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HomeMy WebLinkAbout5. NEW BUSINESS 8/2/05 Mouru Prospect ~ Mount Prospect Public Works Department INTEROFFICE MEMORANDUM TO: VILLAGE MANAGER MICHAEL E. JANONIS ~b. ~T"~ 81z.1~ FROM: PROJECT ENGINEER DATE: JULY 28, 2005 SUBJECT: MAPLE STREET PARKING STUDY The Safety Commission transmits their recommendation to prohibit stopping, standing and parking along the east side of Maple Street between Council Trail and Moehling Drive and along both sides of Moehling Drive for the entire jurisdiction. The 500 block of S. Maple Street is a north-south local street near Lions Park. It is an asphalt street that is 26.5' wide (back-of-curb to back-of-curb). The block is only 300' long with a cul-de-sac at the north end. It has six properties that front the street. There are currently No Stopping, Standing, Parking 8am- 4pm School Days signs posted along the east side of the block. These signs were posted in 2001 to address on-street parking issues associated with drop-off and pick-up at Lions Park Elementary School. Moehling Drive, an east-west dead end street connected to Maple Street has No Parking Any Time signs posted on both sides of the street because of the limited right-of-way and narrow pavement. It has two properties that front the street. The petition submitted to the Village requested the Engineering Division address the parking problem along the 500 block of S. Maple Street as well as Moehling Drive during baseball season. According to the petition, vehicles park on both sides of the street making access difficult for residents and raising a safety concern as children often walk between cars. Residents have also complained about the baseball visitors littering on the lawns and the potential for emergency vehicles unable to travel on the street. According to the Mount Prospect Park District, the baseball season runs from April to July. There are two fields at the park. The west field is near Maple Street and the east field is near School Street. Practices and games are scheduled for every evening during the week and throughout the day on Saturdays. The number of teams this year has almost doubled which has increased the number of practices and games at Lions Park. The fact that the residents must now contend with visitor parking each night of the week may have contributed to them bringing their concerns to the Village now. During the evenings and weekends, most of the available on-street parking along the 500 block of S. Maple Street is occupied by baseball visitors. There are typically 6-8 vehicles parked on each side of the street. This leaves approximately 10' for thru traffic, enough for only one lane of traffic. This situation also makes it difficult for residents to back out and pull in their driveways. Beyond the 500 block of S. Maple Street, a few cars associated with the baseball games at the west field have been seen parked along the 400 block of S. Maple Street, Council Trail and within the school lot. Page 2 of2 Maple Street Parking Study July 28, 2005 The park district did pass out leaflets to parents asking them to be more courteous when parking in the neighborhood and making them aware of available parking in the school lot. A recent visit, however, still showed cars parked on both sides of Maple Street. Some of the residents affected by this study attended a recent park district meeting and voiced their concerns. The committee members appeared to by sympathetic to their concerns and agreed to take steps to change parents' behavior. Staff sent out surveys to the eight properties along Maple Street and Moehling Drive to get their opinions on this issue. Five surveys were returned. All five expressed concern with the current situation. Issues over emergency response, children safety, driveway access, blocking hydrants, noise, littering and trespassing were all expressed to the Village. The issue was discussed at the July 11, 2005 Safety Commission Meeting. Six residents were in the audience to speak on this issue. They all favored stricter parking restrictions to alleviate the parking congestion on Maple Street and Moehling Drive. They asked that any changes be made now rather than waiting until the next baseball season. After some discussion, the Safety Commission agreed to change the parking restrictions. By a vote of 6-0, the Safety Commission recommends the following changes to the Village Code: . repeal the No Stopping, Standing, Parking 8am-4pm School Days designation along the east side of Maple Street between Council Trail and Moehling Drive (Section 18.2009) . repeal the No Parking Any Time designation along both sides of Moehling Drive for the entire jurisdiction (Section 18.2006) . add a No Stopping, Standing, Parking Any Time designation along the east side of Maple Street between Council Trail and Moehling Drive (Section 18.2005) . add a No Stopping, Standing, Parking Any Time designation along both sides of Moehling Drive for the entire jurisdiction (Section 18.2005) Please include this item on the August 2nd Village Board Meeting Agenda. Enclosed are the Safety Commission Minutes from the meeting as well as a location map for your reference. ft'- Matthew P. Lawrie cc: Director of Public Works Glen Andler Village Clerk Lisa Angell x: \engineering1traffic\safecomm Irecs& min \july05rec.doc MAPLE STREET PARKING5TUDY t VILLAGE OF MOUNT PROSPECT . . ,. ;:j~/~j!J~~;:,~;~';~;f,r:;f"h\#t~Yl~)i);~,f1:~;:,~~'<,{t-0_::'I~)''''-' ;. . - EXISTING NO PARKING ANY TIME - EXISTING NO STOPPING, STANDING, PARKING 8AM-4PM SCHOOL DAYS - SAFETY COMMISSION'S RECOMMENDATION FOR NO STOPPING, STANDING, PARKING ANY TIME LIONS MEMORIAL PARK E SHA BONEE TRL MOUNT PROSPECT PARK DISTRICT BASEBALL FIELD 508 ~,1OEHUNG DR 510 .- I") l1) i'- LIONS PARK 516 0 0 0 0 N N N N ELEMENTARY SCHOOL I- (I) ..... ..J a.. <( :::E (I) co 0 0 N ~ r.o 0 .- 0 0 0 0 N N N N E COUNCIL TRL l1) o .- r--- o .- O'l o .- .- o N 600 I- (I) :::E ..J ..... (I) 601 600 Director Glen R. Andler Deputy Director Sean P. Dorsey Mount Prospect Public Works Department 1700 W. Central Road, Mount Prospect, Illinois 60()56~2229 The Regular Meeting of the Mount Prospect Safety Commission was (;alled to order at 7:25 p.m. on Monday, Julyll, 2005. . .. There was no one in attendance that spoke on an issue not on the agenda. Phone 847/870-5640 Fa" 847/253..9377 www.rnountprospect.org OLD BUSINESS None. NEW BUSINESS A) MAPLE STREET PARKING STUDY 1) Background Information The petitioner's request is to address the parking problem along the 500 block of S. Maple Street during baseball season. Vehicles park on both sides of the street making access difficult for residents and raising a safety concern as children often walk between cars. Residents have also complained about the baseball visitors littering on the lawns and the potential for emergency vehicles unable to travel on the street. The 500 block of S. Maple Street is a north-south local street near Lions Park. It is an asphalt street that is 26.5' wide (back-of-curb to back-of-curb). The block is only 300' long with a cul- de-sac at the north end. It has six properties that front the street. There are currently No Stopping, Standing, Parking 8am-4pm School Days signs posted along the east side of the block. These signs were posted in 2001 to address on-street parking issues associated with drop-off and pick-up at Lions Park Elementary School. Moehling Drive, an east- west dead end street connected to Maple Street has No Parking Any Time signs posted on both sides of the street because of the limited right-of-way and narrow pavement. According to the Mount Prospect Park District, the baseball season runs from April to July. There are two fields at the park. The west field is near Maple Street and the east field is near School Street. Practices and games are scheduled for every evening during the week and throughout the day on Saturdays and Sundays. The number of teams this year has almost doubled which has increased the number of practices and games at Lions Park. The fact that the residents must now contend with visitor parking each night of the week may have contributed to them bringing their concerns to the Village now. During the evenings and weekends, most of the available on-street parking is occupied by baseball visitors. There are typically 6-8 vehicles parked on each side of Maple Street. This leaves approximately 10' for thru traffic, enough for only one lane of traffic. This situation also makes it difficult for residents to back out and pull in their driveways. From an emergency response standpoint, the Village's fire trucks are 8' wide. There would be adequate room (while tight) to access a home in the event of an emergency even with cars parked on both sides of the street. Beyond the 500 block of S. Maple Street, a few cars associated with the baseball g~mes at the west field have been seen parked along the 400 block of S. Maple Street, Council Trail and within the school lot. The park district did pass out leaflets to parents asking them to be more courteous when parking in the neighborhood and making them aware of available parking in the school lot. A recent visit, however, still showed cars parked on both sides of Maple Street. Some of the residents affected by this study attended a recent park district meeting and voiced their concerns. The committee members appeared to by sympathetic to their concerns and agreed to take steps to change parents' behavior. Phon,-, ~':~;~- ,:' r:"{'~'},;,\' , 2) Recommendation Since this is a public street, any change in the current parking restriction must affect all potential users, including the residents. A No Baseball Parking sign would be unenforceable. Attempting to restrict parking during baseball season along with the parking restrictions already in place for may lead to confusion and would be more difficult to manage. To be consistent and a parking restriction for one side of the street at all times would be Staff s preference. also address any future changes by the park district such as a softball league, fall or other events. since baseball season is almost over, a more restrictive parking ordinance is only going the residents for the next nine months. Until next April, making no change will seem to the residents. And before the next season begins, distributing leaflets to the parents and . encouraging them to park in the lot (rather than simply saying it's available) may help the situation. It may also help to have a portable sign displayed at the corner of Maple Street and Trail directing baseball visitors to the lot to reduce on-street parking in the This would have to be coordinated with the park district. If, after these steps are and the parking problem continues, changing the parking restrictions would then be as a final solution. the Engineering Staffs review of this issue, the Village Traffic Engineer recommends no change to the parking restrictions along Maple Street at this time with the park. district to be more pro-active in getting baseball visitors to park in the lot once baseball seasol1 begins in April 2006 the parking situation at the beginning of the next baseball season problem continues, prohibit stopping, standing and parking on the east side of Maple between Moehling Drive and Council Trail at all times. 516 S. Maple Street, described the parking problem to the Commission. He said situation has made it difficult for residents to get in and out of their driveways. Radtke, 205 E. Moehling Drive, expressed a concern with children safety because of kids between the cars during baseball games. He also was concerned an emergency vehicle because of the parking situation. 201 E. MoehlingDrive,has noticed anincre~se. in games and traffic this season. It inconvenient to access his driveway and to have guests park near his house. 201 E. Moehling Drive, shared some pictures with the Commission showing the problems during baseball games. She shared her experience at a recent baseball meeting. Unfortunately, she said the parking problems have continued. Voight, 510 S. Maple Street, supported the observations made by his neighbors. Phone Frank Pantell, 508 S. Maple Street, explained that it is difficult to access his driveway because of the parking congestion along the street. Chairman Bencic asked Traffic Engineer Lawrie to present the report to the Safety Commission. Traffic Engineer Lawrie provided an overview of Staffs study of the issue. Chairman Bencic noted that he visited the site and saw how narrow the street canbecome with cars parked on both sides of the street. He supported the parking restriction change but wanted the residents' input on whether to implement the changes now or next year. Sally Cohon responded that she would like to see the signs installed immediately. Others said the same. Commissioner Keane questioned whether the signs could restrict parking between April 1 and August I only. Since there are already restrictions associated with the school, Chairman Bencic commented that it could be lead to confusion and would be difficult to enforce. for the Police pepartment. The;e was some general discussion about the need to enforce the signs and issue tickets rather than finding the owners and asking them to move their car. Sally Cohon said that some parents park along Moehling Drive where there are No Parking Any Time signs and wait in their car. She suggested that parents not be allowed to do that so that residents can access their driveways. Trfl[fi.c Engineer Lawrie mentioned to the Commission that if they were to address the parking issue on Moehling Drive, a new ordinance would be needed to change the No Parking Any Time signs to No Stopping, Standing, Parking Any Time signs. C:()I1p1.1issioner Keane, seconded by Commissioner Tortorello, moved to approve installing Stopping, Standing, Parking Any Time signs along the east side of Maple Street between Council Trail and Moehling Drive and along both sides of Moehling Drive between Maple Streefand its terminus. The motion was approved by a vote of 6-0. issues brought up for discussion. no business to discuss, the Safety Commission voted 6-0 to adjourn at 8:05 of Commissioner Tortorello. Commissioner Keane seconded the motion. Respectfully submitted, ,____ A A);J ~ -~~ Matthew P. Lawrie, P.E. Traffic Engineer x:\engineering\traffic\safecomm\recs&min\july05min.doc e,:} //.;:,?{):-Gi5,'t.O VILLAGE OF MOUNT PROSPECT SAFETY CDMMISBIDNMEETINI3 mla 07/27/05 ml 07/27/05 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 18 ENTITLED 'TRAFFIC CODE' OF THE VILLAGE CODE OF MOUNT PROSPECT BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That Section 18.2009 of "SCHEDULE IX - Parking During School Hours" of Chapter 18 of the Village Code of Mount Prospect, as amended, is hereby further amended by deleting the following: "Name of Street Maple Street Side of Street East Description Between Council Trail and Moehling Drive" SECTION TWO: That Section 18.2006 of "SCHEDULE VI - NO PARKING ANY TIME" of Chapter 18 of the Village Code of Mount Prospect, as amended, is hereby further amended by deleting the following: "Name of Street Moehling Drive Side of Street North and South Description Entire jurisdiction" SECTION THREE: That 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: NAYS: ABSENT: PASSED and APPROVED Irvana K. Wilks, Village President ATTEST: M. Lisa Angell, Village Clerk H:ICLKOIfilesIWINIORDINANCICh 18, D.elete no parking maplemoehlingaug2005.doc b mla 7/27/05 ml 7/27/05 ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 18 ENTITLED 'TRAFFIC CODE' OF THE VILLAGE CODE OF MOUNT PROSPECT BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That Section 18.2005 of "SCHEDULE V - NO STOPPING, STANDING, OR PARKING" of Chapter 18 of the Village Code of Mount Prospect, as amended, is hereby further amended by adding, in alphabetical sequence, the following: "Name of Street Maple Street Side of Street East Description Between Council Trail and Moehling Drive Moehling Drive North and South Entire jurisdiction" SECTION TWO: That 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: NAYS: ABSENT: PASSED and APPROVED Irvana K. Wilks Village President ATTEST: M. Lisa Angell Village Clerk H:\C LKO\files\ WIN\ORDINANC\CH 18, No parkingmaplemoeh/ingaugust2005.doc .--- L " mla 07/27/05 RESOLUTION NO. A RESOLUTION AUTHORIZING THE EXECUTION OF A RESTRICTIVE COVENANT FOR SIDEWALK IMPROVEMENTS 815 AND 901 SOUTH EDGEWOOD LANE WHEREAS, applicant, Larry McKone, has received approval from appropriate Village of Mount Prospect departments, to construct new single-family homes on the Subject Property, located at 815 and 901 South Edgewood Lane; and WHEREAS, Chapter 16 (Development Code) of the Village Code of Mount Prospect requires installation of sidewalks in conjunction with the development of property; and WHEREAS, in certain instances the installation of public improvements, including but not limited to sidewalks, is not feasible at the time of development, however the developer is required to provide those improvements as such time as the Village, Cook County, or Illinois Department of Transportation deems appropriate; and WHEREAS, the Mayor and Board of Trustees have determined that the best interests of the Village would be served by having the developer enter into a Restrictive Covenant, a copy of which is attached hereto and hereby made a part hereof as Exhibit "A", guaranteeing the installation of specified improvements at such a time as deemed reasonable and proper. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE. The Mayor and Board of Trustees do hereby authorize execution of a Restrictive Covenant, a copy of which Restrictive Covenant is attached hereto and hereby made a part hereof as Exhibit "A", for property commonly known as 815 and 901 South Edgewood Lane, which Restrictive Covenant guarantees the installation of public improvements in the form of sidewalks at such time as deemed necessary. F 815 and 901 South Edgewood Lane Page 2/2 SECTION TWO' The Village Clerk is hereby directed to record with the Recorder of Deeds, a fully executed copy of the Agreement being the subject of this Resolution. SECTION THREE: This Resolution shall be in full force and effect from and after its passage and approval in the manner provided by law. AYES: NAYS: ABSENT: PASSED and APPROVED Irvana K. Wilks Mayor ATTEST: M. Lisa Angell Village Clerk H:\CLKO\files\WIN\RES\Restrictive Cov ,815and90 1 edgewoodaugust2005.doc , RESTRICTIVE COVENANT BYAN})B~t~~ENIII~YILLAqEQF~9UNT PROSPECT, ILLINOIS AND THE OWNER-DEVELOPER OF CERTAIN PROPERTY WITHIN SAID VILLAGE REGARDING COMPLETION OF REQUIRED PUBLIC IMPROVEMENTS PERTAINING TO THE DEVELOPMENT OF SAID PROPERTY 815 S. Edgewood and 901 S. E6gewobd, Mt. Prospect,IL WHEREAS, pursuant to the provisions of Chapter 15 entitled "Development" of the Village Code of Mount Prospect, Illinois certain public improvements are required to be constructed and installed by owners and developers of property within the Village, as part of the approval for the development of such property; and WHEREAS, the schedule for accomplishing the construction and installation of such public improvements by the owner-developer of the property under development is often in conflict with other public improvement projects adjacent to or in the vicinity of the property so as to render the accompl ishment of such public improvements by the owner-developer to be practically or economically unfeasible until the project can be combined with or scheduled so as to confonn with other public improvements affecting the subject property under development; and WHEREAS, such other public improvement projects are administered by the Village, County or State, officials over which the owner-developer has no control, and in some instances those improvements to be accomplished by the owner-developer with respect to the property under development cannot be completed until the other improvements under Village, County or State control have been accomplished; and WHEREAS, under such circumstances, it is deemed to be inequitable to delay development of the property under development or to require the o\vner-developer to establish a cash escrow, letter of credit or improvement bond for the purpose of guaranteeing the completion of required public improvements due to the delay caused by the intervening or subsequent accomplishment of other public improvement projects under administration and control of the Village. County or State: and WHEREAS, Chapter 15 of the Village Code off\,fount Prospect, Illinois provides that in lieu of a cash escrow, letter of credit or development bond, the owner-developer may execute a restrictive covenant to be recorded and to run with the land as a guarantee that the required public improvements shall be completed with respect to the property under development. WHEREAS, the Village finds that it be in the best interests of the Village to accept a covenant to construct streetlights cur b s , gut t e r s sid e wa 1 k.m the future. NOW, THEREFORE, in accordance with the provisions of the said Chapter 15 of the Village Code of Mount Prospect, Illinois, the Undersigned Owner does hereby covenant with the Village of Mount Prospect, an Illinois municipal corporation, as follows: I. The Undersigned is the Owner of the following described property within the Village of Mount Prospect, Illinois, to wit: (~ETTYS BURG ON EDGEWOOD . Bein~ a resubdivision of lo~ 25 in Bus~e Country Estates belng a sugdivision of the west 2) acres of that part of the west 1/2 of the northwest 1/4"of section 14, township 41 north, range 11 east of the third principal meridian lying north of Seegers Rd in Cook 2. A plan of development of the described property by the Undersigned has been approved Co u n t y , I L . by the Village of Mount Prospect, which approval includes the completion of the following public improvements contained in and provided as a part of the plans, to wit: The payment for the installation of streetlights c ~ r. b s .,g u t t e r s , sid e.wa 1 k ~salong 815 S.Edgewood & 901 S. Edg.ewo'od. installed and constructed to Village Code. 3. For a period of twenty (20) years commencing from the date of this Restrictive Covenant, the Undersigned shall undertake the above-stated improvements within sixty (60) days after being advised by the Village of Mount Prospect to commence such construction and installation work. The work shall continue without interruption Or delay, until the improvements are completed in a satisfactory manner and in accordance with Village, County, and State plans and specifications. 4. This Covenant to complete public improvements shall run with the subject property for twenty (20) years. Nothing in the Covenant shall in any way prevent the alienation or sale of all or a portion of the subject property, except that the sale shall be subject to the provisions of this Restrictive Covenant and to the plan of development pertaining to the property. The new owner shall be both benefited and bound by the conditions and restrictions herein expressed of this Restrictive Covenant. . 5. This Covenant shall be binding upon and shall inure to the benefit of the parties and their successors and assigns in title and interest. The provisions shall be enforceable in a proceeding at law or in equity against the person or persons seeking to violate it including an action for injunctive relief, specific performance or to recover damages or other fines and penalties as may be established in such violation. In the event that the O\lwner-developer of the subject property fails to complete the required improvements or pay a proportionate share of the required improvements by other contractors within the specified time periods, the value of such improvements shall be entered as a lien against the property due and payable within sixty (60) days after notification to proceed with the improvements. tN WITNESS WHEREOF, the parties hereto have set their hands and seals this of ,20 day ~~,e- o R ~ ;-?lleJ 1iJ.~-iA OWNER ILLINOIS VILLAGE OF MOUNT PROSPECT, VILLAGE PRESIDENT ATTEST: VILLAGE CLERK . INTEROFFICE MEMORANDUM ,.t~ Village of Mount Prospect Mount Prospect, Illinois TO: MICHAEL E. JANONIS, VILLAGE MANAGER ~b.~~ All. C>~ FROM: DIRECTOR OF FINANCE DATE: JULY 6, 2005 SUBJECT: COMPREHENSIVE ANNUAL FINANCIAL REPORT - 12/31/04 PURPOSE: To present the Comprehensive Annual Financial Report (CAFR) for the fiscal year ended December 31,2004. BACKGROUND: Each year the Village retains a CPA firm to audit the Village's financials and assist in the preparation of the annual CAFR. Sikich Gardner & Co, LLP performed the audit for the Village for fiscal year ended December 31,2004. DISCUSSION: The CAFR presents two kinds of financial statements, each with a different snapshot of Village finances. The statement's focus is on both the Village as a whole (government-wide) and on the major individual funds. Both perspectives allow the user to address relevant questions, broaden a basis for comparison from year-to-year at the Village and also between governments and enhance the Village's accountability. Sikich Gardner has given its audit of the Village for year-end 2004 an "unqualified opinion". This means that their examination found our financial statements to be fairly presented and prepared in accordance with generally accepted accounting principles. Their opinion can be found on pages 1 and 2 in the financial section of the report. A detailed overview of the financial results for the fiscal year is provided in the Management's Discussion and Analysis (MD & A), which may be found immediately following the auditor opinion on page 3 of the financial section. Following are a few of the more significant highlights: Comprehensive Annual Financial Report July 6, 2005 Page 2 General Fund: General Fund revenues of $31,437,412 fell short of the final budget by $310,534 or 0.98%. The following table shows the variance from final budget for revenues broken down by major revenue category. Revenue Type Final Budget Actual $ Variance % Variance Property Taxes $ 8,164,528 $ 7,965,530 $ (198,998) (2.44%) Other Taxes 5,024,100 5,189,856 165,756 3.30% Licenses & Permits 2,814,750 2,798,930 (15,820) (0.56%) Intergovernmental 13,791,677 13,672,588 (119,089) (0.86%) Service Charges 806,863 749,216 (57,647) (7.14%) Fines & Forfeits 582,000 554,741 (27,259) (4.68%) Investment Earnings 47,500 45,869 (1,631) (3.43%) Miscellaneous 516,528 460,682 (55,846) (10.81 %) Total Revenue $ 31,747,946 $ 31,437,412 $ (310,534) (0.98%) Property tax revenues were down $198,998 from the final budget. The amount collected by the County and remitted to the Village came in at 96.9% of the original levy. This is slightly below the average collection ratio of 97.6% for the Village in the past five years. Revenue classified as Other Taxes exceeded the final budget by $165,756, or 3.30%. The surplus over budget can be attributed mostly to the telecommunication tax and food and beverage tax, which exceeded their budgets $81,308 and $55,486 respectively. The remaining revenues in this category had minor variances plus or minus budget. The real estate transfer tax continues to remain strong generating a positive variance of $316,018 above the original budget amount. Intergovernmental revenues fell short $119,089 or 0.86% from the $13,672,588 final budget amount. The original budget was increased by $158,477 for adjustments to various revenue line items. Although state income taxes fell slightly short of its final budget amount, the tax came in significantly higher than the original budget by $222,390. The income tax has been trending up for the past two years, but still lags below 2002 levels. Receipts from sales taxes were down $185,831 or 2.28% from the final budget. The state use tax and corporate personal property replacement tax, both state shared revenues, exceeded the final budget by $80,417 and $43,948 respectively. Intergovernmental revenues are projected to grow slowly over the next fiscal year. This is a pleasant change from the decline attributed to state shared revenues the Village has experienced over the past several years. Fines and forfeits fell short of the final budget by $27,259 or 4.68%. Local fines fell short by $76,314 while the remaining revenues in this category exceeded the final budget by $49,055. Investment earnings continue to suffer from the low interest rates continuing to be offered in the marketplace. This combined with the intentional draw down of fund balance and budget shortfalls caused investment earnings to come in $1,631 or 3.43% below the final budget projection. Although this amount appears minor, this revenue projection has been revised downward over the past several years. At its high point, interest income generated in excess of $300,000. ,f Comprehensive Annual Financial Report July 6, 2005 Page 3 General Fund expenditures totaled $31,835,052, representing a positive variance of $210,664, or 0.66%, under the revised 2004 Budget. The following table presents a breakdown of actual expenditures as compared to the final budget for each department. $ Variance % Variance Positive/ Positive/ Department Final Budget Actual (N egative) (Negative) Public Representation $ 110,074 $ 108,884 $ 1,190 1.08% Village Manager 2,058,753 2,101,737 (42,984) (2.09%) Television Services 170,262 161,903 8,359 4.91% Village Clerk 163,256 163,656 (400) (0.25%) Finance 1,368,331 1,351,088 17,243 1.26% Community Development 1,583,296 1,481,617 101,679 6.42% Human Services 784,867 702,815 82,052 10.45% Police 11,373,788 11,356,202 17,586 0.15% Fire 8,886,140 8,866,769 19,371 0.22% Public Works 5,207,593 5,212,118 (4,525) (0.09%) Other 339,356 328,263 11,093 3.27% Total Expenditures $ 32,045,716 $ 31,835,052 $ 210,664 0.66% The results from operations of the General Fund are showing a deficit in 2004. Expenditures exceeded revenues by $397,640. In addition, a transfer of$270,000 was made to cover a portion of the debt service for the new Village Hall. Fund balance totaling $667,640 was used to cover the combined shortfall. The original budget called for a planned drawdown of $362,116. Fund balance as of December 31,2004 was $8,257,514. Unreserved fund balance at year-end was $8,037,820, representing 23.7% of budgeted operating expenditures for 2005. Revenue from the sale of right- of-way earmarked to cover the transfer to debt service ($270,000) did not come in as expected, but will instead be credited in 2005. This caused a temporary drop in fund balance. Including these monies would raise fund balance to $8,322,820 or 24.5%. Special Revenue Funds: In total, the special revenue funds are showing a deficit with expenditures exceeding revenues by $737,348. There was an intentional draw down of fund balance in the Motor Fuel Tax Fund in the amount of $575,075 for the completion of carry-over projects from 2003. In addition, the Refuse Fund expenditures exceeded revenues by $189,200 due to the inclusion of the leaf removal program. Fund balances for these two special revenue funds remain strong at 48% and 55% respectively. Fund balance for all special revenue funds total $2,943,955 at year-end. Debt Service Funds: The various debt service funds are showing a combined operating deficit of $753,281 for the year, on revenues and other financing sources of $5,172,153 and expenditures of $5,925,434. Shortfalls in the home-rule sales tax accounted for much of the deficit. Fund balance for all the debt service funds totaled $36,785 at December 31,2004. Comprehensive Annual Financial Report July 6, 2005 Page 4 Capital Projects Funds: Expenditures exceeded revenues and other financing sources by $8,949,026 in 2004. Planned expenditures for property acquisition, downtown redevelopment, street improvements, and construction of the new village hall occurred during 2004 that had intentionally drawn down fund balance. The year-end fund balance was $1,982,531. Water and Sewer Fund: This fund is showing a net deficit $445,282 on revenues of $7,956,614 and expenses of $8,401,896. The net income figure includes depreciation expense of $452,769 and excludes $101,000 of bond principal payments. Pension Trust Funds: The net assets ofthe Police andFir~fighter pension funds increased during 2004. The Police Pension Fund is showing an increase of $2,095,894 in net plan assets, while the Firefighters Pension Fund is showing an increase of $1 ,617,553. According to the December 31, 2003 actuarial report, the most recent information available, the Police Pension Fund was 77.45% funded and the Firefighters Pension Fund was 78.84% funded. RECOMMENDATION: It is recommended the Village Board accept the Comprehensive Annual Financial Report for the fiscal year ended December 31,2004. /J~,t-~-'f-/ {/. C~/ DAVID O. ERB DIRECTOR OF FINANCE Copy: Finance Commission DOE/ H:\ACCT\AUDIT\2004 Audit\Correspondence\Board Memo - 12-31-04 CAFR.doc INTEROFFICE MEMORANDUM Village of Mount Prospect Mount Prospect, Illinois TO: MICHAEL E. JANONIS, VILLAGE MANAGER FROM: DIRECTOR OF FINANCE DATE: JULY 6,2005 SUBJECT: SINGLE AUDIT ACT COMPLIANCE -12/31/04 PURPOSE: To present the Single Audit Compliance Report for the fiscal year ended December 31,2004. BACKGROUND: Each year as part of the annual financial audit, the Village engages a CPA firm to undertake a compliance audit of the Village's federal and state grant receipts pursuant to the U.S. Office of Management and Budget (OMB) Circular A-133. This is commonly referred to as the Single Audit Act. Sikich Gardner & Co. LLP performed the Single Audit for the fiscal year ended December 31,2004. DISCUSSION: As you can see on pages 3 and 6 of the Single Audit Report, the auditors are reporting that the Village complied with the Single Audit Act for 2004. RECOMMENDATION: It is recommended the Village Board accept the Single Audit Compliance Report for the fiscal year ended December 31,2004. Ja<-<~c/. 0:_ DAVID o. ERB DIRECTOR OF FINANCE Copy: Finance Commission DOE! H:IACCT\AUDIT\2004 Audit\Single Audit\Memo to Manager - 2004.doc Mount Prospect INTEROFFICE MEMORANDUM Village of Mount Prospect Mount Prospect, Illinois FROM: MICHAEL E. JANONIS, VILLAGE MANAGER DIRECTOR OF FINANCE 'l:>'b.~"" el2- O~ TO: DATE: JULY 6, 2005 SUBJECT: TIF COMPLIANCE AUDIT -12/31/04 PURPOSE: To present the Report on Compliance with Public Act 85-1142 for the fiscal year ended December 31,2004. BACKGROUND: Each year as part of the annual financial audit, the Village engages a CPA firm to undertake a compliance audit of our tax increment financing activities. Sikich Gardner & Co. performed the TIF compliance audit for the fiscal year ended December 31,2004. DISCUSSION: On page three of the TIF audit is the Report of Independent Accountant's on Compliance. In this report, the auditors indicate that the Village has complied with the requirements of the Tax Increment Redevelopment Allocation Act (P.A. 85-1142). Page two lists the combining schedule of revenues, expenditures and changes in fund balance for the 2004 fiscal year and the Statistical Section on pages four-six list the summary of activity and schedule of fund balance from the inception of the TIF through 2004. The combining schedule and summary includes both the Downtown Redevelopment Construction Fund as well as the debt service funds used to support TIF redevelopment. RECOMMENDATION: It is recommended the Village Board accept the Report on Compliance with Public Act 85-1142 for the fiscal year ended December 31,2004. ~(/' .. /-'}7 ad.~4:~? . avid O. Erb Director of Finance t:~. Copy: Finance Commission DOEI H:\ACCT\AUDIT\2004 Audit\Correspondence\TIF Compliance Audit Transmittal.doc INTEROFFICE MEMORANDUM Mount Prospect Village of Mount Prospect Mount Prospect, Illinois TO: FROM: MICHAEL E. JANONIS, VILLAGE MANAGER DIRECTOR OF FINANCE ~. ~\~ e\~ oS" DATE: JULY 6, 2005 SUBJECT: AUDITOR'S MANAGEMENT LETTER -12/31/04 PURPOSE: To present the Auditor's Management Letter for the fiscal year ended December 31, 2004. BACKGROUND: Auditing Standards require auditors to present a management letter to the governing boards of entities they have audited. The purpose of the letter is to inform the board of any problems they encountered during the audit, and to report any deficiencies in internal controls uncovered during the course of the audit. DISCUSSION: Attached is the Management Letter prepared by Sikich Gardner & Co. for the fiscal year ended December 31, 2004. Page two of the Management Letter reports on current year recommendations. There were two recommendations for improvement presented. The first recommendation dealt with "Marking to Market" investments. This is the practice of revaluing the equities held in the pension portfolios to current market value. The Finance Department concurs with this recommendation and as standard practice prepares Mark to Market adjustments quarterly. The year-end adjustment for 2004 though had not been done until the commencement of the audit in April. Procedures are in place to ensure future adjustments are made in a more timely manner. The auditors also recommended the Village establish a formal audit committee to oversee the audit and monitor the Village's fraud risk assessment program. The Finance Department concurs with this recommendation and has taken steps to establish a formal audit committee. It is expected to be completed by the end of 2005. There was one recommendation from the prior year that required follow-up. The auditors noted consecutive years (2002 and 2003) where the Risk Management Fund had significant claims that resulted in a reduction in net assets (fund balance). The recommendation was to examine user fees charged to other funds that support expenditures for the Risk Management Fund. H:\ACCT\AUDIT\2004 Audit\Correspondence\Managment Letter Transmittal.doc Management Letter July 6, 2005 Page 2 of 2 In response, the Village noted that the high level of activity was unusual and not expected to continue into the future. In addition, the Village now self-insures for a larger portion of claims rather than purchasing conventional insurance. There will be an overall savings to the Risk Management Fund by making this change. RECOMMENDATION: It is recommended the Village Board accept the auditor's Management Letter for the fiscal year ended December 31,2004. /' I} //J/ /~ (A: ..(." v/ (./ . David 0, Erb Director of Finance ~, Copy: Finance Commission DOE! H:\ACCT\AUDIT\2004 Audit\Correspondence\Managment Letter Transmittal.doc Mount Prospect INTEROFFICE MEMORANDUM Village of Mount Prospect Mount Prospect, Illinois FROM: VILLAGE BOARD AND FINANCE COMMISSION DIRECTOR OF FINANCE ~. ~l~ t\1. DS'" TO: DATE: JULY 22,2005 SUBJECT: 2006-2010 CIP - Revised Attached hereto is the proposed 2006-2010 Capital Improvements Plan (CIP). The projects being considered for the year 2006 total $9,232,038. The five-year total for all projects is $48,935,288. We encourage you to read the Manager's transmittal letter beginning on page ii. This correspondence describes the purpose of the CIP, highlights some of the more significant projects, and reviews project funding. To help you evaluate our ability to fund the requested projects we have again provided five-year financial forecasts for the major operating and capital project funds that provide funding for the CIP. These forecasts can be found in Section H of the document. In general, the projects being presented directly relate to the monies expected to be available. However, from reviewing the CIP requests in conjunction with the five-year financial forecasts I would like to direct your attention to several project areas. General Fund Proiects The CIP is showing the five-year average of projects being paid from General Fund revenues as $422,000. This is higher than in previous years due to the inclusion of a single large project in 2008. Streetlight improvements totaling $440,500 are budgeted for that year. Excluding this item, the five-year average is $334,000. This is typical of the amount of capital projects funded by the General Fund on an annual basis. Of greater concern is the five-year financial forecast for the General Fund. This forecast is showing operating deficits beginning in 2006 ($975,376) with annual deficits increasing each year through 2010 ($5,565,391). See the complete five-year forecast for the General Fund beginning on page H-1. Motor Fuel Tax Fund (MFT) Receipts from motor fuel taxes for 2005 are expected to decline from 2004 and remain flat through 2006. Due to this flattening of the motor fuel taxes, the Fund has annual deficits for every year of the forecast. This will force a draw down on fund balance to where fund balance becomes negative in 2008. This is significant as the MFT Fund supports approximately one-half of the funding for the annual street program. Originally to be finished in 2005, the completion of the street program was pushed back to 2009 due to budget constraints. Constant monitoring of this Fund will be necessary to ensure that the original street resurfacing program started in 1995 is completed as planned. Capital Improvement Fund The Capital Improvement Fund is meant to support intermediate sized capital expenditures for various departments that are non-recurring in nature. Some examples of these projects are Wireless Connectivity, Phone System Upgrade and Detention Pond Improvements. Since the General Fund discontinued the annual capital transfer, $2.2 million of these intermediate sized projects have been deferred. In addition, the projects that have been funded, which are higher priority items, have drawn 2006-2010 CIP - Revised July 22,2005 Page 2 of 3 down the fund balance to where it will become negative sometime in 2007. A new annual funding source of approximately $750,000 is needed to support this capital program into the future. Street Improvement Construction Fund Proiects The forecast for the Street Improvement Fund (H-11) is showing a positive fund balance of $590,124 by the end of 201 O. This is the result of debt service for street related projects being paid off in 2004 and the projected completion in 2009 of the formal street program started in 1995. Moving forward beginning in 2010, there will be sufficient funding to support ongoing maintenance of the Village streets and also slowly rebuild fund balance, which was intentionally drawn down as part of the Village Hall financing plan. Flood Control Construction Fund Proiects The forecast for the Flood Control Construction Fund (H-12) is showing a negative fund balance of approximately $25,000 by the end of 2008. This is the result of some larger flood projects coming on line in 2008. Fund balance by 2010 is expected to fall further to a negative $1.2 million if the Prospect Meadows ($600,000) and McDonald Creek ($1,500,000) projects are completed as planned. A portion of the ~ cent home rule sales tax, which supports flood control becomes available in 2010 to support ongoing projects, but is not fully available until 2019 when all the IEPAloanobligations are paid off. Water and Sewer Fund There are several large capital projects included in the proposed CIP for 2006-2010 that significantly impacts the Water and Sewer Fund as can be seen in the five-year financial forecast beginning on page H-13. Operating deficits of between $465,000 and $2,100,000 are expected each year during the five- year plan. This is due mostly to the combined sewer reconstruction project beginning in 2005. The entire project is expected to cost $15,000,000. A comprehensive water rate study and other funding methods are being researched to locate funding sources for the project. Based on the five-year projections, fund balance will decrease over the next five years from a positive $3.5 million in 2005 to a negative $4.7 million by 2010. Bond Proceeds The proposed CIP is showing two new projects to be funded by bond proceeds. They are the construction of a new Fire Station 14 at $2.0 million and the expansion of the Public Works vehicle maintenance building at just under $1.0 million. Both projects are slated to begin in 2007. The CIP does not address the tax increases that would be associated with issuing bonds for these projects. CIP Revisions Staff met with the Finance Commission and Village Board to review the proposed capital improvement plan. Several revisions to projects were made as a result of the meetings. 1. SCBA Upgrade (0-8) originally slated for replacement in 2010 was moved up to 2006 due to the availability of grant monies from FEMA. The total cost of the upgrade is $160,000. 80%, or $128,000 will be covered by FEMA. The Village's portion, $32,000 will come out of the Capital Improvement Fund. 2. Parking Lot Improvements (F-20) scheduled for 2006 included the Police & Fire Building deck rehab ($80,000) and Public Works parking lot ($75,000). The total cost for these two projects was $155,000. After a further analysis ofthe parking deck, the projected cost of this one project is now $170,000. As a result, the public works parking lot has been deferred until 2007 . The cost of the parking deck rehab will come out of the Capital Improvement Fund. 1:\CIP\2006-2010\CIP Cover Memo August 2005 - Final Board Memo.doc 2006-2010 CIP - Revised July 22, 2005 Page 3 of 3 3. $200,000 is budgeted for Corridor Improvements (C-3) for 2006 in the proposed CIP. Corridor Improvements enhance the appearance and commercial viability of commercial corridors in the Village. For 2006, the CIP budget amount has been reduced to $50,000 with the focus being on some of the smaller corridors in the Village. Corridor improvements are funded out of the Capital Improvement Fund. 4. A portion of the monies budgeted for the corridor improvements have been reallocated to a new project not included in the original Proposed CIP. $100,000 is being set aside in 2006 for a Space Needs Study to analyze the proposed construction of a new Fire Station #14 as well as the Public Works vehicle maintenance facility expansion and Police Administration. The new space needs study will be funded out of the Capital Improvements Fund. The revised total budget for the five-year CIP is $49,135,288. This is an increase of $200,000 from the original budget. $128,000 in new revenue from FEMA grants is expected to cover most of the increase. First-year projects being considered now total $9,437,038. Revisions are currently in process for the final CIP document. The document is scheduled for distribution to the Village Board, Finance Commission, and staff on August 5,2005. Please do not hesitate to contact me with any questions regarding the CIP and its revisions. Thank you. fi /; ;;~., tLzz<-/(:7. ~ DAVID O. ERB DIRECTOR OF FINANCE Copy: Michael E. Janonis, Village Manager Dave Strahl, Assistant Village Manager Carol L. Widmer, Deputy Finance Director 1:\CIP\2006-2010\CIP Cover Memo August 2005 - Final Board Memo.doc VILLAGE OF )\10UNT PROSPECT 2006 - 2010 CAPITAL IMPROVEMENTS PLAN SUMMARY OF PROJECT REQUESTS Projects By Sources of Funds Page Project Project Name No. ~ 2006 2007 2008 2009 2010 Total General Fund: PC for New IT Staff Person (N) 0-2 80 2,000 0 0 0 0 2,000 FD Additional Computers (N) 0-3 80 2,000 2,000 0 0 0 4,000 Backbone Upgrades (N) 0-6 80 20,000 0 0 0 0 20,000 Document Imaging Licensing (N) 0-9 80 12,000 5,000 0 0 0 17,000 GIS Application Development - IT (E) 0-10 80 15,000 16,000 0 0 0 31,000 Instruction PC for Training Room (N) 0-11 80 2,000 0 0 0 0 2,000 Four-Post Server Rack (N) 0-12 80 2,000 0 0 0 0 2,000 Desktop Management Solution (N) 0-14 80 0 9,000 0 0 0 9,000 Exchange Version Upgrade (N) 0-15 80 0 18,500 0 0 0 18,500 Intrusion Detection (N) 0-16 80 0 7,000 0 0 0 7,000 Sidewalk Cost Share Program (E) F-8 60 63,600 66,250 68,900 71,700 74,200 344,650 New Sidewalks (N) F-15 60 30,000 40,000 50,000 60,000 70,000 250,000 Streetlight Improvements 2 (E) F-19 60 10,000 20,000 440,500 35,000 40,000 545,500 KBC Jogging Path Rehab (N) F-23 60 0 150,000 160,000 0 0 310,000 Tree Planting Program (E) F-17 00 93,533 101,358 109,730 118,689 128,275 551,585 Subtotal - General Fund 252,133 435,108 829,130 285,389 312,475 2,114,235 Motor Fuel Tax Fund: Kensington Improvements (N) F-ll 50 400,000 0 0 0 0 400,000 Bridge Rehabilitation (E) F-18 50 150,000 0 0 0 0 150,000 Traffic Signal Replacement (E) F-21 50 50,000 50,000 50,000 50,000 50,000 250,000 Street Improvement Program (E) F-2 60 1,200,000 1,220,000 1,240,000 1,260,000 1,280,000 6,200,000 Subtotal- Motor Fuel Tax Fund 1,800,000 1,270,000 1,290,000 1,310,000 1,330,000 7,000,000 Capital Improvement Fund: Centralized Backup (N) 0-7 80 20,000 25,000 0 0 0 45,000 PD-FD Network Rewiring (N) 0-8 80 25,000 0 0 0 0 25,000 Wireless Connectivity (N) 0-13 80 0 150,000 0 0 0 150,000 Financial Software/Hardware - FIN (N) 0-17 80 0 0 435,000 0 0 435,000 Desktop Operating System (E) 0-]8 80 0 0 0 100,000 0 100,000 Digital Mobile Video recorders (E) E-2 85 156,500 0 0 0 0 156,500 Prisoner Transport Van (N) E-3 85 56,000 0 0 0 0 56,000 Chair Replacement (N) E-5 85 42,000 0 0 0 0 42,000 Parking Enforcement Vehicle (N) E-6 85 0 30,000 0 0 0 30,000 Squad Cars (N) E-7 85 0 89,000 0 0 0 89,000 Firing Range Control System (N) E-8 85 0 42,000 0 0 0 42,000 Squad Cars - Additional (N) E-9 85 0 0 95,000 0 0 95,000 LiveScan Booking Station (N) E-4 90 60,000 0 0 0 0 60,000 Traffic Stop Data Collection (N) E-IO 90 0 0 75,000 0 0 75,000 Phone System Upgrade (N) B-2 90 35,000 275,000 0 0 0 310,000 Television Studio System (N) B-3 90 0 27,000 0 0 0 27,000 Video Conferencing System (N) B-4 90 0 134,000 0 0 0 134,000 Digital Cameras - Parking Deck (N) B-5 90 0 25,000 0 0 0 25,000 Video Conferencing System (N) D-4 90 0 75,000 0 0 0 75,000 Breathing Air Compressor (N) D-5 90 0 0 0 45,000 0 45,000 Telemetry Radios (N) D-6 90 0 0 0 48,000 0 48,000 Training Facility (N) D-7 90 0 0 0 50,000 0 50,000 A-tO VILLAGE OF MOUNT PROSPECT 2006 - 2010 CAPITAL IMPROVEMENTS PLAN SUMMARY OF PROJECT REQUESTS Projects By Sources of Funds Page Project Project Name No. ~ 2006 2007 2008 2009 2010 Total Capital Improvements Fund (cant.) SCBA Upgrade (N) D-8 90 160,000 0 0 0 0 160,000 Fuel Island Rehab (N) F-30 90 0 0 0 J 50,000 0 150,000 Other Public Buildings (E) F-16 70 150,000 63,000 100,000 40,000 45,000 398,000 Parking Lot Improvements (N) F-20 70 170,000 75,000 0 0 0 245,000 Emergency Generator PW BJdg (N) F-25 70 0 375,000 0 0 0 375,000 Corridor Improvements (E) C-3 50 50,000 200,000 200,000 200,000 200,000 850,000 Wolf Road Improvements (N) F-22 50 72,000 0 0 205, no 205,720 483,440 Detention Pond Improvements (N) F-14 40 180,000 0 400,000 190,000 200,000 970,000 Traffic Improvements (N) F-12 00 255,000 255,000 255,000 255,000 255,000 1,275,000 Aerial Photogrammetry (N) F-28 00 0 300,000 0 0 0 300,000 Busse Road Improvements (N) F-29 60 0 0 750,000 0 0 750,000 Space Needs Study (N) B-6 70 100,000 0 0 0 0 100,000 Subtotal - Capital Improvement Fund 1,531,500 2,140,000 2,310,000 1,283,720 905,720 8,170,940 Downtown Redevelopment Construction Fund: Streetscape Program (E) C-4 50 700,000 600,000 0 0 0 1,300,000 Downtown Redevelopment (E) C-2 00 80,000 80,000 80,000 0 0 240,000 Subtotal- DowntowlI Redevelopmellt Constructioll FUlld 780,000 680,000 80,000 0 0 1,540,000 Street Improvemellt Construction FUlld: Street Improvement Program (E) F-2 60 1,500,000 1,732,000 1,783,000 1,834,000 1,377,000 8,226,000 Subtotal - Street Improvement Construction FUlld 1,500,000 1,732,000 1,783,000 1,834,000 1,377,000 . 8,226,000 Flood COlltrol COllstruction FUlld: Detention Pond Improvements (N) F-14 40 35,000 0 0 0 0 35,000 Levee 37 (N) F-3 30 122,538 122,538 0 0 0 245,076 Flood Control Program (E) F-5 30 50,000 50,000 350,000 350,000 1,500,000 2,300,000 Subtotal- Flood COlltrol COllstructioll Fund 207,538 172,538 350,000 350,000 1,500,000 2,580,076 Water & Sewer FUlld: Hansen Software - PW (E) G-4 80 8,770 12,500 13,000 17,000 17,500 68,770 Laptop for PW Supervisor - PW (E) G-5 80 4,770 4,900 5,000 5,\00 5,200 24,970 Combined Sewer Improvements (N) F-4 40 2,000,000 2,000,000 1,500,000 1,500,000 1,500,000 8,500,000 Water Main Replacement (E) F-9 10 450,000 500,000 340,000 350,000 400,000 2,040,000 Water Tank Rehabilitation (E) F-IO 10 200,000 50,000 500,000 275,000 300,000 1,325,000 DBP/2 Rule Compliance (N) F-13 10 79,000 79,000 50,000 50,000 50,000 308,000 Water System - Video Security (N) F-24 10 0 210,000 0 0 0 2\0,000 Stand-By Pump Power Supply (E) F-26 10 0 375,000 400,000 410,000 0 1,185,000 Leak Detection Equipment (N) F-27 10 0 72,000 0 0 0 72,000 A-II Project Name VILLAGE OF MOUNT PROSPECT 2006 - 2010 CAPITAL IMPROVEMENTS PLAN SUMMARY OF PROJECT REQUESTS Projects By Sources of Funds Page Project No. ~ 2006 2007 2008 2009 2010 Total F-6 20 ] 10,000 ] 25,000 0 0 0 235,000 F-7 20 315,000 330,000 355,000 385,000 405,000 ],790,000 3,167,540 3,758,400 3,]63,000 2,992,]00 2,677,700 15,758,740 F-20 70 80,000 0 65,000 0 0 145,000 80,000 0 65,000 0 0 ]45,000 D-2 70 0 2,005,000 0 0 0 2,005,000 D-3 70 0 947,520 0 0 0 947,520 0 2,952,520 0 0 0 2,952,520 Water & Sewer Fund (cant.) Sanitary Sewer Monitoring (N) Sewer Main Rehabilitation (E) Subtotal- Water & Sewer Fund Village Parking System Fund: Parking Lot Improvements (N) Subtotal- Village Parking System Fund Bond Proceeds: New Fire Station ]4 (N) Public Works Expansion (N) Subtotal - Bond Proceeds DonationslConuibutionsjrom Residents/Developers: Sidewalk Cost Share Program (E) Tree Planting Program (E) F-8 F-17 60 00 Subtotal - Contributions 56,400 58,750 6],100 63,300 65,800 305,350 61,927 64,985 68,256 71,757 75,502 342,427 1 ]8,327 123,735 129,356 135,057 ]4],302 647,777 9,437,038 13,264,30] 9,999,486 8,]90,266 8,244,197 49,135,288 4,071,538 7,669,558 3,835,000 2,553,720 2,280,720 20,4] 0,536 5,365,500 5,594,743 6,] 64,486 5,636,546 5,963,477 28,724,752 9,437,038 13,264,301 9,999,486 8,]90,266 8,244,] 97 49,135,288 Total - All Sources New Projects (N) Established Projects (E) Total- All Projects (N) = New Project (E) = Established Project Project Type Codes: ]0 = Water System 20 = Sanitary Sewer 30 = Flood Control Projects 40 = Storm Sewer 50 = Street Construction and Reconstruction 60 = Resurfacing/Curbs and Gutters/Sidewalks 70 = Construction of and Improvements to Public Buildings 80 = Computer Hardware/Software 85 = Vehicles and Automotive Equipment 90 = Non-Automotive Equipment 00 = Miscellaneous A-12