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Home My WebLink AboutOrd 6433 02/19/2019 Making Certain Amendments to the Annual Budget Adopted for the Fiscal Year 2018ORDINANCE NO. 6433 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 19t1i day of` February, 2019 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 20th day of February, 2019, ORDINANCE NO. 6433 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 passed and approved Ordinance No. 6377 on March 6, 2018, amending the annual budget for the fiscal year commencing January 1, 2018 and ending December 31, 2018; 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, 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. 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 No. 2, 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. 2 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 19 day of February , 2019.. 01 . ......... I . ..... . Arlene A. Jurac� k Mayor ATTEST //,10 M� [ Karen Agoranos, Village Clerk VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2018 through December 31, 2018 Fund/Account Number 001 General Fund 001.401.004 001.402.007 001.410.001 001.410.009 001.415.004 001.416.001 001.453.011 001.456.001 001.492.001 001.70.00.00.0.000.449.001 All other General Fund accounts Total General Fund 002 Debt Service Fund 002.00.00.00.2.519.488.001 002.00.00.00.2.519.488.002 Revenues Current Budget Account Description Amount Telecom Tax Real Estate Trsfr Tax Building Permit Village Impact Fees State Sales Tax Pers Prop Repl Tax Parking Fines Interest Income Sale of Property Ambulance Fee Bond Proceeds Bond Premium All other Debt Service Fund accounts Total Debt Service Fund 020 Capital Improvement Fund 020.479.005 Miscellaneous Income All other Capital Improvement accounts Total Capital Improvement 023 Street Improvement Construc Fund 023.473.006 Other Reimbursements 023.479.005 Miscellaneous Income All other Street Improvement Construc Fund accounts Total Street Improvement Construc Fund 2,000,000 1,250,000 600,000 17, 765, 000 425,000 260,000 200,000 1,120,000 23,620,000 29, 848, 260 53,468,260 5,011,668 5,011,668 2,061,000 2,061,000 30,000 30,000 3,632,000 3,662,000 025 Police & Fire Building Const. Fund 025.456.001 Interest Income - 025.488.001 Bond Proceeds 025.488.002 Bond Premium - All other Police & Fire Building Const. Fund accounts Total Police & Fire Building Const. Fund E Increase (Decrease) (250,000) 180,000 185,000 105,000 4,160,000 (60,000) (50,000) 110,000 715,000 (220,000) 4,875,000 4,875,000 Amended Budget Amount 1,750,000 1,430,000 785,000 105,000 21,925,000 365,000 210,000 310,000 715,000 900,000 28,495,000 29,848,260 58,343,260_ 6,305,000 6,305,000 250,000 250,000 6,555,000 6,555,000 - 5,011,668 6,555,000 11,566,668 57,000 57,000 57,000 57,000 - 2,061,000 57„000 2,118,000 72,000 72,000 160,000 190,000 232,000 262,000 - 3„632,000 232,000 3,894,000 85,000 32,138,000 1,275,000 33,498,000 33,498,000 85,000 32,138,000 1,275,000 33,498,000 33,498,000 Fund/Account Number 042 CDBG 042.418.002 All other CDBG accounts Total CDBG 048 Business District Fund 048.00.00.00.0.775.402.003 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2018 through December 31, 2018 Revenues Account Description Comm Dev Block Grant Food & Bev Tax All other Business District Fund accounts Total Business District Fund 049 Prospect and Main TIF District 049.00.00.00.0.395.488.001 Bond Proceeds 049.00,00.00.2.566.488.002 Bond Premium 049.400.011 Prop Tax Increment CY 049.456.001 Interest Income 049.479.005 Miscellaneous Income 049.488.001 Bond Proceeds 049.492.001 Sale of Property All other Prospect and Main TIF District accounts Total Prospect and Main TIF District 050 Water and Sewer Fund 050.456.001 Interest Income 050.80.84.87.0.000.446.001 Water Sales 050.80.84.88.0.000.446.002 Sewer Fees All other Water and Sewer Fund accounts Total Water and Sewer Fund 061 Vehicle Replacement Fund 061.456.001 Interest Income 061.493.001 Gain/Loss Sale of Assets All other Vehicle Replacement accounts Total Vehicle Replacement E Current Budget Amount 378,666 378,666 60,000 438,666 420„000 420,000 1,.103„000 1,523,000 253,953 1,600,000 1,853,953 1,853,953 15,000 11,098,000 2,185,000 13,298,000 6,392,300 19,690,300 50,000 65,000 115,000 1,619,300 1,734,300 Increase Decrease Amended Budget Amount 34,259 412,925 34,259 412,925 - 60,000 34,259 472,925 (50,000) (50,000) (50,000) 143,000 159,000 216,047 86,000 170,000 6,918,000 (1,600,000) 6,092,047 6,092,047 trr (288,000) (87,0001) (228, 000) 370,000 370,000 1,103, 000 1,473,000 143,000 159,000 470,000 86,000 170,000 6,918,000 7,946,000 7,946,060- 162,000 ,946,000 162,000 10,810,000 2,098,000 13, 070, 000 6,392,300 19,462,300 71,000 121,000 69„000 134,000 140,000 255,000 - 1,619,300 140,000 1,874,300 Fund/Account Number 070 Police Pension Fund 070.460.001 070.466.001 070.466.003 070.467.001 070.467.003 070.468.001 070.468.002 070.478.010 070.478.011 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2018 through December 31, 2018 Revenues Account Description Inv Inc -Manager S Manager S Manager M Manager S Manager M Market Gain/Loss-Equities Dividend Income Village Contrib - RE Tax Village Contrib - Other All other Police Pension Fund accounts Total Police Pension Fund 071 Fire Pension Fund 071.466.001 071.466.005 071.467.001 071.467.005 071.468.001 071.468.002 071.478.010 071.478.011 Manager S Manager G Manager S Manager G Market Gain/Loss-Equities Dividend Income Village Contrib - RE Tax Village Contrib - Other All other Fire Pension Fund accounts Total Fire Pension Fund Total Estimated Revenues Fund being changed All other Village Budget accounts Current Budget Amount 418,000 10,000 10,000 100,000 100,000 2,939,000 1,260,000 3,616,500 8,453,500 1,292,000 9,745,500 10,000 10,000 100,000 100,000 2,888,000 1,238,000 3,334,500 7,680,500 1,436,800 9,117,300 108, 305, 947 17, 583, 902 Increase (Decrease) (53,000) (145,000) (166,000) (357,000) (369,000) (9,271,000) 1,265,000 (317,500) 293,500 (9,120,000) (9,120,000) (120,000) (74,000) (350,000) (335,000) (7,587,000) 1,372,000 (360,500) 336„500 (7,118,000) (7,118,000) 34, 967, 306 Amended Budget Amount 365,000 (135,000) (156,000) (257,000) (269,000) (6,332,000) 2,525,000 3,299,000 293,500 (666, 500) 1,292,000 625,500 (110,000) (64,000) (250,000) (235,000) (4,699,000) 2,610,000 2,974,000 336.500 562,500 1,436,800 1,999,300 143,273,253 17,583,902 Total Estimated Revenues After Changes 125,889,,849 34,967,306 160,857,155 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2018 through December 31, 2018 Expenditures Fund/Account Number Account Description 001 General Fund 025.60.90.00.0.706.530.006 001.00.00.00.0.000.697.001 Transfer Out 001.00.00.00.3.000.528.003 Surv. Spouse Pensions 001.30.01.00.0.000.636.027 Annexation-EGFPD Cont 001.60.61.65.0.253.500.001 Full -Time Earnings 001.60.61.65.0.253.503.001 Overtime 001.60.61.65.0.253.504.001 Specialty Pay 001.60.61.65.0.253.505.001 Holiday Pay 001.60.61.65.0.253.506.001 Longevity Pay 001.60.61.65.0.253.510.001 Medical Insurance 001.60.61.65.0.253.510.004 Dental Insurance 001.60.61.65.0.253.511.002 Medicare 001.60.61.65.0.253.513.004 Employee Allowances 001.70.71.00.0.000.619.011 Firefighting Supplies 001.70.71.00.0.000.665.032 Paramedic Equip All other General Fund accounts Total General Fund 002 Debt Service Fund 002.00.00.00.2.519.564.001 Financing Costs 002.00.00.00.2.519.694.011 20186 GO Refunding Bond Pa All other Debt Service Fund accounts Total Debt Service Fund 025 Police & Fire Building Const. Fund 025.30.01.00.0.000.564.001 Financing Costs 025.60.90.00.0.706.530.006 Other Prof. Serv, 025.60.90.00.0.706.530.025 Architect Fees 025.60.90.00.0.706.644.001 Police Station 025.70.90.00.0.706.530.006 Other Prof. Serv. 025.70.90.00.0.706.530.025 Architect Fees All other Police & Fire Building Const. Fund accounts Total Police & Fire Building Const. Fund 040 Refuse Disposal Fund 1,642,000 040.80.85.00.0.000.568.002 M/F Refuse Collection 040.80.85.00.0.000.568.005 Tipping Fees - SWANCC 040.80.85.00.0.000.568.008 S/F Recycling 040.80.85.00.0.000.568.013 Single Fam Yard Waste Collect 040.80.85.00.0.000.568.015 Hazardous Waste Collection All other Refuse Disposal Fund accounts Total Refuse Disposal Fund 4 Current Amended Budget Increase Budget Amount (Decrease) Amount 750,000 1,642,000 2,392,000 41,131 (41,131) 4,295 817 673,211 255,200 928,411 - 61,871 61,871 - 2,048,070 17,072 17,072 - 2,485 2,485 1,943,579 2,673 2,673 - 800 800 12,918 12,918 - 401 401 1,213 1,213 - 650 650 1,700 1,000 2,700 25,300 16,589 41,889 1,491,342 1,973,741 3,465,083 53,511,094 - 53,511,094 55,002,436 1,0n,741 56,976,177 - 142,000 Pay 142,000 - 4,153,817 4,153,817 - 4,295,817 4,295 817 5,014,972 5,014,972 5,014,972 4,295,817 9,310,789 723,070 723,070 - 240,000 240,000 - 400,000 400,000 - 75,000 75,000 - 10,000 10,000 - 600,000 600,000 - 2,048,070 2,048,070 - 2,048,070 2,048,070 580,808 28,000 608,808 969,100 70,000 1,039,100 667,243 20,000 687,243 i 192,505 20,000 212,505 - 105,000 105,000 2,409,656 243,000 2,652,656 1,943,579 - 1,943,579 4,353,235 243,000 4,596,235 Fund/Account Number 042 CDBG 042.40.41.00.0.151.501.001 042.40.41.00.0.151.511.001 042.40.41.00.0.151.511.002 042.40.41.00.0.151.512.001 042.40.41.00.0.152.572.002 All other CDBG accounts Total CDBG 043 Asset Seizure Fund 043.60.61.66.0.000.566.012 043.60.61.66.0.000.665.031 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2018 through December 31, 2018 Expenditures Account Description Current Budget Amount Increase (Decrease) Amended Budget Amount Part -Time Earnings 18,000 27,440 27,440 Social Security 38,900 1,702 1,702 Medicare 16,000 398 398 IMRF Pension Expense 049.40.45.00.0.000.636.004 2,953 2,953 Pads to Hope, Inc. 12,250 1766 14,016 2,500,919 12,250 34,259 46,509 7,623,000 426,416 - 426,416 438,666 34,259 472,925 Investigative Purchases Other Equipment All other Asset Seizure Fund accounts Total Asset Seizure Fund 045 DUI Fine Fund 045.60.61.65.0.000.665.031 All other DUI Fine Fund accounts Total DUI Fine Fund 048 Business District Fund 048.00.00.00.0.775.691.002 2,000 1,000 3,000 3,000 15,000 18,000 5,000 16,000 21,000 38,900 - 38,900 43,900 16,000 59,900 Other Equipment 5,000 19,000 24,000 5,000 19,000 24,000 2,000 - 2,000 7„000 19,000 26,000 RDA Interest Payment All other Business District Fund accounts Total Business District Fund 049 Prospect and Main TIF District Fund 049.00.00.00.2.566.564.001 Financing Costs 049.00.00.00.2.566.690.037 - 2018A GO Bond Interest 049.20.00.00.0.000.530.006 4,976,000 Other Prof. Serv. 049.20.00.00.0.000.531.007 10,000 Legal TIF 049.40.45.00.0.000.530.006 1,000,000 Other Prof. Serv. 049.40.45.00.0.000.636.004 2,000,000 Property Acquisition 049.40.45.00.0.000.636.005 3,010,000 Relocation Expense All other Prospect and Main TIF District Fund accounts Total Prospect and Main TIF District Fund 050 Water and Sewer Fund 050.00.00.00.2.566.564.001 050.00.00.00.2.566.685.037 050.00.00.00.2.566.690.037 050.80.84.87.0.378.570.001 Financing Costs 2018A GO Bond Principal 2018A GO Bond Interest JAWA - Water Purchase All other Water and Sewer Fund accounts Total Water and Sewer Fund 5 1,523,000 (60n000)_ 1,473,000 1,523,000 (50,000) 1,473,000 1,523,000 (50,000) 1,473,000 - 103,000 103,000 160,000 160,000 - 11,000 11,000 4,976,000 117,000 117,000 10,000 19,000 29,000 1,000,000 6,213,000 7,213,000 2,000,000 1,000,000 3,000,000 3,010,000 7,623,000 10,633,000 2,500,919 - 2,500,919 5,510,919 7,623,000 13,133,919 82,000 82,000 180,000 180,000 - 110,000 110,000 4,976,000 (600,000y 4,376,000 4,976,000 (228,000) 4,748,000 14,153, 956 14,153, 956 19,129,956 (228,000) 18,901,956 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2018 through December 31, 2018 Expenditures Fund/Account Number Account Description 060 Vehicle Maintenance Fund 95,990 060.80.86.89.0.000.503.001 Overtime 060.80.86.89.0.000.512.001 IMRF Pension Expense 060.80.86.89.0.000.513.002 Vac/Pers Leave Incent. 060.80.86.89.0.000.513.003 Retiree Sick Incentive 060.80.86.89.0.000.625.003 Vehicle Maint Supplies 060.80.86.89.0.000.627.001 Gas Vehicles All other Vehicle Maintenance Fund accounts Total Vehicle Maintenance Fund 070 Police Pension Fund 070.00.00.00.3.000.528.001 Retirement Pensions All other Police Pension Fund accounts Total Police Pension Fund 071 Fire Pension Fund 071.00.00.00.3.000.528.002 Disability Pensions 071.00.00.00.3.000.528.003 Surv. Spouse Pensions All other Fire Pension Fund accounts Total Fire Pension Fund Total Village Budget Funds being changed All other Village Budget Accounts Total Village Budget after Changes Current Amended Budget Increase Budget Amount (Decrease) Amount 102,314 47,000 149,314 95,990 60,000 155,990 1,903 22,000 23,903 - 30,000 30,000 238,154 58,000 296,154 275„000 26,000 301,000 713,361 243,000 956,361 1,342,849 - 1,342,849 2,056,210 243,000 2,299,210 4,071,454 375,000 4,446,454 4,071,454 375,000 4,446,454 1,152,701 - 1,152,701 5,224,155 375,000 5,599,155 787,480 52,000 839,480 359,900 34,000 393,900 1,147,380 86,000 1,233,380 4,612,830 - 4,612,830 5,760,210 86,000 5,846,210 104, 064,659 16,678, 887 120, 743, 546 22,132,358 _ 22,132,358 126,197,017 16,678,887 142,875,904