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Home My WebLink AboutOrd 6745 07/09/2024 Making Certain Amendments To The Annual Budget Adopted For The Fiscal Year Commencing January 1, 2024 And Ending December 31, 2024ORDINANCE NO. 6745 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2024 AND ENDING DECEMBER 31, 2024 PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 9th day of July , 2024 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 10 day of July , 2024. ORDINANCE NO. 6745 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2024 AND ENDING DECEMBER 31, 2024 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, 2024, and ending December 31, 2024, was adopted through the passage of Ordinance No. 6708 approved by the Corporate Authorities of the Village of Mount Prospect on November 7, 2023; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 6731 on March 19, 2024 amending the annual budget for the fiscal year commencing January 1, 2024 and ending December 31, 2024; 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, 2024, and ending December 31, 2024, and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2024, through December 31, 2024, 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, 2024, through December 31, 2024, 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: Dante, Filippone, Gens, Grossi, Matuszak, Saccotelli NAYES: None ABSENT: None PASSED and APPROVED this 9th day of July r 2024. ATTEST 4ZrA ............. Kgoranos Village Clerk Village of Mount Prospect Budget Amendment No. 2 Fiscal Year January 1, 2024 to December 31, 2024 Revenues Current Increase / Amended Fund/Account Number Budget (Decrease) Budget ku7Hinded F uu'iis, 020 C pitid Iluu1rnuuti.+uu'zu nl! Fund Amended Accounts 020.418.006 - STP Grant 580,573 580,573 Amended. ,....__ ... _w�._ Accounts Total ...... .m___-�...,,..�. ....,.� ____ 580,573 580,573 r Other Other Budgeted Accounts for the Fund 6,567,252 6,567,252 _ .... ._ ..e..��_ _ Other Total._.... 6,567,252 m.._ 6,567,252 V I lirnuru^tr Ilr,au��ia� 1 t ..,.��_� D w lrl'7 11 Ilm brovi Fa , l Via% 01 M, nn Fnivu';„uxnLy Fund Amended Accounts 038.487.001 Transfer In __ ... , , 6500,000 , .,.., ..�wa........ 6,500,000 _ A..�,_ -w_6 mended Accounts Total 6,500,000 6,500,000 Other Other Budgeted Accounts for the Fund g .. __..........� __ � � _..— ..._�e _� m ... �. Other Total . 038 Ecainoirirdc f rurn¢er r urry Fund tlu:ytnl.. t HMd SOVVm w ld Amended Accounts 050.80.84.87.0 000.446,004 - Water Meter Fees 29 998 15 366� .. __ 45,36 4 .- __.w. .. ..-..-y,_ � Amended Accounts Total 29 998 .. --- 15 366 4 4 64 45,36 Other Other Budgeted Accounts for the Fund ..� 26 725 450 26,725,450 m....— Other Total 26,725,450 .. 26,725,450 O'b (rt�:ti f,:"I' -alit .a,.v,,r,r 1:8"tld I�cpta e�Y7 A7 Y �..t. .......,, Y 36 tl5 - ,_26,770,814 ,�...,. Amended Fun ds Total 33,322,700 .,.. 7,D95 939 40 418,639 ltlln^aV iNndU,; ": or;-wm&ti Other g Fund 124,264,870 124,264,870 Other Budgeted Accounts for the Fu _.__.. -•. ... Other Total 124,264,870 4,264 S70 ..... otthc I ands Vot'�ul �";1"t t f0 _ other Funds 124,264,970 2 ._ _..m___.---- 9.__._�_ i P ttrl —u..... t7�Y. Total 64,870 .......................�............� 4 264 870 124,264,870 Total All Funds 157,587,570 7,095,939 164,683,509 Tmmnwi�m�a - u�. rrwmrmw �+�»mwwu i i��rr T - Village of Mount Prospect Budget Amendment No. 2 Fiscal Year January 1, 2024 to December 31, 2024 Expenditures Increase / Fund/Account Number Current Budget (Decrease) Amended Budget Anwndpd1 unik 001 6r*Tonal Fund Amended Accounts 001,00.00.00,0000,697,001- Transfer Out 14,779,000 6,500,000 21,279,000 001,00,00,00.0.000,636.004 - Property Acquisition 775,000 775,000 00L60.61.65,0,000.500.001 - Full -Time Earnings 8,791,941 56,369 8,848,310 001 60.61.65 0,000.510,001 • Medical Insurance 1,324,032 13,020 1,337,052 001,60,61,65,0 000.511.002 - Medicare 138,036 ...................... 818 138,854 Amended Accounts Total 25,033,009 7,345,207 32,378,216. Other Other Budgeted Accounts for the Fund ................. - ------------ ,,,,-.,.........,................. m,, ..... -- �--- 59,345,251 .......................,.., ..,.m........... ..............- .-.__,�..,........._..... 59,345,251 0..._..._.,.,.�,__ therTotal ------- ------- -...— 59,345,.�� ----- -- ---- -- -- 59,345,251 ,,. -� .... r r v A f r mr, t , r L,n.�.... ........ ..... --- r, - I_apit,frl Impi r, -+r pof 4 runty➢ .,,, ,,_ __,...,-,,,.A m .. ............. -` ---- Amended Accounts 020 80.90.00.L705.679,002 - Ped Bridge - Melas/Mead .,n.�..... ..., ........ ........ ......... _................................................................ 14,952 725,716 740,668 Amended Accounts Total _........................................... ............ 14,9-52 ------------------ 725,716 740,668 Other Other Budgeted Accounts for the Fund w......... ........... 8,737,218 8,737,218 Other Total. ......................................--__ 8,737,218 ,._ ... ... 8,737,218M _ Q 0 1! alai1 „I lrnpri�a monl Irwin Tr ,rl , 4Z,I'10 r ".� I I!iP a .54illl 01i0 NJ tl i rmd .rr7 s;`iarrr' .......... Amended Accounts 050 80.84,87.0.381,665.050 - Water Meters _........................................................................................-...........................................,...., 72,441 .......,.,,,...,..,,,.,.....,......................,..........,...,,............................................ 15,366 ...........__-__._____.....__.-- 87,807 ......... Amended Accounts Total 72,441 15,366 87,807 Other Other Budgeted Accounts for the Fund _..-.,,...��.....m...��........ 36,595,971 �� _ . ...............rr.....,Po...,............_e............_ 36,595,971 _ - OtherTotal _.._ - __.,m,_.. ..... ........ 36,595,971.... 36,595,97.1.n . 11•el.'I ill it =r dmn rwi r1.n rl lillJi�il ... a t,':', ,I,l::i I';'.. Amended Funds.., -----___ ----_- Total 129,798,942 8,086,289 137,885,131 Total All Funds 180,089,883 8,086,289 188,176,171