HomeMy WebLinkAboutOrd 6647 10/04/2022 Amendments to the annual budget adopted for the fiscal year commencing January 01, 2022 and ending December 31, 2022ORDINANCE NO. 6647
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 4th day of October. 2022
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 4th day of October, 2022,
ORDINANCE NO. 6647
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2022
AND ENDING DECEMBER 31, 2022
WHEREAS, the President and Board of "Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 2342 which sets the finances of the Village under the
"Budget Officer System"; and
WHEREAS, pursuant to the aforesaid Ordinance and the Statutes of the State of Illinois an
annual budget for the fiscal year commencing January 1, 2022 and ending December 31,
2022 was adopted through the passage of Ordinance No. 6588 approved by the Corporate
Authorities of the Village of Mount Prospect on November 16, 2021; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
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
passed and approved Ordinance No. 6637 on June 21, 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. 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:
I�,�"1"IO ON1414,: 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. 3 attached hereto.
SECTION TW( 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, Saccotelli, Zadel
NAYES: None
ABSENT: None
PASSED and APPROVED this 4th day of -,, ........ --,Octobcr 2022.
Paul Wm. /Jioeqfcr(�'-
Mayor
ATTEST
1�4-en Agoranos
'at
Village Clerk
Village of Mount Prospect
Budget Amendment No. 3
Fiscal Year January 1, 2022 to December 31, 2022
Expenditures
Current
Budget Budget Amended
Fund/Account Number Amount Amendment Budget
Amended Funds
001 General Fund
Amendments
001.20.27.00.0.000.500.001- Full -Time Earnings, Full -Time Earnings
27,500
27,500
001.20.27.00.0.000.511.001- Social Security Contributions, Social Security
1,705
1,705
001.20.27.00.0.000.511.002 - Social Security Contributions, Medicare
399
399
001.20.27.00.0.000.512.001- Retirement Contributions, IMRF Pension Expense
2,253
2,253
001.20.27.00.0.000.510.001- Group Insurance, Medical Insurance
4,661
4,661
001.20.27.00.0.000.510.004- Group Insurance, Dental Insurance
688
688
001.20.23.00.0.000.513.014 - Employee Retention Incetives
271,122
271,122
Amendments Total �w� .. .......
308,327
308,327
001 General Fund Total
308,327
308,327
060 Vehicle Maintenance Fund
Amendments
060.80.86.89.0.000.627.001— Gas Gas Vehicles
_ 400,000
100,000
500,000
Amendments Total
400,000
100,000
500,000
060 Vehicle Maintenance Fund Total
400,000
100,000
500,000
Amended Funds Total
400,000
408,327
808,327
All Other Village Budgeted Accounts
160,991,557 160,991,557
Total All Funds 161,391 557 408,327 161,799,885