The URL can be used to link to this page

Home My WebLink AboutOrd 5553 03/22/2006 ORDINANCE NO. 5553 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2006 AND ENDING DECEMBER 31,2006 Passed and approved by the President and Board of Trustees the 22nd day of March, 2006 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 23rd day of March, 2006 ORDINANCE NO. 5553 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2006 AND ENDING DECEMBER 31,2006 WHEREAS, the President and Board of Trustees ofthe 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 lllinois an annual budget for the fiscal year commencing January 1, 2006 and ending December 31,2006 was adopted through the passage of Ordinance No. 5528 approved by the Corporate Authorities of the Village of Mount Prospect on December 20,2005; 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, 2006 and ending December 31, 2006; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2006 through December 31, 2006 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 ACTING IN THE EXERCISE OF THEIR HOME RULE POWERS: SECTION ONE: That the fiscal year budget for January 1,2006 through December 31, 2006 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: Cocorcan, Hoefert, Kom, Skowron NAYES: None ABSENT: Lohrstorfer, Zadel PASSED and APPROVED this 22"" day of March , 2006. Z ~, · ttI~ Mayor ATTEST /j~~ ~~~-, ~ M. Lisa Angell Village Clerk H:\CLKO\files\WIN\ORDINANC\Budget Amendment #1 Ordinance - March 2006.doc VILLAGE OF MOUNT PROSPECT BUdget Amendment No.1 Fiscal Year January 1, 2006 through December 31,2006 Revenues ",.-~....,...ry""'''''-''''i'"'>O~''-'-'-.---~-''-''"''~''''='-'~'.'F'''-';;..",-~-7''':''''''='=''''''''''''''''-~ VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1,2006 through December 31,2006 Expenditures Current Amended Budget Increase Budget Fund/Program/Classification Account # Account Description Amount (Decrease) Amount General Fund Cable TV Operations Other Equipment 0011202-670001 Cable TV Equipment - New 4000 4800 8.800 Clerk's Office Contractual Services 0011402-540030 Codification 15000 11000 26,000 Community Development - Economic Development Contractual Services 0012103-540247 Economic Development Program 20,000 19,000 39,000 Community Development - Housing Inspection Employee Benefits 0012106-510600 Medical Insurance 31,840 11,578 43,418 Human Services - Administration Commodities & Supplies 0013101-570065 Other Equipment 500 688 1,188 Human Services - Social Services Commodities & Supplies 0013102-570085 Program Supplies 1,000 1,500 2,500 72,340 48,566 120,906 All other General Fund Accounts 33,324,982 0 33,324.982 Total General Fund 33,397,322 48,566 33.445,888 Refuse Disposal Fund Refuse Disposal Program Contractual Services 0305601-540225 Other Services 1,270 10,000 11,270 1,270 10,000 11 ,270 All other Refuse Disposal Fund Accounts 3,948,973 0 3,948,973 Total Refuse Disposal Fund 3,950.243 10,000 3,960,243 Motor Fuel Tax Fund Traffic Control and Street Lighting Contractual Services 0505405-540660 Traffic Light Maintenance 81,885 30,000 111,885 Infrastructure 0505405-690058 Traffic Signal Replacement 50,000 169,610 219,610 Street Improvement Projects Infrastructure 0507706-690005 Street Light Improvements 0 88,272 88,272 131,885 287,882 419,767 All other Motor Fuel Tax Fund Accounts 2,118,950 0 2,118,950 Total Motor Fuel Tax Fund 2,250,835 287,882 2,538,717 Community Development Block Grant Fund CDBG - Administration Personal Services 0702304-500000 Full-Time Earnings 52,671 (10,316) 42,355 Personal Services 0702304-500600 Longevity Pay 25 (25) 0 Employee Benefits 0702304-510000 FICA Costs - Social Security 3,589 (643) 2,946 Employee Benefits 0702304-510100 FICA Costs - Medicare 840 (150) 690 Employee Benefits 0702304-510200 IMRF Pension Expense 5,286 (183) 5,103 CDBG - Community Programs Contractual Services 0702305-XXXXXX Search Development Center (new) 0 20,500 20,500 Contractual Services 0702305-540219 Journey from PADS to HOPE 3,000 700 3,700 CDBG-Accessibility & Neighborhood Improvements Infrastructure 0702306-690032 Ashley Cove Infrastructure 50,000 (50,000) 0 Infrastructure 0702306-690030 Wall Street Water Mains 10,000 (10,000) 0 Infrastructure 0702306-69XXXX South Side Utilities 0 225,000 225,000 CDBG - Residential Rehab Other Expenditures 0702307-590200 Single Family Rehab 210,000 (20,000) 190,000 Other Expenditures 0702307-590250 Smoke Detector Assistance 0 37,000 37,000 335.411 191,883 527,294 All other CDBG Accounts 163.906 0 163,906 Total CDBG Fund 499.317 191,883 691,200 2 "--~'~-"-"'-~---'-"'~''''-~''''''-'''~'V'''''''l''':'':'''7r=-,~.-.,,,,,,...,..,,,,,,,,.""''''''''''''''''~~---~--''~'~'''''''''''''-''~''~''_'''=',''''m=,'''""",,,,,,,,,,,,,,"~~",,,,~~~.____,._._~ VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1, 2006 through December 31, 2006 Expenditures Current Amended Budget Increase Budget Fund/Program/Classification Account # Account Description Amount (Decrease) Amount Capital Improvement Fund Community Improvement Projects Land Improvements 5107702-620008 Corridor Improvements 50,000 4,360 54,360 Infrastructure 5107702-690005 Residential Street Lights 10,000 19,041 29,041 60,000 23,401 83.401 All other Capital Improve. Fund. Accounts 1,575,500 0 1.575,500 Total Capital Improvement Fund 1,635,500 23,401 1,658,901 Street Improvement Construction Fund Street Improvement Projects Infrastructure 5607706-690084 Resurfacing - St Imp Const Fund 1,450,000 93,657 1,543,657 1,450,000 93,657 1,543,657 All other Street Improvement Fund Accounts 54,000 0 54,000 Total Street Improvement Fund 1,504,000 93,657 1,597,657 Water and Sewer Fund Administration Contractual Services 6105501-540940 Computer Lease Payment 15,296 (7,359) 7,937 Water Distribution Maintenance & Repair Contractual Services 6105505-540750 Backflow Prevention Program 65,000 40,000 105,000 Water Distribution Maintenance & Repair Other Equipment 6105509-540755 Flow Monitoring Analysis 110,000 16,367 126,367 Water & Sewer System Improvements Distribution Systems 6105510-680010 Combined Sewer Improvements 1,000,000 80,723 1,080,723 1,190,296 129,731 1,320,027 All Other Water and Sewer Fund Accounts 8,909,580 0 8,909,580 Total Water and Sewer Fund 10,099,876 129,731 10,229,607 Village Parking System Fund Village Improvements & Equipment Infrastructure 6205110-690103 Parking Lot Improvements 0 9,000 9,000 0 9,000 9,000 All other Village Parking System Fund Accounts 143,798 0 143,798 Total Village Parking System Fund 143,798 9,000 152,798 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 131,410 0 131.410 Total Parking System Revenue Fund 136,614 129.455 260,865 Vehicle Replacement Fund Motor Equipment Replacement Mobile Equipment 6707709-660115 PW Department Vehicles 498,840 100,300 599,140 498,840 100,300 599,140 All other Vehicle Replacement Fund Accounts 431,540 0 431,540 Total Vehicle Replacement Fund 930,380 100,300 1,030,680 3 ~'--'-"-----'---'~"~><'-'~:I"".","=r>:,=;:~p'..",.",.~~,7'P,,",~~-""""""~~,_~=,_"..'~,=".',",....,...""",~..~""...,_,~_ VILLAGE OF MOUNT PROSPECT Budget Amendment No.1 Fiscal Year January 1,2006 through December 31, 2006 Expenditures Current Amended Budget Increase Budget Fund/Program/Classification Account # Account Description Amount (Decrease) Amount Computer Replacement Fund Computer Replacement Office Equipment 6807710-650822 Computer Equipment - IT 145,800 17,000 162,800 145,800 17,000 162,800 All other ComputeT Replacement Fund Accounts 0 0 0 Total Computer Replacement Fund 145,800 17,000 162,800 Total Village Budget Funds being changed 54,693,685 1,040,875 55,729,356 All other Village Budget Accounts 23,122.258 0 23,122.258 Total Village Budget after Changes 77.815,943 1,040,875 78.851,614 4 "~~'--~'="':"'~'.:<'"f~..=7'=;::!:.C'~='\"F::l;;"~<=""''''''''',"';''''"".=~~~""....,..,.~_~~"",=,>=,~___~~__._~