HomeMy WebLinkAboutOrd 5604 12/19/2006
ORDINANCE NO. 5604
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2006
AND ENDING DECEMBER 31, 2006
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 19t1\iayof December, 2006
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 20tdiay of Decembe,Y2006.
ORDINANCE NO. 5604
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 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, 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 passed
and approved Ordinance No. 5553 on March 22, 2006, amending the annual budget for the fiscal
year commencing January 1,2006 and ending December 31,2006; 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.2 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.2, 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.2
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:
r
Corcoran, Hoefert, Korn, Lohrstorfer, Skowron, Zadel
NA YES:
None
ABSENT:
None
PASSED and APPROVED this 19th day of December
,2006.
~t4; JP~
Mayor
ATTEST
~'
M. r;: a AngelIC
Village Clerk
-An c?Q
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2006 through December 31, 2006
Revenues
Original Amended
Revenue Increase Revenue
Fund/Program/Classification Account # Account Description Estimate (Decrease ) Estimate
General Fund (001)
Other Taxes 410400 Food & Beverage Tax 591,700 30,000 621,700
Other Taxes 417200 NI Gas Tax 555,000 145,000 700,000
Other Taxes 417250 Natural Gas Use Tax 141,400 (35,000) 106,400
Other Taxes 417300 Com Ed Electric Tax 1,146,500 30,000 1,176,500
Licenses, Permits & Fees 421100 Building Permits 400,000 110,000 510,000
Licenses, Permits & Fees 421300 Plumbing Permits 40,000 10,000 50,000
Licenses, Permits & Fees 421600 Reinspection Fees 13,000 30,000 43,000
Licenses, Permits & Fees 421800 Vacant Struct. Registration 0 5,000 5,000
Licenses, Permits & Fees 423000 Public Improvements Insp. 40,000 36,000 76,000
Licenses, Permits & Fees 427300 Cable TV Franchise Fees 340,000 60,000 400,000
Intergovernmental Revenues 430100 Income Tax 4,000,665 450,000 4,450,665
Intergovernmental Revenues 435900 Other Grants 2,500 28,000 30,500
Charges for Service 441200 Ambulance Billing Fees 783,000 (360,000) 423,000
Charges for Service 441300 Forest River Fire 33,000 8,000 41,000
Charges for Service 449200 Fire Training Revenue 10,000 18,000 28,000
Fines & Forfeits 435900 Code Enforcement 0 5,000 5,000
Fines & Forfeits 450800 Forfeited Escrow Funds 45,000 10,000 55,000
Investment Income 460100 Interest Income 52,700 225,000 277,700
Investment Income 460110 Interest Income - IPTIP 67,200 (67,200) 0
Investment Income 460200 Interest Income - Escrow 22,000 30,000 52,000
Investment Income 460210 IPTIP Interest - Escrow 12,800 (12,800) 0
Investment Income 460800 Bank Account 18,000 10,000 28,000
Investment Income 460810 Sweep Account 27,000 (20,000) 7,000
Investment Income 460850 LaSalle Interest 5,000 60,000 65,000
Investment Income 464001 IMET Interest 0 30,000 30,000
Reimbursements 470350 Westbrook Officer 79,315 (79,315) 0
Reimbursements 470400 Sidewalk - Shared Cost 32,400 (10,000) 22,400
Reimbursements 470500 Tree Replacement 51,674 (20,000) 31,674
Reimbursements 470800 Property Damage 20,000 15,000 35,000
Reimbursements 470900 Other Reimbursements 5,000 25,000 30,000
Other Revenue 480200 Human Services Revenue 48,925 (10,000) 38,925
Other Revenue 480900 Miscellaneous Income 65,000 (25,000) 40,000
Other Revenue 481000 IDB Revenue 0 10,000 10,000
8,648,779 740,685 9,389,464
All other General Fund accounts 25,512,397 0 25,512,397
Total General Fund 34,161,176 740,685 34,901,861
Refuse Fund (030)
Property Taxes 400200 Property Taxes - Prior 20,000 25,000 45,000
Charges for Service 445100 Multi-Family Refuse 763,880 (28,000) 735,880
Charges for Service 445150 Single Family Penalty 4,000 10,000 14,000
Charges for Service 445200 Multi-Family Penalty 15,000 20,000 35,000
Investment Income 460100 Interest Income 33,000 35,000 68,000
Investment Income 460110 Interest - IPTIP 12,000 (12,000) 0
Other Revenue 480900 Miscellaneous Income 1,000 10,000 11,000
848,880 60,000 908,880
All other Refuse Fund accounts 3,184,947 0 3,184,947
Total Refuse Fund 4,033,827 60,000 4,093,827
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2006 through December 31,2006
Revenues
Original Amended
Revenue Increase Revenue
Fund/Program/Classification Account # Account Description Estimate (Decrease) Estimate
Motor Fuel Tax Fund (050)
Investment Income 460100 Interest Income 8,000 40,000 48,000
Investment Income 460110 Interest - IPTIP 1,000 (1,000) 0
Reimbursements 472100 MFT Projects - Reimb. 2,500 4,000 6,500
11,500 43,000 54,500
All other Motor Fuel Tax Fund accounts 1,627,715 0 1,627,715
Total Motor Fuel Tax Fund 1,639,215 43,000 1,682,215
Asset Seizure Fund (080)
Fines and Forfeits 450450 Seized Assets 100 9,000 9,100
100 9,000 9,100
All other Asset Seizure Fund accounts 1,000 0 1,000
Total Asset Seizure Fund 1,100 9,000 10,100
Foreign Fire Tax Board (095)
Other Taxes 418000 Foreign Fire Insurance Tax 0 38,307 38,307
Investment Income 460100 Interest Income 0 1,000 1,000
Other Financing Sources 490550 Transfer - General Fund 0 44,202 44,202
0 83,509 83,509
All other Foreign Fire Tax Fund accounts 0 0 0
Total Foreign Fire Tax Fund 0 83,509 83,509
Series 20038&1, Village Hall (190)
Investment Income 460100 Interest Income 0 15,000 15,000
Investment Income 460110 Interest -IPTIP 4,000 (4,000) 0
4,000 11,000 15,000
All other Series 2003 B&I, Village Hall Fund accounts 912,469 0 912,469
Total Series 2003 B&I, Village Hall Fund 916,469 11,000 927,469
Series 1999 8&/, T1F (290)
Investment Income 460100 Interest Income 250 18,000 18,250
Investment Income 460110 Interest - IPTIP 13,500 (13,500) 0
13,750 4,500 18,250
All other Series 1999 B&I, TIF Fund accounts 880,000 0 880,000
Total Series 1999 B&I, TIF Fund 893,750 4,500 898,250
Capital/mprovement Fund (510)
Intergovernmental Revenue 434305 FEMA Grant 0 128,000 128,000
Investment Income 460100 Interest Income 15,000 55,000 70,000
Investment Income 460110 Interest - IPTIP 15,000 (15,000) 0
30,000 168,000 198,000
All other Capital Improvement Fund accounts 22,626 0 22,626
Total Capital Improvement Fund 52,626 168,000 220,626
2
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1,2006 through December 31,2006
Revenues
Original Amended
Revenue Increase Revenue
Fund/Program/Classification Account # Account Description Estimate (Decrease ) Estimate
Downtown Redevelopment Construction (550)
Investment Income 460100 Interest Income 0 65,000 65,000
Other Financing Sources 490850 Transfer In 0 16,513 16,513
0 81,513 81,513
All other Downtown Redevelopment Fund accounts 5,167,911 0 5,167,911
Total Downtown Redevelopment Fund 5,167,911 81 ,513 5,249,424
Street Improvement Construction Fund (560)
Investment Income 460100 Interest Income 15,450 40,000 55,450
Investment Income 460110 Interest - IPTIP 15,500 (15,500) 0
Other Financing Sources 490850 Transfer In 0 120,613 120,613
30,950 145,113 176,063
All other Street Improvement Construction Fund accounts 1,739,005 0 1,739,005
Total Street Improvement Construction Fund 1,769,955 145,113 1,915,068
Flood Control Construction Fund (590)
Investment Income 460100 Interest Income 11,000 25,000 36,000
Investment Income 460110 Interest - IPTIP 16,250 (16,250) 0
27,250 8,750 36,000
All other Flood Control Construction Fund accounts 0 0 0
Total Flood Control Construction Fund 27,250 8,750 36,000
Water & Sewer Fund (610)
Charges for Service 446100 Water Sales 6,135,000 (165,000) 5,970,000
Charges for Service 446200 Sewer Fees 1,923,471 (55,000) 1,868,471
Charges for Service 446300 Water Penalties 100,000 30,000 130,000
Investment Income 460100 Interest Income 60,000 100,000 160,000
Investment Income 460110 Interest - IPTIP 30,000 (30,000) 0
Investment Income 464001 IMET Interest 0 10,000 10,000
8,248,471 (110,000) 8,138,471
All other Water & Sewer Fund accounts 2,263,740 0 2,263,740
Total Water & Sewer Fund 10,512,211 (110,000) 10,402,211
Parking System Revenue Fund (630)
Intergovernmental Revenue 435205 LAO Grant 129,455 (129,455) 0
129,455 (129,455) 0
All other Parking System Revenue fund accounts 109,000 0 109,000
Total Parking System Revenue Fund 238,455 (129,455) 109,000
Vehicle Replacement Fund (670)
Investment Income 460100 Interest Income 82,000 115,000 197,000
Investment Income 460110 Interest - IPTIP 46,000 (46,000) 0
Investment Income 463000 Amortization of Prem/Disc 0 10,000 10,000
Other Financing Sources 494652 Gain on Sale of Assets 60,000 70,000 130,000
188,000 149,000 337,000
All other Vehicle Replacement Fund accounts 895,413 0 895,413
Total Vehicle Replacement Fund 1,083,413 149,000 1,232,413
3
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2006 through December 31,2006
Revenues
Risk Management Fund (690)
Investment Income
Investment Income
Reimbursements
Reimbursements
460100
460110
470800
475100
Original Amended
Revenue Increase Revenue
Account Description Estimate (Decrease) Estimate
Interest Income 27,000 75,000 102,000
Interest - IPTIP 5,500 (5,500) 0
Property Damage Reimb. 0 12,000 12,000
Insurance Reimbursements 50,000 40,000 90,000
82,500 121,500 204,000
6,234,182 0 6,234,182
6,316,682 121,500 6,438,182
Fund/Program/Classification
Account #
All other Risk Management Fund accounts
Total Risk Management Fund
SSA #6 George Albert 8&1 (830)
Other Taxes
Other Taxes
Investment Income
411100
411120
460100
SSA Taxes - Current 0 14,000 14,000
SSA Taxes - Prior 0 1,000 1,000
Interest Income 0 1,000 1,000
0 16,000 16,000
0 0 0
0 16,000 16,000
All other SSA #6 George/Albert Fund accounts
Total SSA #6 George/Albert Fund
Total Estimated Revenues
Funds being changed
All other Village Budget accounts
66,814,040
11,593,404
1,402,115
o
68,216,155
11,593,404
Total Estimated Revenues After Changes
78,407,444
1,402,115
79,809,559
4
Fund/Program/Classification
All other General Fund Accounts
Total General Fund
DEA Shared Funds Fund (085)
Other Equipment
All other DEA Shared Funds Fund Accounts
Total DEA Shared Funds Fund
DUI Fine Fund (086)
Other Equipment
All other DUI Fine Fund Accounts
Total DUI Fine Fund
Foreign Fire Tax Board Fund (095)
Contractual Services
Other Equipment
All other Foreign Fire Tax Board accounts
Total Foreign Fire Tax Board Fund
1998A GO Bonds B&I Fund (430)
Other Expenses
All other 1998A GO Bonds B&I accounts
Total 1998A GO Bonds 8&1 Fund
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2006 through December 31,2006
Account #
0011102-540098
0011102-540945
0018901-800230
0854102-670151
0864102-670151
0954210-540225
0954210-570080
4308105-800230
Expenditures
Account Description
Legal - Admin Adjudication
Computer Software
Ambulance Collection Fees
Bank Processing Fees
Office Equipment - Finance
Transfer Out
Other Equipment
Other Equipment
Other Services
Other Supplies
Transfer Out
5
Current Amended
Budget Increase Budget
Amount (Decrease) Amount
0 4,500 4,500
0 18,000 18,000
0 32,000 32,000
0 6,000 6,000
4,000 4,800 8,800
554 18,000 18,554
0 14,000 14,000
0 28,000 28,000
10,000 20,000 30,000
500 9,900 10,400
2,500 4,000 6,500
36,000 5,000 41,000
0 892,827 892,827
53,554 1,057,027 1,110,581
33,392,334 0 33,392,334
33,445,888 1,057,027 34,502,915
General Fund (001)
VMO - Legal
Contractual Services
Contractual Services
Finance Department - Administration
Contractual Services 0011701-540040
Contractual Services 0011701-540226
Office Equipment 0011701-650002
Community Development - Building Inspections
Contractual Services 0012105-540105 Technical Services
Human Services - Administration
Personal Services 0013101-500750 Retiree Sick Leave Incentive
Police Department - Patrol & Traffic Enforcement
Personal Services 0014102-500650 Sick Leave Incentive
Fire Department - Administration
Personal Services 0014201-500650 Sick Leave Incentive
Contractual Services 0014201-540110 Other Professional Services
Community & Civic Services - Community Groups & Miscellaneous
Contractual Services 0016102-540955 Sister Cities Commission
Contractual Services 0016102-540960 Special Events Commission
Non-Departmental
Contingencies
2,500
2,500
o
2,500
7,500
7,500
o
7,500
10,000
10,000
o
10,000
1,000
1,000
o
1,000
1,000
1,000
o
1,000
2,000
2,000
o
2,000
o
o
o
o
o
3,000
30,000
33,000
o
33,000
3,000
30,000
33,000
o
33,000
o
o
o
o
80,810
80,810
o
80,810
80,810
80,810
o
80,810
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2006 through December 31,2006
Expenditures
Fund/Program/Classification
Account # Account Description
2002B GO Bonds B&I Fund (440)
Other Expenses
4408105-800230 Transfer Out
All other 2002B GO Bonds B&I accounts
Total2002B GO Bonds B&I Fund
Downtown Redevelopment Construction Fund (550)
Interest Expense 5507703-720150 Interest Note Expense
All other Downtown Redevelopment Construction Fund Accounts
Total Downtown Redevelopment Construction Fund
Water and Sewer Fund (610)
Contractual Services
Contractual Services
6105512-540800
6105512-540810
JAWA - Water Purchase
JAWA - O&M Costs
All Other Water and Sewer Fund Accounts
Total Water and Sewer Fund
Parking System Revenue Fund (630)
Commodities & Supplies 6305111-570380 Maint & Rep Supplies - RR Stn
All other Parking System Revenue Fund Accounts
Total Parking System Revenue Fund
Risk Management Fund (690)
Insurance 6908501-560204 Workers' Compensation Claims
All other Risk Management Fund accounts
Total Risk management Fund
Police Pension Fund (710)
Pension Benefits 7108202-530700 Refund of Contributions
All other Police Pension Accounts
Total Police Pension Fund
Total Village Budget
Funds being changed
All other Village Budget Accounts
Total Village Budget after Changes
6
Current Amended
Budget Increase Budget
Amount (Decrease ) Amount
0 39,803 39,803
0 39,803 39,803
0 0 0
0 39,803 39,803
21,644
21,644
6,025,082
6,046,726
1,869,700
199,500
2,069,200
8,160,407
10,229,607
2,745
2,745
258,120
260,865
375,000
375,000
5,982,180
6,357,180
o
o
2,375,461
2,375,461
58,719,227
20,137,591
78,856,818
15,000
15,000
o
15,000
210,000
70,000
280,000
o
280,000
2,200
2,200
o
2,200
. 36,644
36,644
6,025,082
6,061,726
2,079,700
269,500
2,349,200
8,160,407
10,509,607
4,945
4,945
258,120
263,065
125,000
125,000
o
125,000
500,000
500,000
5,982,180
6,482,180
25,096
25,096
o
25,096
25,096
25,096
2,375,461
2,400,557
1,666,436 60,385,663
o 20,137,591
1,666,436 80,523,254