HomeMy WebLinkAboutOrd 5076 12/21/1999 ORDINANCE NO. 5076
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE
ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING
JANUARY 1, 1999 AND ENDING DECEMBER 31, 1999
Passed and approved by
the President and Board of Trustees
the 21st day of December, 1999
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
22nd day of December, '1999
ORDINANCE NO. 5 0 7 6
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY I, 1999
AND ENDING DECEMBER 31, 1999
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, 1999 and ending December 31, 1999
was adopted through the passage of Ordinance No. 4980 approved by the Corporate Authorities
of the Village of Mount Prospect on December 15, 1998; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance 5020 on May 4, 1999, amending the annual budget for the fiscal year
commencing January 1, 1999 and ending December 31, 1999; 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, 1999 and ending December 31, 1999; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the
changes, as specified on the attached January 1, 1999 through December 31, 1999 Budget
Amendment No. 2 to be in the best interest of the Village of Mount Prospect; and
WHEREAS, there are adequate revenues and reserves in each of the Funds whose budget is
being increased to cover the budget changes reflected in Budget Amendment No. 2, 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, 1999 through December 31, 1999
for the Village of Mount Prospect is hereby further amended, as detailed on Budget Amendment
No. 2 attached hereto.
ECTION TWO: That this ordinance shall bo in full force and effect from and after its passage,
approval and publication in pamphlet form as provided by law.
AYES: Corcoran, Hoefert, Lohrstorfer, Nocchi, Skowron, Wilks
NAYES: None
ABSENT: None
PASSED and APPROVED this 21 s t day of December, 1999.
"'---~'~J- Gerald I~ F~dey, Village l~residen~//
ATTEST
Vel/ma W. Lowe, Village Clerk
VILLAGE OF MOUNT PROSPECT
Amendment No. 2 to the
Budget for Fiscal Year from January 1, 1999 through December 3t, t 999
Revenues
Origirml Amended
Item Revenue Incrae~e Revenue
No. Fund/Program/Clessific~don Account # Account Description Es~ (Decrease) Estimate
Genera/Fund
1 Other Taxes 010000-410400 Food & Beverage Tax 492,000 (52,000) 440,000
2 Other Taxes 010000-414000 Reel Estate Transfer Tax 575,000 100,000 675,000
3 Other Taxes 010000417200 N.Illinois Gas Tax 290,000 (90,000) 200,000
4 Licenses, Permits, Fees 010000-423000 Public Improve. Inspect. 15,000 62,000 77,000
5 Licenses, Permits, Fees 010000-427000 Infrastructure Main[ Fee 500,000 (80,000) 420,000
6 Intergovernmental 010000-430100 State Income Tax 3,715,000 101,800 3,816,800
7 Intergovernmental 010000-435900 Other Grants 0 81,901 81,901
8 Raimburaements 010000-470900 Other Reimbursements 12,000 24,122 36,122
5,599,000 147,823 5,746,823
All other General Fund Accounts 19,772,320 0 191772,320
Total General Fund 25,371,320 14~7,823 25,519,143
1999 Debt Serv/ce Fund, T/F
9 Investment income 290000-460100 Interest Income 45,500 (44,200) 1,300
10 Other Financing Sources 29(X)00-494100 Bond Pronaeds 1,031,610 (911,610) 120,000
11 Other Financing Sources 290000-4.94600 Sale of Property 0 1,000,000 1,000,000
1,077,110 44,1g0 1,121,300
Ail other 1999 Debt Service Fund accounts 0 0 0
Total 1999 Debt Service Fund 1,077,110 44,190 1,121,300
1998A Street Improvement Fund
12 Investn~nt Incorna 500000-460100 Intareet Income 0 11,687 11,687
Ail 1998A Street Improvement Fund Accounts 0 0 0
Total 1998A Street Improvement Fund 0 11,687 11,687
Police & Fire Building Const~"uctinn Fund
13 Investment Incc~na 520000-460100 Interest Income 0 2,100 2,100
Ail other Police & Fire Bldg Constr. Fd. Accounts 0 0 0
Total Police & Fire Bldg. Construct. Fund 0 2,100 2,100
Downtown Redevelopment Cop. se'. Fd.
14 Other Taxes 550000-413100 Property Tax Increment 0 90,870 90,870
15 Investment Income ~100 Interest Income 0 75,000 75,000
16 Other Financing Sources 550000-494100 Bond Proceeds 8,283,390 (2,853,390) 5,430,000
17 Other Financing Source~ 550(X)0-494600 Sale of Property 0 225,000 225,000
8,283,390 (2,462,520) 5,820,870
Ail other Downtown Redov. Constr. Fd accounts 0 0 0
Total Downtown Redev. Construct. Fund 8,283___~,390 (2,462,520) 5,820,870
VILLAGE OF MOUNT PROSPECT
Amendment No. 2 to the
Budget for Fiscal Year from January 1, 1999 through December 3t, 1999
Revenues
Origirml Ameflded
No. Fund/Pro;Imm/Classification Account # Account Description Estimate (Decrease) Estimate
18 Intargovemme~al Revenue ~ Other Grants 0 50,000 50,000
19 Investment Income 590000-460100 Interest Income 0 35,000 35,000
20 Other Financing Sources 590000-494321 EPA Loan - Maple/Berkshire 856,350 945,450 1,801,800
21 Other Financing So~rces 590000-494330 EPA Loan - See Gwun/Mil. 0 214,230 214,230
856,350 1,244,680 2,101,030
All other Flood Control Censtr. Fd accounts 0 0 0
Total Flood Control Constr. Fund 856~350 1,244~680 2,10%030
Total EstJmated Revenues
Funds being changed 35,588,170 (1,012~040) 34,576,130
All ottter Village Budget accounts 37,324,924 0 37,324,924
Total Estimated Revenues After Changes 72~913,094 (1~012,040) 71,901,054
VILLAGE OF MOUNT PROSPECT
Amendment No. 2 to the
Budget for Fiscal Year from January 1, 1999 through December 31, 1999
Expenditures
Original Amended
~tem Budget Increase Budget
No. Fund/Pro~ram/Classificefion Account # Account Description Amount (Decrease) Amount
Gerlera/Futld
22 Public Works, Straets/Bldgs 015104-690003 SidewalkConstrucfion 50,000 24,122 74,122
23 PublicWorks, Stmets/Bldgs 015105-5(X)300 Overtime Earnings 66,250 75,000 141,250
24 Public Works, Straets/Bldgs 0151(35-540555 Snow Removal - Contract. 5,000 31,000 36,000
25 Con~ngencie~ 018901-590025 Property Acquisit~n 0 102,834 102,834
121,250 232~956 354,206
Ail other General Fund Accounts 26,564,774 0 26,564,774
Total General Fund 26,686,024 232~956 26~918,980
1987B Debt Service Fu~¢l, PW r-aeJllty
26 DebtSer~ice, PrapertyTaxes 158102-800067 Equity Transfer Out 126,036 1,450 127,486
All other 1987B Debt Sen/ice Fund accounts 0 0 0
Total 1987B Debt Ser~ce Fund 126,036 1,450 127,486
1992B Debt Serylce Fund, TIF
27 Debt Service, TIF 2408102-800067 Equity Transfer Out 0 56 56
Ail other 1992B Debt Service Fund accounts 0 0 0
Total 19~2B Debt Se~ce Fund 0 56 56
1999 Debt Service Fund, TIF
28 Debt Service, TIF 29~103-720346 Interest Expense 468,915 (351,266) 117,649
Ail other 1999 Debt Service Fund accounts 1,500 0 1,500
Total 1999 Debt Service Fund 470,415 (351~266) 119,149
1991A Debt Service Fund, Flood Control
29 Debt Service, Flood Control 308104-800067 Equity Transfer Out 1,865 975 2,840
Ail other 1991A Debt Se~ice Fund accounts 0 0 0
Total 1991A Debt Service Fund 1,865 975 2,840
Capital Improvement Fund
30 Village Improve. & Equipt. 517701-640019 General Store Restorat~n 0 60,000 60,000
Ail other Capital Improve. Fd. Accounts 1,515,310 0 1,515,310
Total Capital Improvement Fund 1,515,310 60,000 1,575,310
Downtow~ Redevelopment Co~'. r--d.
31 D~ R~ ~ P~ ~ui~ 7,~5,~ (2,~5,~) 5,~,~
32 ~ R~ ~ ~ 0 ~,~ ~,~
~ ~ R~m~ ~ ~ C~up 0 ~,~ ~,~
7,~5,~ (1,~,110) 5,~,~
NI o~ D~ R~. ~. Fd ~ 1,~7,~ 0 1,~7,~
T~I ~ R~v. C~ Fund 8,312,~ (1,~,110) 7,~4,~
VILLAGE OF MOUNT PROSPECT
Amendment No. 2 to the
Budget for Fiscal Year from January 1, 1999 through December 3¶, ¶ 999
Expenditures
Original Amended
item Budget Increase Budget
No. Fund/Pro~mm/Claseificet~on Account # Account Description Amount IDenrsese) Amount
F/ood Cotltna/Co~s~ F~
34 Flood Control Projects 597704-690101 Weller Creek Design 0 180,000 180.000
All other Flood Control Constr. Fd accounts 1~902,919 0 1,~02,919
Total Flood Control Constr. Fund 1,902,919 180~000 2~082,919
Pan~Jng System Revenue Fund
35 Downtown Red=m/elopment 637703-590025 Property Acquisition 0 65,000 65,000
Ail other Parking System Revenue Fund accounts 207,416 0 207,416
Total Parking System Revenue Fund 207,416 65~000 272,416
Risk Management Fund
36 Casualty & Property Insurance 698501-560204 Wm'kers Comp Claims 260,000 120,000 380,000
All other Risk Management Fund accounts 3,008,261 0 3,(X)8,261
Total Risk Management Fund _3,268,261 120,000 3,388,26~1
Po//ce Pens/on Fund
37 Police Penaions 718202-530200 Disability Pensions 57,010 31,490 88,500
All other Police Pension Fund accounts 1,412,055 0 1,412,055
Total Police Pension Fund 1 ~469,065 31,490 1 ~500,555
Rreflghters' Pension Fund
38 Firefighter Pensions 728203-530100 Retirement Pensions 884,540 85,360 969,900
All other Firefightars' Pension Fund accounts 577,515 0 577,515
Total Fimfighters' Pension Fund _1~462,055 85,360 1,547,4_~__.15
Total Village Budget
Funds being changed 45,421,856 (862,089) 44,559,767
All other Village Budget accounts 28,355,742 0 28,355,742
Total Village Budget after Changes 73,777~59~ 1862,089) 72,915,509