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Home My WebLink AboutOrd 6612 03/01/2022 Making certain amendments to the annual budget adopted for the fiscal year commencing January 01, 2022 and ending December 31, 2022ORDINANCE NO. 6612 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2022 AND ENDING DECEMBER 31, 2022 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 1 st day of March 2022 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 1 st day of March, 2022. ORDINANCE NO. 6612 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2022 AND ENDING DECEMBER 31, 2022 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, 2022 and ending December 31, 2022 was adopted through the passage of Ordinance No. 6588 approved by the Corporate Authorities of the Village of Mount Prospect on November 16, 2021; 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, 2022 and ending December 31, 2022; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2022 through December 31, 2022 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 Number One, 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, 2022 through December 31, 2022 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: Filippone, Gens, Matuszak, Pissarreck, Rogers, Saccotelli NAYES: None ABSENT: None PASSED and APPROVED this l st day of March 2021 —Paul Wm. ... Mayor ATTEST ..�... ` ... . . Karen A prat , s Village Clerk Village of Mount Prospect Budget Amendment No. 1 Fiscal Year January 1, 2022 to December 31, 2022 Expenditures Current Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget Amended Funds 001 General Fund Amendments 001.50.01.00.0.000.530.006 - Professional Services Other Prof. Serv. 6,120 1,500 7,620 001.60.01.00.0.000.655.004 - Computer Equipment Computer Eqpt - Depts 20,000 8,000 28,000 001.60.01.00.0.252.532.002 - Equipment Maintenance & Repair Equipment Maint. 35,000 17,000 52,000 001.60.61.65.0.000.621.005 - Police Commodities Ammunition & Targets 40,000 27,000 67,000 001.70.71.00.0.000.665.017 - Other Equipment Fire Hose & Appliances 12,900 1,640 14,540 001.70.71.00.0.000.665.018 - Other Equipment Firefighting Equipment 8,200 1,440 9,640 001.70.71.00.0.000.665.045 - Other Equipment Turn Out Clothing 53,997 2,290 56,287 001.70.71.00.0.300.668.001 - Radio Equipment Radio Equip -Fire 13,500 3,350 16,850 001.70.71. 2.665.045 - Other Equipment Turn Out Clothing ..... ....._...................�.... 3,600 .........._...._...._2...,599 2,599 N 6,199 Amendments Total ....... 193,317 64,819 258,136 Other Budgeted Accounts for the FundM ww.w ...... µN 69,018,522 1,862,959 .69,018,522 001 General Fund Total 69,211,839 .µ.µ.µ.µ64,819 69,276 658 020 Capital Improvement Fund Amendments 020.70.90.00.1.709.665.048 - Other Equipment Village Warning Sirens 138,000 138,000 020.80.90.00.0.706.645.020 - Village Hall Facility Improvements 340,000 93,000 433,000 020.80.90.00.1.704.636.033 - Other Expenditures Central Road Ped Crossing 510,000 235,000 745,000 020.80.90.00.1.704.678.022 - Streets Train Station Platform Extension 900,000 900,000 020.80.90.00.1.705.676.008 - Streetlights & Traffic Signals Res Streetlight Improv 225,000 91,701 316,701 020.80.90.00.1.705.679.002 - Other Infrastructure Ped Bridge - Melas/Mead 37,977 37,977 020.80.90.00.1.706.649.020 - Public Works Facility Facility Imp 5,250,000 221,253 5,471,253 020.80.90.00.1.706.651.010 - Other Public Facilities Repl HVAC -Pub Bldgs 1,650,000 25,000 1,675,000 020.70.90.00.1.706.646.001 - Fire Station #12 Fire Station Imp 71,028 71,028 020.80.9000.0.706.646.020 - Fire Station #12 Facility Improvements 100,000MµMµMµMµMµMµMµ 50,000„µµ .. 150,000 Amendments Total m 8,075 000 1,862,959 9,937,959 Other Budgeted Accounts for the Fund 1,138,560 1,138,560 020 Capital Improvement Fund Total .. _ ....... ^ ^^^ ...._ 9,213 560 1,862,959N µ11,O76,519 023 Street Improvement Construc Fund Amendments 023.80.90.00.0 710.636.031 - Other Expenditures Bike Route Sign Project 47,073 47,073 Amendments Total ..... __._.._.._._....,,,,,,a...............o..................... 47,073...........47,073 ........ .. Other Budgeted Accounts for the Fund ... .,.www �._ .,.......8,826,000 ........ 8,826,000 023 Street Improvement Construc Fund Total. M ..wwwwwwwwwww ..nµ µµM8,826,000 47,073 8,873,073 Village of Mount Prospect Budget Amendment No. 1 Fiscal Year January 1, 2022 to December 31, 2022 Expenditures 041 Motor Fuel Tax Fund Amendments 041.80.90.00.0.70_5.678.002 - Streets Resurfacing - MFT Fund 2,990,000 318,227 3,308,227 Amendments Total................�......_.�._.__._....�... ��.�......,_.,_.,_.......��_�,�_�,w..,.�.........�..._.�._..2,990,000 318,227 .......3,308,227 Other Budgeted Accounts for the Fund....................._.ww......,....._ _.. .......�...... �aa....._..,.,._.....1,066, 22 .......„.........�..... ............. _... �...........�, g ....unts...� ..u_..............-............66,3... _ .... 066,322 041 Motor Fuel Tax Fund Total 4,056,322 318,227 4,374,549 045 DUI Fine Fund Amendments 045.60.90.00.0.708.660.003 - Motor Equipment Police Vehicles 45,000 45,000 .......... Amendments Total... ........w .. ��....�. ..w .._._.� .45,000 45,000 Other Budgeted Accounts for the Fund _ �V02,00 0 2,000 - 045 DUI Fine Fund Total 046 Foreign Fire Tax Board Fund Amendments 2,000 45,000 47,000 �046.70.7._1..00...0., ;�30,.,..1....6.....6...�5.02.1...�-,._O..t.her Equipment Funiture & Equipment 28,712 28,712 ...................2. 8,71.2 ........... _ ,,,,,,,, .,w . Amendments Total 28,712 28,712 ----------- .............. ....... __........... ......... .... ... ........... .................... o..�.__...__.. � . Other Budgeted Accounts for the Fund._...........�....................... _...._ �........_.....................................,..,,,,,�..__..........._._.63�.3.00....................._ _....�..: _... .. 63,300 046 Foreign Fire Tax Board Fund Total 63,300 28,712 92,012 050 Water and Sewer Fund Amendments 050.80.90.00.1.700.651.012 - Other Public Facilities Pump Station Facility Improv 050.80.90.00.1.700.671.003 - Water Distribution Water Main Repl 050.80.90.00.1.700.671.005 -Water Distribution Deep Well Rehab 050.80.90.00.1.701.672.002 - Sewer System Lift Station Rehab 5,500,000 Current 5,649,221 3,300,000 1,270,173 Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget 024 Flood Control Construction Fund Amendments 024.80.90.00.1.702.666.003 - Emergency Generators Emergency Generator Levee 3i 244,590 244,590 024.80.90.00.1.7_02.677.003 - Flood Control Levee 37 ................ a....__.www_....._.........._.........................................„..„...........�........ 35,976 ..... _o_...__.___280..5.._�..._ 35,976 AmendmentsTotal �._... w ._. ..... ..............._..........._......,., . ,._..... .._......................__..................._..............._�_ �....................... ;._. 280.,566 .0�...._ .................r....66 Other Budgeted Accounts for the Fund 1,758,691 �� 1,758,691 024 Flood Control Construction Fund Total ...�....w.ww.._........_._............��,�„�,._....._._......_........�...�....,,�m�w�,�,......_...�._._._._._...�... 1,758,691 �......... 280,5... 66 __....�............... 2,039,257 .. ._......_.... .�_ 041 Motor Fuel Tax Fund Amendments 041.80.90.00.0.70_5.678.002 - Streets Resurfacing - MFT Fund 2,990,000 318,227 3,308,227 Amendments Total................�......_.�._.__._....�... ��.�......,_.,_.,_.......��_�,�_�,w..,.�.........�..._.�._..2,990,000 318,227 .......3,308,227 Other Budgeted Accounts for the Fund....................._.ww......,....._ _.. .......�...... �aa....._..,.,._.....1,066, 22 .......„.........�..... ............. _... �...........�, g ....unts...� ..u_..............-............66,3... _ .... 066,322 041 Motor Fuel Tax Fund Total 4,056,322 318,227 4,374,549 045 DUI Fine Fund Amendments 045.60.90.00.0.708.660.003 - Motor Equipment Police Vehicles 45,000 45,000 .......... Amendments Total... ........w .. ��....�. ..w .._._.� .45,000 45,000 Other Budgeted Accounts for the Fund _ �V02,00 0 2,000 - 045 DUI Fine Fund Total 046 Foreign Fire Tax Board Fund Amendments 2,000 45,000 47,000 �046.70.7._1..00...0., ;�30,.,..1....6.....6...�5.02.1...�-,._O..t.her Equipment Funiture & Equipment 28,712 28,712 ...................2. 8,71.2 ........... _ ,,,,,,,, .,w . Amendments Total 28,712 28,712 ----------- .............. ....... __........... ......... .... ... ........... .................... o..�.__...__.. � . Other Budgeted Accounts for the Fund._...........�....................... _...._ �........_.....................................,..,,,,,�..__..........._._.63�.3.00....................._ _....�..: _... .. 63,300 046 Foreign Fire Tax Board Fund Total 63,300 28,712 92,012 050 Water and Sewer Fund Amendments 050.80.90.00.1.700.651.012 - Other Public Facilities Pump Station Facility Improv 050.80.90.00.1.700.671.003 - Water Distribution Water Main Repl 050.80.90.00.1.700.671.005 -Water Distribution Deep Well Rehab 050.80.90.00.1.701.672.002 - Sewer System Lift Station Rehab 5,500,000 149,221 5,649,221 3,300,000 1,270,173 4,570,173 1,070,000 169,266 1,239, 266 620,000 398,951 1,018,951 050.80.90.00.1.700.671.008 - Water Distribution Elevated Tank 2,500,000 289,200 2,789,200 Amendments Tota............ _ ...12,990,000 2,276,811 .. ..,266,811 _ .,.�...................� ................_� ........� _ 15.266,811_ Other Budgeted Accounts for the Fund..............._..__ ........ ... ...._,...�._........._...m w. ._µ._._ 1_8,073,252 -............., 18,073,252 050 Water and Sewer Fund Total ”" ____................„,_,...... ............. 2,276,811 33,340,063µ Village of Mount Prospect Budget Amendment No. 1 Fiscal Year January 1, 2022 to December 31, 2022 Expenditures Current Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget 061 Vehicle Replacement Fund Amendments 061.60.90.00.1.708.660.003 - Motor Equipment Police Vehicles 061.70.90.00.1.708.660.005 - Motor Equipment Fire Vehicles 399,000 115,222 514,222 1,036,000 21,244 1,057,244 ........a.......,�...�.,�,..�.._w.��...w.�........................ _. 6 -Motor Equipment PW Ve...icles....._�_......�...�.._.._....._�..,..._��...�,......�......�....�,.... 1,788,000 235 00 0 .......o....ww..wwwwaa...............___��. 2,023,000 Amendments Ta Total �.�M....„................��m................ ...... ._ ..o._, 3,----- 0 371,466 3,5 94,466 061 �p Vehicle Replacement Fund Total....__._. _._ __ ..,----.�......��„. 3,223,000 ............._.�.....M,.................. 371,466 .. ,,....... ...._ 3,594,466 �....................._...... Amended Funds Totalm _..................._.......................__....._......w_.__W._W.....127,417,964 5,295,633 132,713,597 Total All Funds 155,196,933 5,295,633 160,492,566