HomeMy WebLinkAboutOrd 6681 06/06/2023 Budget Amendments January 1 2023 ending December 31 2023ORDINANCE NO. 6681
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2023
AND ENDING DECEMBER 31, 2023
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 6 day of m June '2023
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 6 day of June , 2021
ORDINANCE NO. 6681
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2023
AND ENDING DECEMBER 31, 2023
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, 2023, and ending December 31,
2023 was adopted through the passage of Ordinance No. 6649 approved by the Corporate
Authorities of the Village of Mount Prospect on November 01, 2022; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 6671 on March 21, 2023 amending the annual budget
for the fiscal year commencing January 1, 2023 and ending December 31, 2023; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 6680 on May 16, 2023 amending the annual budget
for the fiscal year commencing January 1, 2023 and ending December 31, 2023; 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, 2023, and ending December 31, 2023; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe
the changes, as specified on the attached January 1, 2023, through December 31, 2023,
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, 2023, through December 31,
2023, 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: Dante, Gens, Grossi, Matuszak, Saccotelli
NAYES: Filippone
ABSENT: None
PASSED and APPROVED this 6th day of June , 2023.
._ _.:.. Paul Wm. ... � w�_ ............. .......__.
)ef
Mayor
ATTEST
.............Karen oras _ ....
g s
Village Clerk
Village of Mount Prospect
Budget Amendment No. 3
Fiscal Year January 1, 2023 to December 31, 2023
Expenditures
Fund/Account Number
Amended Funds
001 General Fund
Amendments
001.20.23.00.0.000.513.014 - Other Employee Benefits Retention Incentive
001.70.71.00.0.000.511.002 - Social Security Contributions Medicare
Current
Budget Budget Amended
Amount Amendment Budget
145,000 145,000
133,922 2,102 136,024
Amendments Total 133,922 147,102 281,024
Other Budgeted Accounts for the Fund 84,365,528 - 84,365,528
001 General Fund Total
84,499,450 147,102 84,646,552
023 Street Improvement Construc Fund
Amendments
023.80.90.00.1.704.678.009 - Streets Street Reconstruction 2,341,004 500,000 2,841,004
Amendments Total 2,341,004 500,000 2,841,004
Other Budgeted Accounts for the Fund 3,490,000 - 3,490,000
023 Street Improvement Construc Fund Total 5,831,004 500,000 6,331,004
050 Water and Sewer Fund
Amendments
050.80.90.00.1.702.672.008 - Sewer System Lead Service Line Rebate Program 50,000 100,000 150,000
Amendments Total 50,000 100,000 150,000
Other Budgeted Accounts for the Fund 35,129,910 - 35,129,910
050 Water and Sewer Fund Total 35,179,910 100,0.00 35,279,910
Amended Funds Total 125,510,364 747,102 126,257,466
All Other Village Budgeted Accounts 41,964,642 - 41,964,642
Total All Funds 167,475,005 747,102 168,222,107