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HomeMy WebLinkAboutOrd 5721 12/16/2008 ORDINANCE NO. 5721 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1,2009 AND ENDING DECEMBER 31,2009 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE 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, llIinois the 17th day of December, 2008. ORDINANCE NO. 5721 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1,2009 AND ENDING DECEMBER 31, 2009 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE WHEREAS, the President and Board of Trustees of the Village of Mount Prospect in accordance with State Statutes, have provided for the preparation and adoption of an Annual Budget in lieu of passage of an Appropriation Ordinance; and WHEREAS, the tentative Annual Budget for the Village of Mount Prospect for the fiscal year beginning January I, 2009 and ending December 31, 2009, as prepared by the Budget Officer for the Village and submitted to the President and Board of Trustees, was placed on file in the Office of the Village Clerk on October 3, 2008 for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 4, 2008, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 16,2008, as provided by Statute; and WHEREAS, following said public hearing, said tentative Annual Budget was reviewed by the President and Board ofTrustees and a copy of said tentative Annual Budget is attached hereto and hereby made a part hereof. NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: The Annual Budget for the Village of Mount Prospect for the fiscal year beginning January 1,2009 and ending December 31, 2009, a copy of which is attached hereto and made a part hereof, is hereby approved and adopted as the Annual Budget for the Village of Mount Prospect for said fiscal year. SECTION TWO: Within thirty (30) days following the adoption of this Ordinance there shall be filed with the County Clerk of Cook County a copy thereof duly certified by the Village Clerk and Estimate of Revenues by source anticipated to be received by the Village in the fiscal year beginning January 1,2009 and ending December 31,2009, duly certified by the Chief Fiscal Officer. SECTION THREE: This Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form in the manner provided by law. AYES: Juracek, Koro, Matuszak, Polit NAYS: None ABSENT: Hoefert, Zadel PASSED AND APPROVED this 16th day of December, 2008. ATTEST: ~ .: ~4<4?L!:1 I)!k . """na K Wilks, Mayor / l€?tb~~. cCL_ M. <sa ngon, V ill ago Cl~ RESOLUTION NO. 2008 A RESOLUTION APPROVING AND CERTIFYING THE 2009 BUDGET AND 2008 TAX LEVY DETERMINATION WHEREAS, heretofore the Board of Trustees of the Mount Prospect Public Library, Mount Prospect, Illinois, at open and public meetings have considered the financing requirements of the Mount Prospect Library for the year commencing January 1, 2009; and WHEREAS, the Board of Trustees of the Mount Prospect Public Library has determined the financial requirements of the Mount Prospect Public Library for the ensuing year and has caused to be made, a statement thereof, a copy of which Is attached hereto and marked "Exhibit A,. for inclusion in the 2009 budget of the Village of Mount Prospect; and WHEREAS, the Board of Trustees of the Mount Prospect Public Library has further determined the amount of money which In Its judgment, it will be necessary to levy for library purposes In the 2008 tax levy ordinance to be adopted by the President and Board of Trustees of the Village of Mount Prospect; WHEREAS, expenditures from the LIBRARY FUND shall be under the direction of the Board of Trustees of the Mount Prospect Public Library. WHEREAS, that the amount of money hereby determined by the Board of Trustees of the Mount Prospect Public Library to be necessary for library purposes and to be Included in the 2008 Tax Levy Ordinance of the Village of Mount Prospect (taking Into consideration other Income from accumulations from the prior year, anticipated tax shrinkage, fines, non-resident fees, and maintenance, repairs, and alterations of library buildings and equipment) and for the collection and deposit to the LIBRARY FUND, which Includes funds for the illinois Municipal Retirement Fund pursuant to Section 5/7-171, Chapter 40 of the Illinois Compiled Statutes; and for the maintenance repairs, and alterations of the library buildings and equipment, pursuant to Section 5/3-4 of Chapter 75 of the Illinois Compiled Statutes; and for insurance and audit fees pursuant to Section 5/4-14 of Chapter 75 of the Illinois Compiled Statutes. WHEREAS, In accordance with Chapter 75, Section 5/3-5 of the Illinois Compiled Statutes It is requested that the amount so determIned be levied and collected In like manner with the other general taxes of the Village of Mount Prospect and that such taxes be paid directly by the County Collector to the Library fund. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE MOUNT PROSPECT PUBLIC LIBRARY, VILLAGE OF MOUNT PROSPECT: SECTION ONE: That the financial requirements for library purposes of the Mount Prospect Public Library require the budget for the year commencing January 1,2009, and ending December 31, 2009, the sum of $9,450,626 such to be included within the 2009 Budget of the Village of Mount Prospect, Illinois. SECTION TWO: That the amount of money hereby determined by the Board of Trustees of the Mount Prospect Public Library to be necessary for library purposes and to be Included in the 2008 tax levy and to be levied and collected in like manner with the other general taxes of the Village of Mount Prospect and that such taxes to be paid directly by the,County Collector to the Library Fund: $8,565,204. Expenditures from the Library Fund shall be under the direction of the Board of Trustees of the Mount Prospect Public Library. SECTION THREE: That the Secretary of the Board of Trustees of the Mount Prospect Public Library file a copy of this Resolution, with the Village Clerk of the Village of Mount Prospect, for transmittal to the President and Board of Trustees of the Village of Mount Prospect. SECTION FOUR: That If any part or parts of this Resolution shall be held to be unconstitutional, such unconstitutionality shall not affect the validity of the remaining parts of this Resolution. The Board of Trustees of the Mount Prospect Public Library hereby declares that It would have passed the remaining parts of this Resolution If it had known that such part or parts thereof would be declared unconstitutional. SECTION FIVE: That this Resolution shall be in full force and effect as of October 16,2008. AYES: NAYS: ABSENT: Dale Draznin, Jane Everett, Sylvia Haas, Jackie Hinaber, Dick Tanl, Bill Walters, John Zulaskl None None PASSED THIS 16th day of October, 2008. The undersigned, President of the Board of Trustees of the Mount Prospect Public Library, Village of Mount Prospect, Illinois, does certify that the foregoing Resolution was duly adopted by the vote specified at a legally convened meeting of the Board of Trustees of the Mount Prospect Public Library held at the Mount Prospect Public Library building on the 16th day of October, 2008. O~D. a- Dale Barbara Draznln, President MOUNT PROSPECT PUBLIC LIBRARY EXHIBIT A 2009 Budget and 2008 TaxLevy 2009 Budget 2008 Tax Levy Fund Amount Request LIBRARY GENERAL FUND Salaries & Benefits 4110 Salaries $ 4,326,877 $ 4,270,000 4120 I M R F Pension 302,257 250,000 4130 FICA&M/C 331,006 300,000 4140 Medical Insurance 510,950 425,000 4150 Unemployment Comp 5,000 5,000 Totals $ 5,476,090 $ 5,250,000 Management Expense 4210 Audit $ 3,800 $ 3,500 4220 Legal Fees 20,000 15,000 4230 Printing 48,700 45,000 4240 Community Services - 80,344 70,000 4250 Programs 32,480 25,000 4260 Professional Dues 6,693 6,500 4270 Board 4,000 3,000 4280 Human Resources 60,611 50,000 4290 Other Operating Expense 5,000 2,000 Totals $ 261,628 $ 220,000 Operating Expenses 4310 Telecommunications $ 33,800 $ 30,000 4320 Insurance 85,000 80,000 4340 Office Supplies 31,500 30,000 4350 Library Supplies 29,000 25,000 4360 Postage 21,950 20,000 4370 Consultant Services 5,000 S,OOO 4380 Contract Services 18,225 15,000 4390 Computer Services 35,496 35,000 Totals $ 259,971 $ 240,000 Building Maintenance Costs 4410 Building Maintenance $ 14,850 $ 70,000 4420 Equipment Maintenance 64,550 60,000 4430 Equipment Rental 21,308 25,000 4440 Janitorial 52,736 50,000 4450 Equipment 133,771 130,000 4460 Utilities 126,000 125,000 Totals $ 479,215 -$ 460,000 (Continued On the Next Page) 1 nf") Po "'AD MOUNT PROSPECT PUBLIC LIBRARY EXHIBIT A 2009 Budget and 2008 Tax Levy 2009 Budget 2Q08 TalC Levy Fund Amount Request LIBRARY GENERAL FUND (Continued) Library Materials 4610 Adult Print $ 245,500 $ 240,000 4620 Adult A V 102,300 100,000 4630 Y outb Print 151,000 145,000 4640 YouthAV 54,000 50,000 4650 Subscriptions 23,100 20,000 4660 Electronic Resources 127,272 125.000 4661 Electronic Media 7.560 5,000 4662 Electronic Services 13,156 10,000 4670 Microform 22,700 20,000 4680 Processing Supplies 46,200 40,270 Totals $ 792,788 $ 755,270 GENERAL FUND TOTALS $ 7,269,692 $ 6,9ZS,270 DEBT SERVICE FUND 3701 Interest Payments $ 734,934 734,934 3711 Principal Payments 895,000 895,000 3800 Fiscal Agent Fees 1,000 DEBT SERVICE FUND TOTALS $ 1,630,934 $ 1,629,934 BUILDING & EQUIPMENT FUND 7705 Building and Grounds $ $ 7730 Library Equipment 217,100 7735 Library Furnishing 37,000 7750 Other Building Projecs 70,900 7760 Trans To Library Operating Fund 125,000 BUILDING FUND TOTALS $ 450,000 $ GIFT FUND 8740 Library Special Projects $ 60,000 $ 8990 Contingencies 40,000 GIFT FUND TOTALS $ 100,000 $ ALL FUNDS - TOTALS $ 9,450,626 $ 8,555,204 2008 TAX LEVY SUMMARY Levy Total Re9uest 2% Loss Tax Levy Library Fund Levy $ . 6,925,270 $ 138,505 $ 7.063,775 Library Bonds & Interest Levy 1,629,934 32,599 1,662,533 TOTAL LIBRARY TAX LEVY S 8,555,204 $ 171,104 $ 8,726,308 ' "I _~'l n_~_ft VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY TOTAL VILLAGE BUDGET 2007 Actual 2008 Budget 2008 Estimate 2009 Budget 2010 Forecast REVENUES AND OTHER SOURCES Property Taxes 13,121,933 ]3,873,756 ]4,002,000 13,923,000 14,349,000 Other Taxes ]4,843,058 ]5,725,500 15,534,031 15,803,000 ]6,139,4]6 Licenses, Permits & Fees 3,469,781 3,283,900 3,242,000 3,857,000 3,588,000 Intergovernmental Revenue 17,750,586 17,776,476 18,306,622 18,986,4] 4 ] 8,835,201 Charges for Service 20,885,081 22,086,337 2],]74,408 22,435,567 23,244,397 Fines and Forfeits 753,906 598,500 706,028 730,000 730,000 Investment Income 8,751,595 6,702,250 (5,] 10,930) 6,839,000 7,169,000 Reimbursements 269,0]2 220,000 300,455 40],000 488,000 Other Revenue 5,182,236 5,535,386 5,467,656 5,958,952 6,373,03] Interfund Transfers 221,792 - 721,000 1,139,000 - Other Financing Sources 58,473 2,560,000 61,000 11,484,000 60,000 Village Revenues and Olher Sources 85,307,453 88,362,] 05 74,404,270 10],556,933 90,976,045 Mount Prospect Library Revenues 7,703,]68 8,645,501 8,645,50] 9,450,626 (a) Total Revenues and Other Sources 93,0]0,62] 97,007,606 83,049,771 ] 11,007,559 90,976,045 BUDGET EXPENDITURES Village Operating Budget 53,303,655 58,746,648 59,377,250 58,659,976 61,312,106 Village Capita] Budget 5,270,500 13,475,175 11,003,505 22,228,250 10,455,600 Debt Service Budget 4,250,579 4,664,639 4,664,939 1,905,202 1,908,216 Pension Systems Budget 5,233,602 5,409,]50 5,760,500 5,991,500 6,166,000 Intemal Services Budget (b) 7,177,808 8,329,857 7,524,906 8,344,518 8,785,867 Total Village Expenditures 75,236,144 90,625,469 88,331,100 97,]29,446 88,627,789 Mount Prospect Library Budget 7,738,662 8,645,501 8,645,501 9,450,626 (a) Total Expenditures (d) 82,974,806 99,270,970 96,976,601 106,580,072 88,627,789 CHANGES IN FUND BALANCES (d) ~xcess (Deficiency) of Revenues & Other Sources Over Expenditures 10,035,815 (2,263,364) ( 13,926,830) 4,427,487 2,348,256 Fund Balances Start of Budget Year 1 ]9,885,445 ]29,921,260 ]29,921,260 115,994,430 120,421,917 End of Budget Year 129,921,260 127,657,896 115,994,430 120,421,917 122,770,173 Less: Pension Fund Balances ( c ) (85,993,366) (80,584,216) (78,354,136) (82,355,936) (86,812,736) Available Fund Balances 43,927,894 47,073,680 37,640,294 38,065,981 35,957,437 (a) Not available as of December 16,2008. (b) Internal Services Budget includes Vehicle Maintenance Fund and Risk Management Fund. The Equipment Replacement Fund and Computer Replacement Fund are included in the Village Capital Budget. (c) Pension Fund Balances are reserved for pension benefits and not available for appropriation. (d) Does not include the results of operation of the Mount Prospect Library for 2010 Forecast. VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2007 Actual 2008 Budget 2008 Estimate 2009 Budget 2010 Forecast PROPERTY TAXES 13,121,933 13,873,756 14,002,000 13,923,000 14,349,000 OTHER TAXES Home Rule Sales Tax 3,962,295 5,120,000 5,013,031 5,000,000 5,060,416 Food & Beverage Tax 797,730 798,500 760,000 760,000 790,000 Special Service Area Taxes 1,504,501 1,508,500 1,514,000 1,509,000 1,509,000 Property Tax Increment 2,617,155 2,480,000 2,403,500 2,640,000 2,760,000 Real Estate Transfer Tax 789,912 785,000 760,000 760,000 800,000 Utility Taxes 4,620,255 4,474,500 4,633,000 4,682,000 4,764,000 Municipal Motor Fuel Tax 354,141 363,500 270,000 270,000 270,000 Other Taxes 197,069 195,500 180,500 182,000 186,000 14,843,058 ]5,725,500 15,534,031 15,803,000 16,139,416 LICENSES, PERMITS & FEES Vehic]e Licenses 1,396,941 1,405,000 1,405,000 1,405,000 1,405,000 Other Licenses 372,191 355,500 366,000 366,000 366,000 Pennit Fees 625,815 568,500 486,000 1,035,000 739,000 Franchise Fee 476,540 491,000 504,000 530,000 556,000 Other Fees 598,294 463,900 481,000 521,000 522,000 3,469,781 3,283,900 3,242,000 3,857,000 3,588,000 INTERGOVERNMENTAL REVENUE State Sales Tax 8,811,400 8,670,000 9,211,000 9,319,000 9,575,000 State Income Tax 4,980,054 5,126,000 5,266,000 5,424,000 5,586,000 State Motor Fuel Tax 1,634,252 1,664,000 1,568,000 1,568,000 1,568,000 Other State Taxes 1,146,777 1,192,000 1,204,000 1,201,000 1,227,000 Community Devl Block Grant 361,094 666,976 520,000 745,604 509,081 Other Grants 817,009 457,500 537,622 728,810 370,120 17,750,586 17,776,476 18,306,622 18,986,414 18,835,201 CHARGES FOR SERVICE Water & Sewer Charges 8,848,225 9,780,000 9,876,000 10,236,000 10,611,000 Parking Charges 201.215 190,000 212,000 2] 3,000 213,000 Refuse Disposal Charges 2,148,817 2,278,000 2,165,000 2,230,000 2,310,000 Internal Service Fund Charges 8,055,187 8,107,7]2 7,359,234 8,166,067 8,494,397 Other Service Charges 1,631,637 ],730,625 1,562,174 ] ,590,500 1,616,000 20,885,081 22,086.337 21,174,408 22,435,567 23,244,397 FINES AND FORFEITS 753,906 598,500 706,028 730,000 730,000 INVESTMENT INCOME General Fund 479,705 270,000 255,500 402,000 500,000 Pension Funds 7,062,887 5,372,000 (6,050,030) 5,557,000 5,861,000 Other Funds 1,209,003 1,060,250 683,600 880,000 808,000 8,751,595 6,702,250 (5,110,930) 6,839,000 7,169,000 VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY . REVENUES AND OTHER SOURCES BY REVENUE TYPE 2007 2008 2008 2009 2010 Actual Budget Estimate Budget Forecast REIMBURSEMENTS 269,012 220,000 300,455 401,000 488,000 OTHER REVENUE Village Police & Fir!' Pension Contributions 2,682,501 2,970,800 2,891,800 3,112,800 3,392,800 Developer Donations 14,391 Employee & Retiree Contributions 2,127,363 2,306,086 2,323,425 2,446, 152 2,594,231 Other Revenue 357,981 258,500 252,431 400,000 386,000 5,182,236 5,535,386 5,467,656 5,958,952 6,373,031 TOTAL VILLAGE REVENUES 85,027,188 85,802,105 73,622,270 88,933.933 90,916,045 INTERFUND TRANSFERS 221,792 721,000 1,139,000 OTHER FINANCING SOURCES Bond Proceeds 2,500,000 11,424,000 Sale of Property 58.473 60,000 61,000 60.000 60,000 58,473 2,560,000 61,000 11,484,000 60,000 CHANGES IN FUND BALANCES (b) Total Revenues & Other Sources 93,010,621 97,007,606 83,049,771 111,007,559 90,976,045 Total Expenditures 84,939,306 99,270,970 96,976,60 I 106,580,072 88,627,789 Additions to <Use of.> Fund Balances 8,071,315 (2,263,364) (13,926,830) 4,427,487 2,348,256 ANALYSIS OF CHANGES IN FUND BALANCES (b) Additions to Pension Fund Balances 5,741,834 (5,363,550) (5,714,000) (5,945,000) (6,1l9,000) Additions to Other Fund Balances <Use of> Other Fund Balances 2,329,481 3,100,186 (8,212,830) 10,372,487 8,467,256 8,071,315 (2,263,364) (13,926,830) 4,427,487 2,348,256 (a) Figures not available as of December 16,2008. (b) Does not include the Mount Prospect Library for 2010 Forecast. VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY BUDGET EXPENDITURES 2007 2008 2008 2009 2010 Actual Budget Estbnate Budget Forecast VILLAGE OPERATING BUDGET PUBLIC REPRESENTATION 123,985 13],176 179,315 137,304 137,599 VILLAGE ADMINISTRATION Village Manager's Office 2,442,227 2,674,444 2,723,367 2,749,216 2,858,352 Television Services Division 164,810 183,164 189,557 19],413 197,551 Village Clerk's Office 196,055 209,499 204,612 212,076 218,774 Finance Department 1,732,616 1,652,794 1,624,339 1,594,795 1,625,945 Totals 4,535,708 4,719,901 4,741,875 4,747,500 4,900,622 COMMUNITY DEVELOPMENT Community Development 2,01 ],852 2,436,850 2,396,143 2,369,720 2,337,234 Community Deve]opment/CDBG 575,176 771,976 551,891 785,604 549,081 Totals 2,587,028 3,208,826 2,948,034 3,155,324 2,886,315 HUMAN SERVICES DEPARTMENT 752,837 789,947 835,773 1,200,391 1,163,427 PUBLIC SAFETY AND PROTECTION Police Department 13,372,899 ]4,]51,913 13,893,816 14,4]3,022 14,967,506 Fire Department 10,559,619 10,891,123 10,824,207 11,4]8,531 11,858,597 Totals 23,932,518 25,043,036 24,718,023 25,83] ,553 26,826,103 PUBLIC WORKS DEPARTMENT Administration 1,256,587 1,252,565 1,224,643 1,390,732 1,467,456 StreetslBldgs/Parking 3,959,02 ] 2,863,090 3,346,221 3,029,108 3,159,178 Forestry 1,813,546 2,031,911 2,005,315 ],985,371 2,054,826 Engineering 1,212,04] 1,35] ,046 1,327,114 ] ,523,0] 6 1,641,411 WlIterlSewer 8,852,97] 12,852,593 12,841,087 11,034,305 ]2,335,244 Refuse Disposal 3,982,774 4,]35,231 4,100,869 4,196,092 4,313,397 Totals 21,076,940 24,486,436 24,845,249 23,158,624 24,971,512 COMMUNITY & CIVIC SERVICES 28],737 367,326 387,981 429,280 426,528 CONTINGENCIES & EQUITY TRANSFERS 12,902 721,000 VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY BUDGET EXPENDITURES 2007 2008 2008 2009 2010 Actual Budget Estimate Budget Forecast VILLAGE CAPITAL BUDGET Village Improvements & Equip 566,127 1,464,575 1,470,200 1,181,750 1,757,500 Community Improvement Projects 90,000 90,000 163,200 471,400 Downtown Redevelopment Constr 695,463 5,394,000 3,217,000 I ,921 ,250 2,736,000 Flood Control Projects 64,979 515,000 597,305 235,000 495,150 Street Improvement Projects 2,887,386 4,3] 5,200 4,198,200 3,871,000 3,173,000 Motor Equipment Replacement 867,481 1,557,900 1,300,800 2,018,900 1,585,800 Computer Replacement ] 89,064 138,500 130,000 188,150 236,750 Station 14 8,378,000 Emergency Operation Center 2,034,000 Public Works Expansion 2,237,000 Totals 5,270,500 13,475,175 11,003,505 22,228,250 10,455,600 DEBT SERVICE BUDGET Debt Service - Property Tax 1,736,469 1,296,859 1,296,859 1,291,848 ] ,294,860 Debt Service - Tax Increment 1,069,675 1,754,900 1,754,900 Debt Service - Home Rule Sales Tax I 1,430,265 1,612,880 1,613,180 613,354 613,356 Special Service Area Bonds 14,170 Totals 4,250,579 4,664,639 4,664,939 1,905,202 1,908,2]6 PENSION SYSTEMS BUDGET Miscellaneous Pensions 44,533 45,600 46,500 46,500 47,000 Police Pensions 2,519,319 2,580,050 2,900,500 2,993,500 3,066,500 Fire Pensions 2,669,750 2,783,500 2,813,500 2,951,500 3,052,500 Totals 5,233,602 5,409,150 5,760,500 5,991,500 6,166,000 VILLAGE INTERNAL SERVICES BUDGET Vehicle Maintenance Services 1,446,570 ],573,128 ] .724,955 1,671,682 ],734,898 Risk Management Casualty and Property Insurance 724,849 1,182,700 898,700 967,700 949,200 Medical Insurance 5,006,389 5,574,029 4,901 ,251 5,705,136 6,101,769 Totals 7,177,808 8,329,857 7,524,906 8,344,518 8,785,867 MOUNT PROSPECT LIBRARY BUDGET 7,738,662 8,645,501 8,645,501 9,450,626 (a) (a) Figures not available as of December 16,2008. (b) Does not include the Mount Prospect Library for 2010 Forecast. VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2007 2008 2008 2009 2010 Actual Bud2et Estimate Budget Forecast GENERAL FUND 39,942,025 39,377,831 40,346,021 41,635,000 42,392,500 SPECIAL REVENUE FUNDS Refuse Disposal Fund 4,166,124 4,438,000 4,286,000 4,216,000 4,306,000 Motor Fuel Tax Fund 1,705,334 1,685,000 1,646,455 1.812,000 1,749.000 Law Enforcement Block Grant 612 1,000 Community Dev. Block Gmt 575,176 746,976 560,000 785.604 549.081 Asset Seizure Fund 16,133 3,000 3.087 12,000 13,000 DEA Shared Funds Fund 1,486 2,500 28,941 2,000 2,000 DUI Fine Fund 21.382 21,250 16,000 21.000 21,000 Foreign Fire Tax Board Fund 38,106 42,500 41,000 41.000 41,000 6.524,353 6,940,226 6,581,483 6,889,604 6,681.081 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes 1,341,130 1,324,500 1,336.100 1,323,000 1,329,000 G.O. Bonds - Tax Increment 1,167,799 1,208,500 1,153,500 G.O. Bonds - Home Rule Sales Tax 1 1,355,887 1,285,000 1,269,031 1,250,000 898,416 Special Service Area Bonds 795 500 3,865,61 ] 3,8] 8,000 3,759,] 3] 2.573,000 2,227,416 CAPITAL PROJECTS FUNDS Capital Improvement Fund 52,244 1,438,800 1,9 I 6,250 1,374,810 1,324,120 Series 2009 Const Fund 12,784,000 Downtown Redevlpmnt Const 1,564,428 3,921,500 1,305,000 2,675,000 2,784,000 Street Improv Const Fund 1,753,704 1,693,500 1,560,4 I 4 1,530,000 1,540,000 F]ood Control Const Fund 32,430 10,000 95,000 108,500 474,500 3,402,806 7,063,800 4.876,664 18,472,310 6,122,620 ENTERPRISE FUNDS Water And Sewer Fund 10,661,260 1 I ,576,500 11,588.342 11 ,983,000 12,408,000 .' Village Parking System Fund 111,957 144,150 163,000 161,000 161,000 Parking System Revenue Fund 101,800 156,000 161,000 161,000 161,000 10,875,017 11,876,650 11,912,342 12,305,000 12,730,000 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund 1,579,764 1,568,128 1,558,128 1,671,682 1,734,898 Vehicle Replacement Fund 1,396,167 1,212,700 1,117,700 1,159,700 1,219,700 Computer Replacement Fund 197,455 196,699 187,699 220,281 229,446 Risk Management Fund 6,593,352 6,748,271 5,990,332 6,683,556 7,062,584 9,766,738 9,725,798 8,853,859 9,735,219 10,246,628 VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2007 2008 2008 2009 2010 Actual Budget Estimate Budllet Forecast FIDUCIARY FUNDS Police Pension Fund 5,397,857 4,783,500 (902,500) 4,966,500 5,278,500 Fire Pension Fund 5,533,046 4,776,300 (1,022,730) 4,980,300 5,297,300 10,930,903 9,559,800 (1,925,230) 9,946,800 10,575,800 (a) Figures not available as of December 16,2008. (b) Does not include the Mount Prospect Library for 2010 Forecast. VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY EXPENDITURES BY FUND 2007 2008 2008 2009 2010 Actual Budget Estimate Budget Forecast GENERAL FUND 38,930,210 40,179,521 40,891,260 41,635,000 43,021,135 SPECIAL REVENUE FUNDS Refuse Disposal Fund 3,982,774 4,135,231 4,100,869 4,196,092 4,313,397 Motor Fuel Tax Fund 1,905,490 1,837,002 1,947,002 2,066,302 2,262,391 Local Law Enforcement Block Grant 775 1,000 Community Development Block Grant 575,176 771,976 551,891 785,604 549,08i Asset Seizure Fund 13,582 1,000 17,000 2,000 2,000 DBA Shared Funds Fund 13,302 1,000 11,338 1,000 1,000 DUI Fine Fund 26,912 1,500 28,000 1,500 1,500 Foreign Fire Tax Board Fund 9,767 10,500 30,500 15,500 15,500 Totals 6,527,778 6,759,209 6,686,600 7,067,998 7,144,869 DEBT SERVICE FUNDS G.O. Bonds - Property Taxes 1,736,469 1,296,859 1,296,859 1,291,848 1,294,860 G.O. Bonds - Tax Increment 1,069,675 1,754,900 1,754,900 G.O. Bonds - Home Rule Sales Tax 1 1,430,265 1,612,880 1,613,180 613,354 613,356 . Special Service Area Bonds 14,170 Totals 4,250,579 4,664,639 4,664,939 1,905,202 1,908,216 CAPITAL PROJECTS FUNDS Capital Improvement Fund 566,127 1,654,575 1,560,200 1,209,950 2,228,900 Series 2009 Const Fund 12,784,000 Downtown Redevelop Const Fund 696,363 5,394,950 3,217,950 1,922,250 2,737,000 Street Improvement Const Fund 1,652,866 2,939,500 2,922,500 2,561,000 1,743,000 Flood Control Const Fund 64,979 515,000 597,305 235,000 495,150 Totals 2,980,335 10,504,025 8,297,955 18,712,200 7,204,050 ENTERPRISE FUNDS Water and Sewer Fund Village Parking System Revenue Fund Parking System Revenue Fund Totals 8,852,971 91,634 167,800 9,112,405 12,852,593 122,269 142,164 13,117,026 12,841,087 123,776 144,277 13,109,140 11 ,034,305 123,654 143,019 11,300,978 12,335,244 127,471 147,387 12,610,102 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund 1,446,570 1,573,128 1,724,955 1,671,682 1,734,898 Vehicle Replacement Fund 867,481 1,557,900 ) ,300,800 2,018,900 1,585,800 Computer Replacement 189,064 138,500 130,000 188,150 236,750 Risk Management Fund 5,742,653 6,767,971 5,811,451 6,684,336 7,062,969 Totals 8,245,768 10,037,499 8,967,206 10,563,068 10,620,417 VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY EXPENDITURES BY FUND 2007 Actual 2008 Budget 2008 Estbnate 2009 Bud2et 2010 . Forecast FIDUCIARY FUNDS Police Pension Fund Fire Pension Fund Totals 2,519,319 2,669,750 5,189,069 2,580,050 2,783,500 5,363,550 2,900,500 2,813,500 5,714,000 2,993,500 2,951,500 5,945,000 3,066,500 3,052,500 6,119,000 MOUNT PROSPECT LIBRARY BUDGET 7,738,662 8,645,501 8,645,501 9,450,626 (a) (a) Figures not available as of December 16,2008. (b) Does not include the Mount Prospect Library for 2010 Forecast. VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2009 Estimated Balance 1-1-09 2009 Budget Revenues 2009 Bud get Expenditures Estimated Balance 12-31-09 GENERAL FUND 12,269,674 41,635,000 41,635,000 12,269,674 SPECIAL REVENUE FUNDS Refuse Disposal Fund 2,349,257 4,216,000 4, I 96,092 2,369,165 Motor Fuel Tax Fund 36,600 1,812,000 2,066,302 (217,702) Local Law Enf Block Grant Community Development Block Gmt 8,109 785,604 785,604 8,109 Asset Seizure Fund 63,407 12,000 2,000 73,407 DEA Shared Funds Fund 55,280 2,000 1,000 56,280 DU] Fine Fund 18,245 21,000 1,500 37,745 Foreign Fire Tax Board Fund 91,372 41,000 15,500 116,872 TOTAL 2,622,270 6,889,604 7,067,998 2,443,876 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes 167,473 1,323,000 1,291,848 198,625 G.O. Bonds - Tax Increment (71,406) (7],406) G.O. Bonds - Home Rule Sales Tax 1 (907,977) 1,250,000 613,354 (271,331) Special Service Area Bonds 3,955 3,955 TOTAL (807,955) 2,573,000 1,905,202 (140,157) CAPITAL PROJECTS FUNDS Capital Improvement Fund 767,855 1,374,810 1,209,950 932,715 Series 2009 Const Fund 12,784,000 12,784,000 Downtown Redevelop Const Fund 402,184 2,675,000 1,922,250 1,154,934 Street Improvement Const Fund 167,659 1,530,000 2,561,000 (863,341 ) Flood Control Const Fund 91,544 108,500 235,000 (34,956) TOTAL 1,429,242 18,472,310 18,712,200 1,189,352 ENTERPRISE FUNDS Water and Sewer Fund (n) 3,089,707 11,983,000 11,034,305 4,038,402 Village Parking System Fund (n) 143,367 161,000 ]23,654 180,713 Parking System Revenue Fund (n) 16,723 161,000 143,019 34,704 TOTAL 3,249,797 12,305,000 11,300,978 4,253,819 (a) Estimated balances reflect cash and investment balance, not fund equity. VILLAGE OF MOUNT PROSPECT 2009 BUDGET SUMMARY A V AILABLE FUND BALANCES 12-31-2009 Estimated 2009 2009 Estimated Balance Budget Budget B Illance 1-1-09 Revenues Expenditures 12-31-09 INTERNAL SERVICE FUNDS (b) Vehicle Maintenance Fund 60],748 ] ,67],682 ] ,67] ,682 60],748 Vehicle Replacement Fund ] 0,430,794 ],159,700 2,0]8,900 9,571,594 Computer Replacement Fund 767,775 220,281 188,150 799,906 Risk Management Fund 2,746,104 6,683,556 6,684,336 2,745,324 TOTAL ]4,546,421 9,735,219 10,563,068 13,718,572 PENSION FUNDS (c) Police Pension Fund 39,160,185 4,966,500 2,993,500 41,133,185 Fire Pension Fund 39,193,951 4,980,300 2,951,500 41,222,751 TOTAL 78,354,136 9,946,800 5,945,000 82,355,936 Totals - Village Funds 111,<i63,585 101,556,933 97,129,446 116,091,072 Less; Pension Funds (c) (78,354, ]36) (9,946,800) (5,945,000) (82,355,936) MOUNT PROSPECT LIBRARY FUND 4,330,845 9,450,626 9,450,626 4,330,845 (b) Estimated balances for Internal Service Funds reflect unrestricted net assets only. (c) Pension Funds are restricted for future pension benefits and do not constitute "Available Fund Balances."