HomeMy WebLinkAboutOrd 4427 04/21/1992 ORDINANCE NO. 4427
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
COMMENCING MAY 1, 1992 TO APRIL 30, 1993 IN LIEU
OF PASSAGE OF AN APPROPRIATION ORDINANCE
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the . 2~t day of April , 1992
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
22nd day of April , 1992.
ORDINANCE NO. 4427
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE
VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR
COMMENCING MAY 1, 1992 TO APRIL 30, 1993 IN LIEU OF
PASSAGE OF AN APPROPRIATION ORDINANCE
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect in
accordance with Statutes, have provided for the preparation and adoption of an annual
budget in lieu of passage of an Appropriation Ordinance for the fiscal year commencing
May 1, 1992 to April 30, 1993; and
WHEREAS, the tentative annual budget for the Village of Mount Prospect for the fiscal
year beginning May 1, 1992 and ending April 30, 1993, as prepared by the Budget Officer
for the Village and submitted to the President and Board of Trustees, was placed on file
in the Office of the Village Clerk on April 7, 1992, for public inspection, as provided by
Statute; and
WHEREAS, pursuant to notice duly published on April 8, 1992, a public hearing was held
by the President and Board of Trustees on said tentative annual budget on April 21, 1992,
as provided by statute; and
WHEREAS, following said public hearing, said tentative annual budget was reviewed by
the President and Board of Trustees and a copy of said tentative annual budget is attached
hereto and hereby made a part hereof.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: The tentative annual budget for the Village of Mount Prospect beginning
May 1, 1992 and ending April 30, 1993, a copy of which is attached hereto and made a part
hereof, is hereby approved and adopted as the Annual Budget for the Village of Mount
Prospect for said fiscal year.
SECTION TWO: Within thirty (30) days following the adoption of this Ordinance there
shall be filed with the County Clerk of Cook County a copy thereof duly certified by the
Village Clerk and Estimate of Revenues by source anticipated to be received by the Village
in the fiscal year beginning May 1, 1992 and ending April 30, 1993, duly certified by the
Chief Fiscal Officer.
SECTION THREE: This Ordinance shall be in full force and effect from and after its
passage, approval and publication in pamphlet form in the manner provided by law.
AYES: Wilks, Hoefert, Floros, Corcoran, Busse
NAYS: C1 owes
ABSENT: None
PASSED AND APPROVED this 21st day of April, 1992.
G6rald L. Farley J
ATTEST: - -~ Village Preside.~///nt /
Carol A. Fields
Village Clerk
VILLAGE OF MOUNT PROSPECT
1992-1993 Budset Changes
92-93 92-93
Proposed Revised Increase or
Budget Budget <Decrease>
General Fund
1-000-00-4013 Retailers Occupation Tax $ 6,100,000 $ 6,000,000 $< 100,000>
1-000-00-4150 State Income Tax 2,050,000 2,070,000 20,000
1-000-00-4151 State Sales Tax' 85,000 66,500 < 18,500>
1-000-00-4153 State Use Tax 250,000 265,000 15,000
1-000-00-4164 Personal Property Repl Tax 105,000 103,000 < 2,000>
General Fund Changes $ 8,590,000 $ 8,504,500 $< 85,500>,
Ail Other General Fund Revenues 7,838,500 7,838,500
Revised General Fund Revenues $16,428,500 $16,343,000 $< 85~500>
Motor Fuel Tax Fund
22-000-00-4157 MFT Allocation $ 1,100,000 $ 1,047,500 $< 52,500>
All Other MFT Fund Revenues 50,100 50,100
Revised MFT Fund Revenues $ 1,150,100 $ 1~097,600 $< 52~500>
Capital Improvement Fund
51-000-00-4152 State Income Tax Surcharge $ 1,025,000 $ 990,000 $< 35,000>
Ail Other Capital Imprv Revenues 679,800 679,800
Revised Capital Imprv Revenues $ 1,704,800 $ 1,669,800 $< 35,000>
All Other Village Funds $21,125~695 $21,125,695 $
Total Village Revenues $40,409,095 $40,236,095 $< 173,000>
Less: Interfund Transfers < 592,700> < 592,700>
Revised Village Revenues ~ 9391643,395 9< 1731000>
Library Fund Revenues $ S 2.870.425
VILLAGE OF MOUNT PROSPECT
1992-1993 Budget Changes
Expenditures
92-93 92-93
Proposed Revised Increase or
Budzet Budget <Decrease>
General Fund
1-042-04-5843 Overtime - Public Education $ 5,500 $ 7,500 $ 2,000
1-042-04-5844 Overtime - Inspection 4,000 7,000 3,000
1-062-03-6695 Redevelopment Services 15,000 50,000 35,000
1-081-03-5810 P W Overtime 3,000 3,000
1-081-03-7395 White Light Supplies 3~000 3,000
Total General Fund Changes $ 24,500 $ 70,500 $ 46,000
All Other General Fund Expenditures 16~404,000 16,404,000
~evised General Fund Expenditures $16,428,500 $16,474,500 $ 46,000
Capital Improvement Fund
51-077-81-8007 District 57 Auditorium $ 300,000 $ 370,000 $ 70,000
51-077-91-8090 New Technology Projects 50,000 50,000
Total Capital Imprv Changes $ 300,000 $ 420,000 $ 120,000
All Other Capital Imprv Expenditures 1,453,960 1,453~960
Revised Capital Imprv Expenditures $ 1,753,960 $ 1.873.960 $ 120,000
Flood Control Const Funds
58-077-65-8103 Stevenson/Thayer Area $ 1,300,000 $ $<1,300,000>
59-077-65-8107 Central/WaPella 1,750,000 3,650,000 1,900,000
59-077-65-8109 Hatlen Heights Sewer 850,000 < 850,000>
Total Flood Control Changes $ 3,900,000 $ 3,650,000 < 250,000>
Ail Other Flood Control Expend. 1,155,800 1,155~800
Revised Flood Control Expend. $ 5,055,800 $ 4.805.800 $< 250,000>
VILLAGE OF MOUNT PROSPECT
1992-1993 Budget Changes
Expenditures
92-93 92-93
Proposed Revised Increase or
Budget Budget <Decrease>
Vehicle Replacement Fund
48-077-93-8441 Replace 2 Police Vehicles $ $ 37,200 $ 37,200
Ail Other Vehicle Replacement Expend 546,215 546,215
Revised Vehicle Replacement Expend. $ 546,215 $ 583~415 $. 37~200
Ail Other Village Funds $22.176,325 $22,176,325 $
Total Village Expenditures $45,960,800 $45,914,000 $< 46,800>
Less Interfund Transfers < 592,700> < 592~700>
Revised Village Expenditures ~ ~45~321,300 ~< 46,800>
Library Fund Expenditures