HomeMy WebLinkAboutOrd 6771 12/17/2024 Making Certain Amendments To The Annual Budget Adopted For The Fiscal Year Commencing January 1, 2024 And Ending December 31, 2024ORDINANCE NO. 6771
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 17 day of December, 2024
Published in pamphlet form by authority of the
corporate authorities
of the Village of Mount Prospect, Illinois the
18th day of Decemb r , 2024.
ORDINANCE NO. 6771
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
passed and approved Ordinance No. 6745 on July 9, 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. 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, 2024, through December 31,
2024, 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, Filippone, Gens, Grossi, Matuszak, Saccotelli
NAYES: None
ABSENT: None
PASSED and APPROVED this 17th day of December , 2024.
ATTEST
.
. . . ................. Karen Agoranos
Village Clerk
Village of Mount Prospect
Budget Amendment No. 3
Fiscal Year January 1, 2024 to December 31, 2024
Expenditures
Increase /
Fund/Account Number
Current Budget
(Decrease)
Amended Budget
Amended Funds
001- General Fund
Amended Accounts
001.30.01.00.0.000.636.030 - Tax Rebate Expense
110,000
52,000
162,000
001.50.01.00.0.000.551.001- Copier Lease Payment
4,000
3,000
7,000
001.70.01.00.0.000.561.004 - Cloud -Based Service
38,700
9,350
48,050
001.70.01.00.0.000.567.016 - GEMT State Share
500,000
100,000
600,000
001.70.01.00.0.000.619.013 - Special Events Supplies
3,500
1,500
5,000
001.70.71.00.0.000.503.001- Overtime
749,944
1,000,000
1,749,944
001.70.71.00.0.000.525.002 - Special Rescue Trng.
7,200
1,500
8,700
001.70.71.00.0.000.525.004 - Training
50,000
1,800
51,800
001.70.71.00.0.000.525.006 - EMS Trng.
21,500
1,200
22,700
001.70.71.00.0.000.530.006 - Other Prof. Serv.
8,160
3,520
11,680
001.70.71.00.0.000.532.002 - Equipment Maint.
11,220
4,550
15,770
001.70.71.00.0.000.567.003 - Ladder Testing
1,100
875
1,975
001.70.71.00.0.000.665.021 - Furniture & Equipment
20,000
11,500
31,500
001.70.71.00.0.300.668.001- Radio Equip -Fire
4,000
5,950
9,950
001.70.71.00.0.302.525.004 - Training
2,500
405
2,905
001.70.72.00.0.000.622.001- Open House Supplies
4,000
3,880
7,880
001.70.73.00.0.000.567.002 - Siren Maintenance
3,500
125
3,625
001.70.73.00.0.000.622.001- Open House Supplies
1,250
300
1,550
Amended Accounts Total1,540,574
.....
.
1,201,455
2,742,029
Other
Other Budgeted Accounts for the Fund
90182,893
90,182,893
wwwww_ � ..8 ..2,893
..............................
Other Total
90,182,893
� �..
�._..- _._W.�..
90,182,893
.
_ww....w...........n..............................
001 - General Fund Total91,723,467
........ ......... ................... .w.�
_.....�-..... ........... .. � .w
1,201,455
92,924,922
045 - DUI Fine Fund
Amended Accounts
045.60.61.65.0.000.665.031- Other Equipment ....... .��_
1,000
� �ww... www ..
12,000
�., ,._.........
13,000
_...-,...,
Amended Accounts Total
1,000
12,000
13,000
Other
Accounts for the Fund
...
1,000
Otheer r
r Tota
1,000
µX
w....ww
mm Mµm M_W
1,000
www Xww4
045 - DUI Fine Fund Total _._..�.www............ww.._...,....__.....�,_ ..- �,.�..
2,000
�._........................_...��
12,000
14,000
_,.,.
049 - Prospect and Main TIF District
Amended Accounts
049.30.00.00.0.000.637.001- Rtrn of Inc -Cook County
275,000
362,000
637,000
049.40.01.00.0.000.636.035 - Student Impact Fees
200,000
100,000
300,000
049.40.45.00.0.000.636,019 -w Developer Incentives
750000
275,000
1,025,000
Amended Accounts Total
w_..--____M.............�_..._......,�.....___�....._ �..�,._...�_.
1,225,000
737,000
1,962,000
.._ Other
Other Budgeted Accounts for the Fund
1,581,888
.1,581,888
Other Total_,.....
1,581,888w
.
�. _.M 1,581,888
w
049 - Prospect and Main TIF District Total
2,806,888
737,000
3,543,888
Village of Mount Prospect
Budget Amendment No. 3
Fiscal Year January 1, 2024 to December 31, 2024
Expenditures
Increase /
Fund/Account Number
Current Budget
(Decrease)
Amended Budget
050 - Water and Sewer Fund
Amended Accounts
050.30.01.00.0.102.563.003 - Bank Processing Fees
120,000
100,000
220,000
Amended Accounts Total__
_ 120,000
100,000
220,000
Other
Other Budgeted Accounts for the Fund....,...
36,563,777 WWMMMu�
_w µ
36,563,777
Other Total
36,563,777
36,563,777
050 - Water and Sewer Fund Total
36,683,777
100,000
....... 36,783,777
051- Village Parking System Fund
Amended Accounts
051.30.01.00.0.000.563.003 - Bank Processing Fees ,..ww_..
. 7,000
5,000
�.._..,
12,000
._�....
. w. �,..w........ �.�
Amended Accounts Total_
._....._..�..
... 7,000
__ 5,000
12,000
Other
Other Budgeted Accounts for the Fund
www www,__ 190,337.
wwnnn�_
ww ....� 190,337
Other Total
_.................. 190,337
190,337
_ .
........ ...........-_......,
051- Village Parking System Fund Total
_... ....
197,337
..... ww_ww
5,000
202,337
052 - Parking System Revenue Fund
Amended Accounts
052.30.01.00.0.000.563.003 - Bank Processing Fees
_ 8,240
W2,000
10,240
AmendedAccountsTotal ._ _
�,.,.,.. .._ 8,240
2,000 M
10,240
_www
Other
Other Budgeted Accounts for the Fund �......,
82,516
w:
82,516
Other Total
......w ._ 82,516 _
,.,..82,516
_ _ ..�ww..._.....,_
052 - Parking System Revenue Fund Total
90,756
2,000
92,756
061 - Vehicle Replacement Fund
Amended Accounts
061.50.90.00.1.708.660.017 - Human Sery Vehicles
28,000
� _ .n,....�.-.�.,
11,000
�w
39,000
.._.,...........�._ �.µ,
..-...-._MM ......._...,. _...
Amended Accounts Total
a
28,000
11,000
39,000
Other
Other Budgeted Accounts for the Fund
5,823,966
5,823,966
Other Total_..
w 5,823,966 ..,.,
,. . .._.m......�..........w�
www 5,823,966 .
...�
�.
061 - Vehicle Replacement Fund Total
_.........,.._.
5,851,966
11,000
5,862,966
063 - Risk Management Fund
Amended Accounts
063.20.90.00.1.706.645.020 - Facility Improvements
350,000
_ µ100,000
450,000
Amended Accounts Total _.�
350,000
100,000
m�450,000
Other
Other Budgeted Accounts for the Fund ..........�
10,769,327
_w...._. ...w_wwww..
10,769,327
_.., ..,
Other Total
10,769,327
10,769,327
�..,,
063 - Risk Management Fund Total
_
11,119,327
100,000
11,219,327
Amended Funds Total
148,475,518
2,168,455
150,643,973
Village of Mount Prospect
Budget Amendment No. 3
Fiscal Year January 1,2024to December 31,2024
Expenditures
increase/
Fund/Account Number
Current Budget
(Decrease) Amended Budget
Other Funds
Other Funds
Other
Other Budt dAccounts for the Fund
39700853
- 387006sI
Village of Mount Prospect
Budge Amendm n No.3
Fis al Y ar January 1, 2024 to D mb 31, 2024
Exp di u s
I c as /
Fund/Account Number
C rrent B dg
(D as Am
B g
F
001- G IF
0
001.30.01.00.0.000.636.030 - Tax Rebate Expens
110,
52,
62
.5 55 - Copi r L as P ym nt
4
3
7
.7 .56 . 4- Cloud -B d S rvic
8
9
48 5
.7 .567. 6-G MTS Sh r
6
.7 .6 9. 3- S c I Ev n Su
5
5
.7 .7 .5 3. -0 r m
749 944
.7 .7 .525. 2-S c IR cu ng
5
87
.7 .7 .525. 4- n ng
5
8
5 8
.7 .7 .525. 6 -EMS ng.
2 5
2
227
.7 .7 .53 . 6-0 h P f S v.
8 6
352
68
,7 .7 .532. 2 - Eq M n .
22
455
577
.7 .7 .567. 3 - L ng
875
975
,7 .7 .665. 2- F & Equ n
2
5
3 5
.7 .7 .3 .668. - R Equ -F
4
595
995
.7 .7 .3 2.525. 4- n ng
25
4 5
29 5
.7 .72. .622. -0 n H Su 1
4
388
788
.7 .73. .567. 2-S n M n n nc
35
25
3 625
.7 .73. .622. -0 n H u Su 1
25
3
55
o T 1
1,540,574
1,201,455
2,7 2029
Oh
0 h Bu g A f h Fun
9 82 893
-
9 82 893
0 h To I
90 182 893
9018 893
1- G I F To 1
917 6
1 1 55
9 9 9
5 - DUI Fi F
0
45.6 .6 .65. .665. 3- 0 h Equ n
2
3
o To 1
1
1
1
Oh
0 h Bu g Acc un f h Fun
-
O h To 1
1
1
5 -DU Fi F To 1
1
1
9-P p M TFDi i
0
49.3. .637. - R n f I -Cook County
275,000
362,000
637
49.4. 1. 5 - Studen Impac Fees
1
3
49.4.4. .636, 19-D v I p rl c iv
7
1
Amended Accounts Total
1,225,000
737,000
1,962
Other
0 h r B dg A f h F
1 8 888
1 81 888
O h r To al
1,58 888
-
1,581,888
049 - Pr sp c and M i TIF Di ri To al
806,888
73
3,54
Village of Mount Pr spec
B dg Am d N .3
Fi al Y J y 1, 2024 to D b 31, 2024
Ex d
I /
Fu /A N mb
c B g
(D )
m B dg
050-W and S w F nd
mndd on
.3 . 1. . .1 . 63. 3 -Ba k
i gF
1
1
m nd d o n To al
1 0,000
100,000
0,000
0h
0 B Acco fo h F
36 63 777
36 63 777
Oh To al
36,563,777
-
36,563,777
050 - Wa and S w F nd To al
36,683,777
100,000
36,783,777
051- V P k Sy F nd
mndd on
1.3 . 1. . . . 63. 3 - Ba k P oc
F
7
1
m nd d o n To al
7,000
5,000
1 ,000
Oh
O h B Acco fo h F
19 337
-
19 337
0 h To al
19
190,337
051- V Ilag Pa k ng Sy m F nd To al
197,337
5,000
0 ,337
05 - Pa k ng Sy rnR v F nd
mndd on
.3 . 1. . . . 63. 3 - Ba k P oc
F
8 4
1 4
m nd d o n To al
8, 40
,000
10, 40
Oh
0 h B Acco fo h F
8 16
8 16
Oh To al
8 ,516
-
8 ,516
05 - Pa k ng Sy m R v F nd To al
90,756
,000
9 ,756
061-V h I R pla m n F nd
mndd on
61. .9 . .1.7 8.66 . 17 - H ma S
V 1
11
39
m nd d o n To al
8,000
11,000
39,000
Oh
0 h B Acco fo h F
8 3 966
-
8 3 966
Oh To al
5,8 3,966
-
5,8 3,966
061 - V h I R pla m n F nd To al
5,851,966
11,000
5,86 ,966
063-R kM F nd
mndd on
63. .9 . .1.7 6.64 Fa y Im
m
1
4
m nd d o n To al
350,000
100,000
450,000
Oh
Oh B Acco fo h F
1 7693 7
1 7693 7
Oh To al
10,769,3 7
-
10,769,3 7
063 - R k Manag m n F nd To al
11,119,3 7
100,000
11, 19,3 7
m nd d F nd To al
148,475,518
,168,455
150,643,973
VII g of Po t
B A n nt N. 3
F I Y J nu y 1, 2024 to D b 31, 2024
Ex
In a /
F nd/ o n N b C n B dg a) B dg
h F nd
h F nd
Oh
0 h B Acco fo h F 397 6 3 397 6 3
Oh To al 39,700,653 - 39,700,653
Oh F nd To al 39,700,653 39,700,653
0 h F nd To al 39,700,653 39,700,653
To al II F nd 188,176,171 ,168,455 190,344,6 6