HomeMy WebLinkAboutOrd 6637 06/21/2022 Amendments to the annual budget adopted for the fiscal year coomencing January 1, 2022 and ending December 31, 2022ORDINANCE NO. 6637
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 21 st day of June '2022
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 22 day of June , 2022.
ORDINANCE NO, 6637
AN ORDINANCE MAKING CER"PAIN 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
passed and approved Ordinance No. 6612 on March 1, 2022 amending the annual budget
for the fiscal year commencing January 1, 2022 and ending December 31, 2022; 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. 2 to be in the best interest of the Village of Mount Prospect; and
WHEREAS, the Village has now revised the revenue projections or has reserves in each
of the Funds in which the budget is being increased adequate in amount to cover the budget
changes reflected in Budget Amendment Number Two, 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. 2 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, Rogers, Zadel
NAYES: None
ABSENT: Saccotelli
PASSED and APPROVED this 21 st day of .. June --- 12022.
ATTEST
. . . .......
Karen Agorano
Village Clerk
Village of Mount Prospect
Budget Amendment No. 2
Fiscal Year January 1, 2022 to December 31, 2022
Expenditures
All Other Village Budgeted Accounts
91,215,908 91,215,908
Total All Funds 160492566 898991 161,391,557
Current
Budget
Budget
Amended
Fund/Account Number
Amount
Amendment
Budget
Amended Funds
001 General Fund
Amendments
001.60.01.00.0.000.500,001 - Full -Time Earnings Full -Time Earnings
815,961
34,834
850,795
001.60.01„00.0.000,510.001 - Group Insurance Medical Insurance
105,644
14,325
119,969
001.60.01.00,0.000.511.002 -Social Security Contributions Medicare
14,403
505
14,908
001.60.61.65.0.000.500.001 - Full -Time Earnings Full -Time Earnings
7,492,966
69,667
7,562,633
001.60.61.65.0.000.510.001 - Group insurance Medical insurance
1,113,559
28,650
1,142,209
001.60.61.65.0.000511.002 - Social Security Contributions Medicare
124,629
1,010
125,639
001.00.00.00.0.000.697.001 - Transfers Transfer Out
7,775,000
750,000
8,525,000
Amendments Total
. ..... ........ ....... . ... ..
17,"2,162
......
$98,991
19,341,153
Other Budgeted Accounts for the Fund ............
51,834,496
51,834,496
001 General Fund Total
... ... ... .. . ...... .
... ... 69,276,658
898,991
70,175,649
. ... ........
.." . . .......................................................
Amended Funds Total69,276,658
. ...... ........
898,991
70,175,649
All Other Village Budgeted Accounts
91,215,908 91,215,908
Total All Funds 160492566 898991 161,391,557
Village of Mount Prospect
Budget Amendment No. 2
Fiscal Year January 1, 2022 to December 31, 2022
Revenues
Current
Budget increase/ Amended
Fund/Account Number Amount (Decrease) Budget
Amended Funds
039 Pension Stabilization Fund
Amendments
039.487.001- Transfer In 750,000 750,000
....................... ................ . . ... .... ... ....... ... . . ......... . . . ................ —
Amendments Total 750,000 750,000
— ............ . .
..--- .. ... ... ... ... ... ... ... ...... ...... ... . ....... -- ........... . . . . . . .
039 Pension Stabilization Fund? 750,000 750,000
.............. . ............... -- ...... ... ... -- ---- -- ............ ... .... . .
Amended Funds Total 750,000 750,000
..... . . . ......
All Other Village Budgeted Accounts
Total All Funds 154 130 092 750000 154880092