HomeMy WebLinkAboutOrd 6314 03/21/2017 Making certain amendments to the Annual BudgetORDINANCE NO. 6314
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2017
AND ENDING DECEMBER 31, 2017
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 of Mount Prospect, Illinois
the 22nd day of March, 2017.
ORDINANCE NO. 6314
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2017
AND ENDING DECEMBER 31, 2017
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, 2017 and ending December
31, 2017 was adopted through the passage of Ordinance No. 6290 approved by the
Corporate Authorities of the Village of Mount Prospect on December 20, 2016; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 6308 on March 7, 2017, amending the annual budget
for the fiscal year commencing January 1, 2017 and ending December 31, 2017; 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, 2017 and ending December 31, 2017; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect
believe the changes, as specified on the attached January 1, 2017 through December 31,
2017 Budget Amendment No. 2 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, 2017 through December 31,
2017 for the Village of Mount Prospect is hereby amended, as detailed on Budget
Amendment No. 2 attached hereto.
w
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2017 through December 31, 2017
Revenues
Current
Budget Increase
Fund/Account Number Account Description Amount (Decrease)
049 Prospect and Main TIF Fund
049.400.011 Prop Tax Increment CY - 275,000
049.492.001 Sale of Property - 700,000
- 975,000
All other Prospect and Main TIF Fund accounts - -
Total Prospect and Main TIF Fund - 975,000
Total Estimated Revenues
Fund being changed - 975,000
All other Village Budget accounts 117,32 5,039
Total Estimated Revenues After Changes 117,32 5,039 975,000
1
Amended
Budget
Amount
275,000
700,000
975,000
9 5,000
975,000
117,3 5,039
118,3 0,039
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year January 1, 2017 through December 31, 2017
Expenditures
Current Amended
Budget Increase Budget
Fund/Account Number Account Description Amount (Decrease) Amount
001 General Fund
001.50.01.00.0.000.530.006
Other Prof. Serv.
7,700
15,580
23,280
001.50.01.00.0.000.561.004
Cloud -Based Service
5,040
5,360
10,400
001.50.01.00.0.000.608.002
NACCHO Grant Supplies
-
1,153
1,153
12,740
22,093
34 833
All other General Fund accounts
53,378,005
-
53,3
8,00Ti
Total General Fund
53,390,745
22,093
53,412,838
049 Prospect and Main TIF Fund
049.40.90.00.0.704.636.029
Downtown Pedestrian Imp
-
200,000
200,000
049.40.90.00.0.710.636.007
Facade Program
-
100,000
100,000
049.40.90.00.0.710.636.028
Downtown Wayfinding Signage
100,000
100,000
049.80.81.81.0.000.574.011
St-scape Corr Maint
-
75,000
75,000
049.80.81.81.0.000.575.015
Brick Sidewalk Sealing
-
B0,000
60,000
049.80.81.81.1.000.675.007
Brick Sidewalks
-
10,000
10,000
049.80.90.00.1.705.679.001
D/T Streetscape Prog
-
150,000
150,000
695,000
695,000
All other Prospect and Main TIF Fund accounts
-
-
-
Total Prospect and Main TIF Fund
µ
695,000
6
5,000
Total Village Budget
Funds being changed 53,390,745 717,093 54,107,838
All other Village Budget Accounts 61,970,641 - 61,9 0,641
Total Village Budget after Changes 115,361,386 717,093 116,0 78,479
2
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_215t day of March, 2017.
Arlene A. Jura
Mayor
ATTEST
At'6 Q
Karen Agoranos
Deputy Village Clerk