HomeMy WebLinkAboutOrd 6418 11/20/2018 Adopting an Annual Budget for the Village of Mount ProspectORDINANCE NO. 6418
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF
MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2019
AND ENDING DECEMBER 31, 2019 IN LIEU OF PASSAGE OF AN
APPROPRIATION ORDINANCE
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
this 20th day of Nov 2018
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect,
Illinois this 21 st duty of Nov ember,
2018.
ORDINANCE NO. 6418
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF
MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2019
AND ENDING DECEMBER 31, 2019 IN LIEU OF PASSAGE OF AN
APPROPRIATION ORDINANCE
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect in
accordance with State Statutes, have provided for the preparation and adoption of an Annual
Budget in lieu of passage of an Appropriation Ordinance; and
WHEREAS, the proposed Annual Budget for the Village of Mount Prospect for the fiscal year
beginning January 1, 2019 and ending December 31, 2019, as prepared by the Budget Officer
for the Village and submitted to the President and Board of Trustees, was placed on file in the
Office of the Village Clerk on September 28, 2018 for public inspection, as provided by
Statute; and
WHEREAS, pursuant to notice duly published on October 29, 2018, a public hearing was held
by the President and Board of Trustees on said tentative annual budget on November 7, 2018,
as provided by Statute; and
WHEREAS, following said public hearing, said proposed Annual Budget was reviewed by the
President and Board of Trustees and a copy of said proposed Annual Budget is attached hereto
and hereby made a part hereof.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The Annual Budget for the Village of Mount Prospect for the fiscal year
beginning January 1, 2019 and ending December 31, 2019, a copy of which is attached hereto
and made a part hereof, is hereby approved and adopted as the Annual Budget for the Village
of Mount Prospect for said fiscal year.
SECTION TWO: Within thirty (30) days following the adoption of this Ordinance there shall
be filed with the County Clerk of Cook County a copy thereof duly certified by the Village
Clerk and Estimate of Revenues by source anticipated to be received by the Village in the fiscal
year beginning January 1, 2019 and ending December 31, 2019, duly certified by the Chief
Fiscal Office
SECTION THREE: This Ordinance shall be in full force and effect from and after its passage,
approval and publication in pamphlet form in the manner provided by law.
AYES: Grossi, Hatzis, Hoefert, Rogers, Saccotelli, Zadel
NAYS: None
ABSENT: None
ABSTAIN: None
PASSED AND APPROVED this 20th day of November, 2018.
_,................................
Arte e A. Juracek, Mayor
ATTEST:
o��-........
Karen A � � A �._._.__.................................
g ranos, 11age Clerk
VILLAGE OF
MOUNT PROSPECT, ILLINOIS 2019 PROPOSED ANNUAL BUDGET
�' 1 . :t;;
Village Operating Budget
2017
2018
2018
2019
2020
Village Capital Budget
Actual
Budget
Estimate
Budget
Forecast
REVENUES N OTHER SOURCES
5,047,249
5,495,937
11,101,730
7,842,226
7,615,749
Property Taxes
19,910,491
19,173,953
19,470,000
19,406,000
20,338,000
Other Taxes
13,801,153
13,980,518
14,025,000
14,018,000
14,119,030
Licenses, Permits & Fees
3,084,103
3,087,000
3,347,000
3,032,000
3,032,000
Intergovernmental Revenue
29,701,373
28,695,676
30,909,323
33,561,299
32,494,414
Charges for Services
29,619,884
31,320,374
31,124,658
33,066,772
34,657,448
Fines & Forfeits
634,031
654,300
624,000
616,000
616,000
Investment Income
18,815,927
10,654,300
8,850,200
8,178,400
8,420,400
Reimbursements
322,460
255,900
339,900
228,500
230,500
Other Revenue
11,240,126
10,652,828
11,458,220
10,962,020
11,580,660
Other Financing Sources
5,619,172
7,415,000
55,157,155
21,815,000
1,586,000
Total Revenues & Other Sources
132,748,720
125,889,849
175,305,456
144,883,991
127,074,452
�' 1 . :t;;
Village Operating Budget
69,498,236
72,302,171
72,742,517
73,952,997
75,059,867
Village Capital Budget
10,042,155
21,072,546
22,497,433
51,363,432
35,394,827
Debt Services Budget
5,047,249
5,495,937
11,101,730
7,842,226
7,615,749
Pension Systems Budget (a)
10,620,967
11,031,315
11,584,715
12,184,864
12,502,373
Internal Services Budget (b)
10,800,488
10,669,548
11,386,377
11,243,120
11,675,196
Business District Fund
1,451,171
1,523,000
1,490,000
1,525,000
1,549,000
Prospect/Main TIF Dist Non -Op Exp
172,512
3,352,500
10,700,300
2,886,500
308,336
Interfund Transfers
600,000
750,000
1,602,000
1,540,000
1,511,000
Total Expenditures
108,232,778
126,197,017
143,105,072
162,538,139
145,616,348
Excess (Deficiency) of Revenues &
Other Sources Over Expenditures 24,515,942 (307,168) 32,200,384 (17,654,148) (18,541,896)
Start of Budget Year
163,710,378
188,226,320
188,226,320
220,426,704
202,772,556
End of Budget Year
188,226,320
187,919,152
220,426,704
202,772,556
184,230,660
Less: Pension Fund Balances ( c)
137,334,402
145,212,837
142,183,406
146,105,661
150,553,407
Available Fund Balance
50,891,918
42,706,315
78,243,298
56,666,895
33,677,253
(a) Pension Systems Budget includes payments made to members and beneficiaries of the Fire and Police Pension
plans (defined benefit plans). Village contributions made to the Police and Fire Pension Funds are accounted
for within the General Fund of the Operating Budget.
(b) Internal Services Budget includes Vehicle Maintenance Fund and Risk Management Fund. The Motor Equipment
Replacement Fund and Computer Replacement Funds are included in the Village Capital Budget.
(c) Pension Fund Balances are reserved for pension benefits and not available for appropriation.
VILLAGE OF
MOUNT PROSPECT, ILLINOIS 2019 PROPOSED ANNUAL BUDGET
Revenues, Expenditures, and Fund Balance/Net Assets
(excluding Pension Funds)
200,000,000
2017
2018
2018
2019
2020
IT
Actual
Budget
-
Estimate
Budget
Forecast
REVENUES BY TYPE
Property Taxes
19,910,491
19,173,953
19,470,000
19,406,000
20,338,000
Other Taxes
13,801,153
13,980,518
14,025,000
14,018,000
14,119,030
Licenses, Permits & Fees
3,084,103
3,087,000
3,347,000
3,032,000
3,032,000
Intergovernmental Revenue
29,701,373
28,695,676
30,909,323
33,561,299
32,494,414
Charges For Services
29,619,884
31,320,374
31,124,658
33,066,772
34,657,448
Fines & Forfeits
634,031
654,300
624,000
616,000
616,000
Investment Income
18,815,927
10,654,300
8,850,200
8,178,400
8,420,400
Reimbursements
322,460
255,900
339,900
228,500
230,500
Other Revenue
11,240,126
10,652,828
11,458,220
10,962,020
11,580,660
Total Revenues
127,129,548
118,474,849
120,148,301
123,068,991
125,488,452mm
OTHER FINANCING SOURCES
Interfund Transfers
600,000
750,000
1,602,000
1,540,000
1,511,000
Bond Proceeds
4,930,835
5,000,000
52,286,293
19,200,000
Other
88,337
1,665,000
1,268,862
1,075,000
75,000
Total Other Financing Sources
5,619,172
7,415,000
55,157,155
21,815,000
1,586,000
TOTAL REVENUES AND OTHER SOURCES
132,748,720
125,889,849
175,305,456
144,883,991
127,074,452
CHANGES IN FUND BALANCE/NET ASSETS
Total Revenues and Other Sources
132,748,720
125,889,849
175,305,456
144,883,991
127,074,452
Total Expenditures
108,232,778
126,197,017
143,105,072
162,538,139
145,616,348
Additions to(Use of) Fund Balance
24,515,942
(307,168)
32,200,384
(17,654,148)
(18,541,896)
ANALYSIS OFCHANGES IN FUND BALANCE/NET ASSETS
Additions to(Use of) Pension Fund Balances
17,012,887
7,878,435
4,849,004
3,922,255
4,447,746
Additions to(Use of) Other Fund Balances
7,503,055
(8,185,603)
27,351,380
(21,576,403)
(22,989,642)
Additions to(Use of) Fund Balance
24,515,942
(307,168)
32,200,384
(17,654,148)
(18,541,896)
Revenues, Expenditures, and Fund Balance/Net Assets
(excluding Pension Funds)
200,000,000
VILLAGE OF
MOUNT PROSPECT, ILLINOIS 2019 PROPOSED ANNUAL BUDGET
2017 2018 2018 2019 2020
Actual Budget Estimate Budget Forecast
OPERATING BUDGET
PUBLIC REPRESENTATION 719,942 773,873 905,806 653,883 659,281
Village Manager's Office, Legal Services
1,637,327
1,522,928
1,437,558
1,494,438
1,517,087
Village Clerk's Office
146,475
181,224
155,313
175,583
180,140
Human Resources Division
441,367
413,168
390,028
421,507
430,554
Information Technology Division
1,378,674
1,529,937
1,480,415
1,348,206
1,379,418
Communications Division488,166
_
12,526,833
516,669
522,026
538,970
552,912
Total Village Administration
4,092,009
4,163,926
3,985,340
3,978,704
4,060,111
FINANCE DEPARTMENT
2,691,196
3,018,507
2,819,872
2,867,269
2,251,958
Econ Dev and Planning & Zoning
1,160,304
1,251,933
1,404,403
1,140,030
1,190,684
Building and Inspection Services
1,648,075
1,980,176
1.960,196
2,000,039
2,051,451
Total Community Development Dept
2,808,379
3,232,109
3,364,599
3,140,069
3,242,135
HUMAN SERVICES DEPARTMENT
1,117,712
1,246,498
1,197,756
1,168,936
1,203,275
PUBLIC SAFETY AND PROTECTION
12,526,833
12,499,973
12;505,461
12,646,549
12,987,503
Police Department
17,861,033
18,700,380
18,784,632
19,011,136
19,569,834
Fire Department
15,587,244
15,648,016
15,751,928
16,350,638
16,748,760
Total Public Safety and Protection
33,448,277
34,348,396
34,536,560
35,361,774
36,318,594
UEMXRVZ` r1= ► I
Administration Division
5,549,811
5,630,699
5,891,151
6,171,904
6,197,204
Streets and Buildings Division
3,371,270
4,036,569
4,143,121
4,220,150
4,296,885
Forestry and Grounds Division
1,672,285
1,823,243
1,851,664
2,037,931
2,091,902
Engineering Division
1,500,522
1,528,378
1,541,187
1,705,828
1,751,019
Water and Sewer Division
12,526,833
12,499,973
12;505,461
12,646,549
12,987,503
Total Public Works Department
24,620,721
25,518,862
25,932,584
26,782,362
27,324,513
TL OPERATING BUDGET
69,498,236
72,302,171
72,742.517
73,952,997
75,059,867
VILLAGE OF
MOUNT PROSPECT, ILLINOIS 2019 PROPOSED ANNUAL BUDGET
2017
2018
2018
2019
2020
Actual
Budget
Estimate
Budget
Forecast
COMMUNITY INVESTMENT PROGRAM
10,042,155
21,072,546
22,497,433
51,363,432
35,394,827
DEBT MANAGEMENT
5,047,249
5,495,937
11,101,730
7,842,226
7,615,749
PENSION SYSTEMS BUDGET
Miscellaneous Pensions
46,779
46,950
5,819
5,819
5,819
Police Pensions
5,004,847
5,224,155
5,560,186
5,985,209
6,146,700
Fire Pensions ..........
5,.569,341
5,760,210
6,018,710
6.193.836
6,349.854
Total Pension Systems Budget
10,620,967
11,031,315
. ...... rrrrrrrrrrr-.--.....
11,584,715
I
12,184,864
12,502,373
INTERNAL SERVICES BUDGET
Vehicle Maintenance
2,048,217
2,056,210
2,261,133
2,034,247
2,089,620
Risk Management
8,752,271
8,613.338
9,125,244
9.208.873
9.585.576
Total Internal Services Budget
10,800,488
10,669,548
11,386,377
11,243,120
11,675,196
SPECIAL REVENUE FUNDS
Business District Fund
1,451,171
1,523,000
1,490,000
1,525,000
1,549,000
Prospect/Main TIF Dist Non- Op Expense
172,512
3,352,500
10,700,300
2,886,500
308,336
Total Special Revenue Funds
1,623,683
4,875,500
12,190,300
4,411,500
1,857,336
INTERFUND TRANSFERS
600,000
750,000
1,602,000
1,540,000
1,511,000
TOTAL EXPENDITURES
108,232,778
126,197,017
143,105,072
162,538,139
145,616,348
VILLAGE OF
MOUNT PROSPECT, ILLINOIS 2019 PROPOSED ANNUAL BUDGET
2017
2018
2018
2019
2020
Actual
Budget
Estimate
Budget
Forecast
GENERAL FUND 53,801,966
53,468,260
56,625,797
56,118,900
57,740,900
DEBT SERVICE FUND 4,913,153
5,011,668
12,424,921
5,827,228
5,897,856
Capital Improvement Fund
2,017,935
2,061,000
2,125,000
2,142,000
2,157,000
Street Improvement Construc Fund
3,727,461
3,662,000
4,000,000
3,771,000
3,801,000
Flood Control Construction Fund
396,039
339,000
428,482
2,417,422
531,074
Police & Fire Building Const.
30,052
-
33,562,375
88,000
10,000
Total Capital Projects Funds
6,141,435
6,062,000
40,115,857
8,418,422
6,499,074
1
Refuse Disposal Fund
4,317,771
4,337,000
4,349,980
4,371,720
4,393,650
Motor Fuel Tax Fund
1,427,785
1,415,000
1,431,000
1,435,000
1,445,000
CDBG
404,566
438,666
595,358
365,649
400,114
Asset Seizure Fund
30,052
7,000
12,000
12,000
12,000
Federal Equitable Share Funds
180
2,000
4,200
2,200
2,200
DUI Fine Fund
27,125
25,500
25,400
25,500
25,500
Foreign Fire Tax Board Fund
85,478
92,000
94,000
94,000
94,000
Business District Fund
1,451,171
1,523,000
1,490,000
1,525,000
1,549,000
Prospect and Main TIF District
4,931,142
1,853,953
8,683,665
10,484,000
518,000
Total Special Revenue Funds
12,6751,270
9,694,119
16,685,603
18,315,069
8,439,464
ENTERPRISE
Water and Sewer Fund
15,023,048
19,690,300
19,724,100
25,940,700
16,965,100
Village Parking System Fund
189,505
197,600
192,200
192,600
192,600
Parking System Revenue Fund
156,691
157,500
158,200
158,200
158,200
Total Enterprise Funds
15,369,244
20,045,400
20,074,500
26,291,500
17,315,900
INTERNAL
Vehicle Maintenance Fund
2,028,511
2,043,827
2,067,266
2,052,358
2,089,620
Vehicle Replacement Fund
1,855,965
1,734,300
1,831,300
2,337,100
2,337,100
Computer Replacement Fund
244,236
206,597
209,097
166,897
166,897
Risk Management Fund
8,131,865
8,760,878
8,843,215
9,255,217
9,643,341
Total Internal Service Funds
12,260,577
12,745,602
12,950,878
13,811,572
14,236,958
FIDUCIARY
Police Pension Fund
14,097,223
9,745,500
8,856,400
8,419,500
8,859,500
Fire Pension Fund
13,489,852
9,117,300
7,571,500
7,681,800
8,084,800
Total Fiduciary Funds
27,587,075
18,862,800
16,427,900
16,101,300
16,944,300
TOTAL REVENUES & OTHER SOURCES
132,748,720
125,889,849
175,305,456
144,883,991
127,074,452
VILLAGE OF
MOUNT PROSPECT, ILLINOIS 2019 PROPOSED ANNUAL BUDGET
Refuse Disposal Fund
2017
2018
2018
2019
2020
Motor Fuel Tax Fund
Actual
Budget
Estimate
Budget
Forecast
GENERALFUND
53,087,346
55,002,436
55,963,391
57,408,719
57,804,739
DEBT SERVICE FUND
4,897,159
5,014,972
9,309,584
6,726,407
6,583,380
CAPITAL
-
2,000
2,000
2,000
2,000
Capital Improvement Fund
1,269,450
3,110,623
3,050,623
2,603,440
7,231,872
Street Improvement Construc Fund
3,920,585
3,817,000
3,742,000
3,772,000
3,977,000
Flood Control Construction Fund
596,631
1,121,178
980,058
3,760,500
2,980,500
Police & Fire Building Const.
-
_ -
3,522,528
24,936,982
5,189,317
Total Capital Proiects Funds
5,786,666
8,048,801
11,295,209
35,072,922
19,378,689
Refuse Disposal Fund
4,238,744
4,353,235
4,458,738
4,502,185
4,504,115
Motor Fuel Tax Fund
1,148,795
1,799,382
2,079,723
1,867,173
1,935,516
CDBG
404,566
438,666
595,358
365,649
400,114
Asset Seizure Fund
30,223
43,900
48,200
7,000
7,000
Federal Equitable Share Funds
-
2,000
2,000
2,000
2,000
DUI Fine Fund
7,646
7,000
11,000
5,000
5,000
Foreign Fire Tax Board Fund
74,733
65,500
65,500
68,000
62,100
Business District Fund
1,451,171
1,523,000
1,490,000
1,525,000
1,549,000
Prospect and Main TIF District
298,120
5,510,919
12,061,358
10,229,238
1,211,074
Total Special Revenue Funds
7,653,998
13,743,602
20,811,877
18,571,245
9,675,919
ENTERPRISE
Water and Sewer Fund
14,305,740
19,129,956
19,430,404
19,549,572
25,286,380
Village Parking System Fund
80,669
176,167
177,991
146,101
140,325
Parking System Revenue Fund _
149,200
173,209
211,341
155,108
158,266
Total Enterprise Funds
14,535,609
19,479,332
19,819,736
19,850,781
25,584,971
_Mr
Vehicle Maintenance Fund
2,048,217
2,056,210
2,261,133
2,034,247
2,089,620
Vehicle Replacement Fund
775,704
2,958,446
2,740,002
1,073,000
2,213,000
Computer Replacement Fund
121,620
295,515
200,000
412,900
203,900
Risk Management Fund
8,752,271
8,613,338
9,125,244
9,208,873
9,585,576
Total Internal Service Funds
11,697,812
13,923,509
14,326,379
12,729,020
14,092,096
FIDUCIARY
Police Pension Fund
5,004,847
5,224,155
5,560,186
5,985,209
6,146,700
Fire Pension Fund
5,569,341
5,760,210
6,018,710
6,193,836
6,349,854
Total Fiduciary Funds
10,574,188
10,984,365
11,578,896
12,179,045
12,496,554
TOTAL EXPENDITURES
108,232,778
126,197,017
143,105,072
162,538,139
145,616,348
VILLAGE OF
MOUNT PROSPECT, ILLINOIS 2019 PROPOSED ANNUAL BUDGET
2017
2018
2018
2019
2020
Actual
Budget
Estimate
Budget
Forecast
PUBLIC REPRESENTATION 232,220
266,744
260,375
28,909
28,909
Village Manager's Office, Lega|Sem
658,612
633,359
696,971
730,798
752,917
Village Clerk's Office
119\909
139,550
127,389
138,062
142,419
Human Resources
354`705
343'468
327'548
356,657
365'579
Information Technology
751'668
773'546
745'584
609169
690.383
Communication,
289'558
228'008
232,073
232,195
239,600
Total Village Administration
2,174,452
2,118,531
2,129,665
2,126,881
2,190,898
FINANCE DEPARTMENT
1,238,260
1,296i148
1,273,416
1°305,288
1,346,139
Econ oevand Planning &Zoning
713,431
611J12
518,686
626,634
045,499
Buildinla and Insoection Services
1248601
1,553,008
1,512,442
1,692,316
1,747620
otal Community Development Dept
1,962,032
2,264,720
2,231,128
2,318,950
2,393,119
HUMAN SERVICES DEPARTMENT
975'303
1,077'108
1,028,487
980,875
1,011,982
PUBLIC SAFETY AND PROTECTION
3'043'649
3'082'926
3.146'746
2,907,583
2'999'234
Police Department
16'031'272
16'433'000
16.506,890
16,444337
15'937.694
Fire Department
13,856,924
13896530
13811288
14,375,522
14807768
Total Public Safety and Protection
29,888,196
30,329,542
30,318,178
30,819,859
31,745,462
Administration
543'808
600644
541,458
681,239
702,299
Streets/Buildings
1'961,648
1,992,284
3,089440
2,150,218
2,218,095
Forestry and Grounds
1'004287
1'04I'527
1'048,970
1,211,768
1'249.775
Engineering
1'036i349
1'064'982
1'078'655
1^144185
1'179'885
Water and Sewer Division
3'043'649
3'082'926
3.146'746
2,907,583
2'999'234
Vehicle Maintenance
1'466880
1'413'755
1'5]5']27
1,305,136
1'346'135
Total Public Works Department
9,056,621
9,196,218
9,540,596
9,400,129
9,695,423
TOTAL PERSONAL SERVICES
45,517,144
46,549,011
46,781,845
46,980,891
48,411,932
Fire Dept
Police
""'
Public Works
Fin no/
Public Rep
uzm
vmameAdmm
Finance Dept
communuvam
4.9%
Services Dept