HomeMy WebLinkAboutOrd 4716 04/05/1995 ORDINANCE NO. 4716
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET
ADOPTED FOR THE FISCAL YEAR COMMENCING MAY 1, 1994
TO APRIL 30, 1995
Passed and approved by
the President and Board of Trustees
the 5th day of April , 1995
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
5th day of April , 1995.
ORDINANCE NO. 4716
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO
THE ANNUAL BUDGET ADOPTED FOR THE FISCAL
YEAR COMMENCING MAY 1, 1994 TO APRIL 30, 1995
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 May 1, 1994 to April 30, 1995 was adopted through the
passage of Ordinance No. 4536 approved by the corporate authorities of the Village of Mount
Prospect on April 19, 1994; and
WHEREAS, the Presidem and Board of Trustees of the Village of Mount Prospect have reviewed
certain additions and changes to the aforesaid budget for fiscal 1994/95; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the
changes, as specified on the at!,ached 1994/95 budget amendment pages, 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 fiseai year 1994/95 budget for the Village of Mount Prospect is hereby
amended, as detailed on 1994/95 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, Hoefert, Skowron, Wilks
NAYS: Hendricks
ABSENT: Skowron
PASSED and APPROVED this 5th day of April ,1995.
/Gerald L.~Farley
Village President J
ATTEST:
Carol A FlUids
Village Clerk
VILLAGE OF MOUNT PROSPECT
1994/95 Budget Amendment No. 1
March 1995
Expenditures
Original Amended
Budget Increase Budget
Am01mt (Decreas0) Amount
Motor Fuel Tax Fund
12-071-14-6235 Traffic Light Malntenanc, $ 50,000 $ 13,000 $ 63,000
12-077-71-8505 Resurfacing - MFT 1.000.000 60.000 1.060.000
Total MFT Fund Changes $1,050,000 $ 73,000 $1,123,000
All Other MFT Fund 156.500 156.500
Amended MFT Fund ~ $73.000 ~
Community Development Block Grant
13-023-06-8018 Street Lighting Imprv $ 58,700 $ 20,000 $ 78,700
13-023-07-8951 Single Family Rehab 150.000 80.000 230.000
Total CDBG Fund Changes $ 208,700 $100,000 $ 308,700
All Other CDBG Fund 154.905 154.905
Amended CDBG Fund $ 363.605 $100~000 $ 463.605
Refundin~ 87B & 9lA B & I - 1993B
27-091-02-9561 Fiscal Fees $ 500 $ 500 $ 1,000
27-091-02-9565 Fiscal Fees 500 500 1.000
Total 1993B B & I Changes $ 1,000 $ 1,000 $ 2,000
All Other 1993B Fund 236,775 236,775
Amended 1993 B B & I Fund $236.775 $ 1.000 $ 238,775
VILLAGE OF MOUNT PROSPECT
1994/95 Budget Amendment No. 1
March 1995
Original Amended
Budget Increase Budget
Amount (Decrease~ Amotlnt
Downtown Redevelooment Construction
55-077-62-8106 Repl Wille Water Main $ 70,000 $ { 70,000) $
55-077-62-8107 Repl Wille Sewer 52,000 { 52,000)
55-077-62-8108 Wille Street Imprv 120,000 (120,000)
55-077-62-8109 Repl Pine Water Main 68,000 ( 68,000}
55-077-62-8110 Repl Pine Sewer 49,000 (49,000)
55-077-62-8111 Pine Street Imprv 60,000 (60,000)
55-077-62-8112 Pine Street Lights 20,000 (20,000)
55-077-62-8117 Pine/Wille Improvements 639.000 639.000
Total D/T Redevelp Const Changes $ 439,000 $ 200,000 $ 639,000
All Other D/T Redevelp Const 494.300 494.300
Amended D/T Redevelp Const $ 933.300 $ 200.000 ~
Street Imorovement Const Fund
56-77-71-8530 Street Reconstruction $1,500,000 $ (575,000) $ 925,000
All Other Street Improvemem Fund 1.705.000 1.705.000
Amended Street Improvement Fund $ 3.205.000 $ (575.000) $ 2.630.000
Benefit Trust No, 2
77-092-07-9920 Pension Benefits $ 26.000 $ 1.000 $ 27.000
Amended Benefit Trust No. 2 $26.000 $ 1.000 $27.000
VILLAGE OF MOUNT PROSPECT
1994195 Budget Amendment No. 1
March 1995
Expenditures
Original Amended
Budget Increase Budget
Amount {Decrease} Amount
Police Pension Fund
71-092-08-9929 Refund of Contributions $ 7,500 $ 25,000 $ 32,500
71-092-08-9930 Pension Benefits 645,000 25,000 32,500
71-092-08-9938 Investment Advisor 26.000 50.000 76,000
Police Pension Fund Changes $ 678,500 $ 100,000 $ 778,500
All Other Police Pension Amounts 2.550 - 2.550
Amended Police Pension Fund $ 681.0~0 $ 100.000 $781.050
Fire Pension Fund
72-092-09-9932 Pension Benefits $ 660,000 $ 25,000 $ 685,000
72-092-09-9938 Investment Advisor 7,500 75.000 82,500
Fire Pension Fund Changes $ 667,500 $ 100,000 $ 767,500
All Other Fire Pension Amounts 10,050 10.050
Amended Fire Pension Fund $677.550 $ 100,009 $777.550
VILLAGE OF MOUNT PROSPECT
1994/95 Budget Amendment No. 1
Mnrch 1995
Expenditures
Summary of Expenditure Changes
Original Amended
Budget Increase Budget
Amount (Decrease~ Amount
Motor Fuel Tax Fund $1,050,000 $ 73,000 $1,123,000
Community Development Block Grant Fund 208,700 100,000 308,700
Refunding 87B & 9lA B & I - 1993B 1,000 1,000 2,000
Downtown Redevelopment Const Fund 439,000 200,000 639,000
Street Improvement Const Fund 1,500,000 {575,000) 925,000
Benefit Trust No. 2 Fund 26,000 1,000 27,000
Police Pension Fund 678,500 100,000 778,500
Fire Pension Fund 667.500 100.000 767.500
Total Expenditure Changes $ 4,570,700 $ $ 4,570,700
All Other Budget Expenditures 45.386.185 45.386,185
Amended Budget Expenditures $49.956.885 ~ ~
VILLAGE OF MOUNT PROSPECT
1994/95 Budget Amendment No. 1
March 1995
Revenues
Original Amended
Budget Increase Budget
Amount (Decrease) Amount
Debt Service Funds
28-000-00-4034 Property Tax Increment $ 80,000 $ (15,000) $ 65,000
31-000-00-4034 Property Tax Increment 70,000 (70,000)
32-000'00-4034 Property Tax Increment 20,000 (20,000)
33-000-00-4034 Property Tax Increment 50,000 { 30,000) 20,000
34-000-00-4034 Property Tax Increment 200,000 { 75,000) 125,000
35-000-004034 Property Tax Increment 100.000 (40.000) 60,000
Total Debt Service Changes $ 520,000 ${250,000) $ 270,000
All Other Debt Service Funds 2.485.145 2.485.145
Amended Debt Service Funds ~ $(250.000} $ 2.755.1
Caoital Proiects Funds
55-000-00-4034 Property Tax Increment $ $ 250,000 $ 250,000
All Other Capital Projects Funds 1.907.215 1.907.215
Total Capital Projects Funds ~ $250.000 $ 2.157.21:5
Summary of Revenue Changes
Original Amended
Budget Increase Budget
Amount (DoCr,as,) Amount
Debt Service Funds $ 3,005,145 ${250,000) $ 2,755,145
Capital Projects Funds 1.907.215 250,000 2,157,215
Total Revenue Changes $ 4,912,360 $ $ 4,912,360
All Other Budget Revenues 38.725.00:5 38.725.005
Amended Budget Revenues ~ $ $43.637.36~5