HomeMy WebLinkAboutOrd 6313 03/21/2017 Making certain amendments to the Annual BudgetORDINANCE NO. 6313
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 21" day of March, 2017
Published in pamphlet form by
authority of the corporate authorities
of the Village old Mount Prospect, Illinois
the 22nd day of March., 2017.
ORDINANCE NO. 6313
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
passed and approved Ordinance No. 6243 on April 19, 2016, amending the annual budget
for the fiscal year commencing January 1, 2016 and ending December 31, 2016; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 6302 on February 7, 2017, amending the annual
budget for the fiscal year commencing January 1, 2016 and ending December 31, 2016;
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. 3 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. 3 attached hereto.
Fund/Account Number
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 3
Fiscal Year January 1, 2016 through December 31, 2016
Expenditures
Current
Budget
Account Description Amount
001 General Fund
001.00.00.00.0.000.697.001 Transfer Out
All other General Fund accounts
Total General Fund
022 Downtown Redevelopment Construction Fund
022.40.01.00.1.000.530.006 Other Prof. Serv.
022.40.01.00.1.000.636.006 Demolition Expense
All other Downtown Redevelopment Construction Fund accounts
Total Downtown Redevelopment Construction Fund
048 Business District Fund
048.00.00.00.0.775.691.002 Randhurst RDA Interest
All other Business District Fund accounts
Total Business District Fund
049 Prospect and Main TIF District
049.40.01.00.0.000.530.006 Other Prof. Serv.
049.40.01.00.0.000.636.006 Demolition Expense
All other Prospect and Main TIF District accounts
TotalProspect and Main TIF District
Total Village Budget
Funds being changed
All other Village Budget Accounts
Total Village Budget after Changes
1
50,635,442
50,635,442
300,000
10,000
310,000
3,531,129
3,841,129
Increase
(Decrease)
576,367
576,367
576,367
(284, 572)
(5,220)
(289, 792)
(289, 792)
Amended
Budget
Amount
576,367
576,367
50,6V5,442
51,211,809
15,428
4,780
20 208
3,501 ' 129
3,5 1,7
1,855,221
386,879
2,242,100
1,855,221
386,879
2,2p4--2,100
1,855,221
386,879
2,242,100
284,572
284,572
5,220
5,220
289,792
289 792
-
289,792
2 7
56,331,792
963,246
57,295,038
71,371,911
71,3
'1„911
127,703,703
963,246
128,6
6,849'
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 21St day of March, 2017..
�ILN
Arlene A. Jurace
Mayor
ATTEST
Karen Agornds
Deputy Village Clerk