1/1/2018
2018 2018 Estimated Recommended
Budget Budget Balance Balance
Revenues Expenditures 12/31/2018 12/31/2018
GENERAL FUND
18,312,679
54,346,546
54,334,611
18,324,614
11,192,930
DEBT SERVICE FUND
168,009
5,043,718
5,037,284
174,443
918,625
CAPITAL PROJECTS FUNDS
Capital Improvement Fund
8,087
1,935,000
2,973,677
(1,030,590)
590,703
Downtown Redevelopment Construct
(1,254,958)
-
-
(1,254,958)
-
Street Improvement Construc Fund
240,611
3,892,000
4,117,000
15,611
1,000,000
Flood Control Construction Fund
1,052,740
526,000
593,553
985,187
168,520
Total Capital Projects Funds
46,480
6,353,000
7,684,230
(1,284,750)
1,759,223
SPECIAL REVENUE FUNDS
Refuse Disposal Fund
1,278,549
4,736,000
4,662,824
1,351,725
480,271
Motor Fuel Tax Fund
1,247,514
1,419,000
1,598,673
1,067,841
164,663
CDBG
-
592,904
592,904
-
-
Asset Seizure Fund
104,055
10,200
7,000
107,255
7,210
Federal Equitable Share Funds
16,351
200
2,000
14,551
2,060
DUI Fine Fund
119,935
20,100
20,000
120,035
20,600
Foreign Fire Tax Board Fund
346,729
86,000
65,500
367,229
6,747
Business District Fund
-
1,810,000
1,810,000
-
-
Total Special Revenue Funds
3,113,133
8,674,404
8,758,901
3,028,636
681,551
ENTERPRISE FUNDS (a)
Water and Sewer Fund
2,584,661
14,441,000
16,231,244
794,417
3,384,472
Village Parking System Fund
158,929
184,100
703,153
(360,124)
29,137
Parking System Revenue Fund
44,300
161,000
166,084
39,216
42,767
Total Enterprise Funds
2,787,890
14,786,100
17,100,481
473,509
3,456,376
INTERNAL SERVICE FUNDS (a)
Vehicle Maintenance Fund
628,920
2,220,230
2,220,230
628,920
228,684
Vehicle Replacement Fund
7,390,657
1,673,000
1,887,000
7,176,657
7,176,657
Computer Replacement Fund
393,575
238,713
196,750
435,538
435,538
Risk Management Fund
3,513,925
8,173,786
7,976,936
3,710,775
1,322,129
Total internal Service Funds
11,927,077
12,305,729
12,280,916
11,951,890
9,163,008
FIDUCIARY FUNDS (b)
Police Pension Fund
64,670,679
8,969,000
5,068,901
68,570,778
135,038,130
Fire Pension Fund
61,173,111
8,239,800
5,508,849
63,904,062
117,132,510
Total Fiduciary Funds
125,843,790
17,208,800
10,577,750
132,474,840
252,170,640
Total - Village Funds
162,199,058
118,718,297
115,774,173
165,143,182
279,342,353
Less: Fiduciary Funds (b)
(125,843,790)
(17,208,800)
(10,577,750)
(132,474,840)
(252,170,640)
TOTAL AVAILABLE BALANCES
36,355,268
101,509,497
105,196,423
32,668,342
27,171,713
(a) Estimated balances reflect unrestricted net assets only.
(b) Fiduciary Funds are restricted for future pension benefits and do not constitute "Available Fund Balances.
VILLAGE OF MG%,.aT PROSPECT
2017 BUDGET SUMMARY
PERSONAL SERVICES
FINANCE DEPARTMENT 1,179,894 1,212,256 1,171,714 1,221,167 1,247,889
COMMUNITY DEVELOPMENT DEPARTMENT
Actual
2015
Budget
2016
Estimate
2016
Budget
2017
Forecast
2018
PUBLIC REPRESENTATION
238,882
245,464
253,870
276,724
282,658
VILLAGE ADMINISTRATION
78,080
76,773
76,773
76,443
78,276
Village Manager's Office, Legal Sery
764,191
620,691
642,500
576,772
588,663
Village Clerk's Office
189,696
205,483
218,046
218,383
223,451
Human Resources
286,825
323,993
319,664
296,531
302,423
Information Technology
524,330
554,111
614,736
751,616
768,169
Communications
241,965
236,072
256,167
308,693
315,755
Total Village Administration
2,007,007
1,940,350
2,051,113
2,151,995
2,198,461
FINANCE DEPARTMENT 1,179,894 1,212,256 1,171,714 1,221,167 1,247,889
COMMUNITY DEVELOPMENT DEPARTMENT
Community Development
1,598,012
1,818,454
1,700,560
1,791,429
1,831,720
CDBG
78,080
76,773
76,773
76,443
78,276
Total Community Development Dept
1,676,092
1,895,227
1,777,333
1,867,872
1,909,996
Engineering
1,022,529
1,036, 626
1,036, 626
1,040,890
1,062,895
HUMAN SERVICES DEPARTMENT
937,722
961,244
962,932
983,206
1,004,412
PUBLIC SAFETY AND PROTECTION
2,534,499
2,871,844
2,871,744
3,064,432
3,131,529
Police Department
14,557,794
15,537,077
15,257,730
16,266,001
16,751,050
Fire Department
11,772,822
12,703,618
12,804,975
13,423,208
13,655,725
Total Public Safety and Protection
26,330,616
28,240,695
28,062,705
29,689,209
30,406,775
PUBLIC WORKS DEPARTMENT
Administration
441,625
530,113
558,113
444,231
452,755
Streets/Buildings
1,694,585
1,660,480
1,663,085
1,652,116
1,687,921
Forestry and Grounds
988,177
1,000,218
1,000,215
1,030,230
1,052,520
Engineering
1,022,529
1,036, 626
1,036, 626
1,040,890
1,062,895
Refuse Disposal
365,930
357,874
357,874
369,937
378,301
Water and Sewer Division
2,534,499
2,871,844
2,871,744
3,064,432
3,131,529
Parking
90,339
92,535
92,535
96,308
98,540
Vehicle Maintenance
1,356,111
1,363,508
1,365,536
1,387,183
1,417,378
Total Public Works Department
8,493,795
8,913,198
8,945,728
9,085,327
9,281,839
TOTAL PERSONAL SERVICES 40,864,008 43,408,434 43,225,395 45,275,500 46,332,030