HomeMy WebLinkAboutOrd 6835 03/16/2026 Amendments To The Annual Budget Adopted For The Fiscal Year Commencing January 1, 2026 And Ending December 31, 2026ORDINANCE NO. 6835
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2026
AND ENDING DECEMBER 31, 2026
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. 6836
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2026
AND ENDING DECEMBER 31, 2026
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, 2026, and ending December
31, 2026, was adopted through the passage of Ordinance No. 6814 approved by the
Corporate Authorities of the Village of Mount Prospect on November 19, 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, 2026, and ending December 31, 2026, and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe
the changes, as specified on the attached January 1, 2026, through December 31, 2026,
Budget Amendment No. 1 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 One, 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, 2026, through December 31,
2026, for the Village of Mount Prospect is hereby amended, as detailed on Budget
Amendment No. 1 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 ,, 2026.
...... . ...
Paul Win. et&t
Mayor
ATTEST
_......_. Karen Agoranos
Village Clerk
Village of Mount Prospect
Budget Amendment No. 1
Fiscal Year January 1, 2026 to December 31, 2026
Expenditures
Increase /
Fund/Account Number
Current Budget
(Decrease)
Amended Budget
Amended Funds
001 - General Fund
Amended Accounts
001.00.00.00.0.000.636.004 - Property Acquisition
-
1,450,000
1,450,000
001.20.23.00.0.000.523.001-Tuition Reimbursements
6,000
4,750
10,750
001.60.01.00.0.000.561.004 - Cloud -Based Service
227,000
57,000
284,000
001.60.01.00.0.000.621.003 - Training Supplies
12,730
1,000
13,730
001.60.01.00.0.252.665.049 - Visa Bar Unitrols
2,835
2,800
5,635
001.60.01.00.0.252.668.003 - Radio Equip -Police
4,950
4,000
8,950
001.60.61.65.0.000.603.001- Clothing Supplies
32,135
6,000
38,135
001.60.61.65.0.000.621.001- Protective Clothing
40,880
10,000
50,880
001.60.61.65.0.000.621.005 - Ammunition & Targets
42,230
15,000
57,230
001.60.61.66.0.000.530.006 - Other Prof. Serv.
13,300
3,000
16,300
001.80.90.00.0.704.674.001- Intersection Studies
-
2,074,320
2,074,320
001.80.90.00.1.705.675.009 - Sidewalk Imp Program (CIP)
350,000
288,098
638,098
001.80.90.00.1.705.676.001- Streetlight Improv
549,250
549,250
Amended Accounts Total
732,060
4,465,218
5,197,278
Other
Other Budgeted Accounts for the Fund
85,639,890
85,639,890
Other Total
85,639,890
-
85,639,890
001- General Fund Total
86,371,950
4,465,218
90,837,168
020 - Capital Improvement Fund
Amended Accounts
020.40.90.00.0.710.636.007 - Facade Program
200,000
762,282
962,282
020.80.90.00.0.706.645.020 - Facility Improvements
80,850
100,000
180,850
020.80.90.00.1.704.636.033 - Central Road Ped Crossing
151,290
151,290
020.80.90.00.1.705.676.007 - Corridor Streetlight Improvement
780,000
4,652
784,652
020.80.90.00.1.705.676.008 - Res Streetlight Improv
350,000
214,064
564,064
020.80.90.00.1.705.679.002 - Ped Bridge - Melas/Mead
8,346,278
27,784
8,374,062
020.80.90.00.1.705.679.027 - Bike Path Improvements
3,304,500
928,539
4,233,039
020.80.90.00.1.706.648.020 - Facility Improvements
43,350
40,000
83,350
020.80.90.00.1.706.649.020 - Facility Imp
124,320
40,000
164,320
020.80.90.00.1.706.651.001- Other Public Buildings
165,000
33,335
198,335
020.80.90,00.1.706.651.010 - Repl HVAC-Pub Bldgs
157,305
69,300
226,605
020.80.90.00.1.707.651.006 - Connectivity
-
125,000
125,000
Amended Accounts Total
13,551,603
2,496,246
16,047,849
Other
Other Budgeted Accounts for the Fund
1,726,859
1,726,859
Other Total
1,726,859
1,726,859
020 - Capital Improvement Fund Total
15,278,462
2,496,246
17,774,708
Village of Mount Prospect
Budget Amendment No. 1
Fiscal Year January 1, 2026 to December 31, 2026
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
5,605,579
300,977
5,906,556
023.80.90.00.1.704.678.009 - Street Reconstruction
13,229,250
1,432,248
14,661,498
Amended Accounts Total
18,834,829
1,733,225
20,568,054
Other
Other Budgeted Accounts for the Fund
450,000
450,000
Other Total
450,000
450,000
023 - Street Improvement Construc Fund Total
19,284,829
1,733,225
21,018,054
024 - Flood Control Construction Fund
Amended Accounts
024.80.01.00.1.702.530.006 - Other Prof. Serv.
147,583
147,583
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
21,789
21,789
024.80.90.00.1.703,677.005 - Detention Pond Improv
63,390
63,390
Amended Accounts Total
532,762
532,762
Other
Other Budgeted Accounts for the Fund
234,201
-
234,201
Other Total
234,201
234,201
024 - Flood Control Construction Fund Total
234,201
S32,762
766,963
037 - SMP TIF Fund
Amended Accounts
037.80.90.00.1.636.004 - Property Acquisition
2,100,000
2,100,000
Amended Accounts Total
2,100,000
2,100,000
Other
Other Budgeted Accounts for the Fund
870,000
870,000
Other Total
870,000
-
870,000
037 - SMP TIF Fund Total
870,000
2,100,000
2,970,000
049 - Prospect and Main TIF District
Amended Accounts
049.40.45.00.0.000.636.019 - Developer Incentives
2,750,000
780,000
3,530,000
049.80.90.00.1.704.641.001- Corridor Improv
199,799
199,799
Amended Accounts Total
2,750,000
979,799
3,729,799
Other
Other Budgeted Accounts for the Fund
3,072,738
3,072,738
Other Total
3,072,738
3,072,738
049 - Prospect and Main TIF District Total
5,822,738
979,799
6,802,537
Village of Mount Prospect
Budget Amendment No. 1
Fiscal Year January 1, 2026 to December 31, 2026
Expenditures
Increase /
Fund/Account Number Current Budget (Decrease) Amended Budget
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
158,208
158,208
050.80.90.00.1.700.671.003 - Water Main Repl
6,500,000
183,700
6,683,700
050.80.90.00.1.700.671.005 - Deep Well Rehab
240,596
240,596
050.80.90.00.1.701.672.001 - Basin 14 Foot Tile/OH Sewer Prog
470,000
582,404
1,052,404
Amended Accounts Total
6,970,000
1,214,908
8,184,909
Other
Other Budgeted Accounts for the Fund
20,036,034
-
20,036,034
Other Total
20,036,034
-
20,036,034
050 - Water and Sewer Fund Total
27,006,034
1,214,908
28,220,942
061- Vehicle Replacement Fund
Amended Accounts
061.60.90.00.1.708.660.003 - Police Vehicles
061.70.90.00.1.708.660.005 - Fire Vehicles
061.80.90.00.1.708.660.006 - PW Vehicles
335,000 108,697 443,697
116,000 2,005,000 2,121,000
582,000 622,295 1,204,295
Amended Accounts Total 1,033,000 2,735,992 3,768,992
Other
Other Budgeted Accounts for the Fund 105,000 105,000
Other Tota l 105,000 105,000
061 - Vehicle Replacement Fund Total 1,138,000 2,735,992 3,873,992
Amended Funds Total 156,006,214 16,258,151 172,264,365
Other Funds
Other Funds
Other
Other Budgeted Accounts for the Fund
36,573,920
36,573,920
Other Total
36,573,920
36,573,,920'
Other Funds Total
36,573,920
36,573,920
Other Funds Total
36,573,920 -
36,573,920
192,580,134 16,258,151
208,83%285
Total All Funds