HomeMy WebLinkAboutOrd 5662 11/20/2007
ORDINANCE NO. 5662
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
the 2otHayof November, 2007
Published in pamphlet form by
authority of the corporate authorities
of th.e. Village of Mount Prospect, Illinois
the ~ l1ay of Novemb~2007.
5662
ORDINANCE NO. -
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 passed
and approved Ordinance No. 5622 on April 18,2007, amending the annual budget for the fiscal
year commencing January 1,2007 and ending December 31,2007; 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 I, 2007 through December 31, 2007 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, 2007 through December 31, 2007 for
the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No.2
attached hereto.
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2007 through December 31, 2007
Revenues
Original Amended
Revenue Increase Revenue
Fund/Program/Classification Account # Account Description Estimate (Decrease) Estimate
General Fund (001)
Other Taxes 410150 Home Rule Sales Tax 1,360,000 (60,000) 1,300,000
Other Taxes 414000 Real Estate Transfer Tax 1,331,000 (531,000) 800,000
Other Taxes 417100 Telecommunications Tax 2,800,000 (300,000) 2,500,000
Licenses, Permits & Fees 420100 Vehicle Licenses 1,385,000 20,000 1,405,000
Licenses, Permits & Fees 421100 Building Permits 400,000 20,000 420,000
Licenses, Permits & Fees 421600 Reinspection Fees 25,000 25,000 50,000
Licenses, Permits & Fees 421900 Stormwater Detention Fee 0 80,000 80,000
Licenses, Permits & Fees 422500 Nuisance Abatement Fee 0 36,000 36,000
Licenses, Permits & Fees 423000 Public Improvements Insp. 40,000 50,000 90,000
Licenses, Permits & Fees 423000 Landlord/Tenant Fees 170,000 60,000 230,000
Licenses, Permits & Fees 427300 Cable TV Franchise Fees 375,000 92,500 467,500
Intergovernmental Revenues 430000 State Sales Tax 8,511,000 339,000 8,850,000
Intergovernmental Revenues 430100 Income Tax 4,524,000 376,000 4,900,000
Intergovernmental Revenues 430400 State Use Tax 710,000 40,500 750,500
Intergovernmental Revenues 435900 IL Housing Authority Grant 0 10,500 10,500
Intergovernmental Revenues 435900 SHAP Grant 0 19,000 19,000
Intergovernmental Revenues 435900 Other Grants 2,500 43,500 46,000
Charges for Service 441200 Ambulance Billing Fees 783,000 117,000 900,000
Fines & Forfeits 450100 Parking Fines 260,000 70,000 330,000
Fines & Forfeits 450220 Code Enforcement 2,000 18,000 20,000
Fines & Forfeits 450800 Forfeited Escrow Funds 50,000 75,000 125,000
Investment Income 460100 Interest Income 230,000 120,000 350,000
Investment Income 460200 Interest Income - Escrow 52,000 28,000 80,000
Investment Income 460850 LaSalle Interest 70,000 (55,000) 15,000
Investment Income 464001 IMET Interest 12,000 30,000 42,000
Reimbursements 470400 Sidewalk - Shared Cost 20,000 15,000 35,000
Reimbursements 470500 Tree Replacement 40,000 (25,000) 15,000
Reimbursements 470800 Property Damage 25,000 20,000 45,000
23,177,500 734,000 23,911,500
All other General Fund Accounts 15,242,723 0 15,242,723
Total General Fund 38,420,223 734,000 39,154,223
Motor Fuel Tax Fund (050)
Intergovernmental Revenue 432000 State MFT 1,587,500 76,500 1,664,000
Investment Income 460100 Interest Income 34,500 25,500 60,000
1,622,000 102,000 1,724,000
All other Motor Fuel Tax Fund accounts 6,750 0 6,750
Total Motor Fuel Tax Fund 1,628,750 102,000 1,730,750
Community Development Block Grant Fund (070)
Intergovernmental Revenue 433000 CDBG 489,809 (389,809) 100,000
Other Revenue 483000 Program Income 60,000 60,000 120,000
549,809 (329,809) 220,000
All other Foreign Fire Tax Fund accounts 0 0 0
Total Foreign Fire Tax Fund 549,809 (329,809) 220,000
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2007 through December 31,2007
Revenues
Original Amended
Revenue Increase Revenue
F u nd/Prog ram/Classification Account # Account Description Estimate (Decrease) Estimate
Asset Seizure Fund (080)
Fines and Forfeits 450450 Seized Assets 1,000 14,000 15,000
1,000 14,000 15,000
All other Asset Seizure Fund accounts 1,600 0 1,600
Total Asset Seizure Fund 2,600 14,000 16,600
Capital Improvement Fund (510)
Intergovernmental Revenue 434305 FEMA Grant 164,800 0 164,800
Investment Income 460100 Interest Income 8,500 31,500 40,000
173,300 31,500 204,800
All other Capital Improvement Fund accounts 89,500 0 89,500
Total Capital Improvement Fund 262,800 31,500 294,300
Downtown Redevelopment Construction (550)
Investment Income 460100 Interest Income 52,500 35,000 87,500
52,500 35,000 87,500
All other Downtown Redevelopment Fund accounts 1,167,552 0 1,167,552
Total Downtown Redevelopment Fund 1,220,052 35,000 1,255,052
Street Improvement Construction Fund (560)
Investment Income 460100 Interest Income 22,400 58,000 80,400
22,400 58,000 80,400
All other Street Improvement Construction Fund accounts 1,688,700 0 1,688,700
Total Street Improvement Construction Fund 1,711,100 58,000 1,769,100
Water & Sewer Fund (610)
Investment Income 460100 Interest Income 145,000 45,000 190,000
Other Revenue 480900 Misc. Income 15,000 15,000 30,000
160,000 60,000 220,000
All other Water & Sewer Fund accounts 10,989,100 0 10,989,100
Total Water & Sewer Fund 11 ,149,1 00 60,000 11,209,100
Vehicle Replacement Fund (670)
Investment Income 460100 Interest Income 184,000 146,000 330,000
Other Financing Sources 494652 Gain on Sale of Assets 60,000 13,000 73,000
244,000 159,000 403,000
All other Vehicle Replacement Fund accounts 849,626 0 849,626
Total Vehicle Replacement Fund 1,093,626 159,000 1,252,626
2
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2007 through December 31, 2007
Revenues
Original Amended
Revenue Increase Revenue
Fund/Program/Classification Account # Account Description Estimate (Decrease) Estimate
Risk Management Fund (690)
Investment Income 460100 Interest Income 92,000 25,000 117,000
Reimbursements 475100 Insurance Reimbursements 75,000 (40,000) 35,000
Other Revenue 487400 Retiree Contributions 535,162 64,838 600,000
702,162 49,838 752,000
All other Risk Management Fund accounts 5,771,777 0 5,771,777
Total Risk Management Fund 6,473,939 49,838 6,523,777
Police Pension (710)
Investment Income 411100 Market Gain on Equities 748,000 1,400,000 2,148,000
748,000 1,400,000 2,148,000
All other Police Pension Fund accounts 3,377,500 0 3,377,500
Total Police Pension Fund 4,125,500 1,400,000 5,525,500
Fire Pension (720)
Investment Income 411100 Market Gain on Equities 644,000 1,700,000 2,344,000
644,000 1,700,000 2,344,000
All other Fire Pension Fund Accounts 3,449,290 0 3,449,290
Total Fire Pension Fund 4,093,290 1,700,000 5,793,290
Total Estimated Revenues
Funds being changed 70,730,789 4,013,529 74,744,318
All other Village Budget accounts 10,233,146 0 10,233,146
Total Estimated Revenues After Changes 80,963,935 4,013,529 84,977,464
3
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2007 through December 31, 2007
Expenditures
Current Amended
Budget Increase Budget
F und/Program/Classification Account # Account Description Amount (Decrease) Amount
General Fund (001)
VMO - Administration
Personal Services 0011101-500200 Seasonal Eearnings 13,832 5,168 19,000
Personal Services 0011101-500750 Retiree Sick Incentive 15,000 2,000 17,000
VMO - Personnel Services
Employee Benefits 0011103-510350 Other Retirement Benefits 0 15,000 15,000
Contractual Services 0011103-540180 Personnel Recruitment 22,000 2,500 24,500
VMO - Information Technology
Personal Services 0011104-500700 Vacation/Personallncentive 1,000 3,310 4,310
VMO - Public Information
Contractual Services 0011105-540110 Other Professional Services 4,000 20,000 24,000
Commodities & Supplies 0011105-570090 Paper & Supplies 1,000 500 1,500
TV Services - Cable TV
Utilities 0011202-550300 Telephone Service 1,600 900 2,500
Village Clerk's Office
Personal Services 0011402-500700 Vacation/Persona/lncentive 1,000 4,050 5,050
Finance Department - Administration
Contractual Services 0011701-540040 Ambulance Collection Fees 55,000 5,000 60,000
Contractual Services 0011701-540110 Other Professional Services 1,500 6,000 7,500
Contractual Services 0011701-540615 Equipment Maintenance 2,600 4,000 6,600
Utilities 0011701-550300 Telephone Service 5,150 600 5,750
Utilities 0011701-550400 Cellular Phone Service 0 750 750
Community Development - Administration
Personal Services 0012101-500650 Sick Leave Incentive 2,000 500 2,500
Community Development - Planning & Zoning
Contractual Services 0012102-540282 First Time Homeowners 0 20,000 20,000
Community Development - Building Inspections
Personal Services 0012105-500300 Overtime 2,727 8,773 11,500
Utilities 0012105-550400 Cellular Phone Service 3,682 3,318 7,000
Human Services - Administration
Personal Services 0013101-500650 Sick Leave Incentive 0 3,775 3,775
Personal Services 0013101-500700 Vacation/Personallncentive 1,000 3,800 4,800
Commodities & Supplies 0013101-570080 Other Supplies 1,500 2,500 4,000
Office Equipment 0013101-650000 Office Equipment 1,000 4,000 5,000
Office Equipment 0013101-650003 Computer Equipment - New 2,500 6,500 9,000
Human Services - Nursing/Health
Contractual Services 0013103-540335 Home Delivered Meals 24,200 20,000 44,200
Commodities & Supplies 0013103-570080 Other Supplies 850 740 1,590
Police Department - Administration
Personal Services 0014101-500700 Vacation/Personallncentive 70,000 19,000 89,000
Fire Department - Administration
Contractual Services 0014201-540170 Employement Testing 13,300 4,200 17,500
Fire Department - Communications
Utilities 0014205-550400 Cellular Phone Service 7,200 6,800 14,000
Fire Department - Emergency Preparedness
Radio Equipment 0014207-570120 Radio Equipment 4,450 2,200 6,650
Public Works - Administration
Personal Services 0015001-500650 Sick Leave Incentive 2,500 1,000 3,500
Personal Services 0015001-500700 Vacation/Personallncentive 8,000 2,000 10,000
Public Works - Flood Control
Personal Services 0015112-500300 Overtime 0 35,000 35,000
Employee Benefits 0015112-510000 Social Security 0 2,100 2,100
Emp/oyee Benefits 0015112-510100 Medicare 0 500 500
Employee Benefits 0015112-510200 IMRF 0 3,100 3,100
Contractual Services 0015112-540225 Other Services 0 82,000 82,000
Commodities & Supplies 0015112-570080 Other Supplies 0 1,800 1,800
4
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2007 through December 31, 2007
Expenditures
Current Amended
Budget Increase Budget
Fund/Program/Classification Account # Account Description Amount (Decrease) Amount
Public Works - Storm Event
Personal Services 0015113-500100 Part-Time Earnings 0 600 600
Personal Services 0015113-500200 Seasonal Earnings 0 400 400
Personal Services 0015113-500300 Overtime 0 200,000 200,000
Employee Benefits 0015113-510000 Social Security 0 12,000 12,000
Employee Benefits 0015113-510100 Medicare 0 4,000 4,000
Employee Benefits 0015113-510200 IMRF 0 16,000 16,000
Contractual Services 0015113-540225 Other Services 0 500,000 500,000
Commodities & Supplies 0015113-570065 Other Equipment 0 4,000 4,000
Commodities & Supplies 0015113-570080 Other Supplies 0 10,000 10,000
Commodities & Supplies 0015113-570310 Emergency Equipment 0 2,000 2,000
Public Works - Forestry
Contractual Services 0015203-540725 Tree Removal 90,000 85,000 175,000
Contractual Services 0015203-570725 Stump Removal 68,510 100,000 168,510
Public Works - Engineering
Personal Services 0015401-500650 Sick Leave Incentive 3,000 4,200 7,200
Personal Services 0015401-500700 Vacation/Personal Incentive 2,500 6,000 8,500
Contractual Services 0015405-540652 Street Light Maintenance 11,635 10,000 21,635
Commodities & Supplies 0015405-570575 Street Light Supplies 20,000 20,000 40,000
464,236 1,277,584 1,741,820
All other General Fund Accounts 37,728,748 0 37,728,748
Total General Fund 38,192,984 1,277,584 39,470,568
OEA Shared Funds Fund (085)
Other Equipment 0854102-670151 Other Equipment 1,000 9,000 10,000
1,000 9,000 10,000
All other DEA Shared Funds Fund Accounts 0 0 0
Total DEA Shared Funds Fund 1,000 9,000 10,000
oUt Fine Fund (086)
Other Equipment 0864102-670151 Other Equipment 1,000 19,000 20,000
1,000 19,000 20,000
All other DUI Fine Fund Accounts 0 0 0
Total DUI Fine Fund 1,000 19,000 20,000
Foreign Fire Tax Board Fund (095)
Pension Benefits 00954210-540225 Other Services 0 2,500 2,500
0 2,500 2,500
All other Foreign Fire Tax Board accounts 10,473 0 10,473
Total Foreign Fire Tax Board Fund 10,473 2,500 12,973
Capita/Improvement Fund (510)
Village Improvements & Equipment
Contractual Services 5107701-540112 Space Needs Study 0 45,000 45,000
Contractual Services 5107701-540115 Traffic Study/Improvements 17,000 38,000 55,000
Office Equipment 5107701-650025 P&F UPS Batteries 20,000 25,000 45,000
37,000 108,000 145,000
All other Capital Improvement Fund Accounts 989,993 0 989,993
Total Capital Improvement Fund 1,026,993 108,000 1,134.993
5
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2007 through December 31, 2007
Expenditures
Current Amended
Budget Increase Budget
Fund/Program/Classification Account # Account Description Amount (Decrease) Amount
Oowntown Redevelopment Construction Fund (550)
Other Professional Services 5507703-540110 Other Professional Services 30,000 10,000 40,000
Bond Prinicpal 5507703-710150 Installment Note Principal 0 350,000 350,000
Interest Expense 5507703-720150 Installment Note Interest 42,300 1,750 44,050
72,300 361,750 434,050
All other Downtown Redevelopment Construction Fund Accounts 2,382,887 0 2,382,887
Total Downtown Redevelopment Construction Fund 2,455,187 361,750 2,816,937
Water and Sewer Fund (610)
Commodities & Supplies 6105505-570470 Restoration Materials 19,000 16,000 35,000
19,000 16,000 35,000
All Other Water and Sewer Fund Accounts 11,656,919 0 11,656,919
Total Water and Sewer Fund 11,675,919 16,000 11,691,919
Risk Management Fund (690)
Insurance 6908501-560001 Claims Administration 38,100 9,900 48,000
Insurance 6908501-560104 Workers' Compensation Insurance 41,710 1,025 42,735
Insurance 6908501-560204 Workers' Compensation Claims 500,000 350,000 850,000
579,810 360,925 940,735
All other Risk Management Fund Accounts 6,005,404 0 6,005,404
Total Risk Management Fund 6,585,214 360,925 6,946,139
Police Pension Fund (710)
Pension Benefits 7108202-530902 Medical Expense 5,000 10,000 15,000
5,000 10,000 15,000
All other Police Pension Accounts 2,460,133 0 2,460,133
Total Police Pension Fund 2,465,133 10,000 2,475,133
Fire Pensions (720)
Pension Benefits 7108202-530700 Refund of Contributions 0 10,000 10,000
0 10,000 10,000
All other Police Pension Accounts 2,627,958 0 2,627,958
Total Police Pension Fund 2,627,958 10,000 2,637,958
Total Village Budget
Funds being changed 65,041,861 2,174,759 67,216,620
All other Village Budget Accounts 16,728,867 0 16,728,867
Total Village Budget after Changes 81,770,728 2,174,759 83,945,487
6
SECTION TWO: That this ordinance shall be in full force and effect from and after its passage,
approval and publication in pamphlet fonn as provided by law.
AYES:
Corcoran, Hoefert, Juracek, Korn, Lohrstorfer, Zadel
NA YES:
None
ABSENT: Wi 1 ks
PASSED and APPROVED this 20th day of November
,2007.
A TIEST
7'?w.-!~~x: Q(J
M. Ll Angell \.
Village Clerk