HomeMy WebLinkAboutOrd 6810 10/28/2025 Making Certain Amendments To The Annual Budget Adopted For The Fiscal Year Commencing January 1, 2025 And Ending December 31, 2025ORDINANCE NO. 6810
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 28th day of October, 2025
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect,
Illinois the 29th dgy of October , 2025.
ORDINANCE NO.6810
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
passed and approved Ordinance No. 6789 on April 15, 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
passed and approved Ordinance No. 6794 on July 8, 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. 4 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 Four, 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. 4 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, DiPrima, Gens, Matuszak, Saccotelli
NAYES: None
ABSENT: Grossi
PASSED and APPROVED this 28th day of _ October _ ,, 2025.
ATTEST
Karen Agoranos
Village Clerk
Village of Mount Prospect
Budget Amendment No. 4
Fiscal Year January 1, 2025 to December 31, 2025
Revenues
Current
Increase /
Amended
Fund/Account Number
Budget
(Decrease)
Budget
Amended Funds
049 - Prospect and Main TIF District
Amended Accounts
049.487.001- Transfer In
5,000,000
3,700,000
8,700,000
Amended Accounts Total
5,000,000
3,700,000
8,700,000
Other
Other Budgeted Accounts for the Fund
5,042,500
5,042,500
Other Total
5,042,500
5,042,500
049 - Prospect and Main TIF District Total
10,042,500
3,700,000
13,742,500
Amended Funds Total
10,042,500
3,700,000
13,742,500
Other Funds
Other Funds
Other
Other Budgeted Accounts for the Fund
155,901,365
155,901,365
Other Total
155,901,365
_ . ....
155,901,365
-.
Other Funds Total
155,901,365
155,901,365
Other Funds Total
155,901,365
155,901,365
Total All Funds 1.65,943,8A5' 3,700,000 169,643,865
Village of Mount Prospect
Budget Amendment No. 4
Fiscal Year January 1, 2025 to December 31, 2025
Expenditures
Increase /
Fund/Account Number
Current Budget
(Decrease)
Amended Budget
Amended Funds
001 -General Fund
Amended Accounts
001.00.00.00.0.000.697.001 -Transfer Out
11,749,433
3,700,000
15,449,433
001.50.51.00.0.000.573.012 - Opioid Funds
1,700
1,700
_.. Amended Accounts Total
11,749,433
3,701,700
15,451,133
Other
Other Budgeted Accounts for the Fund
79,046,464
79,046,464
Other Total
79,046,464
79,046,464
001 - General Fund Total
90,795,897
3,701,700
94,497,597
049 - Prospect and Main TIF District
Amended Accounts
049.40.45.00.0.000.636.019 - Developer Incentives
1,480,000,
3,700,000
5,180,000
Amended Accounts Total
1,480,000
3,700,000
5,180,000
Other
Other Budgeted Accounts for the Fund
9,617,738
9,617,738
Other Total
9,617,738
9,617,738
049 - Prospect and Main TIF District Total
11,097,738
3,700,000
14,797,738
Amended Funds Total
101,893,635
7,401,700
109,295,335
Other Funds
Other Funds
Other
Other Budgeted Accounts for the Fund
87,286,292
87,286,292
&her Total
87,286,292
87,286,292
Other Funds Total
87,286,292
87,286,292
Other Funds Total
87,286,292
-
87,286,292
Total All Funds
189,179,927
7,401,700
196,591,62�7