The URL can be used to link to this page

Home My WebLink AboutOrd 6377 03/06/2018 Amendments to the annual budget for fiscal year commencing Jan 1 2018 and ending Dec 31 2018ORDINANCE NO. 6377 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2018 AND ENDING DECEMBER 31, 2018 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 6th day of March, 2018 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 7th day of March, 2018. ORDINANCE NO. _6377 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2018 AND ENDING DECEMBER 31, 2018 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, 2018 and ending December 31, 2018 was adopted through the passage of Ordinance No. 6352 approved by the Corporate Authorities of the Village of Mount Prospect on December 5, 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, 2018 and ending December 31, 2018; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2018 through December 31, 2018 Budget Amendment No. 1 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, 2018 through December 31, 2018 for the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No. 1 attached hereto. 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: Grossi, Hatzis, Hoefert, Rogers, Saccotelli, Zadel NAYES: None ABSENT: None PASSED and APPROVED this 6th day of March '2018. Arlene A. Juracek Mayor ATTEST Karen Agoranos Village Clerk VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2018 through December 31, 2018 Fund/Account Number 001 General Fund 001.60.01.00.0.000.530.006 001.60.01.00.0.000.655.004 001.60.61.65.0.000.603.001 001.80.90.00.0.704.674.001 All other General Fund accounts Total General Fund Expenditures Account Description Current Budget Amount Increase (Decrease) Amended Budget Amount Other Prof. Serv. 14,586 11,800 26,386 Computer Eqpt - Depts 10,000 9,000 19,000 Clothing Supplies 17,500 3,780 21,280 Intersection Studies 400,000 162,438 562,438 31,181 442,086 187,018 629,104 333,225 54,373,332 - 54,373,332 600,000 54,815,418 187,018 55,002,436 020 Capital Improvement Fund 020.40.90.00.0.704.641.001 Corridor Improv 020.60.90.00.0.707.561.010 020.80.90.00.0.705.679.001 020.80.90.00.1.703.677.005 020.80.90.00.1.704.678.019 020.80.90.00.1.705.676.001 020.80.90.00.1.706.651.010 020.80.90.00.1.710.641.002 Police Department Software D/T Streetscape Prog Detention Pond Improv Kensington Road Improv Streetlight Improv Repl HVAC -Pub Bldgs KBC Jogging Path Rehab All other Capital Improvement Fund accounts Total Capital Improvement Fund 024 Flood Control Construction Fund 024.80.00.00.0.000.677.001 Creek Bank Stabilization 024.80.90.00.1.702.677.003 Levee 37 024.80.90.00.0.703.672.006 Storm Sewer Inspection Prog 024.80.90.00.1.703.677.019 Storm Sewer Improvements All other Flood Control Construction Fund accounts Total Flood Control Construction Fund 040 Refuse Disposal Fund 040.80.90.00.0.707.561.002 Software Development All other Refuse Disposal Fund accounts Total Refuse Disposal Fund 041 Motor Fuel Tax Fund 041.80.90.00.0.704.676.003 Traffic Signal Repl 041.80.90.00.1.705.676.001 Streetlight Improv All other Motor Fuel Tax Fund accounts Total Motor Fuel Tax Fund 200,000 100,000 300,000 - 110,000 110,000 - 68,902 68,902 - 289,952 289,952 - 88,086 88,086 125,000 31,181 156,181 275,000 58,225 333,225 - 15,000 15,000 600,000 761,346 1,361,346 1,749,277 - 1,749,277 2,349,277 761,346 3,110,623 25,000 21,343 46,343 360,000 50,546 410,546 102,000 53,775 155,775 - 175,556 175,556 487,000 301,220 788,220 332,958 - 332,958 819,958 301,220 1,121,178 50,000 5,065 55,065 50,000 5,065 55,065 4,298,170 - 4,298,170 4,348,170 5,065 4,353,235 50,000 50,000 100,000 - 280,659 280,659 50,000 330,659 380,659 1,418,723 - 1,418,723 1,468,723 330,659 1,799,382 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2018 through December 31, 2018 Fund/Account Number '�INIff►lllla T:1f0117, i 045.60.61.65.0.000.665.031 All other DUI Fine Fund accounts Total DUI Fine Fund 050 Water and Sewer Fund 050.80.90.00.1.700.665.079 050.80.90.00.1.700.671.003 050.80.90.00.1.701.672.002 Expenditures Account Description Current Budget Amount Increase (Decrease) Amended Budget Amount Other Equipment 1,000 4,000 5,000 1,000 4,000 5,000 2,000 - 2,000 3,000 4,000 7,000 SCADA Wireless Telemetry Water Main Repl Lift Station Rehab All other Water & Sewer Fund accounts Total Water & Sewer Fund 061 Vehicle Replacement Fund 061.60.90.00.1.708.660.003 Police Dept Vehicles 061.80.90.00.1.708.660.006 Public Works Vehicles All other Vehicle Replacement Fund accounts Total Vehicle Replacement Fund Total Village Budget Funds being changed All other Village Budget Accounts Total Village Budget after Changes 2 80,000 101,000 181,000 2,250,000 95,000 2,345,000 650,000 147,500 797,500 2,980,000 343,500 3,323,500 15,806,456 - 15,806,456 18,786,456 343,500 19,129,956 12,000 89,002 101,002 769,000 483,444 1,252,444 781,000 572,446 1,353,446 1,605,000 - 1,605,000 2,386,000 572,446 2,958,446 84,977,002 38,714,761 2,505,254 87,482,256 - 38,714,761 123,691,763 2,505,254 126,197,017