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Home My WebLink AboutOrd 6834 03/16/2026 Amendments To The Annual Budget Adopted Fot The Fiscal Year Commencing January 1, 2025 And Ending December 31, 2025ORDINANCE NO. 6834 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 16th day of March, 2026 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 17th day of March. 2026. ORDINANCE NO.6834 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 passed and approved Ordinance No. 6810 on October 28, 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. 5 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 Five, 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. 5 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, Grossi, Matuszak, Saccotelli NAYES: None ABSENT: None PASSED and APPROVED this 16th day of March s 2026. MayorPaul Win. Ho fert ATTEST Alm Karen Agoranos Village Clerk Village of Mount Prospect Budget Amendment No. 5 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 001.20.23.00.0.000.523.001 -Tuition Reimbursements 10,000 (4,750) 5,250 001.60.01.00.0.000.561.004 - Cloud -Based Service 306,339 (57,000) 249,339 001.60.01.00.0.000.621.003 - Training Supplies 12,730 (1,000) 11,730 001.60.01.00.0.252.665.049 - Visa Bar Unitrols 2,835 (2,800) 35 001.60.01.00.0.252.668.003 - Radio Equip -Police 4-,950 14,000') - "_ 950 001.60.61.65.0.000.603.001 - Clothing Supplies 32,135 (6,000) 26,135 001.60.61.65.0.000.621.001 - Protective Clothing 24,100 (10,000) 14,100 001.60.61.65.0.000.621.005 - Ammunition & Targets 56,633 (15,000) 41,633 001.60.61.66.0.000.530.006 - Other Prof. Serv. 12,980 (3,000) 9,980 001.80.90.00.0.704.674.001- Intersection Studies 3,078,397 (2,074,320) 1,004,077 001.80.90.00.1.705.675.009 - Sidewalk Imp Program (CIP) 330,000 (288,098) 41,902 001.80.90.00.1.705.676.001- Streetlight Improv 587,000 (549,250) 37,750 Amended Accounts Total 4,458,099 (3,015,218) 1,442,881 Other Other Budgeted Accounts for the Fund 90,039,498 90,039,498 Other Total 90,039,498 90,039,498 001 - General Fund Total 94,497,597 (3,015,218) 91,482,379 020 - Capital Improvement Fund Amended Accounts 020.40.90.00.0.710.636.007 - Facade Program 865,000 (762,282) 102,718 020.80.90.00.0.706.645.020 - Facility Improvements 187,619 (100,000) 87,619 020.80.90.00.1.704.636.033 - Central Road Ped Crossing 323,697 (151,290) 172,407 020.80.90.00.1.705.676.007 - Corridor Streetlight Improvement 5,409 (4,652) 757 020.80.90.00.1.705.676.008 - Res Streetlight Improv 506,403 (214,064) 292,339 020.80.90.00.1.705.679.002 - Ped Bridge - Melas/Mead 620,445 (27,784) 592,661 020.80.90.00.1.705.679.027 - Bike Path Improvements 1,280,088 (928,539) 351,549 020.80.90.00.1.706.648.020 - Facility Improvements 155,075 (40,000) 115,075 020.80.90.00.1.706.649.020 - Facility Imp 138,700 (40,000) 98,700 020.80.90.00.1.706.651.001- Other Public Buildings 240,000 (33,335) 206,665 020.80.90.00.1.706.651.010 - Repl HVAC-Pub Bldgs 138,600 (69,300) 69,300 020.80.90.00.1.707.651.006 - Connectivity 150,000 (125,000) 25,000 Amended Accounts Total 4,611,036 (2,496,246) 2,114,790 Other Other Budgeted Accounts for the Fund 2,917,628 2,917,628 Other Total 2,917,628 2,917,628 020 - Capital Improvement Fund Total 7,528,663 (2,496,246) 5,032,417 Village of Mount Prospect Budget Amendment No. 5 Fiscal Year January 1, 2025 to December 31, 2025 Expenditures Increase / Fund/Account Number Current Budget (Decrease) Amended Budget 023 - Street Improvement Construc Fund Amended Accounts 023.80.90.00.0.705.678.003 - Resurfacing -SC Fund 4,745,466 (300,977) 4,444,489 023.80.90.00.1.704.678.009 - Street Reconstruction 1,538,683 (1,432,248) 106,435 Amended Accounts Total 6,284,149 (1,733,225) 4,550,924 Other Other Budgeted Accounts for the Fund 145,000 145,000 Other Total 14S,000-- "" " 145,000 023 - Street Improvement Construc Fund Total 6,429,149 (1,733,225) 4,695,924 024 - Flood Control Construction Fund Amended Accounts 024.80.01.00.1.702.530.006 - Other Prof. Serv. 203,661 (147,583) 56,078 024.80.90.00.0.702.672.009 - Detention Basin Repairs 300,000 (300,000) 024.80.90.00.0.702.677.007 - Weller Creek Imp 25,600 (21,789) 3,811 024.80.90.00.1.703.677.005 - Detention Pond Improv 325,000 (63,390) 261,610 Amended Accounts Total 854,261 (532,762) 321,499 Other Other Budgeted Accounts for the Fund 1,262,800 1,262,800 Other Total 1,262,800 1,262,800 024 - Flood Control Construction Fund Total 2,117,061 (532,762) 1,584,299 049 -Prospect and Main TIF District Amended Accounts 049.40.45.00.0.000.636.019 - Developer Incentives 5,180,000 (780,000) 4,400,000 049.80.90.00.1.704.641.001 - Corridor Improv 1,425,000 (199,799) 1,225,201 Amended Accounts Total 6,605,000 (979,799) 5,625,201 Other Other Budgeted Accounts for the Fund 8,192,738 8,192,738 Other Total 8,192,738 8,192,738 049 - Prospect and Main TIF District Total 14,797,738 (979,799) 13,817,939 050 - Water and Sewer Fund Amended Accounts 050.80.90.00.1.700.665.079 - SCADA Wireless Telemetry 50,000 (50,000) 050.80.90.00.1.700.671.001 -Tank Repair/Ren 662,933 (158,208) 504,724 050.80.90.00.1.700.671.003 - Water Main Repl 6,652,931 (183,700) 6,469,231 050.80.90.00.1.700.671.005 - Deep Well Rehab 535,000 (240,596) 294,405 050.80.90.00.1.701.672.001- Basin 14 Foot Tile/OH Sewer Prog 952,704 (582,404) 370,300 Amended Accounts Total 8,853,568 (1,214,908) 7,638,660 Other Other Budgeted Accounts for the Fund 21,645,472 21,645,472 Other Total 21,645,472 21,645,472 050 - Water and Sewer Fund Total 30,499,040 (1,214,908) 29,294,132 Village of Mount Prospect Budget Amendment No. 5 Fiscal Year January 1, 2025 to December 31, 2025 Expenditures Increase / Fund/Account Number Current Budget (Decrease) Amended Budget 061 -Vehicle Replacement Fund Amended Accounts 061.70.90.00.1.708.660.005 - Fire Vehicles 2,100,000 (2,005,000) 95,000 061.80.90.00.1.708.660.006 - PW Vehicles 2,302,000 (622,295) 1,679,705 Amended Accounts Total 4,402,000 (2,627,295) 1,774,705 Other Other Budgeted Accounts for the Fund 914,134 914,134 Other Total 914,134 914,134 061- Vehicle Replacement Fund Total 5,316,134 (2,627,295) 2,688,839 Amended Funds Total 161,185,382 (12,599,453) 148,585,928 Other Funds Other Funds Other Other Budgeted Accounts for the Fund 35,396,245 35,396,245 Other Total 35,396,245 35,396,245 Other Funds Total 35,396,245 35,396,245 Other Funds Total 35,396,245 - 35,396,245 Total All Funds 196,581,627 12,599,453 183,982,173