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Home My WebLink AboutOrd 6616 03/15/2022 Amendments to the Annual Budget adopted for the fiscal year commencing January 1, 2021 and ending December 31, 2021ORDINANCE NO. 6616 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 "1 USTEl'.S the 15th day of March 2022 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 16th day of March, 2022. ORDINANCE NO. 6616 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. 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 NAPES: None ABSENT: None PASSEL? and APPROVED this l 5th day of March , 2022. ATTEST Karen A os Village Clerk Village of Mount Prospect Budget Amendment No. 3 Fiscal Year January 1, 2021 to December 31, 2021 Expenditures 043 Asset Seizure Fund Amendments 043.60.61.66.0.000.665.031 Other Equipment Other Equipment _ .�µ.._._...............�......�..............�.�... _.... ... m .3,000...................,...,, 1�2,92.1.......w.....�.�.�.�... 15,921 Amendments Total _ .......... ___www 3,000 12,921.......X. 15 921 �...dg Accounts forthe Fund 4,000 4,000 ,.Other Budgeted Accaun..............�..........................�. �.........�.�......_.......,u.�w.,.�.w.............�.�.�.._,..._,, �,..w...... ��...............................,.�._.�,�....,..-..._�.�.�..........................................................,,,,,,,,��.,.�...�.�_�...-...... 043 Asset Seizure Fund Total �mmmm .......�.... �µN W 7,000 12,921 19,921 Current Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget Amended Funds 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 State Share _ ...c,_...t....u....a.....,l. - Amendments Total ... 3,600,740 - ...... ...............31„8N,0.0..0... 1,561,168 5,161,908 .. ....................M...............................,......,.C..o...n...,t.r,..,a. Other Budgeted Accounts for the Fund..S...e..r..v....i..c...e....s.....G...E..M....T..._....,.,.,.,................. 58,099,136 ..............µ..............3....1..8.,,.0,0._0 ._ 58,099,136 001 General Fund Total ....._......... ....._...,,_.. ...............�w_.,,_._._ _ ...w ...... .. 699,876......_ ..1,561,168 44 63,261 .. 020 Capital 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 the Fund _ .µ��e wwwµ 2,443,466 µz 2,443,466 020 CapitalIm rovementFundTotaltl....,.. _. p 2,435,466 _..._ __.._...... 34,774 .. 2,470,241 040 Refuse Disposal 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 w_„w_,,,, 25,000 ........... _.........._...., _.� 685,416 ............ Amendments Total._. _._.._ .. ,, .... .._._�.... _..............................................w.. .w 660,416 _ w.... ,,..4_8,652 709,068_ Other Budgeted.Accounts for the FundM M ... _�.,., ppppppp µ µ µ 4,129,9_32 �p �4,129,932m 040 Refuse Disposal Fund Total .._._....._. ...................... .... _......,,.............._..................................._...,,,,,,,,,, 4,790,348 48,652, .....4,839,000w. 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 ofConcern .,,,,,, .................. 231,000 231:000 Amendments Total _ 10,000 245,826 2S5,826 Other Budgeted Accounts for the Fund 458,500 .:� 458,500 042 CDBG Total ww _.._..,.,. __ ......._.........,._.__._......................... _..__ .... ..........................., 468,500... .._ 245,826.........__--- 714,326 043 Asset Seizure Fund Amendments 043.60.61.66.0.000.665.031 Other Equipment Other Equipment _ .�µ.._._...............�......�..............�.�... _.... ... m .3,000...................,...,, 1�2,92.1.......w.....�.�.�.�... 15,921 Amendments Total _ .......... ___www 3,000 12,921.......X. 15 921 �...dg Accounts forthe Fund 4,000 4,000 ,.Other Budgeted Accaun..............�..........................�. �.........�.�......_.......,u.�w.,.�.w.............�.�.�.._,..._,, �,..w...... ��...............................,.�._.�,�....,..-..._�.�.�..........................................................,,,,,,,,��.,.�...�.�_�...-...... 043 Asset Seizure Fund Total �mmmm .......�.... �µN W 7,000 12,921 19,921 Village of Mount Prospect Budget Amendment No. 3 Fiscal Year January 1, 2021 to December 31, 2021 Expenditures Current Budget Increase/ Amended Fund/Account Number Amount (Decrease) Budget 045 DUI Fine Fund (18,712)...................w,.1..8,712 .,........, �56,950 Amendments 56,950 �..................... �__ ._....�.�.�..�..�.......�.�.� w. 045.60.61.65.0.000.525.004 - Training Training 1,000 2,043 3,043 045.60.61.65.0.00.665.031 Other Equipment Other Equipment .......- — .. .1. 000 ................. 53 .......... 1,053 _........ .._.,..._.al AmendmentsTotal ........ ............ ....................... ,. ..................................................................__..... ._........ . _ 2.000 .......__.. 2,096 4,096 g Other Budgeted Accounts for the Fund �..................._. ..._ .......,................................._.... _........._.1,000 W W µ o„o......�.................1,000 ... 045 DUI Fine Fund Total _ _.. _... _ _.. �... _....._...... ,... ...�................ 3.000 � 2,096... ........ ...._. 5 096 046 Foreign Fire Tax Board Fund Amendments 46�.301.665.021 - Other Equipment Furniture & Equipment ............... �...w...av_.u,v,u.,,,....._....,..................................................w..... (18,712) 18,712 Amendments Total _-w-w..._.........�...... (18,712)...................w,.1..8,712 .,........, �56,950 Other Budgeted Accounts for the Fund _. . ................�.�.�.�.�. 56,950 �..................... �__ ._....�.�.�..�..�.......�.�.� w. 046 Foreign Fire Tax Board Fund Tota... ................ _._...................................�.......� �..................._.,_.,..�.....�..38,238.....................18,712 56950 051 Village Parking System Fund Amendments 75.58 Electricity Electricity ..51.-0.81.82.0.3 ...............86.001:. El...ct............Y....�.�.....�....�.�.�_.. _ __.........�.��..�.�a....................................�.�.�.�.�.�....................�.� 12,000 12,000 Amendments Total ....................................�...............,,,. �.........._. � ...... -w-.www._..._.. - � _.134,737 ............... 12,000 � .� 12,000_ Other Budgeted Accounts for the Fund_.�aaaaaaaa „......� 134,737 051 Village Parking System Fund Total 134,737 12,000 146,737 V 061 Vehicle Replacement Fund Amendments O61µ20.90.00.1.70_8; 660.011 - Motor Equipment Village Admin Vehicles _w . 15,000 15,000 Amendments Total �w........ _._.................... _..._. �ww �... ..... ......_...... ..... _ 15,000 ...._. . 15,000 Other Budgeted Accounts for the Fund ... 1,702,546 ...-�......._............._.--_...._,,546 1,702,546 d Total .261.y Replacement Fun ..........www ......... _ _..__.........w_.ri..... ...........�..wwww.w... _. _ .. 1,702,x46 _...... 1, 4 15,000 1,717,546 063 Risk 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 0_63.00.00.00.4.000.597.006 - Medical/Dental & Life Insurance Vision Insurance ................w._ _. ......X .........W _ .�........... 17,650 17,650_ Amendments Total .µ.... _�....�.... �.. ... ww........ .M................ _ 6,210,000..................ww.147,w650..,6,357,650 .......... g Other Budgeted Accounts for the Fund ,_........................... _.,,,,, ,_... . .. 3,404,300,... .................... _...........-----_._.__.,..., 3.404,300 063 Risk Management Fund Total 9,614,300 147,650 9,761,950 Amended Funds Tota.I.......- ........... _ .... w....................w.............................._... _ .,_ ...,.,..,.....w.80,fC94,012......,,,...2,098,798 82,g.._.............. ........ ._.,�, 92,810 All Other Village Budgeted Accounts 51,323,638 - 51,323,638 Total All Funds 1.32 217,650 2 098 7911 1.34 316 8 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 Amended Funds 001 General Fund Amendments 001.415.002 - State Taxes State Income Tax 001.415.004 - State Taxes State Sales Tax 001.415.005 - State Taxes State Use Tax 001.70.00.00.0.000.449.001- Service Charge Ambulance Fee 001.418.003 - Federal Grants FEMA Grant 5,254,200 1,900,000 7,154,200 22,500,000 5,500,000 28,000,000 1,814,590 380,000 2,194,590 1,500,000 800,000 2,300,000 125,000 125,000 001.418.027 - 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 . �.........w ._ ................ w _ �,...... _.._. 27,790,987.........._.._........... ,.,.,..27,790,.98.7.._ 001 General Fund Total 58,859,777 12,218,935 71,078,712 002 Debt Service Fund Amendments 002.00.00.00.2.519.487.001- Transfer In Transfer In ^^^^ 600,000 (600,000) wµ Amendments Total �_ .. ....._............................-_...._.�...................., 600,000 ..... � 600,000) .�._ ... ......ww._ Other Budgeted Accounts for the Fund__� _.. s µ5,25l,071 - 5,251,071 002 Debt Service Fund Total 5,851,071 (600 000) 5,251,071 020 Capital Improvement Fund Amendments 020.419.002 - State Grants DCEO Grants..__--......... _. ........ .._ 300,000 (300,000) Amendments Total.._ ..-... ..., , . � ^M300,000 (300,000) Other Budgeted Accounts for the Fund �. 2,290,000 2,290,000 020 Capital Improvement Fund Total 2,590,000 (300,000} 2,290,000 023 Street Improvement Construc Fund Amendments 023.418.022 - Federal Grants CMAQ Grant_ �� _� 737,000 (737,000) W Amendments Tota.737,000 (737,000) ...... ..... ..._...__. _.. ..........................w. .µ................................. .............................._..............._.......� Other Budgeted Accounts for the Fund 3,630,000 3,630,000 023 Street Improvement Construc Fund Total 4,367,000 (737,000) 3,630,000 024 Flood Control Construction Fund Amendments 024.420.014 - Other Grants Flood Grant 024.487.001- Transfer In Transfer In 2,850,000 2,850,000 2,790,000 1,000,000 3,790,000 O24.419.002µ State Grants DCEO Grants _ �. __ ��^ 5,000,000 (5,000,000) mm Amendments Total 7,790,000 (1,150,000) 6,640,000 Other Budgeted Accounts ..f_o..r the...FundW............._..1,922,000 1,922,000 ._......................___----.�.�______......... 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 Flood Control Construction Fund Total _ _.µ.µ�� 9,712,000 (1,150,000) 8,562,000 040 Refuse Disposal Fund Amendments 040.80.85.00.0.000.445.002 - Refuse Disposal^ Charges M^Fam Ref Disp 1,100,000 73,000 1,173,000 Amendments Total 1,100,000 73,000 1,173,000 _... _ ....._ _ „„„„ . .�„...�...... � �....._._.....,,,m�,,,,,, ....., �,......__ Other Budgeted Accounts for the Fund....................._...................�._....... ...-............ _.. 3,690 348 ........_.3,690,W348 040 Refuse Disposal Fund Total _ �................. 4,790,34$ 73,0004,863,348µµ 041 Motor Fuel Tax Fund Amendments 041.415.003 -State Taxes State Motor Fuel Tax �M µµMµM ., 1,895,845 225,000 2,120,845 Amendments Total 1 895,845 225,000 2,120,845 __.,..� mm ..... __ ..._..._.. ... ................w.,.,. .......�..._..._ _............., ......a.._ww.._........._-............__.........-.......... __....,_,.., Other Budgeted Accounts for the Fund 1,204,940 - 1,204,940 041 Motor Fuel Tax Fund Total.............. ^^ .. 3,100,785 225,000 3,325,785 042 CDBG 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 .... ...... ............ �._. .... �ww ........_. _....�..,.,... �. �......_...................................._..._._. ,. .... �................................ 042 CDBG Total _ ....� 468,500 245,826 714,326 050 Water and Sewer Fund Amendments 050.488.001- Bond Proceeds Bond Proceeds 10,000,000 (10,000,000) Amendments Total __,. ...... �. ... ...... �tlW10,000,000 (10,000,000) Other Budgeted Accounts for the Fund 17,261,745 _ �- 17,261,745 050 Water and Sewer Fund Total +27,261,745 (10,000,000) 17,261,745 Amended Funds Total -__._.._„.„..�....� ........_..��...�._._.................,�.�,............�.�... _._....................._.. _._ � ...... 76,987 117,001,226 ( _ .. WWW24,239) 116,9 All Other Village Budgeted Accounts 20,176,764 20,176,764 Total All Funds 137 177 990 24,239 137,153 751