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Home My WebLink About6.4 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, 2026, AND ENDING DECEMBER 31, 2026.MORA r Item Cover Page Subject 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, 2026, AND ENDING DECEMBER 31, 20260 Meeting Fiscal Impact (Y/N) Dollar Amount Budget Source Category Type Infnrmatinn April 21, 2026 - REGULAR MEETING OF THE MOUNT PROSPECT VILLAGE BOARD CONSENT AGENDA Ordinance The Village amends its annual budget from time to time, as needed. Village staff are proposing the following amendments to the adopted annual budget for fiscal year 2026. Ili-qmm—ginn Water and Sewer Fund The Village's Community Investment Plan currently schedules the elevated water tank painting project for 2029. However, recent development activity associated with Block 56 may necessitate the relocation of cell tower antennas from the ill E. Busse property to the elevated water tank. To minimize potential service disruptions and avoid future rework, staff recommends advancing the tank painting project prior to the antenna relocation. An engineering contract for this project will be presented to the Village Board for approval in the near future. This amendment increases the engineering budget for the project by $150,000. Vehicle Replacement Fund Vehicle 318 (2018 Ford Escape) and Vehicle 324 (2017 Ford Escape) have both experienced transmission failures. Vehicle 324 was scheduled for replacement in 2027, while Vehicle 318 was scheduled for replacement in 2025. In both cases, the cost of repair exceeds the vehicles' current book value. Both vehicles are used by the Building and Inspection Services Department for inspections. Given that both vehicles were already nearing the end of their useful life, staff recommends replacement in 2026 rather than incurring additional repair costs. Both vehicles will be sold at auction in as -is condition. Sufficient funds have already been accumulated within the fund to support these replacements. This amendment increases the Vehicle Purchase line item by $631,410. In addition, the Police Department is in the process of upfitting two additional squad vehicles to support the reinstated traffic unit program. The following equipment, not included in the original budget, is required: • Panasonic Toughbooks computers (2 units): $8,290 • Havis docking stations (2 units): $2,026 • Printers (2 units): $2,200 • AEDs (2 units): $3,478 • Decatur moving radar units (2 units): $3,670 • Stalker II handheld radar units (2 units): $1,853 Total: $21f517 To accommodate these costs, the amendment increases the police vehicle purchase and upfitting line item by $22,000. Current funds and cash balances are sufficient to support these amendments. Staff recommends approval of Budget Amendment No. 2 for Fiscal Year 2026. Altp-mativps 1. Waive the rules requiring two readings of an ordinance and adopt the attached ordinance approving the proposed budget amendments for the fiscal year 2026, increasing the budget by $2351,410. 2. Action at the discretion of the Village Board. Staff Recommendation Staff recommends waiving the rules requiring two readings of an ordinance and adopting the ordinance approving the proposed budget amendment for the fiscal year 2026, increasing the budget by $235,410. Attachments 1. 2026 Budget Amendment 2 - Final ORDINANCE NO. 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 day of , 2026 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the day of , 2026. ORDINANCE NO. 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 311 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 passed and approved Ordinance No. 6835 on March 16, 2026 amending the annual budget for the fiscal year commencing January 1, 2026 and ending December 31, 2026; 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. 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, 2026, through December 31, 2026, 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: ABSENT: PASSED and APPROVED this day of 12026. Paul Wm. Hoefert Mayor ATTEST Karen Agoranos Village Clerk Village of Mount Prospect Budget Amendment No. 2 Fiscal Year January 1, 2026 to December 31, 2026 Expenditures Increase / Fund/Account Number Current Budget (Decrease) Amended Budget iimended I,,,, u n s - Water and Sewer IFund Amended Accounts 050.80.90.00.1.700.671.008 - Elevated Tank - 150,000 150,000 Amended Accounts Total - 1500000 1500000 Other Other Budgeted Accounts for the Fund 28,220,942 - 28,220,942 Other Total 28,220,942 - 28,220,942 - Water and SewerlFun TtIII 28y2200942 150P000 28p3700942 - Vehicle Replacement IFund Amended Accounts 061.40.90.00.1.708.660.014 - CD Bldg Vehicles 46,000 63,410 109,410 061.60.90.00.1.708.660.003 - Police Vehicles 443,697 22,000 465,697 Amended Accounts Total 489,697 85,410 575,107 Other Other Budgeted Accounts for the Fund 3,384,295 - 3,384,295 Other Total 3,384,295 - 3,384,295 061 - Vehicle Replacement IFund Total 3,,873y992 85,w410, , Amended Funds Total 32,094,934 235,410 32,330,344 Other 1:::'uInds Other Funds Other Other Budgeted Accounts for the Fund 176,743,351 - 176,743,351 Other Total 176,743,351 - 176,743,351 Other Funds Total , ,3° 1 1' ,' 3,351 Other Funds Total 176,743,351 - 176,743,351 Total All Funds 208,838,285 235,410 209,073,695