HomeMy WebLinkAboutOrd 6383 04/17/2018 Making Certain Amendments to the Annual Budget Adopted for the Fiscal Year Commencing January 1, 2017 and ending December 31, 2017ORDINANCE NO. 6383
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 17th day of April, 2018
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect,
Illinois the 18th day of April, 2018.
ORDINANCE NO. 6383
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
passed and approved Ordinance No. 6314 on March 21, 2017, further 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
passed and approved Ordinance No. 6378 on March 6, 2018, further 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
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. 4 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 No. 4, 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. 4 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 17th day of April, 2018
Arlene A. Juracek
Mayor
ATTEST
Karen Agoranos
Village Clerk
Fund/Account Number
063 Risk Management Fund
063.00.00.00.4.000.599.003
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 4
Fiscal Year January 1, 2017 through December 31, 2017
Expenditures
Account Description
Worker's Comp Claims
All other Risk Management Fund accounts
Total Risk Management Fund
Total Village Budget
Funds being changed
All other Village Budget Accounts
Current
Budget
Amount
Increase
(Decrease)
Amended
Budget
Amount
572,000
410,000 982,000
572,000
410,000 982,000
7,869,820
- 7,869,820
8,441,820
410,000 8,851,820
8,441,820
109,931,344
410,000 8,851,820
- 109,931,344
Total Village Budget after Changes 118,373,164 410,000 118,783,164