HomeMy WebLinkAboutOrd 4987 12/15/1998 ORDINANCE NO. 4987
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET
ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 1998
AND ENDING DECEMBER 31, 1998
Passed and approved by
the President and Board of Trustees
the 15th dayof December ,1998
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
15~ day of December ,1998.
ORDINANCE NO. 4987
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING IANUARY 1, 1998
AND ENDING DECEMBER 31, 1998
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, 1998 and ending December 31, 1998
was adopted through the passage of Ordinance No. 4900 approved by the Corporate Authorities
of the Village of Mount Prospect on December 16, 1997; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance No. 4947 on July 14, 1998, amending the annual budget for the fiscal
year commencing January 1, 1998 and ending December 31, 1998; 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, 1998 and ending December 31, 1998; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the
changes, as specified on the attached January 1, 1998 through December 31, 1998 Budget
Amendment No. 2 to be in the best interest of the Village of Mount Prospect.
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, 1998 through December 31, 1998
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.
YES: Clowes, Corcoran, H6efert, kohrstorfer, Nocchi, Wilks
NAYES: None
ABSENT: None
PASSED and APPROVED this 15th day of December, 1998.
~' {~-erald L. ~Zarley, Vi lage ~,esfdent
ATTEST
~elma W. Lo~e~ Village Clerk
VILLAGE OF MOUNT PROSPECT
Amendment No. 2 to the
Budget for the Fiscal Year from January 1 through December 31, 1998
Revenues
Original Amended
Item Account Account Budget Increase/ Budget
No. Prob..m/Classification Number Description Amount (Decrease) Amount
Local Law Enforc~ Block Grant 1997
1 Intergoveramuntal Reveunes 060000-434400 Local Law Enl. Block Grant 0 16,353 16,353
2 Investment Income 060000460800 Bank Account Interest 0 125 125
Local Law F. afore. Block Grant 1997 Changes 0 16,478 16,478
Local Law Enfore. Block Grant 1997 Aider Changes 0 16,478
Cagital lraprovernent
Construction Fund:
3 Intergovernmental Revenue 530000-437700 Melas Park Crcunt 0 200,000 200,000
Capital Improveraent
Construction Fund Changes 0 200,000 200,000
All Other Capital Improvement
Construction Fund 2.000 2,000
Capital Improvement
Construction Fund
After Changes 2,000 202,000
P~dlage Budget:
Changes to Village Budget 0 216,478 216,478
Ail Other Village Budget 64,030,122 64,030,122
Village Budget Al~er Changes 64,030,122 64,246,600
Expenditures/Expenses
OrJ~nal Amended
Item Aeenunt Account Budget Ineresse/ Budget
No. Pro~am/Classificatiun Number Description Amount (Decrease) Amount
Local Law Enforcement
Block Grant Fund 1997:
4 Patrol & Traffic Enforcement 064102-650003 Computer Equipment- New 0 16,478 16,478
LLEBG Fund Changes 0 16,478 16,478
All Other LLEBG Fund 0 0
LLEBG Fund Atter Changes 0 16,478
Capital Improvement
Constrnetion Fund:
5 Land Improvements 537702-620007 Melas Park Improvements 400 200,000 200,400
Capital Improvement
Consln~ction Fund Changes 400 200,000 200,400
All Other Capital Improvument
Constmctien Fund 97,050 97,050
Capital Improvemunt
Construction Fund Atter
Changes 97,450 297,450
Police Pension Fund:
6 Police Pensions 718202-530100 Retirement Pensions 925,000 90,000 1,015,000
7 Police Pensions 718202-530700 Refund of Cuntributions 10,000 6,000 16,000
8 Police Pensions 718202-530902 Medical Expense 500 3,000 3,500
9 Police Pensions 718202-530903 Insurance Expense 0 4,300 4,300
Police Pension Fund Changes 935,500 103,300 1,038,800
All Other Police Pension Fund 218,025 218,025
Police Pension Fund
After Changes 1,153,525 1,256,825
Item Account Account Budget Increase Budget
No. Pro~Clessification Number Description Amount (Decrease) Amount
Firefighters' Pension Fund:
10 Fire Pensions 728203-530100 Retirement Pensions 875,000 (40,000) 835,000
11 Fire Pensions 728203-530200 Disability Pensioas 210,000 90,000 300,000
12 Fire Pensions 728203-530903 Insurance Expense 0 4,300 4,300
13 Fire Pensions 728203-530904 Bank Charges 5,700 5,000 10,700
Firefighters' Pension Fund
Chaages 1,090,700 59,300 1,150,000
All Other Firefighters'
Pension Ftmd 196,275 196~275
Firefighters' Pension Fund
After Changes 1,286,975 1,346,275
V'dlage Budget:
Changes to Village Budget 2,026,600 379,078 2,405,678
All Other Village Budget 59,754,099 59,754,099
Village Budget After Changes 61,780,699 62,159,777
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