HomeMy WebLinkAboutOrd 5720 12/16/2008
ORDINANCE NO. 5720
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2008
AND ENDING DECEMBER 31, 2008
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 16th day of December, 2008
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 1 ih day of December, 2008.
ORDINANCE NO. 5720
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2008
AND ENDING DECEMBER 31,2008
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, 2008 and ending December 31, 2008 was
adopted through the passage of Ordinance No. 5672 approved by the Corporate Authorities of the
Village of Mount Prospect on December 18,2007; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance No. 5697 on June 3, 2008, amending the annual budget for the fiscal
year commencing January 1, 2008 and ending December 31, 2008; 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, 2008 and ending December 31, 2008; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the
changes, as specified on the attached January 1, 2008 through December 31, 2008 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 No.2, attached hereto.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE
EXERCISE OF THEIR HOME RULE POWERS:
SECTION ONE: That the fiscal year budget for January 1,2008 through December 31, 2008 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:
Juracek, Kom, Matuszak, Polit
NA YES:
None
ABSENT:
Hoefert, Zadel
PASSED and APPROVED this 16th day of December, 2008.
b-*l)/~
Irva a K. Wilks
Mayor
ATTEST
~//1~~G'nf
M. LIsa Angell . .
Village Clerk
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2008 through December 31,2008
Revenues
Original Amended
Revenue Increase Revenue
F und/Program/Classification Account # Account Description Estimate (Decrease) Estimate
General Fund (001)
Property Taxes 400200 Property Taxes - Prior 75,000 150,000 225,000
Property Taxes 400373 Property Taxes - Fire Pen 0 50,000 50,000
Other Taxes 410150 Home Rule Sales Tax 1,280,000 (30,000) 1,250,000
Other Taxes 410400 Food & Beverage Tax 798,500 (38,500) 760,000
Other Taxes 414000 Real Estate Transfer Tax 785,000 (25,000) 760,000
Other Taxes 415000 Hotel/Motel Tax 60,000 (15,000) 45,000
Licenses, Permits & Fees 421100 Building Permits 433,000 (78,000) 355,000
Licenses, Permits & Fees 421600 Reinspection Fees 50,000 10,000 60,000
Licenses, Permits & Fees 421900 Stormwater Detention Fee 80,000 (80,000) 0
Licenses, Permits & Fees 422500 Nuisance Abatement Fee 0 36,000 36,000
Licenses, Permits & Fees 422600 Utility Permit Fees 0 2,500 2,500
Licenses, Permits & Fees 423000 Landlord/Tenant Fees 212,000 28,000 240,000
Intergovemmental Revenues 430000 State Sales Tax 8,670,000 630,000 9,300,000
Intergovernmental Revenues 430100 Income Tax 5,126,000 174,000 5,300,000
Intergovernmental Revenues 430400 State Use Tax 710,000 40,500 750,500
Intergovernmental Revenues 431000 Replacement Tax - R&B 2,000 8,000 10,000
Intergovernmental Revenues 434400 IL Housing Authority Grant 0 32,000 32,000
Intergovernmental Revenues 434402 RT A Grant 125,000 (50,000) 75,000
Intergovernmental Revenues 434407 Dept. of Aging Grant 0 200,000 200,000
Intergovernmental Revenues 435900 Other Grants 40,000 73,000 113,000
Charges for Service 441200 Ambulance Billing Fees 927,000 (177,000) 750,000
Fines & Forfeits 450100 Parking Fines 260,000 40,000 300,000
Fines & Forfeits 450200 Local Ordinance Fines 7,500 17,500 25,000
Investment Income 460800 Bank Account Interest 17,000 47,000 64,000
Investment Income 460810 Sweep Account Interest 12,000 18,000 30,000
Investment Income 464001 IMET Interest 54,000 (53,000) 1,000
Other Revenue 486050 Sister City Events 0 3,000 3,000
19,724,000 1.013,000 20,737,000
All other General Fund accounts 19,653,831 0 19,653,831
Total General Fund 39,377,831 1,013,000 40,390,831
Motor Fuel Tax Fund (050)
Intergovemmental Revenue 432000 State MFT 1,664,000 (96,000) 1.568,000
Investment Income 460100 Interest Income 14,000 6,000 20,000
Reimbursements 472100 MFT Projects 4,000 8,000 12,000
1,682,000 (82,000) 1,600.000
All other Motor Fuel Tax Fund accounts 3,000 0 3,000
Total Motor Fuel Tax Fund 1,685,000 (82.000) 1,603,000
IEPA Flood Control Loans (380)
Other Taxes 410100 Home Rules Sales Tax 332,288 (30,000) 302,288
332,288 (30,000) 302,288
All other IEPA Flood Control Fund accounts 0 0 0
TotallEPA Flood Control Fund accounts 332,288 (30,000) 302,288
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1,2008 through December 31,2008
Revenues
Original Amended
Revenue Increase Revenue
F und/Program/Classification Account # Account Description Estimate (Decrease) Estimate
Capital Improvement Fund (510)
Other Taxes 410250 Home Rules Sales Tax 1,180,000 (30,000) 1,150,000
Intergovernmental 434201 DCEO Grant 75,000 (56,250) 18,750
Intergovernmental 434305 FEMA Grant 164,800 (164,800) 0
Other Revenue 485000 Developer Donations 0 25,000 25,000
Other Financing Sources 490550 Transfer In 0 721,000 721,000
1,419,800 494,950 1,914,750
All other Capital Improvement Fund accounts 19,000 0 19,000
Total Capital Improvement Fund 1,438,800 494,950 1,933,750
Downtown Redevelopment Construction (550)
Other Financing Sources 494100 Bond Proceeds 2,500,000 (2,500,000) 0
2,500,000 (2,500,OOO) 0
All other Downtown Redevelopment Fund accounts 1,421,500 0 1 ,421,500
Total Downtown Redevelopment Fund 3,921,500 (2,500,000) 1,421,500
Flood Control Construction Fund (590)
Licenses, Permits & Fees 421900 Stormwater Retention 0 80,000 80,000
0 80,000 80,000
All other Flood Control Construction Fund accounts 10,000 0 10,000
Total Flood Control Construction Fund 10,000 80,000 90,000
Water & Sewer Fund (610)
Investment Income 460100 Interest Income 145,000 45,000 190,000
Other Revenue 480900 Misc. Income 15,000 15,000 30,000
160,000 60,000 220,000
All other Water & Sewer Fund accounts 11,416,500 0 11,416,500
Total Water & Sewer Fund 11,576,500 60,000 11,636,500
Risk Management Fund (690)
Charges for Service General Fund Charge 833,132 (211,132) 622,000
Charges for Service Water Fund Charge 129,146 (24,146) 105,000
Charges for Service General Fund Charge-Med 3,587,148 (442,148) 3,145,000
Charges for Service Water Fund Charge-Med 304,802 (36,802) 268,000
4,854,228 (714,228) 4,140,000
All other Risk Management Fund accounts 1,894,043 0 1,894,043
Total Risk Management Fund 6,748,271 (714,228) 6,034,043
Police Pension (710)
Investment Income 462040 Realized Gains/Losses-C 20,000 (105,OOO) (85,OOO)
Investment Income 463016 Unrealized Gain/Loss-C 100,000 (190,000) (90,000)
Investment Income 463017 Unrealized Gain/Loss-S 200,000 (340,000) (140,000)
Investment Income 464000 Market Gain on Equities 1,120,000 (5,120,0OO) (4,OOO,000)
1,440,000 (5,755,OOO) (4,315,000)
All other Police Pension Fund accounts 3,343,500 0 3,343,500
Total Police Pension Fund 4,783,500 (5,755,000) (971,500)
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Fund/Program/Classification
Fire Pension (720)
Investment Income
Investment Income
Investment Income
Investment Income
All other Fire Pension Fund Accounts
Total Fire Pension Fund
Total Estimated Revenues
Funds being changed
All other Village Budget accounts
Total Estimated Revenues After Changes
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2008 through December 31,2008
Account #
462040
463016
463017
464000
Revenues
Account Description
Realized Gains/Losses-C
Unrealized Gain/Loss-C
Unrealized Gain/Loss-S
Market Gain on Equities
3
Original Amended
Revenue Increase Revenue
Estimate (Decrease) Estimate
20,000 (125,000) (105,000)
150,000 (310,000) (160,000)
200,000 (375,000) (175,000)
1,120,000 (5,220,000) (4,100,000)
1,490,000 (6,030,000) (4,540,000)
3,286,300 0 3,286,300
4,776,300 (6,030,000) (1,253,700)
74,649,990
13,712,115
(13,463,278) 61,186,712
o 13,712,115
88,362,105
(13,463,278) 74,898,827
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1,2008 through December 31,2008
Expenditures
Current Amended
Budget Increase Budget
Fund/Program/Classification Account # Account Description Amount (Decrease) Amount
General Fund (001)
Public Representation - Mayor and Board of Trustees
Contractual Services 0010102-540185 Special Projects 4250 42,750 47,000
VMO - Legal
Contractual Services 0011102-540085 Legal - General CounSel 385,000 100,000 485,000
Contractual Services 0011102-540215 Postage 0 1,000 1,000
VMO - Public Information
Contractual Services 0011105-540110 Other Professional Services 38,525 12,000 50,525
Finance Department - Administration
Personal Services 0011701-500650 Sick Leave Incentive 0 2,000 2,000
Contractual Services 0011701-540225 Other Services 16,500 23,500 40,000
Contractual Services 0011701-540226 Bank Processing Fees 7,500 42,500 50,000
Commodities & Supplies 0011701-570090 Paper & Supplies 6,375 2,625 9,000
Finance Department - Insurance
Insurance 0011705-560102 Liability Insurance 264,533 (37,533) 227,000
Community Development - Administration
Contractual Services 0012101-540262 Neighborhood Resource Center 25,000 43,000 68,000
Community Development - Planning & Zoning
Contractual Services 0012102-540282 First Time Homeowners 22,000 10,000 32,000
Contractual Services 0012102-540284 RT AP Grant 150,000 (60,000) 90,000
Community Development - Economic Development
Contractual Services 0012103-540249 Randhurst Economic Development 0 42,000 42,000
Human Services - Administration
Commodities & Supplies 0013101-570080 Other Supplies 1,500 68,500 70,000
Police Department - Administration
Personal Services 0014101-500000 Full-Time Earnings 731,960 64,040 796,000
Personal Services 0014101-500700 Vacation/Personal Incentive 45,000 65,000 110,000
Personal Services 0014101-500750 Retiree Sick Incentive 63,800 6,200 70,000
Fire Department - Operations
Personal Services 0014202-500300 Overtime 332,150 117,850 450,000
Other Equipment 0014202-670014 Paramedic Equipment 20,000 70,000 90,000
Fire Department - Equipment Maintenance
Commodities & Supplies 0014206-570635 Vehicle Fuel - Gas 44,200 22,800 67,000
Public Works. Streets
Personal Services 0015102-500300 Overtime 36,266 8,734 45,000
Utilities 0015102-550100 Natural Gas/Heat 100,000 (25,000) 75,000
Public Works - Street Maintenance
Personal Services 0015104-500300 Overtime 40,151 9,849 50,000
Contractual Services 0015104-540705 Refuse Disposal 5,624 4,376 10,000
Public Works. Snow Removal
Personal Services 0015105-500300 Overtime 125,000 180.000 305,000
Contractual Services 0015105-540555 Snow Removal - Contractual 50,000 50,000 100,000
Public Works - Maintenance of State Highways
Personal Services 0015108-500300 Overtime 3,502 11 ,498 15,000
Public Works - Flood Control
Personal Services 0015112-500300 Overtime 0 65,000 65,000
Employee Benefits 0015112-510000 Social Security 0 3,500 3,500
Employee Benefits 0015112-510100 Medicare 0 1,000 1,000
Employee Benefits 0015112-510200 IMRF 0 5,000 5,000
Contractual Services 0015112-540225 Other Services 0 115,000 115,000
Commodities & Supplies 0015112-570080 Other Supplies 0 5,000 5,000
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2008 through December 31, 2008
Expenditures
Current Amended
Budget Increase Budget
Fund/Program/Classification Account # Account Description Amount (Decrease) Amount
General Fund (001) (cant.)
Public Works - Forestry
Personal Services 0015202-500300 Overtime 18,530 5,470 24,000
Community Service Programs
Contractual Services 0016103-540225 Other Services 925 3,075 4,000
Contractual Services 0016103-540960 Street Banner Installation 4,500 3,000 7,500
Contractual Services 0016103-540965 Fireworks/Lions Club 3,500 16,000 19,500
Commodities & Supplies 0016103-570810 Supplies for Parade/Block Party 7,900 2,100 10,000
Non-Departmental
Interfund Transfers 0018901-800230 Transfer Out 0 721,000 721,000
2,554,191 1,822,834 4,377,025
All other General Fund accounts 37,625,330 0 37,625,330
Total General Fund 40,179,521 1,822,834 42,002,355
Refuse Fund (030)
Refuse Disposal
Commodities & Supplies 0305601-570775 Recycling Supplies 5,700 6,300 12,000
5,700 6,300 12,000
All other Refuse Fund accounts 4,129,531 0 4,129,531
Total Refuse Fund 4,135,231 6,300 4,141,531
Motor Fuel Tax Fund (050)
Streets/Buildings
Commodities & Supplies 0505105-570540 SalUCalcium Chloride 150,000 110,000 260,000
150,000 110,000 260,000
All other Motor Fuel Tax Fund accounts 1,687,002 0 1,687,002
Total Motor Fuel Tax Fund 1,837,002 110,000 1,947,002
Asset Seizure Fund (080)
Other Employee Costs 0804104-520000 Training 0 8,000 8,000
Other Equipment 0804104-670151 Other Equipment 1,000 19,000 20,000
1,000 27,000 28,000
All other Asset Seizure Fund accounts 0 0 0
Total Asset Seizure Fund 1,000 27,000 28,000
DEA Shared Funds Fund (085)
Other Equipment 0854102-670151 Other Equipment 1,000 34,000 35,000
1,000 34,000 35,000
All other DEA Shared Funds Fund accounts 0 0 0
Total DEA Shared Funds Fund 1,000 34,000 35,000
DUI Fine Fund (086)
Other Employee Costs 0864102-520000 Training 500 9,500 10,000
Other Equipment 0864102-670151 Other Equipment 1,000 24,000 25,000
1,500 33,500 35,000
All other DUI Fine Fund accounts 0 0 0
Total DUI Fine Fund 1,500 33,500 35,000
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VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2008 through December 31, 2008
Expenditures
Current Amended
Budget Increase Budget
F und/Program/Classification Account # Account Description Amount (Decrease) Amount
Foreign Fire Tax Board Fund (095)
Contractual Services 0954210-540225 Other Services 0 4,000 4,000
Commodities & Supplies 0954210-570080 Other Supplies 0 4,000 4,000
Other Equipment 0954210-670009 Furniture & Equipment 10,000 20,000 30,000
10,000 28,000 38,000
All other Foreign Fire Tax Board accounts 500 0 500
Total Foreign Fire Tax Board Fund 10,500 28,000 38,500
Capital Improvement Fund (510)
Village Improvements & Equipment
Building Improvements 5107701-640038 Architect - Fire Station #14 0 215,000 215,000
Building Improvements 5107701-640041 Architect- EOC 0 58,000 58,000
Building Improvements 5107701-640042 Architect - Public Works Expansion 0 88,000 88,000
Office Equipment 5107701-650025 P&F UPS Batteries 0 35,000 35,000
0 396,000 396,000
All other Capital Improvement Fund accounts 1,654,575 0 1,654,575
Total Capital Improvement Fund 1,654,575 396,000 2,050,575
Downtown Redevelopment Construction Fund (550)
Contractual Services 5507703-540030 Relocation Expense 0 175,000 175,000
Other Expenditures 5507703-590755 Norwood Incentive 0 91,310 91,310
0 266,310 266,310
All other Downtown Redevelopment Fund accounts 5,394,950 0 5,394,950
Total Downtown Redevelopment Fund 5,394,950 266,310 5,661,260
Flood Control Construction Fund (590)
Infrastructure 5907704-690114 Drainage Improvements 0 5,000 5,000
0 5,000 5,000
All Other Flood Control Construction Fund accounts 515,000 0 515,000
Total Flood Control Construction Fund 515,000 5,000 520,000
Water and Sewer Fund (610)
Utilities 6105504-550200 Electricity 80,000 40,000 120,000
80,000 40,000 120,000
All Other Water and Sewer Fund accounts 12,772,593 0 12,772,593
Total Water and Sewer Fund 12,852.593 40,000 12,892,593
Village Parking System Fund (620)
Commodities & Supplies 6205110-570080 Other Supplies 500 1,500 2,000
500 1,500 2,000
All Other Village Parking System Fund accounts 121,769 0 121,769
Total Village Parking System Fund 122,269 1,500 123.769
&:.
VILLAGE OF MOUNT PROSPECT
Budget Amendment No.2
Fiscal Year January 1, 2008 through December 31, 2008
Expenditures
Current Amended
Budget Increase Budget
F und/Program/Classification Account # Account Description Amount (Decrease) Amount
Vehicle Maintenance Fund (660)
Personal Services 6605702-500300 Overtime 61,740 8,260 70,000
Contractual Services 6605702-540615 Equipment Maintenance 72,456 12,544 85,000
Commodities & Supplies 6605702-570645 Vehicle Maintenance Supplies 160,000 30,000 190,000
Commodities & Supplies 6605702-570635 Vehicle Fuel - Gas 315,000 100,000 415,000
609,196 150,804 760,000
All other Vehicle Maintenance Fund accounts 963,932 0 963,932
Total Vehicle Maintenance Fund 1,573,128 150,804 1,723,932
Risk Management Fund (690)
Insurance 6908501-560204 Workers' Compensation Claims 600,000 100,000 700,000
Insurance 6908502-560112 Medical HMO 1,478,584 (148,584) 1,330,000
Insurance 6908501-560204 Workers' Compensation Claims 3,807,829 (383,829) 3,424,000
5,886,413 (432,413) 5,454,000
All other Risk Management Fund accounts 881,558 0 881,558
Total Risk Management Fund 6,767,971 (432,413) 6,335,558
Police Pension Fund (710)
Pension Benefits 7108202-530100 Retirement Pensions 1,935,000 175,000 2,110,000
Pension Benefits 7108202-530200 Disability Pensions 226,000 114,000 340,000
Pension Benefits 7108202-530911 Pension Portability Expense 0 34,000 34,000
2,161,000 323,000 2,484,000
All other Police Pension accounts 419,050 0 419,050
Total Police Pension Fund 2,580,050 323,000 2,903,050
Fire Pensions (720)
Pension Benefits 7208203-530100 Retirement Pensions 1,829,000 21,000 1,850,000
1,829,000 21,000 1,850,000
All other Police Pension accounts 954,500 0 954,500
Total Police Pension Fund 2,783,500 21,000 2,804,500
Total Village Budget
Funds being changed 80,409,790 2,832,835 83,242,625
All other Village Budget Accounts 10,215,679 0 10,215,679
Total Village Budget after Changes 90,625,469 2,832,835 93,458,304
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