HomeMy WebLinkAboutOrd 5621 04/18/2007
ORDINANCE NO. 5621
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 18thdayof Apri 1 ,2007
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 19taay of Apri 1,2007.
ORDINANCE NO. 5621
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 passed
and approved Ordinance No. 5604 on December 19, 2006, further 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 I, 2006 through December 31, 2006 Budget
Amendment No.3 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.3, 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.3
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: Hoefert, Korn, Lohrstorfer, Skowron, Zade 1
NA YES: None
ABSENT: Corcoran
PASSED and APPROVED this 18th day of Apri 1
,2007.
~~~~
ffYana K. Wilks '
Mayor
ATTEST
.~ . t -"lQ
"d'---7;a~-"\t?:<1 '}~ (/ J
, M. tiSa ngell' )
Village Clerk .
Fund/Program/Classification
General Fund (001)
Property Taxes
Property Taxes
All other General Fund accounts
Total General Fund
Total Estimated Revenues
Funds being changed
All other Village Budget accounts
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.3
Fiscal Year January 1, 2006 through December 31,2006
Revenues
Account #
Original Amended
Revenue Increase Revenue
Estimate (Decrease) Estimate
0 1,246,455 1,246,455
0 1,159,017 1,159,017
0 2,405,472 2,405,472
34,901,861 0 34,901,861
34,901,861 2,405,472 37,307,333
Account Description
400371
400372
Police Pension
Fire Pension
34,901,861
44,907,698
2,405,472
o
37,307,333
44,907,698
Total Estimated Revenues After Changes
79,809,559
2,405,472
82,215,031
Fund/Program/Classification
General Fund (001)
Police
Employee Benefits
Fire
Employee Benefits
All other General Fund Accounts
Total General Fund
Total Village Budget
Funds being changed
All other Village Budget Accounts
Total Village Budget after Changes
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.3
Fiscal Year January 1, 2006 through December 31,2006
Expenditures
Account #
Account Description
Current
Budget
Amount
Increase
(Decrease)
Amended
Budget
Amount
0014101-510300 Police Pension Expense 0 1,246,455 1,246,455
0014201-510400 Fire Pension Expense 0 1,159,017 1,159,017
0 2,405,472 2,405,472
34,502,915 0 34,502,915
34,502,915 2,405,472 36,908,387
2
34,502,915
46,020,339
80,523,254
2,405,472 36,908,387
o 46,020,339
2,405,472 82,928,726