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Home My WebLink AboutOrd 6349 12/05/2017 Authorizing the levy and collection of taxes for the corporate and municipal purposesORDINANCE NO. 6349 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, 2017 AND ENDING DECEMBER 31, 2017 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES The 5th day December, 2017 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 6th day December, 2017. ORDINANCE NO. 6349 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, 2017 AND ENDING DECEMBER 31, 2017 NOW, THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the Village of Mount Prospect, Cook County, Illinois, as follows: Section mlm: That the sum of Twenty -Nine Million Eight -Hundred Fifty -Seven Thousand Five Hundred Sixty -One Dollars ($29,857,561) 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, 2017 and ending December 31, 2017 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 2017. 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. 6290 at a meeting hereof regularly convened and held in said Village of Mount Prospect, Illinois, on the 201h day of December, 2016, and amended by Ordinance No. 6308 passed and approved on the 7th day of March, 2017, 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 2017 TAX LEVY ARTICLE I - POLICE PROTECTION Amount Amount Budgeted Levied Personal Services 10,304,683 4,933,773 Employee Benefits 5,961,318 0 Other Employee Costs 178,000 0 Contractual Services 1,535,624 0 Utilities 47,623 0 Commodities & Supplies 159,843 0 Office Equipment 25,730 0 Other Equipment 17,000 0 Total Police Department 18,229,821 4,933,773 TOTAL BUDGET FOR POLICE PROTECTION 18,229,821 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 8,319,862 5,107,773 Employee Benefits 5,103,346 0 Other Employee Costs 201,560 0 Contractual Services 1,116,320 0 Utilities & Insurance 62,860 0 Commodities & Supplies 48,345 0 Other Expenditures 0 0 Building Improvements 10,612 0 Office Equipment 250 0 Other Equipment 116,175 0 Total Fire Department 14,979,330 5,107,773 TOTAL BUDGET FOR FIRE PROTECTION 14,979,330 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 2 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2017 TAX LEVY ARTICLE III - DEBT SERVICE FUND 00 Debt Service 00 00 510 G.O. Bonds - Series 2009 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2009 00 00 511 G.O. Bonds - Series 2009B Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2009B 00 00 512 G.O. Bonds - Series 2009C Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2009C 00 00 514 G.O. Bonds - Series 2011B Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2011B 00 00 515 G.O. Bonds - Series 2012 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2012 00 00 516 G.O. Bonds - Series 2013 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2012 00 00 517 G.O. Bonds - Series 2014 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2012 3 Amount Amount Budgeted Levied - 0 0 24,000 24,000 1,000 0 25,000 24,000 330,000 330,000 51,675 51,675 1,000 0 382,675 381,675 95,000 95,000 127,655 85,655 1,000 0 223,655 180,655 735,000 735,000 57,078 57,078 0 0 792,078 792,078 0 0 54,096 54,095 0 0 54,096 54,095 0 0 369,956 0 500 0 370,456 0 405,000 405,000 152,400 152,400 500 0 557,900 557,400 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2017 TAX LEVY ARTICLE III - DEBT SERVICE FUND (continued) 00 00 517 G.O. Bonds - Series 2016 Bond Principal Interest Expense Bank and Fiscal Fees Total G.O. Bonds - Series 2012 00 00 517 G.O. Bonds - Series 2017 Amount Amount Budgeted Levied 120,000 120,000 269,400 269,400 1,000 0 390,400 389,400 Bond Principal 115,000 0 Interest Expense 182,546 0 Bank and Fiscal Fees 0 0 Total G.O. Bonds - Series 2012 297,546 0 00 00 650 TEPA Loans Loan Principal 112,771 0 Loan Expense 3,735 0 Bank and Fiscal Fees 0 0 Total IEPA Loans 116,506 0 00 00 659 Flood Installment Loan Loan Principal 515,000 0 Loan Expense 10,056 0 Total IEPA Loans 525,056 0 TOTAL BUDGET FOR DEBT SERVICE FUND 3,735,368 AMOUNT TO BE RAISED BY TAX LEVY 2,379,303 ADD 2% FOR LOSS & COST OF COLLECTION 47,587 TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR DEBT SERVICE FUND 2,426,890 ARTICLE IV - POLICE PENSION FUND 00 Police Pensions Pension Benefits 4,756,710 3,307,716 Contractual Services 156,500 0 Insurance 15,000 0 Commodities & Supplies 100 0 Other Expenditures 10,000 0 Total Police Pensions 4,938,310 3,307,716 TOTAL BUDGET FOR POLICE PENSION FUND 4,938,310 AMOUNT TO BE RAISED BY TAX LEVY 3,307,716 ADD 2% FOR LOSS & COST OF COLLECTION 66,154 TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PENSION FUND 3,373,870 4 VILLAGE OF MOUNT PROSPECT, ILLINOIS 2017 TAX LEVY ARTICLE V - FIREFIGHTERS' PENSION FUND 00 Fire Pensions Pension Benefits Contractual Services Insurance Commodities & Supplies Other Expenditures Total Firefighters' Pensions 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 5 Amount Amount Budgeted Levied 5,189,810 2,984,440 134,500 0 15,000 0 100 0 10,000 0 5,349,410 2,984,440 5,349,410 2,984,440 59,689 WNW 9,460,400 9,568,406 1,400,000 1,400,000 176,150 176,150 11,036,550 11,144,556 11,036,550 9.568.406 1,576,150 222,891 11,367,447 Article VILLAGE OF MOUNT PROSPECT, ILLINOIS 2017 TAX LEVY SUMMARY Fund Amount Budgeted Amount to be Raised Amount by for Loss Tax Levy and Cost Total Tax Levy Incl. Loss and Cost I Police Protection $ 18,229,821 4,933,773 98,675 5,032,448 II Fire Protection 14,979,330 5,107,773 102,155 5,209,928 III Debt Service 3,321,213 2,379,303 47,587 2,426,890 IV Police Pension 4,938,310 3,307,716 66,154 3,373,870 V Firefighters'Pension 5,349,410 2,984,440 59,689 3,044,129 Village Totals 46,818,084 18,713,005 374,260 19,087,265 VI Mount Prospect Library Library Services 9,987,300 9,568,406 191,368 9,759,774 Library Debt Service 1,576,150 1,576,150 31,523 1,607,673 Library Totals 11,563,450 11,144,556 222,891 11,367,447 Village and Library Totals $ 58,381,534 29,857,561 597,151 30,454,712 6 Section : The sum of $302,000 is budgeted to be received from personal property replacement tax revenue during the fiscal year commencing January 1, 2017 and ending December 31, 2017 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, Saccotelli, Zadel, Juracek NAYES: Grossi, Hatzis, Rogers ABSENT: None PASSED and APPROVED this 5t" day of December, 2017. ATTEST: P -W " 04e"�' Karen Agora os, Village Clerk 7 Arles e Juracek, Mayor