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Home My WebLink About5.5 Ordinance making certain amendments to the Annual Budget for fiscal year ending December 31, 2019 9/17/2019 BoardDocs®Pro IL Agenda Item Details Meeting 7, 2019 - REGULAR MEETINGI - . Category 5. CONSENT AGENDA Subject i to waive the rule requiring two readings ordinance and adopt AN ORDINANCE MAKING CERTAIN FISCAL YEAR BEGINNING JANUARY 1, 2019 AND ENDING DECEMBER 31, 2019. Tye Action (Consent) Preferred to Sep 17, 2019 Absolute Date Sep 17, 2019 Fiscal Impact Yes Budgeted Yes Budget rc Various Fun - Revenue projections revised or sufficient reserves on hand to support budgetchanges Recommended cin Adopt the proposed amendmentfor the 2019 annual budget. Information Staff is recommending that the annual budget be amended for the fiscal year beginning January 1, 2019, andending December 31, 2019. This amendment for the budget year 2019 makes adjustmentsto the General Fund, CDBG Fund, Asset izr I Fine Fund, r and Sewer Fund and the Village ParkingSystem . Ordinance , adopted November 20., 2018., established the annual budget for the year ending December 31, 2019. Ordinance toApril 3, 2019, amendedthe annual budget for the year ending December 31, 2019. • Budgeted revenues were increased . The only adjustment to revenue at this time is the revenue in the CDBG Fund. o Program Inco - Increase of $34,,226 over budget, capturing current year revenue receive . ® CDBG GrantRevenue - Increase $67.,096 over budget, which will be drawnfrom the CDBG grant entitlement. • Expenditure rojections were increased y $929,812. Notableit just s include: ® Increased General fund expenditures due to funds received from Fire Department Grantsreceived. ® Increased CDBG, Assetit n I funds. ® Water Main Replacementincreased 2.000 in the Water & Sewer Fund. ® Village Parking s Fund increased for improvements to EmersonParking deck. Sufficient reserves or anticipated revenue is available in eachthe Funds to cover the requested changes. Staff requests a waivingf the rules requiring two readings f an ordinance. Alternatives . Adopt the budget amendment ordinancefor 2019. 2. Action at discretionill r . https://go.boarddocs.com/il/vomp/Board.nsf/Public 1/2 9/17/2019 BoardDocs®Pro RecommendationStaff It is recommended the Village r the proposed budget amendment2 for the 2019 annual budget. Full Ordinance - 2019 Amendment #2.pdf All items under Consent Agenda are considered routine by the Village Board and will be enacted by one motion. There will be no separate discussion of those items unless a Boardr or member from the audience so requests, in which the item will be removed from the Consent Agenda andconsidered in its sequence on theagenda. https://go.boarddocs.com/il/vomp/Board.nsf/Public 2/2 ORDINANCE NO. AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2019 AND ENDING DECEMBER 31, 2019 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the day of '12019 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the day of 12019. ORDINANCE NO. AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2019 AND ENDING DECEMBER 31, 2019 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, 2019 and ending December 31, 2019 was adopted through the passage of Ordinance No. 6418 approved by the Corporate Authorities of the Village of Mount Prospect on November 20, 2018; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 6436 on March 5, 2019, amending the annual budget for the fiscal year commencing January 1, 2019 and ending December 31, 2019; 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, 2019 and ending December 31, 2019; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2019 through December 31, 2019 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 Two, 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, 2019 through December 31, 2019 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: NAYE S: ABSENT: PASSED and APPROVED this day of , 2019. Arlene A. Juracek Mayor ATTEST Karen Agoranos Village Clerk VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2019 through December 31, 2019 Revenues Current Amended Budget Increase Budget Fund/Account Number Account Description Amount (Decrease) Amount 042 CDBG 042.418.002 Comm Dev Block Grant 275,649 671096 3421745 042.476.001 CDBG Program Income 90,000 341226 1241226 365,649 1011322 4661971 All other CDBG accounts - - - Total CDBG 365,649 1011322 4661971 Total Estimated Revenues Fund being changed 365,649 1011322 4661971 All other Village Budget accounts 144,518,342 - 144,5185342 Total Estimated Revenues After Changes 144,883,991 1011322 144,9851313 1 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2019 through December 31, 2019 Expenditures Current Amended Budget Increase Budget Fund/Account Number Account Description Amount (Decrease) Amount 001 General Fund 001.70.01.00.0.000.561.004 Cloud-Based Service 157157 107000 257157 001.70.71.00.0.000.665.018 Firefighting Equipment 157955 17000 167955 001.70.71.00.0.000.665.032 Paramedic Equip 257800 517990 777790 567912 627990 1197902 All other General Fund accounts 5779147807 - 5779147807 Total General Fund 5779717719 627990 5870347709 042 CDBG 042.40.41.00.0.151.501.001 Part-Time Earnings 377492 (377492) - 042.40.41.00.0.151.511.001 Social Security 27325 (27325) - 042.40.41.00.0.151.511.002 Medicare 544 (544) - 042.40.41.00.0.151.512.001 IMRF Pension Expense 37288 (3,288) - 042.40.41.00.0.151.522.001 Travel & Meetings 563 73 636 042.40.41.00.0.151.525.004 Training 563 (563) - 042.40.41.00.0.151.530.002 Auditing Services 491 (491) - 042.40.41.00.0.151.541.001 Legal Notices 507 (195) 312 042.40.41.00.0.151.544.002 Postage Expense 563 (445) 118 042.40.41.00.0.151.549.001 Org Memberships 761 (761) - 042.40.41.00.0.151.551.001 Copier Lease Payment 31153 (37153) - 042.40.41.00.0.151.562.002 Printing Expense 619 (619) - 042.40.41.00.0.151.604.001 Office Equipment 224 (224) - 042.40.41.00.0.151.606.001 Office Supplies 337 (337) - 042.40.41.00.0.152.572.002 Pads to Hope, Inc. 97500 127000 217500 042.40.41.00.0.152.572.009 Northwest CASA 37719 57200 87919 042.40.41.00.0.152.572.013 Children's Advocacy Center 27500 27600 57100 042.40.41.00.0.152.572.014 SPHCC Access to Care 27500 37450 57950 042.40.41.00.0.152.572.044 Northwest Compass Inc. 87000 97700 177700 042.40.41.00.0.154.572.045 Search Inc. Rehab 207000 367000 567000 042.40.41.00.0.154.572.047 Birch Manor-Health&Safety 427000 807000 1227000 042.40.41.00.0.154.572.048 Children's Advocacy Ctr - 21736 27736 1397649 1017322 240,971 All other CDBG accounts 2267000 - 226,000 Total CDBG 3657649 1017322 4667971 043 Asset Seizure Fund 043.60.61.66.0.000.665.031 Other Equipment 37000 277000 307000 37000 277000 307000 All other Asset Seizure Fund accounts 47000 - 47000 Total Asset Seizure Fund 77000 277000 347000 045 DUI Fine Fund 045.60.61.65.0.000.525.004 Training 17000 27000 3,000 045.60.61.65.0.000.665.031 Other Equipment 37000 147500 177500 47000 167500 207500 All other DUI Fine Fund accounts 17000 - 17000 Total DUI Fine Fund 57000 167500 217500 2 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2019 through December 31, 2019 Expenditures Current Amended Budget Increase Budget Fund/Account Number Account Description Amount (Decrease) Amount 050 Water and Sewer Fund 050.80.90.00.1.700.671.003 Water Main Repl 3,100,000 6827000 377827000 3,100,000 682,000 3,7827000 All other Water and Sewer Fund accounts 18,541,072 - 1875417072 Total Water and Sewer Fund 21,6417072 6827000 2273237072 051 Village Parking System Fund 051.80.81.81.0.000.679.003 Parking Lot Imp - 407000 407000 - 407000 407000 All other Village Parking System Fund accounts 1467101 - 1467101 Total Village Parking System Fund 1467101 407000 1867101 Total Village Budget Funds being changed 80,1367541 9297812 817066,353 All other Village Budget Accounts 8972877098 - 897287,098 Total Village Budget after Changes 16974237639 9297812 17073537451 3