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HomeMy WebLinkAboutOrd 5528 12/20/2005 ORDINANCE NO. 5528 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2006 AND ENDING DECEMBER 31,2006 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 20th day of December, 2005 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 2151 day of December, 2005. ORDINANCE NO. 5528 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2006 AND ENDING DECEMBER 31,2006 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE WHEREAS, the President and Board of Trustees ofthe Village of Mount Prospect in accordance with State Statutes, have provided for the preparation and adoption of an Annual Budget in lieu of passage of an Appropriation Ordinance; and WHEREAS, the tentative Annual Budget for the Village of Mount Prospect for the fiscal year beginning January 1, 2006 and ending December 31, 2006, as prepared by the Budget Officer for the Village and submitted to the President and Board of Trustees, was placed on file in the Office ofthe Village Clerk on October 7,2005 for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 8, 2005, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 20, 2005, as provided by Statute; and WHEREAS, following said public hearing, said tentative Annual Budget was reviewed by the President and Board of Trustees and a copy of said tentative Annual Budget is attached hereto and hereby made a part hereof. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: The Annual Budget for the Village of Mount Prospect for the fiscal year beginning January 1,2006 and ending December 31,2006, a copy of which is attached hereto and made a part hereof, is hereby approved and adopted as the Annual Budget for the Village of Mount Prospect for said fiscal year. SECTION TWO: Within thirty (30) days following the adoption ofthis Ordinance there shall be filed with the County Clerk of Cook County a copy thereof duly certified by the Village Clerk and Estimate of Revenues by source anticipated to be received by the Village in the fiscal year beginning January 1,2006 and ending December 31, 2006, duly certified by the Chief Fiscal Officer. SECTION THREE: 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: Corcoran, Hoefert, Kom, Lohrstorfer, Skowron, Zadel NAYS: None ABSENT: None PASSED AND APPROVED this 20th day of December, 2005. ATTEST: ~ t:/#~ Irvana K. Wilks, Village President '-. VILLAGE OF MOUNT PROSPECT 2006 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES - REVENUES 2006 2006 Original Proposed Proposed Recommended Budget Account Name Account Number Budget Change As Amended VILLAGE GENERAL FUND Property Taxes Property Taxes - Current 0010000-400100 6,407,240 669,092 7,076,332 Property Taxes - Police Pension 0010000-400371 1,246,455 (1,246,455) Property Taxes - Fire Pension 0010000-400372 1,159,017 (1,159,017) Other Taxes Food & Beverage Tax 0010000-410400 578,056 13,644 591 ,700 Licenses, Permits & Fees Vehicle Licenses 0010000-420100 1,140,000 225,000 1,365,000 Dog Licenses 0010000-420200 10,000 (10,000) Intergovernmental Revenue Use Tax 0010000-430400 616,100 10,000 626,100 Personal Property Replacement Tax 0010000-430600 293,275 25,000 318,275 Charges for Service Ambulance Billing 0010000-441200 35,000 748,000 783,000 Other General Fund Revenues 23,400,769 23,400,769 Village General Fund - Total Revenues 34,885,912 (724,736) 34,161,176 REFUSE FUND Property Taxes Property Taxes - Current 0300000-400100 2,244,024 (353,552) 1,890,472 Charges for Service S/F Refuse Disposal Charges 0300000-445050 1,019,025 1,019,025 S/F Refuse Penalties 0300000-445150 4,000 4,000 Sale of Refuse Stickers 0300000-445300 300,000 (24,550) 275,450 Investment Income Interest Income 0300000-460100 30,000 3,000 33,000 Interest - IPTIP 0300000-460110 22,000 (10,000) 12,000 Other Revenue Miscellaneous Income 0300000-480900 750 250 1,000 Other Refuse Fund Revenues 798,880 798,880 Village Refuse Fund - Total Revenues 3,395,654 638,173 4,033,827 STREET IMPROVEMENT CONSTRUCTION FUND Other Taxes Municipal Motor Fuel Tax 5600000-417400 150,450 150,000 300,450 Licenses, Permits & Fees Vehicle Licenses 5600000-420100 225,000 (225,000) Other Street Improvement Fund Revenues 1,469,505 1,469,505 Village Street Improvement Fund - Total Revenues 1,844,955 (75,000) 1,769,955 Page 1 VILLAGE OF MOUNT PROSPECT 2006 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES - REVENUES Account Name 2006 Original Proposed Budget Account Number LIBRARY FUND Property Taxes Library Services IMRF & FICA Building Maintenance & Repair Insurance & Audit Bond & Interest Other Revenues Library Fund - Total Revenues Page 2 Recommended Change 4,761,899 545,749 295,312 92,475 1,577,275 840,581 8,113,291 2006 Proposed Budget As Amended 4,761,899 545,749 295,312 92,475 1,577,275 840,581 8,113,291 VILLAGE OF MOUNT PROSPECT 2006 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES - EXPENDITURES 2006 2006 Original Proposed Proposed Recommended Budget Account Name Account Number Budget Change As Amended VILLAGE GENERAL FUND Village Manager's Office Information Technology Personal Services 0011104-500xxx 281,838 (48,000) 233,838 Employee Benefits 0011104-510xxx 108,231 (20,137) 88,094 Other Employee Costs 0011104-520xxx 6,900 (900) 6,000 Office Equipment 0011104-650xxx 32,000 (2,000) 30,000 Community Development Housing Inspections Employee Benefits 0012106-510xxx 82,018 (11,650) 70,368 Police Administration Employee Benefits 0014101-510xxx 1,611,470 (1,246,455) 365,015 Other Employee Costs 0014101-520xxx 129,000 (8,015) 120,985 Contractual Services 0014101-540xxx 94,950 (950) 94,000 Patrol & Traffic Enforcement Personal Services 0014102-500xxx 6,047,664 (47,433) 6,000,231 Employee Benefits 0014102-510xxx 1,116,353 (688) 1,115,665 Commodities & Supplies 0014102-570xxx 93,425 (3,225) 90,200 Fire Administration Employee Benefits 0014201-510xxx 1,421,584 (1,159,017) 262,567 Public Works Forestry Personal Services 0015204-500xxx 23,086 (70) 23,016 Engineering Personal Services 0015401-500xxx 502,033 3,298 505,331 Employee Benefits 0015401-510xxx 164,672 584 165,256 Engineering-Traffic Control Personal Services 0015405-500xxx 77,777 3,298 81,075 Employee Benefits 0015405-510xxx 26,603 583 27,186 Community & Civic Services 4th of July & Civic Events Contractual Services 0016103-540xxx 2,500 1,000 3,500 Other General Fund Expenditures 24,114,995 0 24,114,995 Village General Fund - Total Expenditures 35,937,099 (2,539,777) 33,397,322 MOTOR FUEL TAX FUND Street Improvement Projects Infrastructure 0507706-690xxx 100,000 50,000 150,000 Other MFT Fund Expenditures 2,100,835 2,100,835 Village Motor Fuel Tax Fund - Total Expenditures 2,200,835 50,000 2,250,835 Page 3 VILLAGE OF MOUNT PROSPECT 2006 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES - EXPENDITURES 2006 2006 Original Proposed Proposed Recommended Budget Account Name Account Number Budget Change As Amended 2002B B&I. PUBLIC BUILDINGS Debt Service Bank & Fiscal Fees 2008102-720xxx 600 (600) Other 2002B Fund Expenditures Village 2002B Fund - Total Expenditures 600 (600) LIBRARY FUND Salaries & Benefits Salaries 1101 0 3,591,031 3,591,031 Medical Insurance 1102 0 327,021 327,021 IMRF Pension 1103 0 281,951 281,951 FICA & Medicare 1104 0 274,713 274,713 Unemployment Compensation 1105 0 5,500 5,500 Sub-Total Salaries & Benefits 0 4,480,216 4,480,216 Other Administrative Costs Audit 1201 0 3,325 3,325 Legal Fees 1203 0 15,000 15,000 Printing 1203 0 25,000 25,000 Other Operating Expense 1204 0 18,000 18,000 Community Services 1205 0 17 ,500 17,500 Youth Programs 1207 0 17,000 17,000 Professional Memberships 1208 0 5,200 5,200 Board - Training & Development 1209 0 6,000 6,000 Staff - Training & Development 1210 0 26,500 26,500 Telephone 1301 0 33,880 33,880 Insurance 1302 0 91,000 91,000 Processing Supplies 1304 0 31,200 31,200 Office Supplies 1305 0 14,800 14,800 Library Supplies 1306 0 35,700 35,700 Postage 1309 0 27,100 27,100 Consulting Fees 1310 0 5,000 5,000 Contractual Services 1311 0 71,300 71,300 Data Processing Costs 1312 0 34,700 34,700 Sub-Total Other Administrative Costs 0 478,205 478,205 Building Maintenance Costs Building Maintenance 1401 0 50,900 50,900 Equipment Maintenance 1402 0 55,440 55,440 Equipment Rental 1403 0 27,088 27,088 Janitorial Expenses 1404 0 48,000 48,000 Equipment 1408 0 60,000 60,000 Heating & Air Conditioning 1501 0 100,000 100,000 Water & Sewer 1502 0 4,500 4,500 Sub-Total Building Maintenance Costs 0 345,928 345,928 Page 4 VILLAGE OF MOUNT PROSPECT 2006 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES - EXPENDITURES 1401 0 243,300 243,300 1402 0 68,200 68,200 1403 0 105,000 105,000 1404 0 26,000 26,000 1408 0 19,000 19,000 1501 0 25,800 25,800 1502 0 93,367 93,367 0 580,667 580,667 0 100,000 100,000 0 450,000 450,000 0 100,000 100,000 0 1,578,275 1,578,275 0 2,228,275 2,228,275 0 8,113,291 8,113,291 Account Name Account Number 2006 Original Proposed Budget LIBRARY FUND (cant.) Books & Library Materials Adult Book Adult Audio-Visual Youth Books Youth Audio-Visual Periodicals Microform Electronic Resources Sub-Total Books & Library Materials Other Funds Gift Fund Building & Equipment Fund Capital Improvement Fund Debt Service Fund Sub-Total Other Funds Library Fund - Total Expenditures Page 5 Recommended Change 2006 Proposed Budget As Amended VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY TOTAL VILLAGE BUDGET 2004 Actual 2005 Budget 2005 Estimate 2006 Budget 2007 Forecast REVENUES AND OTHER SOURCES Property Taxes 11,177,088 I 1,980,598 11,775,079 10,44 I ,909 10,670,612 Other Taxes 13,040,975 12,838,924 13,999,039 14,566,963 14,912,855 Licenses, Permits & Fees 3,026,687 2,801,736 2,873,700 2,880,166 2,880,388 Intergovernmental Revenue 14,56 I ,956 15,620,370 15,632,304 16,035,572 16,164,742 Charges for Service 14,976,94 I 16, I 18,285 16, I 76,345 20,422,428 21,333,192 Fines and Forfeits 609,118 527,100 545,250 547,200 558,355 Investment Income 6,40 I ,585 4,591,120 3,705,038 4,2 I 1,275 4,247,265 Reimbursements 542,26 I 452,592 498,046 339,662 349,159 Other Revenue 4,159,627 4,325,383 4,574,270 4,762,088 5,125,001 Interfund Transfers 1,040,567 805,000 805,000 315,000 - Other Financing Sources 784,014 1,400,000 2,188,150 3,860,000 60,000 Village Revenues and Other Sources 70,320,8 I 9 71,461,108 72,772,22 I 78,382,263 76,30 I ,569 Mount Prospect Library Revenues 6,614,640 8,536,993 8,536,993 8,113,291 (a) Total Revenues and Other Sources 76,935,459 79,998,101 81,309,214 86,495,554 76,301,569 BUDGET EXPENDITURES Village Operating Budget 45,884,297 48,639,639 48,699,010 48,63 I ,192 50,839,572 Village Capital Budget 14,362,108 5,962,204 5,447,075 12,592,144 11,059,066 Debt Service Budget 5,925,436 4,54 1,053 4,541,052 3,833,577 4, I 79,828 Pension Systems Budget 4,369,92 I 4,750,0] 8 4,530,791 4,951,821 5,058,708 Internal Services Budget (b) 6,608,764 6,945,233 6,876,469 7,807,209 8,233,413 Total Village Expenditures 77,150,526 70,838,147 70,094,397 77,815,943 79,370,587 Mount Prospect Library Budget 18,426,148 8,536,993 8,536,993 8,113,291 (a) Total Expenditures 95,576,674 79,375,140 78,631,390 85,929,234 79,370,587(d) CHANGES IN FUND BALANCES (d) Excess (Deficiency) of Revenues & Other Sources Over Expenditures (18,641,215) 622,961 2,677,824 566,320 (3,069,018) Fund Balances Start of Budget Year I 18,662,535 100,02 I ,320 100,021,320 102,699, I 44 103,265,464 End of Budget Year 100,02 I ,320 100,644,281 102,699, I 44 103,265,464 100,196,446 Less: Pension Fund Balances ( c ) (72,345,849) (75,022,814) (74,082,56 I) (76,246,769) (78,659,727) Available Fund Balances 27,675,471 25,62 I ,467 28,6 I 6,5 83 27,0 I 8,695 21,536,719 (a) Not available as of December 20,2005. (b) Internal Services Budget includes Vehicle Maintenance Fund, Risk Management Fund, and Capital Fixed Assets. The Equipment Replacement Fund and Computer Replacement Fund are included in the Village Capital Budget. (c) Pension Fund Balances are reserved for pension benefits and not available for appropriation. (d) Does not include the results of operation of the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2004 2005 2005 2006 2007 Actual Budget Estimate Budget Forecast PROPERTY TAXES 11,177,088 11,980,598 11,775,079 10,441,909 10,670,612 OTHER TAXES Home Rule Sales Tax 3,538,587 3,456,825 3,863,232 3,914,197 4,031,638 Food & Beverage Tax 660,998 603,800 691,710 725,505 758,800 Special Service Area Taxes 1,495,756 1,555,942 1,551,517 1,524,100 1,524,100 Property Tax Increment 1,538,261 1,815,025 2,027,995 2,397,911 2,501,952 Real Estate Transfer Tax 1,143,518 928,500 1,100,000 1,075,000 I, I 00,000 Utility Taxes 4,285,846 4,137,692 4,408,160 4,468,900 4,530,550 Municipal Motor Fuel Tax 156,914 152,440 148,950 300,450 303,450 Othcr Taxes 221,095 I 88,700 207,475 160,900 162,365 13,040,975 12,838,924 13,999,039 14,566,963 14,912,855 LICENSES, PERMITS & FEES Vehicle Licenscs 1,350,316 1,365,000 1,365,000 1,365,000 1,365,000 Other Licenses 363,037 346,500 358,500 348,000 348,000 Pcnnit Fees 563,822 456,000 520,000 517,000 517,000 Infrastructure Mtc Fee Franchise Fee 338,518 340,000 340,000 340,000 340,000 Other Fees 410,994 294,236 290,200 310,166 310,388 3,026,687 2,801,736 2,873,700 2,880,166 2,880,388 INTERGOVERNMENT AL REVENUE State Salcs Tax 7,964,169 9,056,295 8,604,295 8,862,500 9,128,375 State Income Tax 3,575,784 3,436,580 3,961,055 4,000,665 4,040,670 State Motor Fuel Tax ] ,635,705 1,647,100 1,625,115 1,625,115 1,625,115 Other State Taxes 803,016 754,740 902,900 950,875 959,960 Community Devl Block Grant 422,048 449,000 511,419 449,317 387,422 Other Grants 161,234 276,655 27,520 147,100 23,200 14,561,956 15,620,370 15,632,304 16,035,572 16,164,742 CHARGES FOR SERVICE Water & Sewer Charges 6,383,121 6,892,392 6,998,470 8,846,611 9,308,140 Parking Charges 158,706 211,250 194,325 202,000 202,000 Refuse Disposal Charges 999,656 1,044,800 1,056,800 1,058,330 1,088,885 Internal Service Fund Charges 6,686,002 7,200,412 7,200,412 7,778,405 8,173,956 Other Service Charges 749,456 769,431 726,338 2,537,082 2,560,211 14,976,941 16,118,285 16,176,345 20,422,428 21,333,192 FINES AND FORFEITS 609,118 527,100 545,250 547,200 558,355 INVESTMENT INCOME General Fund 123,421 156,000 211,700 204,700 204,700 Pension Funds 5,847,770 4,113,500 2,909,064 3,519,425 3,592,615 Other Funds 430,394 321,620 584,274 487,150 449,950 6,401,585 4,591,120 3,705,038 4,211,275 4,247,265 VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2004 Actual 2005 Budget 2005 Estimate 2006 Budget 2007 Forecast REIMBURSEMENTS 542,261 452,592 498,046 339,662 349,159 OTHER REVENUE Village Police & Fire Pension Contributions Developer Donations Employee & Retiree Contributions Other Revenue 2,137,267 2,295,580 2,250,524 2,448,272 2,688,819 17,990 25,000 162,450 14,500 14,500 1,698,484 1,762,103 1,796,306 2,036,391 2,178,287 305,886 242,700 364,990 262,925 243,395 4,159,627 4,325,383 4,574,270 4,762,088 5,125,001 68,496,238 69,256,108 69,779,071 74,207,263 76,241,569 ] ,040,567 805,000 805,000 315,000 TOTAL VILLAGE REVENUES INTERFUND TRANSFERS OTHER FINANCING SOURCES Bond Proceeds Installment Note Proceeds Sale of Property 705,000 79,014 784,014 1,400,000 1,400,000 2,188,150 2,188,150 3,800,000 60,000 3,860,000 60,000 60,000 MOUNT PROSPECT LIBRARY REVENUES 7(~~I~~~~~t~~~V~~;~!~~t. .'" " i;.-'<:'_",.:......_.'.:'::,' "'." .. ':, ',: .',i"':"\;;>'>\,-' ,': /:>,:,,-, :~';T()TAU:RE~NiJES.A~D:Q'i'I:iER.SOUR"'i ',S;[~';:(;~': .. :~l;~~~fl::~~~i~~:~~~i, . CHANGES IN FUND BALANCES Total Revenues & Other Sources Total Expenditures Additions to <Use of> Fund Balances 76,935,459 97,155,102 (20,219,643 ) 79,998,101 79,375,140 622,961 81,309,214 78,631,390 2,677,824 86,495,554 85,929,234 566,320 (b) 76,301,569 79,370,587 (3,069,018) ANAL YSIS OF CHANGES IN FUND BALANCES (b) Additions to Pension Fund Balances 4,680,722 2,731,595 1,736,712 2,164,208 2,412,958 Additions to Other Fund Balances <Use ot> Other Fund Balances (24,900,365) (2,108,634 ) 941,112 (1,597,888) (5,481,976) (20,219,643) 622,961 2,677,824 566,320 (3,069,018) (a) Figures not available as of December 20,2005. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY BUDGET EXPENDITURES 2004 2005 2005 2006 2007 Actual Budget Estimate Budget Forecast VILLAGE OPERATING BUDGET PUBLIC REPRESENTATION 108,883 117,383 118,373 118,893 121,160 VILLAGE ADMINISTRATION Village Manager's Office 2,101,739 1,947,752 1,900,959 2,049,512 2,354,211 Television Services Division 161,905 213,757 209,536 164,551 183,288 Village Clerk's Office 163,658 171,874 174,443 192,826 197,705 Finance Department 1,351,085 1,570,355 1,588,669 1,636,76 I 1,699,287 Totals 3,778,387 3,903,738 3,873,607 4,043,650 4,434,491 COMMUNITY DEVELOPMENT Community Development 1,481,617 1,693,924 1,673,379 1,774,953 1,878,242 Community Development/CDBG 524,621 746,973 611,419 499,317 437,422 Totals 2,006,238 2,440,897 2,284,798 2,274,270 2,315,664 HUMAN SERVICES DEPARTMENT 702,816 720,533 699,508 731,373 767,619 PUBLIC SAFETY AND PROTECTION Police Department 11,396,121 11,664,483 11,645,237 11,532,928 11,875,477 Fire Department 8,867,002 9,388,066 9,353,210 8,722,426 9,103,351 Totals 20,263,123 21,052,549 20,998,447 20,255,354 20,978,828 PUBLIC WORKS DEPARTMENT Administration 994,314 1,104,481 1,107,306 I, 18l ,208 1,257,276 S treets/B Idgs/Parking 2,856,331 2,529,296 2,611,123 2,602,883 2,745,781 Forestry 1,287,298 1,447,993 1,493,804 1,553,262 1,655,362 Engineering 982,063 1,327,067 1,307,237 1,166,352 1,259,509 Water/Sewer 8,399,750 9,279,527 9,446,263 10,099,876 10,838,189 Refuse Disposal 3,435,696 3,634,727 3,633,994 3,950,243 4,117,610 Totals 17,955,452 19,323,091 19,599,727 20,553,824 21,873,727 COMMUNITY & CIVIC SERVICES 274,492 276,448 319,550 338,828 348,083 CONTINGENCIES & EQUITY TRANSFERS 794,906 805,000 805,000 315,000 VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY BUDGET EXPENDITURES 2004 2005 2005 2006 2007 Actual Budget Estimate Budget Forecast VILLAGE CAPITAL BUDGET Village Improvements & Equip 6,825,899 662,455 394,226 1,4 I 9,500 4,905,020 Community Improvement Projects 172,578 100,914 79,884 90,000 410,000 Downtown Redevelopment Constr 2,575,688 290,566 462,155 6,045,926 1,119,593 Flood Control Projects 311,233 583,413 268,548 527,538 427,538 Street Improvement Projects 3,479,753 2,785,521 2,757,967 3,433,000 3,011,100 Motor Equipment Replacement 871,448 1,339,635 1,304,295 930,380 944,265 Computer Replacement 125,509 199,700 180,000 145,800 241,550 Totals 14,362,108 5,962,204 5,447,075 12,592,144 11,059,066 DEBT SERVICE BUDGET Debt Service - Property Tax 2,019,965 1,979,111 1,979,111 1,450,361 1,700,959 Debt Service - Tax Increment 911,206 1,096,145 1,096,145 996,675 1,069,675 Debt Service - Home Rule Sales Tax 1 1,498,866 1,427,997 1,427,996 1,386,541 1,409,194 Debt Service - Home Rule Sales Tax 2 1,495,399 Debt Service - Special Service Area 37,800 37,800 Totals 5,925,436 4,541,053 4,541,052 3,833,577 4,179,828 PENSION SYSTEMS BUDGET Miscellaneous Pensions 53,772 54,630 54,689 55,609 56,533 Police Pensions 2,154,355 2,366,440 2,309,051 2,375,461 2,431,058 Fire Pensions 2,161,794 2,328,948 2,167,051 2,520,751 2,571,117 Totals 4,369,921 4,750,018 4,530,791 4,951,821 5,058,708 VILLAGE INTERNAL SERVICES BUDGET Vehicle Maintenance Services 1,292,488 1,275,883 1,384,521 1,450,029 1,495,058 Risk Management Casualty and Property Insurance 1,310,223 1,260,047 1,196,784 1,325,485 1,338,191 Medical Insurance 4,006,053 4,409,303 4,295,164 5,031,695 5,400,164 Capital Fixed Assets Totals 6,608,764 6,945,233 6,876,469 7,807,209 8,233,413 MOUNT PROSPECT LIBRARY BUDGET 18,426,148 8,536,993 8,536,993 8,113,291 (a) (a) Figures not available as of December 20, 2005. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2004 Actual 2005 Budget 2005 Estimate 2006 Budget 2007 Forecast GENERAL FUND 31,514,962 33,124,588 35,009,308 34,161,176 35,047,456 SPECIAL REVENUE FUNDS Refuse Disposal Fund 3,248,213 3,341,773 3,351,359 4,033,827 4,121,096 Motor Fuel Tax Fund 1,672,114 1,669,600 1,661,315 1,639,215 1,632,215 Law Enforcement Block Grant 11,165 10,000 100 1,000 1,000 Community Dev. Block Gmt 524,620 499,000 611,419 499,317 437,422 Asset Seizure Fund 605 500 5,000 1,100 1,100 DEA Shared Funds Fund 33,960 12,250 1,500 2,500 2,500 DU1 Fine Fund 21,159 10,100 22,200 23,300 24,455 5,5\1,836 5,543,223 5,652,893 6,200,259 6,219,788 DEBT SERVICES FUNDS 0.0. Bonds - Property Taxes 1,796,152 1,991,366 2,002,213 1,726,105 1,309,740 G.O. Bonds - Tax Increment 1,008,503 1,075,650 ] ,087,900 1,046,250 1,157,057 G.O. Bonds - Home Rule Sales Tax 1 1,183,170 \,\54,175 1,335,733 1,311,897 1,35\,688 G.O. Bonds - Home Rule Sales Tax 2 1,184,331 335,000 256,027 Special Service Area Bonds 24,217 29,057 5,172,\56 4,580,408 4,710,930 4,084,252 3,818,485 CAPITAL PROJECTS FUNDS Capital Improvement Fund 253,630 23\ ,276 301,326 156,900 19,500 Series 200 \ Project Fund Series 2003 Project Fund 26,506 Downtown Redevlpmnt Const 1,243,352 2,122,075 2,058,182 5,167,911 1,361,145 Street Improve Const Fund 1,517,479 1,365,165 1,608,179 1,769,955 1,678,300 Flood Control Const Fund 18,331 12,000 42,000 27,250 25,000 3,059,298 3,730,516 4,009,687 7,122,016 3,083,945 ENTERPRISE FUNDS Water And Sewer Fund Village Parking System Fund Parking System Revenue Fund 7,963,339 330,855 80,557 8,374,751 8,493,217 116,236 236,825 8,846,278 8,658,445 105,640 101,425 8,865,510 10,512,211 102,756 109,000 10,723,967 10,973,740 102,978 109,000 11,185,718 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Fund Risk Management Fund 1,242,211 1,003,103 227,899 5,217,732 7,690,945 1,309,945 1,058,035 161,201 5,679,931 8,209,112 1,315,245 1,078,441 171,038 5,746,355 8,31 1,079 1,450,058 1,083,413 180,020 6,316,682 9,030,173 1,495,106 1,087,413 168,044 6,780,481 9,531,044 VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2004 2005 2005 2006 2007 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund 4,713,693 3,686,073 3,017,344 3,654,043 3,840,710 Fire Pension Fund 4,283,178 3,740,910 3,195,470 3,406,377 3,574,423 Benefit Trust #2 Fund 8,996,871 7,426,983 6,212,814 7,060,420 7,415,133 MOUNT PROSPECT LIBRARY FUND 6,614,640 8,536,993 8,536,993 8,113,291 (a) (a) Figures not available as of December 20,2005. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY EXPENDITURES BY FUND 2004 2005 2005 2006 2007 Actual Budget Estimate Budget Forecast GENERAL FUND 32,105,287 33,989,385 34,055,008 33,397,322 34,716,843 SPECIAL REVENUE FUNDS Refuse Disposal Fund 3,435,696 3,634,727 3,633,994 3,950,243 4,117,610 Motor Fuel Tax Fund 2,247,050 2,186,672 2,178,748 2,250,835 1,731,855 Local Law Enforcement B]ock Grant 11,123 1,000 1,000 1,000 Community Development Block Grant 524,621 746,973 611,419 499,317 437,422 Asset Seizure Fund 7,000 1,000 1,100 1,100 DEA Shared Funds Fund 18,653 1,000 27,852 2,500 2,500 DUI Fine Fund 10,144 1,000 23,227 1,000 1,000 Totals 6,247,287 6,577,372 6,477,240 6,705,995 6,292,487 DEBT SERVICE FUNDS G.O. Bonds - Property Taxes 2,019,965 1,979,111 ],979,111 1,450,361 1,700,959 G.O. Bonds - Tax Increment 911,206 1,096,145 1,096,145 996,675 1,069,675 G.O. Bonds - Home Rule Sales Tax 1 1,498,866 1,427,997 1,427,996 1,386,541 1,409,194 G.O. Bonds - Home Rule Sales Tax 2 1,495,399 Special Service Area Bonds 37,800 37,800 Totals 5,925,436 4,541,053 4,541,052 3,833,577 4,179,828 CAPITAL PROJECTS FUNDS Capital Improvement Fund 441,899 665,914 288,384 1,635,500 5,315,020 Series 2001 Project Fund Series 2003 Project Fund 6,556,578 22,000 56,271 Downtown Redevelop Canst Fund 2,250,000 291,064 462,955 6,046,726 1,]20,393 Street Improvement Const Fund 2,446,971 1,165,709 1,165,709 1,504,000 1,738,000 Flood Control Const Fund 311,233 583,413 268,548 527,538 427,538 Totals 12,006,681 2,728,100 2,241,867 9,713,764 8,600,951 ENTERPRISE FUNDS Water and Sewer Fund 8,399,750 9,279,527 9,446,263 10,099,876 10,838,189 Village Parking System Revenue Fund 132,722 262,485 197,]48 143,798 148,253 Parking System Revenue Fund 405,487 266,069 284,753 131,410 161,718 Totals 8,937,959 9,808,081 9,928,164 10,375,084 11,148,160 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund 1,292,488 1,275,883 1,384,521 1,450,029 1,495,058 Vehicle Replacement Fund 871,448 1,339,635 1,304,295 930,380 944,265 Computer Replacement 125,509 199,700 180,000 145,800 241,550 Risk Management Fund 5,322,282 5,683,550 5,506,148 6,367,780 6,749,270 Capital Fixed Assets Totals 7,611,727 8,498,768 8,374,964 8,893,989 9,430,143 VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY EXPENDITURES BY FUND 2004 2005 2005 2006 2007 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund 2,154,355 2,366,440 2,309,051 2,375,461 2,431,058 Fire Pension Fund 2,161,794 2,328,948 2,167,051 2,520,751 2,571,117 Benefit Trust #2 Fund Totals 4,316,149 4,695,388 4,476,102 4,896,212 5,002,175 MOUNT PROSPECT LIBRARY BUDGET 18,426,148 8,536,993 8,536,993 8,113,291 (a) (a) Figures not available as of December 20,2005. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2006 Estimated Balance 12-31-05 2006 Budget Revenues Estimated Balance 12-31-06 2006 Budget Ex enditures GENERAL FUND 9,211,814 34,161,176 33,397,322 9,975,668 SPECIAL REVENUE FUNDS Refuse Disposal Fund 1,613,066 4,033,827 3,950,243 1,696,650 Motor Fuel Tax Fund 527,132 1,639,215 2,250,835 (84,488) . Loca] Law Enf. Block Grant (737) 1,000 1,000 (737) Community Development Block Gmt 499,317 499,317 Asset Seizure Fund 53,605 1,100 1,100 53,605 DEA Shared Funds Fund 56,082 2,500 2,500 56,082 DUI Fine Fund 21,738 23,300 1,000 44,038 TOTAL 2,270,886 6,200,259 6,705,995 1,765,150 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes 34,154 1,726,105 1,450,361 309,898 G.O. Bonds - Tax Increment 521,208 1,046,250 996,675 570,783 G.O. Bonds - Home Rule Sales Tax I (346,356) ],3] 1,897 1,386,541 (421,000) , G.O. Bonds - Home Rule Sales Tax 2 6,400 6,400 Special Service Area Bonds 2,002 2,002 TOTAL 217,408 4,084,252 3,833,577 468,083 CAPITAL PROJECTS FUNDS Capital Improvement Fund 1,765,160 156,900 1,635,500 286,560 Series 200] Project Fund Series 2003 Project Fund (904,896) (904,896) Downtown Redevelop Const Fund 1,086,230 5,167,911 6,046,726 207,415 Street Improvement Const Fund 984,574 1,769,955 1,504,000 1,250,529 Flood Control Const Fund 819,283 27,250 527,538 318,995 TOTAL 3,750,351 7,122,016 9,713,764 1,158,603 ENTERPRISE FUNDS Water and Sewer Fund (a) 2,982,095 10,512,211 10,099,876 3,394,430 Village Parking System Fund (a) 115,622 102,756 143,798 74,580 Parking System Revenue Fund (a) (104,421) 109,000 131,410 (126,831) TOTAL 2,993,296 10,723,967 10,375,084 3,342,179 (a) Estimated balances reflect cash and investment balance, not fund equity. VILLAGE OF MOUNT PROSPECT 2006 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2006 Estimated 2006 2006 Estimated Balance Budget Budget Balance 12-31-05 Revenues Ex enditures 12-31-06 INTERNAL SERVICE FUNDS (b) Vehicle Maintenance Fund 410,000 1,450,058 1,450,029 410,029 Vehicle Replacement Fund 5,170,724 1,083,413 930,380 5,323,757 Computer Replacement Fund 663,028 180,020 145,800 697,248 Risk Management Fund 464,563 6,316,682 6,367,780 413,465 TOTAL 6,708,315 9,030,173 8,893,989 6,844,499 PENSION FUNDS (c) Police Pension Fund 36,324,722 3,654,043 2,375,461 Fire Pension Fund 37,757,839 3,406,377 2,520,751 TOTAL 74,082,561 7,060,420 4,896,212 Totals - Village Funds 99,234,631 78,382,263 77,815,943 Less: Pension Funds (c) (74,082,561 ) (7,060,420) (4,896,212) C~glX~;~YAn.A~t.~:1,J~~~5. 'j.VILL~9E&''''IB~t.~ " ., "l" '~.:. ,;~ .';, ':t .-,,(v,'-C.' .,. - , (b) Estimated balances for Internal Service Funds reflect umestricted net assets only. (c) Pension Funds are restricted for future pension benefits and do not constitute "Available Fund Balances." (d) Not available as of December 20, 2005. (e) Does not include Mount Prospect Library.