HomeMy WebLinkAbout7.7 Motion to waive the rules requiring two readings of an ordinance and adopt AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2025, AND ENDING DECEMBER 31, 2025.Mwn t'kM:tIt4F'e
Item Cover Page
Subject Motion to waive the rules requiring two readings of an
ordinance and adopt AN ORDINANCE MAKING CERTAIN
AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE
FISCAL YEAR COMMENCING JANUARY 1, 2025, AND ENDING
DECEMBER 31, 2025.
Meeting April 15, 2025 - VILLAGE BOARD/COMMITTEE OF THE WHOLE
MEETING OF THE MOUNT PROSPECT VILLAGE BOARD
Category CONSENT AGENDA
Type Ordinance
Information
The Storm Sewer Lining Project was originally budgeted for the year 2024. This project is
grant funded. The grant application was not approved in time for 2024. The grant application
is approved, and the grant funding is now available in 2025. Hence, the project has been
added for the year 2025. This item should have been included with other carryover projects.
However, it was not on the original schedule of projects. With this amendment, the project is
now added to the 2025 Budget.
Discussion
Alternatives
1. Waive the rules requiring two readings of an amendment and approve the attached
amendment for the 2025 budget, adding $823,091 to the budget for the Flood Control
Construction Fund.
2. Action at the discretion of the Village Board.
Staff Recommendation
Staff recommends waiving the rules requiring two readings of an amendment and approving
the attached amendment for the 2025 budget, adding $823,091 to the budget for the Flood
Control Construction Fund.
Attachments
1. 2025 Budget Amendment 2
ORDINANCE NO.
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2025
AND ENDING DECEMBER 31, 2025
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the day of , 2025
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the day of , 2025.
ORDINANCE NO.
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2025
AND ENDING DECEMBER 31, 2025
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, 2025, and ending December
31, 2025, was adopted through the passage of Ordinance No. 6762 approved by the
Corporate Authorities of the Village of Mount Prospect on November 6, 2024; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have
passed and approved Ordinance No. 6782 on March 18, 2025 amending the annual budget
for the fiscal year commencing January 1, 2025 and ending December 31, 2025; 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, 2025, and ending December 31, 2025, and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe
the changes, as specified on the attached January 1, 2025, through December 31, 2025,
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, 2025, through December 31,
2025, 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:
NAPES:
ABSENT:
PASSED and APPROVED this day of , 2025.
Paul Wm. Hoefert
Mayor
ATTEST
Karen Agoranos
Village Clerk
Village of Mount Prospect
Budget Amendment No. 2
Fiscal Year January 1, 2025 to December 31, 2025
Expenditures
Fund/Account Number Current Budget
Arruernded If::uinds
024 Flood Con-11hrol Construction Fund
Amended Accounts
Increase /
(Decrease) Amended
024.80.90.00.1.703.677.019 - Storm Sewer Imp - 823,091
Amended Accounts Total - 823,091
Other
Other Budgeted Accounts for the Fund
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Other Total
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
024 Flood Control Construction Fund "fou,al
Amended Funds Total
Otlheu Funds
Other (Funds
Other
1,293,970 -
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
1,293,970 -
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
1,293,970 823,091E
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
1,293,970 823,091
Other Budgeted Accounts for the Fund
175,548,366
- 17
Other Total
175,548,366
- 17
Other Funds "Total
175,548,366
17
Other Funds Total
175,548,366
- 17
Total All Funds
176,842,336
823,091 17'