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Home My WebLink AboutOrd 5489 05/17/2005 ORDINANCE NO. 5489 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2005 AND ENDING DECEMBER 31,2005 Passed and approved by the President and Board of Trustees the 17TH day of May, 2005 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 18TH day of May, 2005 ORDINANCE NO. 5489 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2005 AND ENDING DECEMBER 31,2005 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 1,2005 and ending December 31, 2005 was adopted through the passage of Ordinance No. 5475 approved by the Corporate Authorities of the Village of Mount Prospect on December 21,2004; 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, 2005 and ending December 31, 2005; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1,2005 through December 31,2005 Budget Amendment No.1 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.1, 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 1,2005 through December 31, 2005 for the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No.1 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: Corcoran, Hoefert, Kom, Lohrstorfer, Skowron, Zadel NAYES: None ABSENT: None PASSED and APPROVED this 17th day of May, 2005. ~Ui1~ , Irvana K. Wilks, Village President ATTEST fL Kimberly A. ewis, Deputy Village Clerk VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2005 through December 31, 2005 Revenues Original Amended Item Revenue Increase Revenue No. F undJProgram/Classification Account # Account Description Estimate (Decrease) Estimate General Fund Property Taxes 0010000-400100 Property Taxes - Current 6,524,885 (304,206) 6,220,679 Property Taxes 0010000-400371 Property Taxes - Pol. Pen. 949,840 127,805 1,077 ,645 Property Taxes 0010000-400372 Property Taxes - Fire Pen. 998,734 176,401 1,175,135 Intergovernmental 0010000-435900 Other Grants 8,000 1,900 9,900 8,481,459 1,900 8,483,359 All other General Fund accounts 24,641,229 0 24,641,229 Total General Fund 33,122,688 1,900 33,124,588 Capital Improvement Fund Intergovernmental Revenues 5100000-435225 Central Corridor Improv. 0 112,400 112,400 Reimbursements 5100000-470900 Other Reimbursements 0 78,876 78,876 0 191,276 191,276 All other Capital Improvement Fund accounts 40,000 0 40,000 Total Capital Improvement Fund 40,000 191,276 231,276 Downtown Redevelopment Fund Reimbursements 6300000-435205 Norwood Reimbursements 0 36,100 36,100 0 36,100 36,100 All other Downtown Redevelopment Fund accounts 2,085,975 0 2,085,975 Total Downtown Redevelopment Fund 2,085,975 36,100 2,122,075 Parking System Revenue Fund Intergovernmental Revenues 6300000-435205 LAO Grant 0 129,455 129,455 0 129,455 129,455 All other Parking System Revenue Fund accounts 107,370 0 107,370 Total Parking System Revenue Fund 107,370 129,455 236,825 Total Estimated Revenues Funds being changed 35,356,033 358,731 35,714,764 All other Village Budget accounts 35,746,344 0 35,746,344 Total Estimated Revenues After Changes 71,102,377 358,731 71,461,108 VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2005 through December 31, 2005 Expenditures Current Amended Item Budget Increase Budget No. F und/Program/Classification Account # Account Description Amount (Decrease) Amount General Fund Community Development - Economic Development Contractual Services 0012103-540247 Economic Development Program 17,600 22,850 40,450 Commodities & Supplies 0012105-570040 Clothing Supplies 1,150 700 1,850 Fire Department- Operations Personal Services 0014202-500400 Specialty Pay 172.496 14,145 186,641 Commodities & Supplies 0014204-570276 Fire Safety Education Supplies 2,000 1,900 3,900 Public Works - Forestry Contractual Services 0015203-540725 Tree Removals 72,100 11,975 84,075 Contractual Services 0015203-540726 Stump Removals 30,900 3,400 34,300 Community & Civic Services - Holiday Decorations Contractual Services 0016104-540962 White Light Installation 38,000 7,000 45,000 334,246 61,970 396,216 All other General Fund Accounts 33,593,169 0 33,593,169 Total General Fund 33,927.415 61,970 33,989,385 Motor Fuel Tax Fund Traffic Control and Street Lighting Contractual Services 0505405-540660 Traffic Light Maintenance 79,500 40,000 119.500 Infrastructure 0505405-690058 Traffic Signal Replacement 16,000 153,610 169,610 Street Improvement Projects Infrastructure 0507706-690005 Street Light Improvements 35,000 53,272 88,272 Infrastructure 0507706-690099 Bridge Rehab 175,000 43,040 218,040 305.500 289,922 595.422 All other Motor Fuel Tax Fund Accounts 1,566.250 0 1,566.250 Total Motor Fuel Tax Fund 1,871,750 289,922 2,161.672 Community Development Block Grant Fund CDBG-Assessibility & Neighborhood Improvements Building Improvements 0702306-640012 Orchard Village Rehab 37,000 18.850 55,850 37,000 18,850 55,850 All other CDBG Accounts 691,123 0 691,123 Total CDBG Fund 728,123 18,850 746,973 Capital Improvement Fund Village Improvements & Equipment Building Improvements 5107701-640038 Architect - Fire Station 14 95,000 25,000 120,000 Community Improvement Projects Land Improvements 5107702-620008 Corridor Improvements 0 21,030 21.030 Infrastructure 5107702-690005 Residential Street Lights 15,000 44\884 59,884 110,000 90.914 200,914 All other Capital Improve. Fund. Accounts 465,000 0 465,000 Total Capital Improvement Fund 575,000 90,914 665,914 Series 2003 Project Fund Office Equipment Office Equipment 5267701-650040 Village Hall Furnishings 0 22,000 22.000 0 22,000 22.000 All other Series 2003 Project Fund Accounts 0 0 0 Total Series 2003 Project Fund 0 22,000 22.000 2 VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2005 through December 31,2005 Expenditures Current Amended Item Budget Increase Budget No. F und/Program/Classification Account # Account Description Amount (Decrease) Amount Downtown Redevelopment Construction Fund Downtown Redevelopment Costs Infrastructure 5507703-690059 DIT Streetscape 0 36,295 36,295 Infrastructure 5507703-690065 Brick SIW 10.000 3,050 13,050 10,000 39,345 49,345 All other Downtown Redevelopment Constr. Fund. Accounts 241,719 0 241,719 Total Downtown Redevelopment Constr. Fund 251,719 39,345 291,064 Street Improvement Construction Fund Street Improvement Projects Infrastructure 5607706-690084 Resurfacing - Stlmp Const Fund 1,000,000 161,709 1,161,709 1,000,000 161,709 1,161,709 All other Street Improvement Fund Accounts 4,000 0 4,000 Total Street Improvement Fund 1,004,000 161,709 1,165,709 Flood Control Construction Fund Flood Control Projects Infrastructure 5907704-690102 Weller Creek Improvements 0 35,875 35,875 0 35,875 35,875 All Other Flood Control Construction Fund Accounts 547.538 0 547,538 Total Flood Control Construction Fund 547,538 35,875 583,413 Water and Sewer Fund Water Distribution Maintenance & Repair Other Equipment 6105505-670038 Booster Pump/Panel Replacement 115,000 25,000 140.000 Water & Sewer System Improvements Distribution Systems 6105510-680010 Combined Sewer Improvements 500,000 50,000 550,000 615,000 75,000 690,000 All Other Water and Sewer Fund Accounts 8,589,528 0 8,589,528 Total Water and Sewer Fund 9,204,528 75,000 9,279,528 Vii/age Parking System Fund Village Improvements & Equipment Infrastructure 6205110-690103 Parking Lot Improvements 115,000 22,118 137,118 115,000 22,118 137,118 All other Village Parking System Fund Accounts 125,367 0 125,367 Total Village Parking System Fund 240,367 22,118 262.485 Parking System Revenue Fund Village Improvements & Equipment Building Improvements 6307701-640014 Train Station Improvements 0 129,455 129,455 0 129,455 129,455 All other Parking System Revenue Fund Accounts 136,614 0 136.614 Total Parking System Revenue Fund 136.614 129,455 266,069 Vehicle Replacement Fund Motor Equipment Replacement Mobile Equipment 6707709-660115 PW Department Vehicles 310,690 64,300 374,990 310,690 64,300 374,990 All other Vehicle Replacement Fund Accounts 964,645 0 964,645 Total Vehicle Replacement Fund 1,275,335 64,300 1,339,635 3 Item No. Fund/Program/Classification Risk Management Fund Forestry Program Contractual Services All other Risk Management Fund Accounts Total Risk Management Fund Total Village Budget Funds being changed All other Village Budget Accounts Total Village Budget after Changes VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2005 through December 31, 2005 Expenditures Account # Account Description 6905203-540740 Tree Hazard Study 4 Current Amended Budget Increase Budget Amount (Decrease) Amount 10,300 3,900 14,200 10,300 3,900 14,200 5,669,350 0 5,669,350 5.679,650 3,900 5,683,550 55,442.039 14,354,049 1.015,358 o 69,796,088 1,015.358 56,457,397 14,354,049 70,811,446