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HomeMy WebLinkAboutOrd 4844 02/04/1997 ORDINANCE NO. 4844 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 1997 AND ENDING DECEMBER 31, 1997 Passed and approved by the President and Board of Trustees the 4th day of February ,1997 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 4th dayof February ,1997. ORDINANCE NO. 4844 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 1997 AND ENDING DECEMBER 31, 1997 WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 2342 which sets the finances of the Village under the "Budget Officer System" and WHEREAS, pursuant to the aforesaid Ordinance and the Statutes of the State of Illinois an annual budget for the fiscal year commencing January 1, 1997 and ending December 31, 1997 was adopted through the passage of Ordinance No. 4834 approved by the corporate authorities of the Village of Mount Prospect on December 17, 1996; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have reviewed certain additions and changes to the aforesaid budget for fiscal year commencing Januatay 1, 1997 and ending December 31, 1997; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 1997 through December 31, 1997 Budget Amendment No. 1, to be in the best interest of the Village of Mount Prospect. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the fiscal year budget for January 1, 1997 through December 31, 1997 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: Clowes, Corcoran, Hoefert, Juracek, Wilks NAYS: Hendricks ABSENT: None PASSED and APPROVED this 4th day of February, 1997. ~r~ L. Farley, Villagg/President ATI'EST: / Carol A. Fields, Village Clerk VILLAGE OF MOUNT PROSPECT Amendment No. 1 to the Budget for the Fiscal Year from January 1 through December 31, 1997 Original Ava~nd~d Item ~ Account Budget Increase/ Budget No. Prosram/Classi~ N~ ~ ~ ~) ~ ~ ~1~ Bilk ~ (CD~) F~: 1. ~o~ ~ ~33~ CD~ 355.855 150~ 505,855 CDBG F~ C~es 355,855 150,~ 505,855 ~1 ~ CD~ F~ 45t~ 0 45,~ CD~ F~ ~ C~ ~.855 150,~ 550,855 1994A 8tro~t Implovem~lt B&I Fund: 2. Othes Taxes 410000.410200 Homo Rule Sales Tax - 2nd 700,000 100~000 800,000 1994A Strut Improvement B&I Fund ChanSes 760,000 100,000 800,000 All Other lf~4A Street Improvem~ B&I Fund Changes 20~000 0 20~000 1994A Street Improvement B&I Fund Afar Changes 720.000 100,000 820.000 1997 Stre~ Improv~ra,mt B&I Fund: 3. Other Taxes 43(g~0-4 10200 Home Rul© Sales Tax - 2nd 100,060 (100,000) 0 4. Inx'~rmlent Inoome 430000-460100 Interest Income 3,000 O,000) 0 5. ~ Transfers 430000-490101 Trans - 1974 Corporato Purpo~ 825 (825) 0 6. Inteffund Tnmsf~rs 430000-490120 Tmas - 1997 81reot Gonst 100~000 (100,000) 0 1997 Strut/mprovemeat B&I Fund Changes 203,825 (203,825) 0 AIl Other 1997 Street Impmv~mcat B&I Fund 0 0 0 1997 Strut Improvement B&I Fund ~ Changes 203.825 (203,825) 0 Item ~ Account Budget Incr~e/ Budget 'No. Program/C~fion Number Description Amount (De~rease) Amount Capital Imrprovement Fund: 7. lnvestmeat Income 510000460100 Inter~ Income 95,000 (40,000) 55,000 Capital Improv~nvat Fund Chang~ 95,000 (4O,000) 55,0OO Fund 165,000 0 165,000 Capital lmprowm~t Fund After Changes 260.000 (40,000') 220.000 Street Improwm~nt Comtmotioa Fund: 8. ~ ~ 5~601~ ~ ~me ~,~ (47,5~) 12,500 9. ~ F~e~ ~s 5~1~ ~ ~ 2,5~,~ (2,5~,~) 0 8~t ~v~t F~ C~es 2,5~,~0 (2,~7,5~) 12,5~ ~ ~ 0 0 0 ~ ~r Ch~ 2.~,~ (2.~7.~ 123~ Vill~e Budget: Changes to Village Budget 3,914,680 (2,541,325) 1373,355 All Othcr Village Budget 49,586,995 0 49~586~995 Vill~e Budget Af~ Changes 53,501,675 (2.541.325) 50,960,350 Expevd!O;res Item Ac. count Account Budget Increase/ Budset No. Pro~am/Classificatlon Number Description Amount (Decrease) Ameunt General Fund: 10. lnfrastmoturo 017706-69004g Resurf~ing- Gem~ral Fund 300,000 395,000 695,000 11. lnfrastmolur~ 017706690094 Stroet Rsgmostmctioa 0 300~000 300~000 Gga~al Fund ChaaS~ 300,000 695,000 995,000 All O~h~r CnalemlFund 22~740~057 0 22~740~057 C~moml Af~ Changes 23,040,057 695,000 23.735.057 Community Devdopmeat Block Gnmt (CDBG) Fund: 12. lnfrastmCmr~ 077706-690095 Strut Resurfa~ 0 150,000 150~0~0 CDBG Fund Changes 0 150,000 150,000 All Other CDBG Fund 400,855 0 400,855 CDBG Fund Af~ Changes 400.855 150~000 550,855 1974 Corporate Purposes B&I Fund: 13. Intorfand Tramfers 138102~00043 Traas - 1997 Strut Cont 825 (825) 0 1974 Corporate Purposes B&I Fuad Chaage$ 825 (825) 0 All Other 1974 Coqx~rat~ Pmpose~B&I Fund Chan~ 0 0 0 1974 Corpom~ ~ Fund ~ Changes 825 (825) 0 1997 Slroot Improvement B&I Fund: 14. Intere~ Exl~ 438105-720510 1997 O.O. Bomts Interest 162,500 (162,500) 0 15. Bank and Fiscal F~s 438105-730510 1997 O.O. Bonds Bank Fe~ 500 (500) 0 1997 Street Improvement B&I Fund Chang~ 163,0~0 (163,000) 0 All Other 1997 Strut Improwmeat B&I Fund 0 0 0 1997 Strict Improwm~t B&I Fund After Changos 163,000 (163,000). 0 3 Item Account Account Budgzt Increase/ Budget No. Pmp, ram/Classificafio~ Number Desc,Apfio~ Ame~mt ~xeas~) Amount Capital Imh~vovement Fund: 16. Infrastructure 517706-690094 Sm~et Rec, onstm~on 0 1,000,000 L000~000 Capital Improvement Fund Changes 0 1,000,000 1,000~000 All Olh~r Capilal Improvement Fund 942,985 0 942,985 Capital Improvcm~t Fund ~ Changes 942.985 1.000.000 1.942.985 Street Improvement Cons~u¢fion Fund: 17. Contractual Services 567706-540025 Bond FJna~ing Cos~ 30,000 00,000) 0 18. Infrastmotu~ 567706-690084 Resurfacing - Street lmp. Fund 2,400,000 (2,400,000) 0 19. Infrastructure 567706490095 Stre=t Resuffaclng 0 55,000 55,000 20. ~ Transfers 567706-800044 1997 G.O. Bonds - Sl~eets 100~000 (100~000) 0 Strut Improvement Cons~ucfion Fund Changes 2,530,000 (2,475,000) 55,000 All Other Street lmprowme~t Constn~fio~ Fund 324~000 0 324,000 Stm~t Improv~meat Cam~metion Fund ~ Cha~ges 2,854,000 (2.475.000) 379~000 V'fllage Budget: Changes to Village Budgot 2,993,825 (793,825) 2,.200,0~0 All Other Village Budgot 50~260,856 0 50~60~856 Village Budget ARer Changes 53,254,681 (793,825) 52,460,856