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Home My WebLink AboutOrd 5622 04/18/2007 ORDINANCE NO. 5622 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2007 AND ENDING DECEMBER 31,2007 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES thelillb. day of Apri 1 ,2007 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the19trdayof Apri 1 ,2007. ORDINANCE NO. ~fi?? AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2007 AND ENDING DECEMBER 31, 2007 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, 2007 and ending December 31, 2007 was adopted through the passage of Ordinance No. 5599 approved by the Corporate Authorities of the Village of Mount Prospect on December 19, 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 1,2007 and ending December 31,2007; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1,2007 through December 31, 2007 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: SECTION ONE: That the fiscal year budget for January 1,2007 through December 31,2007 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: Hoefert, Korn, Lohrstorfer, Skowron, Zadel NA YES: None ABSENT: Corcoran PASSED and APPROVED this 18th day of Apri 1 ,2007. -~/I/~ Irvana K. Wilks Mayor ATTEST /, l.~ J) 7t . Z j r1- € ,.' "",' (~,1(', ( ,/17"), <' . / { 1\1. isa Angell J'., 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.1 Fiscal Year January 1,2007 through December 31, 2007 Revenues Account # Original Amended Revenue Increase Revenue Estimate (Decrease ) Estimate 0 1,332,750 1,332,750 0 1,301,490 1,301,490 0 2,634,240 2,634,240 35,785,983 0 35,785,983 35,785,983 2,634,240 38,420,223 Account Description 400371 400372 Police Pension Fire Pension 35,785,983 42,543,712 2,634,240 o 38,420,223 42,543,712 Total Estimated Revenues After Changes 78,329,695 2,634,240 80,963,935 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2007 through December 31, 2007 Expenditures Current Amended Budget Increase Budget Fund/Program/Classification Account # Account Description Amount (Decrease ) Amount General Fund Information Technology Contractual Services 0011104-540938 Copier Lease Payment 0 2,200 2,200 Clerk's Office Contractual Services 0011402-540030 Codification 14,400 5,000 19,400 Police-Administration Employee Benefits 0014101-510300 Police Pension Expense 0 1,332,750 1,332,750 Fire-Administration Employee Benefits 0014201-510400 Fire Pension Expense 0 1,301,490 1,301,490 Other Employee Costs 0014201-520600 Uniform Expense 39,625 4,700 44,325 Contractual Services 0014201-540170 Employment Testing 7,500 5,800 13,300 Fire-Fire Training Academy Commodities & Supplies 0014203-570135 Training & Supplies 4,500 8,100 12,600 Fire-Fire Prevention Commodities & Supplies 0014204-570065 Other Equipment 1,500 1,000 2,500 Fire-Emergency Preparedness Program Commodities & Supplies 0014207-570120 Radio Equipment 2,280 2,170 4,450 PW-Streets Contractual Services 0015102-540480 Reseal Walls 20,000 20,000 40,000 Infrastructure 0015104-690004 Sidewalk Cost Share Program 105,000 10,000 115,000 PW-Forestry Contractual Services 0015202-540685 Grounds Maintenance 68,840 9,430 78,270 Contractual Services 0015202-540691 Streetscape Corridor Maintenance 60,500 5,420 65,920 Other Equipment 0015202-670026 Expand Sprinkler Systems 13,000 11,000 24,000 Contractual Services 0015203-540225 Other Services 5,075 3,760 8,835 Contractual Services 0015203-540726 Stump Removal 37,300 31,210 68,510 Contractual Services 0015203-540730 Tree Trimming 120,000 66,388 186,388 Contractual Services 0015203-540945 Computer software 1,560 1,515 3,075 501,080 2,821,933 3,323,013 All other General Fund Accounts 34,869,971 0 34,869,971 Total General Fund 35,371,051 2,821,933 38,192,984 Foreign Fire Insurance Foreign Fire Insurance Contractual Services 0954210-530903 Insurance Expense 0 473 473 0 473 473 All other Foreign Fire Insurance Fund Accounts 10,000 0 10,000 Total Foreign Fire Insurance Fund 10,000 473 10,473 Motor Fuel Tax Fund Street Improvement Projects Infrastructure 0507706-690005 Street Light Improvements 0 34,691 34,691 0 34,691 34,691 All other Motor Fuel Tax Fund Accounts 1,729,610 0 1,729,610 Total Motor Fuel Tax Fund 1,729,610 34,691 1,764,301 Community Development Block Grant Fund CDBG-Accessibility & Neighborhood Improvements Infrastructure 0702306-69XXXX Linneman Road Improvements 0 225,000 225,000 0 225,000 225,000 All other CDBG Accounts 527,309 0 527,309 Total CDBG Fund 527,309 225,000 752,309 2 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1,2007 through December 31, 2007 Expenditures Current Amended Budget Increase Budget Fund/Program/Classification Account # Account Description Amount (Decrease) Amount Capital Improvement Fund Village Improvements and Equipment Contractual Services 5107701-540115 Traffic Study/Improvements 0 17,000 17,000 Building Improvements 5107701-640001 Other Public Buildings 85,000 62,855 147,855 Office Equipment 5107701-650025 P&F UPS Batteries 0 20,000 20,000 Mobile Equipment 5107701-660125 Prisoner Transport Vehicle 0 56,000 56,000 Other Equipment 5107701-670057 Chair Replacement 0 4,225 4,225 Other Equipment 5107701-670067 Telephone Systems 0 35,000 35,000 Other Equipment 5107701-670220 Livescan Terminals 0 43,913 43,913 Community Improvement Projects Land Improvements 5107702-620008 Corridor Improvements 0 50,000 50,000 85,000 288,993 373,993 All other Capital Improvement Fund Accounts 653,000 0 653,000 Total Capital Improvement Fund 738,000 288,993 1,026,993 Downtown Redevelopment Construction Street Improvement Projects Infrastructure 5507703-690059 D/T Streetscape Program 0 573,987 573,987 0 573,987 573,987 All other Downtown Redevelopment Fund Accounts 1,881,200 0 1,881,200 Total Downtown Redevelopment Fund 1,881,200 573,987 2,455,187 Street Improvement Construction Fund Street Improvement Projects Infrastructure 5607706-690084 Resurfacing - St Imp Const Fund 1,680,000 187,907 1,867,907 1,680,000 187,907 1,867,907 All other Street Improvement Fund Accounts 391,000 0 391,000 Total Street Improvement Fund 2,071,000 187,907 2,258,907 HfawrandSewerFund Water Supply Maintenance and Repair Contractual Services 6105504-540790 DB/P2 Compliance 79,000 48,667 127,667 Distribution Systems 6105504-680001 Tank Repair/Renovation 200,000 15,986 215,986 Water Distribution Maintenance & Repair Contractual Services 6105505-540750 Sackflow Prevention Program 66,950 52,920 119,870 Water Distribution Maintenance & Repair Other Equipment 6105509-540755 Flow Monitoring Analysis 125,000 33,367 158,367 Water & Sewer System Improvements Distribution Systems 6105510-680003 Water Main Replacement 500,000 349,910 849,910 Distribution Systems 6105510-680010 Combined Sewer Improvements 1,000,000 43,438 1,043,438 1,970,950 544,288 2,515,238 All Other Water and Sewer Fund Accounts 9,160,681 0 9,160,681 Total Water and Sewer Fund 11,131,631 544,288 11,675,919 Vehicle Maintenance Fund Vehicle Maintenance Program Other Equipment 6605702-670064 Fuel Tank Storage Update 0 5,000 5,000 0 5,000 5,000 All other Vehicle Maintenance Fund Accounts 1,573,353 0 1,573,353 Total Vehicle Maintenance Fund 1,573,353 5,000 1,578,353 3 Fund/Program/Classification Vehicle Replacement Fund Motor Equipment Replacement Mobile Equipment Mobile Equipment VILLAGE OF MOUNT PROSPECT Budget Amendment No. 1 Fiscal Year January 1, 2007 through December 31,2007 Account # 6707709-660115 6707709-660124 All other Vehicle Replacement Fund Accounts Total Vehicle Replacement Fund Risk Management Fund Medical Insurance Insurance Forestry Program Contractual Services All other Risk Management Fund Accounts Total Risk Management Fund Total Village Budget Funds being changed All other Village Budget Accounts Total Village Budget after Changes Expenditures Account Description PW Vehicles Village Pool Vehicles 6908502-560211 Refund of Medical Premium 6905203-540740 Tree Hazard Study 4 Current Budget Amount 650,370 o 650,370 311,100 961,470 Increase (Decrease) 410,000 35,340 445,340 o 445,340 Amended Budget Amount 1,060,370 35,340 1,095,710 311,100 1,406,810 0 68,674 68,674 10,919 2,344 13,263 10,919 71,018 81,937 6,503,277 0 6,503,277 6,514,196 71,018 6,585,214 62,508,820 14,063,278 76,572,098 5,198,630 o 5,198,630 67,707,450 14,063,278 81,770,728