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Home My WebLink About6.10 Motion to waive the rule requiring two readings of an ordinance and adopt AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2021 AND ENDING DECEMBER 31, 2021Mr�GauC �'d'+rt;�iect Subject Motion to waive the rule requiring two readings of an ordinance and adopt AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET • ' FOR . YEAR COMMENCING JANUARY 1, 2021 AND ENDING DECEMBER 31, 2021 Meeting March 15, 2022A' MEETING OF • PROSPECT : • Fiscal Impact Dollar Amount Budget Source Category CONSENT AGENDA Type Consent The Village Board recently approved a budget amendment for the year 2021, whereby $5.3 million was carried over from the fiscal year 2021 to 2022, mainly for the unfinished capital projects. Now, staff is proposing the final budget amendment for the year 2021 and it includes items identified below: There are several line items under the General Fund that outperformed and they are discussed below: - Income Tax - $1,900,000 - The Village's annual budget for the income tax revenue was $5.2 million. The 2021 income tax revenue budget was kept flat due to anticipated COVID-19 financial impact, but the Income Tax collection at the State level has outperformed and the revenue numbers have beaten the forecast 1 provided by the Illinois Municipal League. The Village collected $7,175,489 in income tax payments. Income Tax revenue is distributed by the State as a per capita item and newly added population counts in the recent census are helping the Village in collecting the higher amounts in income tax payments. The amendment presented herewith reconciles the budget amount with the actual collection. - Sales Tax - $5,500,000 - The Village's sales tax collection was adversely impacted due to COVID-19 and the Village underperformed by $1.2 million in 2020. The 2021 sales tax revenue budget was restored close to the 2019 level but a particular segment in the Village has performed beyond expectation. The Village's total Sales Tax collection for the year 2021 is around $28.4 million, while the budget was $22.5 million. - Use Tax - $380,000 - Due to the ongoing pandemic, online sales have shown a tremendous growth. An out of state vendor selling items in Illinois pays Use Tax and it is distributed by the State as a per capita item. The use tax collection for the Village outperformed by $380,000 and the amendment recognizes the same herewith. - Ambulance Billing Fees - $800,000 - The Village is receiving additional GEMT (Ground Emergency Medical Transport) amounts from the Federal Government for each Medicare and Medicaid eligible transport. Medicare normally does not pay the full billing amount but the GEMT funding captures some of the gap between a regular medical transport bill and Medicare paid amount. The Village received a total of $779,450 in GEMT funding, half of which the Village has to give back to the State of Illinois per the rules. - FEMA Grant - $125,000 - FEMA has approved our application for COVID-19 response expenditures and has reimbursed $124,625 to the Village. The Grant was originally expected in 2020, but it was not received in time. - American Rescue Plan - $3,513,935 - The Village received American Rescue Plan totaling $3.5 million. The budget amendment recognizes the restricted grant received for the year. 2 Overall, the above amendments will increase the General Fund Revenue budget by $12,218,935. - Fire Department Overtime - $226,000 - The Fire Department experienced higher than normal call volume last year. The overall fire department budget for the operational overtime was $560,012, while the actual overtime expenses are $786,012. The actual amount also includes year end accrual adjustment totaling $38,000. The amendment covers the additional overtime expenditures for the Fire Department. - Inter -fund Transfers - $1,000,000 - The Aspen Trails Flood Control Project was expected to get a DCEO State Grant. The grant has not been awarded, but the Village was able to secure a Metropolitan Water Reclamation District (MWRD) grant totaling $2,850,000. The project was executed under budget and MWRD grant was contributed significantly, but the project still needed an additional $1.0 million in funding, and this was funded from the General Fund. With an added $1.0 million, the total transfer out from the General Fund for the project will be $3.2 million instead of $2.2 million. - Fire Turnout Clothing - $2,168 - The amount represent miscellaneous Fire Turnout Clothing expenditure budget adjustment. - Water/Sewer Utility - $15,000 - The amount represent Illinois American Water Utility usage for Burning Bush Park irrigation. - Fire GEMT Revenue Share - $318,000 - As mentioned in the revenue section above, the Village received certain amounts as medical billing from the Federal Government as Ground Emergency Medical Transport and the Village has to share 50% of the amount received with the State of Illinois. The Village paid $318,000 in GEMT revenue Share in 2021. 3 Overall, the above amendments will increase the General Fund Expenditure Budget by $1,561,168. -. - - •- - III -qp,, ll_. The original 2021 budget included $600,000 in transfers from the Police and Fire Building Fund, the amount was transferred as a yearend adjustment during the 2020 audit and there was no action item left in 2021. Hence, the transfer in revenue budget in 2021 is eliminated herewith. Capital Improvement Fund — Revenues $(300,000) — Expenditures - The original 2021 budget included a placeholder for the State DCEO grant totaling $300,000 for miscellaneous Public Works projects. The grant amount was not awarded in 2021. Hence, the line item is eliminated from the Budget. The Fire Department Warning Siren project was budgeted for $240,000. Of this amount, $120,000 was budgeted in 2021. But the actual project cost is now $138,000 and the amount is transferred during the budget carryover amendment from 2021 to 2022. An additional $18,000 will restore the 2021 budget for the project to $138,000. There is also an additional cost of $16,774 needed for the Police Mobile Video Recording System to integrate with the newly purchased body cam system. The original 2021 budget included $737,000 in CMAQ grant for Rand/Central/Mount Prospect Intersection Improvement. The Illinois Department of Transportation is going to lead the project and the Village will not be the direct recipient of the grant. Hence, the grant revenue budget is eliminated herewith. 4 The amendments include elimination of $5,000,000 in State DCEO grant, as the Village has not received any funding from the State for the project. However, the amendment also includes recognition of the Metropolitan Water Reclamation District grant of $2,850,000 and an additional $1,000,000 transfer in from the General Fund. The net impact of all the amendments will reduce the budget by $1,150,000. O •• cll 111 • The amendment recognizes the additional revenue received from the Village's Refuse Disposal Program for the year totaling $73,000. There is also a corresponding expenditure increase totaling $25,000. The personnel expenditure reallocation as well as retiree sick leave expenditure totaling $23,652 also requires an amendment to the budget. The total expenditure budget is increased by $48,652. Community- - • . -Block Expenditures An additional allocation was received from the Community Development Block grant and the same is allocated for various CDBG programs, mainly to the Center of Concern totaling $231,000. • c 1 1 1 1 1 1 The original budget included $10,000,000 in water/sewer bonds. The bonds were not issued in 2021 and postponed until 2022. The bonds were issued in January 2022. The budget amendment eliminates $10,000,000 in bond proceeds from the year 2021. 5 The actual expenditure for the Village's employee insurance program is higher by $104,000. The medical insurance premium for the public works union is also higher by $26,000 compared to the budgeted amount. In addition, the Village started a new vision insurance program in 2021, which is 100% funded by employee contributions. The vision insurance premium for the year is $17,650 and it is reflected on the expenditure side with a corresponding revenue item for the same amount. The vehicles replacement budget is short by $15,000 compared to the actual expenditure of buying and upfitting vehicles. The budget amendment will increase the Vehicle Replacement Fund budget to cover the shortfalls. The budget amendment is requesting a total of $12,000 for electricity expenditures for the newly constructed parking garage facility. The Foreign Fire Tax Board ordered a few furniture item in 2021 and it was not received in time. The budget amount for the furniture items is transferred from the year 2021 to 2022 but the original budget amount in 2021 is short by $18,712. The other amendment includes $12,921 for the Asset Seizure fund and $2,096 for the DUI Fund for miscellaneous Police Equipment upgrade and training items. 11 The overall 2021 budget performance and draft financials will be discussed in details at the First Quarter Financial Review in April 2022. Alternatives 1. Adopt the proposed amendment number 3 for the 2021 Annual Budget as attached. 2. Action at the discretion of the Village Board Staff Recommendation Adopt the proposed amendment number 3 for the 2021 Annual Budget as attached. ATTACHMENTS: 2021 Budget Amendment 3.pdf 7 ORDINANCE NO. AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2021 AND ENDING DECEMBER 31, 2021 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the day of , 2022 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the day of , 2022. E-3 ORDINANCE NO. AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2021 AND ENDING DECEMBER 31, 2021 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, 2021 and ending December 31, 2021 was adopted through the passage of Ordinance No. 6544 approved by the Corporate Authorities of the Village of Mount Prospect on November 17, 2020; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 6558 on March 3, 2021 and Ordinance No. 6611 on March 1, 2022, amending the annual budget for the fiscal year commencing January 1, 2021 and ending December 31, 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, 2021 and ending December 31, 2021; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2021 through December 31, 2021 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 Number three, 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, 2021 through December 31, 2021 for the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No. 3 attached hereto. 0 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: NAPES: ABSENT: PASSED and APPROVED this day of , 2022. Paul Wm. Hoefert Mayor ATTEST Karen Agoranos Village Clerk 10 Village of Mount Prospect Budget Amendment No. 3 Fiscal Year January 1, 2021 to December 31, 2021 Expenditures 11 Current Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget A n'minded IFunds 001. General Fund Amendments 001.70.71.00.0.000.503.001 - Overtime Earnings Overtime 560,012 226,000 786,012 001.70.71.00.0.000.665.045 - Other Equipment Turn Out Clothing 33,228 2,168 35,396 001.80.81.82.0.000.591.001 - Water & Sewer Water & Sewer 7,500 15,000 22,500 001.00.00.00.0.000.697.001 - Transfers Transfer Out 3,000,000 1,000,000 4,000,000 001.70.01.00.0.000.567.016 - Fire Contractual Services GEMT State Share ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. - 318,000 318,000 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 3,600,740 1,561,168 5,161,908 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 58,099,136 - 58,099,136 001. General Fund Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 61,6998876 1,.5631.,168 63,261,044 020 CalpRal Improvement Fund Amendments 020.70.90.00.1.709.665.048 - Other Equipment Village Warning Sirens (18,000) 18,000 - 020.60.90.00.1.707.665.056 - Other Equipment Mobile Video Rec Sys ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 10,000 16,774 26,774 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. (8,000) 34,774 26,774 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 2,443,466 - 2,443,466 020 Calputall IImprovement Fund'Totall ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 2,435,466 34,774 2,470,241. 040 Refuse IOlslposall (Fund Amendments 040.80.85.00.0.365.513.003 - Other Employee Benefits Retiree Sick Incentive - 23,652 23,652 040.80.85.00.0.000.568.002 - Refuse Contractual Services M/F Refuse Collection ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 660,416 25,000 685,416 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 660,416 48,652 709,068 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 4,129,932 - 4,129,932 040 Refuse Dlslposall (Fund'Totall ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 4,790,348 48,652 4,839,000 042 CDBG Amendments 042.40.41.00.0.152.572.002 - CDBG Programs Pads to Hope, Inc. 10,000 14,826 24,826 042.40.41.00.0.152.572.053 - CDBG Programs Center of Concern ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. - 231,000 231,000 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 10,000 245,826 255,826 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 458,500 458,500 042 CDBG Total! ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 468,500 245,826 714,326 043 Asset Seizure Fund Amendments 043.60.61.66.0.000.665.031 - Other Equipment Other Equipment ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 3,000 12,921 15,921 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 3,000 12,921 15,921 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 4,000 4,000 043 Asset Seizure Fund Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 7,000 .1.2,921. 19,921. 11 Village of Mount Prospect Budget Amendment No. 3 Fiscal Year January 1, 2021 to December 31, 2021 Expenditures 12 Current Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget 045 1DUI Flne Fund Amendments 045.60.61.65.0.000.525.004 - Training Training 1,000 2,043 3,043 045.60.61.65.0.000.665.031 - Other Equipment Other Equipment ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 1,000 53 1,053 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 2,000 2,096 4,096 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 1,000 1,000 045 DUI Hne IFund'Totall ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 3,000 2,096 5,096 046 Foreign Fire Tax Board (Fund Amendments 046.70.71.00.0.301.665.021 - Other Equipment Furniture & Equipment ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. (18,712) 18,712 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. (18,712) 18,712 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 56,950 56,950 046 IFoirelgin FireTax l[Ward IFunnd Totall ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 38,238 1.8,71.2 156,950 051. Vullllage IPairlking System IFund Amendments 051.80.81.82.0.375.586.001 - Electricity Electricity ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 12,000 12,000 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 12,000 12,000 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 134,737 134,737 051. Villlllage Pairldng System IFund'Votall ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 1.34,737 1.2,000 146,737 061. Velhoilclle Replacement IFund Amendments 061.20.90.00.1.708.660.011 - Motor Equipment Village Admin Vehicles ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 15,000 15,000 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 15,000 15,000 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 1,702,546 - 1,702,546 061. Velinlcle Replacement IFund'Totall ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 1.,702,.546 1.5,000 1,717,.546 063 Mslk Management Fund Amendments 063.00.00.00.4.000.597.001 - Medical/Dental & Life Insurance Medical - PPO Premiums 5,377,000 104,000 5,481,000 063.00.00.00.4.000.597.004 - Medical/Dental & Life Insurance Medical Premiums - PW Union 833,000 26,000 859,000 063.00.00.00.4.000.597.006 - Medical/Dental & Life Insurance Vision Insurance ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. - 17,650 17,650 Amendments Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 6,210,000 147,650 6,357,650 Other Budgeted Accounts for the Fund ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 3,404,300 - 3,404,300 063 IiUslk Management Fund Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 9„61.4,300 1.47,650 9,761.,950 ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Amended Funds Total ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 80,894,012 2,098,798 82,992,810 All Otlhelr VIIIIIIage 1Budgeted Accounts 51.„32:3,638 _ 51.,323,638 Total All Funds 132,217,650 2,098,798 134,316,448 12 Village of Mount Prospect Budget Amendment No. 3 Fiscal Year January 1, 2021 to December 31, 2021 Revenues Current Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget Arneirded Funds 001 GeineiW (Fund Amendments 001.415.002 - State Taxes State Income Tax 5,254,200 1,900,000 7,154,200 001.415.004 - State Taxes State Sales Tax 22,500,000 5,500,000 28,000,000 001.415.005 - State Taxes State Use Tax 1,814,590 380,000 2,194,590 001.70.00.00.0.000.449.001 - Service Charge Ambulance Fee 1,500,000 800,000 2,300,000 001.418.003 - Federal Grants FEMA Grant - 125,000 125,000 001.418.027 - Federal Grants American Rescue Plan .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 3,513,935 3,513,935 Amendments Total .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 31,068,790 12,218,935 43,287,725 Other Budgeted Accounts for the Fund .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 27,790,987 - 27,790,987 001 GeineiW IFund'Totall .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 58,8.59,777 12„218,935 71,078„712 002 Debt SerAce (Fund Amendments 002.00.00.00.2.519.487.001 - Transfer In Transfer In .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 600,000 (600,000) Amendments Total .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 600,000 (600,000) - Other Budgeted Accounts for the Fund .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 5,251,071 5,251,071 002 Debt 5erAce IFuind T otall 5,851,071 (600,000) 5,251,071 020 Calc, kall Ilimproverneirnt (Fund Amendments 020.419.002 - State Grants DCEO Grants 300,000 (300,000) .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Amendments Total 300,000 (300,000) - .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Other Budgeted Accounts for the Fund 2,290,000 2,290,000 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 020 Capiitall hrnnprovement (Fund Totall 2,590,000 (300„000) 2,290,000 023 Street Ilirrr provemeirnt Construc (Fund Amendments 023.418.022 - Federal Grants CMAQ Grant 737,000 (737,000) .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Amendments Total 737,000 (737,000) - .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Other Budgeted Accounts for the Fund 3,630,000 3,630,000 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 023 a11;reel1; Umlprovement Construc Fund'Tfotall 4,367,000 (737,000) 3,630,000 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 024 Food ControU Construction Fund Amendments 024.420.014 - Other Grants Flood Grant - 2,850,000 2,850,000 024.487.001- Transfer In Transfer In 2,790,000 1,000,000 3,790,000 024.419.002 - State Grants DCEO Grants .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 5,000,000 (5,000,000) - Amendments Total .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 7,790,000 (1,150,000) 6,640,000 Other Budgeted Accounts for the Fund .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 1,922,000 1,922,000 13 Village of Mount Prospect Budget Amendment No. 3 Fiscal Year January 1, 2021 to December 31, 2021 Revenues Current Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 024 IFllood Coirntiroll Construction IFuuirnd'Tfotall 9,712,000 (1,150,000) 8,562,000 040 IRefuse IDiislposall IFund Amendments 040.80.85.00.0.000.445.002 - Refuse Disposal Charges M -Faro Ref Disp 1,100,000 73,000 1,173,000 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Amendments Total 1,100,000 73,000 1,173,000 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Other Budgeted Accounts for the Fund 3,690,348 3,690,348 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 040 IRefuse Diisposall IFund'Totall 4,790,348 73,000 4,863,348 041 IlWotoir IFuuell'Tfax (Fund Amendments 041.415.003 - State Taxes State Motor Fuel Tax 1,895,845 225,000 2,120,845 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Amendments Total 1,895,845 225,000 2,120,845 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Other Budgeted Accounts for the Fund 1,204,940 1,204,940 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 041 IlWotoir IFuuell'Tfax IFuund Totall 3,100,785 225,000 3,325,785 042 CID11BG Amendments 042.418.002 - Federal Grants Comm Dev Block Grant 388,868 245,826 634,694 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Amendments Total 388,868 245,826 634,694 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Other Budgeted Accounts for the Fund 79,632 79,632 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 042 CIIIBG To -tall 468,500 245,826 714,326 0.50 {hater and Sewer (Fund Amendments 050.488.001- Bond Proceeds Bond Proceeds 10,000,000 (10,000,000) .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Amendments Total 10,000,000 (10,000,000) - .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Other Budgeted Accounts for the Fund 17,261,745 - 17,261,745 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 050 Water and Sewer Fuund'Tfotall 27,261,745 (10,000,000) 17,261,745 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Amended Funds Total 117,001,226 (24,239) 116,976,987 .................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. AIIII Other VillageIf-luudgeted Accounts 2.0,176,764 2.0,176s764 Total All Funds 137,177,990.................... ........... �,24,239 137,153,751 14