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HomeMy WebLinkAboutOrd 5779 12/15/2009 ORDINANCE NO. 5779 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1,2010 AND ENDING DECEMBER 31,2010 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 15th day of December, 2009 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 16th day of December, 2009. RESOLUTION NO. 2009 A RESOLUTION APPROVING AND CERTIFYING THE 2010 BUDGET AND 2009 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, 2010; 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 2010 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 2009 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 2009 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, 2010, and ending December 31, 2010, the sum of $9,715,689 such to be included within the 2010 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 2009 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: $8,882,426. 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 15, 2009. AYES: Barbara Burns, Jane Everett, Sylvia Haas, Jackie Hinaber, Dick Tani, John Zulaski NAYS: Dale Draznin ABSENT: None PASSED THIS 15th day of October, 2009. 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 15th day of October, 2009. f2L/2a Dick Tani, President MOUNT PROSPECT PUBLIC LIBRARY EXHIBIT A 2010 Budget and 2009 Tax Levy 2010 Budget 2009 Tax Levy Fund Amount Request LmRARY GENERAL FUND Salaries & Benefits 4110 Salaries $ 4,555,532 $ 4,450,000 4120 I M R F Pension 363,145 325,000 4130 F I C A & M/C 348,498 330,000 4140 Medical Insurance 526,363 490,000 4150 Unemployment Comp 5,000 5,000 Totals $ 5,798,538 $ 5,600,000 Management Expense 4210 Audit $ 4,000 $ 3,500 4220 Legal Fees 20,000 17,500 4230 Printing 44,600 40,000 4240 Community Services 64,230 61,000 4250 Programs 35,095 32,500 4260 Professional Dues 6,000 5,000 4270 Board 4,000 3,000 4280 Human Resources 77,003 75,000 4290 Other Operating Expense 6,000 3,000 Totals $ 260,928 $ 240,500 Operating Expenses 4310 Telecommunications $ 48,024 $ 45,000 4320 Insurance 80,604 77,500 4340 Office Supplies 27,500 25,000 4350 Library Supplies 24,000 22,500 4360 Postage 21,075 20,000 4370 Consultant Services 3,000 2,500 4380 Contract Services 18,492 17,500 4390 Computer Services 45,612 42,248 Totals $ 268,307 $ 252,248 Building Maintenance Costs 4410 Building Maintenance $ 84,065 $ 80,000 4420 Equipment Maintenance 65,600 62,500 4430 Equipment Rental 32,818 30,000 4440 Janitorial 53,486 50,000 4450 Equipment 129,740 125,000 4460 Utilities 92,168 90,000 Totals $ 457,877 $ 437,500 (Continued On the Next Page) 1 nf' ') p"'(TP~ MOUNT PROSPECT PUBLIC LIBRARY EXHIBIT A 2010 Budget and 2009 Tax Levy 2010 Budget 2009 Tax Levy Fund Amount Request LIBRARY GENERAL FUND (Continued) Library Materials 4610 Adult Print $ 251,700 $ 245,000 4620 Adult A V 85,200 82,500 4630 Youth Print 136,960 132,500 4640 YouthAV 40,900 37,500 4650 Subscriptions 22,400 20,000 4660 Electronic Resources 129,852 125,000 4661 Electronic Media 7,600 5,000 4662 Electronic Services 18,649 15,000 4670 Microform 15,000 12,500 4680 Processing Supplies 49,600 45,000 Totals $ 757,861 $ 720,000 GENERAL FUND TOTALS $ 7,543,511 $ 7,250,248 DEBT SERVICE FUND 3701 Interest Payments $ 697,178 697,178 3711 Princ~alPaymenm 935,000 935,000 3800 Fiscal Agent Fees 1,000 DEBT SERVICE FUND TOTALS $ 1,633,178 $ 1,632,178 BUILDING & EQUIPMENT FUND 7705 Building and Grounds $ 33,900 $ 7730 Library Equipment 237,100 7735 Library Furnishing 68,000 7750 Other Building Projecs 7760 Trans To Library Operating Fund 125,000 BUILDING FUND TOTALS $ 464,000 $ GIFT FUND 8740 Library Special Projects $ 50,000 $ 8990 Contingencies 25,000 GIFT FUND TOTALS $ 75,000 $ ALL FUNDS - TOTALS $ 9,715,689 $ 8,882,426 2009 TAX LEVY SUMMARY Levy Total Request 2% Loss Tax Levy Library Fund Levy $ 7,250,248 $ 145,005 $ 7,395,253 Library Bonds & Interest Levy 1,632,178 32,644 1,664,822 TOTAL LmRARY TAX LEVY $ 8,882,426 $ 177,649 $ 9,060,075 ? of? p::!o-p.~ ORDINANCE NO. 5779 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1,2010 AND ENDING DECEMBER 31, 2010 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 1, 2010 and ending December 31,2010, 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 9,2009 for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 3,2009, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 15,2009, 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 1,2010 and ending December 31, 2010, 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 1,2010 and ending December 31,2010, duly certified by the Chief Fiscal Office 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: Hoefert, Juracek, Kom, Po lit, Zadel NAYS: None ABSENT: Matuszak PASSED AND APPROVED this 15th day of December, 2009. ATTEST: 1H~~ ,{t/I~ , Irvana K. Wilks, Mayor ~fr VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY TOTAL VILLAGE BUDGET 2008 Actual 2009 Budget 2009 2010 Budget 2011 Forecast Estimate REVENUES AND OTHER SOURCES Property Taxes 13,638,579 13,570,000 14,026,500 14,999,000 16,120,000 Other Taxes 15,246,023 14,761,000 14,520,696 15,665,000 16,065,000 Licenses, Permits & Fees 3,117,540 3,857,000 4,058,000 3,487,000 3,526,000 Intergovernmental Revenue 19,060,678 18,579,514 18,283,760 18,102,647 17,811,483 Charges for Service 20,213,893 22,435,567 21,573,403 21,970,880 23,665,582 Fines and Forfeits 798,019 730,000 701,000 704,000 704,000 Investment Income (10,659,610) 6,501,000 7,492,565 5,696,250 6,927,750 Reimbursements 278,231 401,000 396,244 467,000 316,500 Other Revenue 5,442,146 5,958,952 5,814,571 7,023,160 7,648,488 Interfund Transfers 833,242 1,139,000 635,100 973,505 - Other Financing Sources 25,548 11,484,000 10,361,708 50,000 50,000 Village Revenues and Other Sources 67,994,289 99,417,033 97,863,547 89,138,442 92,834,803 Mount Prospect Library Revenues 8,816,084 9,450,626 9,450,626 9,715,689 (a) Total Revenues and Other Sources 76,810,373 108,867,659 107,314,173 98,854,131 92,834,803 BUDGET EXPENDITURES Village Operating Budget 56,058,323 59,098,478 59,725,858 59,478,738 62,919,316 Village Capital Budget 9,296,486 23,396,850 22,732,093 8,514,735 8,828,740 Debt Service Budget 4,664,806 1,905,202 2,411,292 2,325,880 2,327,765 Pension Systems Budget 5,751,745 5,991,500 6,122,586 6,410,400 6,601,550 Internal Services Budget (b) 7,925,505 8,645,586 8,766,285 8,668,309 9,114,554 Total Village Expenditures 83,696,865 99,037,616 99,758,114 85,398,062 89,791,925 Mount Prospect Library Budget 8,399,402 9,450,626 9,450,626 9,715,689 (a) Total Expenditures (d) 92,096,267 108,488,242 109,208,740 95,113,751 89,791,925 CHANGES IN FUND BALANCES Excess (Deficiency) of Revenues & Other Sources Over Expenditures (d) (15,285,894) 379,417 (1,894,567) 3,740,380 3,042,878 Fund Balances Start of Budget Year 129,293,052 114,007,158 1I4,007,158 112,112,591 115,852,971 End of Budget Year 114,007,158 114,386,575 112,112,591 115,852,971 118,895,849 Less: Pension Fund Balances ( c ) (72,944,799) (66,953,299) (78,445,913) (82,851,913) (88,345,913) Available Fund Balances 41,062,359 47,433,276 33,666,678 33,00 I ,058 30,549,936 (a) Not available as of December 15,2009. (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 2011 Forecast. VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2008 Actual 2009 Budget 2009 Estimate 2010 Budget 2011 Forecast PROPERTY TAXES 13,638,579 13,570,000 14,026,500 14,999,000 16,120,000 OTHER TAXES Home Rule Sales Tax 4,887,868 4,216,000 4,216,000 4,984,000 5,184,000 Food & Beverage Tax 776,268 714,000 714,000 728,000 743,000 Special Service Area Taxes 1,505,394 1,509,000 1,500,000 1,500,000 1,500,000 Property Tax Increment 2,212,251 2,640,000 2,404,000 2,556,000 2,656,000 Real Estate Transfer Tax 643,082 489,000 489,000 650,000 650,000 Utility Taxes 4,757,979 4,741,000 4,755,000 4,813,000 4,868,000 Municipal Motor Fuel Tax 277,376 270,000 258,000 260,000 263,000 Other Taxes 185,805 182,000 184,696 174,000 201,000 15,246,023 14,761,000 14,520,696 15,665,000 16,065,000 LICENSES, PERMITS & FEES Vehicle Licenses 1,403,190 1,405,000 1,405,000 1,405,000 1,405,000 Other Licenses 343,783 366,000 346,000 361,000 371,000 Permit Fees 505,840 1,035,000 1,154,000 711,000 713,000 Franchise Fee 510,775 530,000 530,000 550,000 572,000 Other Fees 353,952 521,000 623,000 460,000 465,000 3,117,540 3,857,000 4,058,000 3,487,000 3,526,000 INTERGOVERNMENTAL REVENUE State Sales Tax 10,066,919 9,430,000 9,430,000 9,560,000 9,812,000 State Income Tax 5,326,270 5,008,000 4,600,000 4,445,000 4,615,000 State Motor Fuel Tax 1,504,420 1,568,000 1,430,000 1,445,000 1,490,000 Other State Taxes 1,241,412 1,099,100 1,096,100 1,107,500 1,142,000 Community Devl Block Grant 342,372 745,604 879,735 515,447 520,483 Other Grants 579,285 728,810 847,925 1,029,700 232,000 19,060,678 18,579,514 18,283,760 18,102,647 17,811,483 CHARGES FOR SERVICE Water & Sewer Charges 8,732,338 10,236,000 9,436,250 10,596,000 10,971,000 Parking Charges 262,328 213,000 208,500 210,000 210,000 Refuse Disposal Charges 2,107,247 2,230,000 2,136,115 2,151,000 2,170,000 Internal Service Fund Charges 7,600,808 8,166,067 8,194,433 7,373,880 8,648,082 Other Service Charges 1,511,172 1,590,500 1,598,105 1,640,000 1,666,500 20,213,893 22,435,567 21,573,403 21,970,880 23,665,582 FINES AND FORFEITS 798,019 730,000 701,000 704,000 704,000 INVESTMENT INCOME General Fund 256,845 64,000 69,100 130,000 292,500 Pension Funds (11,507,917) 5,557,000 7,259,310 5,289,500 6,020,000 Other Funds 591,462 880,000 164,155 276,750 615,250 (10,659,610) 6,501,000 7,492,565 5,696,250 6,927,750 VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2008 2009 2009 2010 2011 Actual Budget Estimate Budget Forecast REIMBURSEMENTS 278,231 401,000 396,244 467,000 316,500 OTHER REVENUE Village Police & Fire Pension Contributions 2,838,387 3,112,800 3,037,300 4,153,800 4,654,800 Developer Donations 22,326 4,315 Employee & Retiree Contributions 2,311,075 2,446,152 2,318,974 2,499,360 2,628,688 Other Revenue 270,358 400,000 453,982 370,000 365,000 5,442,146 5,958,952 5,814,571 7,023,160 7,648,488 TOTAL VILLAGE REVENUES 67,135,499 86,794,033 86,866,739 88,114,937 92,784,803 INTERFUND TRANSFERS 833,242 1,139,000 635,100 973,505 OTHER FINANCING SOURCES Bond Proceeds 11,424,000 10,000,000 Sale of Property 25,548 60,000 361,708 50,000 50,000 25,548 11,484,000 10,361,708 50,000 50,000 CHANGES IN FUND BALANCES (b) Total Revenues & Other Sources 76,810,373 108,867,659 107,314,173 98,854,131 92,834,803 Total Expenditures 92,096,267 108,488,242 109,208,740 95,113,751 89,791,925 Additions to <Use of> Fund Balances ( 15,285,894) 379,417 (1,894,567) 3,740,380 3,042,878 ANALYSIS OF CHANGES IN FUND BALANCES (b) Additions to <Use of> Pension Fund Balances (13,048,564) 4,001,800 5,501,114 4,406,000 5,494,000 Additions to <Use of> Other Fund Balances (2,237,330) (3,622,383) (7,395,681 ) (665,620) (2,451,122) (15,285,894) 379,417 (1,894,567) 3,740,380 3,042,878 (a) Figures not available as of December 15,2009. (b) Does not include the Mount Prospect Library 2011 Forecast. VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY BUDGET EXPENDITURES 2008 2009 2009 2010 2011 Actual Budget Estimate Budget Forecast VILLAGE OPERATING BUDGET PUBLIC REPRESENTATION 163,821 119,867 124,199 126,410 134,207 VILLAGE ADMINISTRATION Village Manager's Office 2,828,498 2,681,718 3,010,147 2,518,951 2,944,533 Television Services Division 193,430 179,215 187,470 202,049 224,674 Village Clerk's Office 198,860 209,032 213,045 208,643 218,625 Finance Department 1,584,722 1,561,034 1,579,831 1,612,713 1,675,339 Totals 4,805,510 4,630,999 4,990,493 4,542,356 5,063,171 COMMUNITY DEVELOPMENT Community Development 2,171,424 2,400,607 2,303,424 2,234,246 2,389,319 Community Development/CDBG 406,529 876,710 1,056,048 565,447 570,483 Totals 2,577,953 3,277,317 3,359,472 2,799,693 2,959,802 HUMAN SERVICES DEPARTMENT 838,999 1,173,825 1,075,614 1,150,584 1,199,154 PUBLIC SAFETY AND PROTECTION Police Department 13,969,654 14,184,671 14,237,349 15,030,969 16,309,997 Fire Department 11,097,855 11,126,988 11,377,929 11,494,077 12,522,221 Totals 25,067,509 25,311,659 25,615,278 26,525,046 28,832,218 PUBLIC WORKS DEPARTMENT Administration 1,227,036 1,376,962 1,362,960 982,823 1,323,867 Streets/B Idgs/Parking 3,732,213 2,900,638 2,945,941 2,838,171 3,263,308 Forestry 1,898,685 1,734,739 1,733,078 1,773,932 2,055,654 Engineering 1,325,785 1,514,796 1,546,281 1,587,987 1,447,319 Water/Sewer 9,179,399 12,508,845 11,773,251 12,523,039 11,801,698 Refuse Disposal 4,037,250 4,194,247 4,197,994 4,240,941 4,405,833 Totals 21,400,368 24,230,227 23,559,505 23,946,893 24,297,679 COMMUNITY & CIVIC SERVICES 381,889 354,584 366,197 387,756 433,085 CONTINGENCIES & EQUITY TRANSFERS 822,274 635,100 VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY BUDGET EXPENDITURES 2008 2009 2009 2010 2011 Actual Budget Estimate Budget Forecast VILLAGE CAPITAL BUDGET Village Improvements & Equip 1,345,976 1,463,850 1,183,226 1,360,350 1,407,500 Community Improvement Projects 37,145 216,000 137,800 90,000 545,000 Downtown Redevelopment Constr 3,122,668 1,924,650 1,872,462 2,735,000 2,768,000 Flood Control Projects 193,110 235,000 708,455 150,150 155,330 Street Improvement Projects 3,556,877 4,184,700 2,889,834 2,610,600 3,086,910 Motor Equipment Replacement 948,922 2,535,500 2,293,157 440,000 615,150 Computer Replacement 91,788 188,150 188,150 206,050 250,850 Station 14 8,378,000 8,161,169 922,585 Emergency Operation Center 2,034,000 2,441,437 Public Works Expansion 2,237,000 2,856,403 Totals 9,296,486 23,396,850 22,732,093 8,514,735 8,828,740 DEBT SERVICE BUDGET Debt Service - Property Tax 1,296,709 1,291,848 1,797,938 1,712,524 1,714,411 Debt Service - Tax Increment 1,754,900 Debt Service - Home Rule Sales Tax 1 1,613,130 613,354 613,354 613,356 613,354 Special Service Area Bonds 67 Totals 4,664,806 1,905,202 2,411,292 2,325,880 2,327,765 PENSION SYSTEMS BUDGET Miscellaneous Pensions 45,460 46,500 45,590 46,600 46,750 Police Pensions 2,910,380 2,993,500 3,092,596 3,242,300 3,330,300 Fire Pensions 2,795,905 2,951,500 2,984,400 3,121,500 3,224,500 Totals 5,751,745 5,991,500 6,122,586 6,410,400 6,601,550 VILLAGE INTERNAL SERVICES BUDGET Vehicle Maintenance Services 1,669,311 1,972,750 1,707,487 1,814,711 1,905,512 Risk Management Casualty and Property Insurance 1,345,287 967,700 1,343,162 927,700 936,200 Medical Insurance 4,910,907 5,705,136 5,715,636 5,925,898 6,272,842 Totals 7,925,505 8,645,586 8,766,285 8,668,309 9,114,554 MOUNT PROSPECT LIBRARY BUDGET 8,399,402 9,450,626 9,450,626 9,715,689 (a) (a) Figures not available as of December 15,2009. (b) Does not include the Mount Prospect Library 201 1 Forecast. VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2008 Actual 2009 Budget 2009 Estimate 2010 Budget 2011 Forecast GENERAL FUND 41,083,058 40,153,100 39,855,305 40,691,100 42,583,500 SPECIAL REVENUE FUNDS Refuse Disposal Fund 4,167,592 4,166,000 3,997,615 4,038,500 4,143,500 Motor Fuel Tax Fund 1,558,291 1,812,000 1,522,669 1,836,500 1,501,500 Community Dev. Block Gmt 406,530 785,604 967,637 565,447 570,483 Asset Seizure Fund 2,250 12,000 3,120 6,000 7,000 DEA Shared Funds Fund 28,006 2,000 1,100 1,500 1,500 DUI Fine Fund 15,664 21,000 20,015 20,500 20,500 Foreign Fire Tax Board Fund 34,732 41,000 50,236 35,500 35,500 6,213,065 6,839,604 6,562,392 6,503,947 6,279,983 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes 1,291,695 1,303,000 1,771,560 1,697,000 1,702,000 G.O. Bonds - Tax Increment 1,144,816 G.O. Bonds - Home Rule Sales Tax 1 1,225,513 1,054,000 1,054,000 1,140,708 613,354 Special Service Area Bonds 161 3,662,185 2,357,000 2,825,560 2,837,708 2,315,354 CAPlT AL PROJECTS FUNDS Capital Improvement Fund 1,972,896 1,178,810 1,236,815 1,421,500 1,318,500 Series 2009 Canst Fund 12,784,000 10,920,100 1,124,505 Downtown Redevlpmnt Canst 1,111,977 2,675,000 2,407,600 2,567,000 2,673,500 Street Improv Canst Fund 1,533,415 1,334,000 1,322,400 1,717,600 1,560,000 Flood Control Canst Fund 11,453 108,500 123,800 198,792 737,646 4,629,741 18,080,310 16,010,715 7,029,397 6,289,646 ENTERPRISE FUNDS Water And Sewer Fund Village Parking System Fund Parking System Revenue Fund 10,437,748 185,013 178,020 10,800,781 11,983,000 161,000 161,000 12,305,000 11,022,450 149,600 159,200 11,331,250 12,225,500 152,000 159,500 12,537,000 12,710,500 152,500 160,000 13,023,000 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund 1,554,380 1,671,682 1,886,231 1,654,192 1,905,512 Vehicle Replacement Fund 1,1 05,024 1,159,700 1,344,308 238,200 962,100 Computer Replacement Fund 183,229 220,281 198,281 12,000 205,963 Risk Management Fund 6,105,105 6,683,556 6,271,395 6,865,098 7,220,945 8,947,738 9,735,219 9,700,215 8,769,490 10,294,520 VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2008 2009 2009 2010 2011 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund (3,789,860) 4,966,500 6,145,490 5,585,500 6,243,500 Fire Pension Fund (3,552,419) 4,980,300 5,432,620 5,184,300 5,805,300 (7,342,279) 9,946,800 11,578,110 10,769,800 12,048,800 MOUNT PROSPECT LIBRARY FUND 8,816,084 9,450,626 9,450,626 9,715,689 (a) (a) Figures not available as of December 15,2009. (b) Does not include the Mount Prospect Library 2011 Forecast. VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY EXPENDITURES BY FUND 2008 2009 2009 2010 2011 Actual Budget Estimate Budget Forecast GENERAL FUND 41,357,164 40,472,925 41,606,459 41,074,100 45,128,755 SPECIAL REVENUE FUNDS Refuse Disposal Fund 4,037,250 4,194,247 4,197,994 4,240,941 4,405,833 Motor Fuel Tax Fund 1,991,124 2,113,102 1,768,102 1,736,302 1,905,072 Community Development Block Grant 406,529 876,710 1,056,048 565,447 570,483 Asset Seizure Fund 24,820 2,000 7,416 2,000 2,000 DEA Shared Funds Fund 33,826 1,000 12,721 1,000 1,000 DUI Fine Fund 27,448 1,500 7,443 1,500 1,500 Foreign Fire Tax Board Fund 29,633 15,500 21,013 15,500 15,693 Totals 6,550,630 7,204,059 7,070,737 6,562,690 6,901,581 DEBT SERVICE FUNDS G.O. Bonds - Property Taxes 1,296,709 1,291,848 1,797,938 1,712,524 1,714,411 G.O. Bonds - Tax Increment 1,754,900 G.O. Bonds - Home Rule Sales Tax 1 1,613,130 613,354 613,354 613,356 613,354 Special Service Area Bonds 67 Totals 4,664,806 1,905,202 2,411,292 2,325,880 2,327,765 CAPITAL PROJECTS FUNDS Capital Improvement Fund 1,383,121 1,544,850 1,269,015 1,714,350 1,927,500 Series 2009 Const Fund 12,784,000 13,682,020 922,585 Downtown Redevelop Const Fund 3,123,618 1,925,650 1,873,462 2,736,500 2,769,545 Street Improvement Const Fund 2,300,299 2,856,600 1,750,734 1,401,600 1,786,910 Flood Control Const Fund 193,110 235,000 708,455 150,150 155,330 Totals 7,000,148 19,346,100 19,283,686 6,925,185 6,639,285 ENTERPRISE FUNDS Water and Sewer Fund Village Parking System Revenue Fund Parking System Revenue Fund Totals 9,179,399 95,774 167,623 9,442,796 12,508,845 131,101 143,648 12,783,594 11,773,251 132,212 144,389 12,049,852 12,523,039 127,233 170,276 12,820,548 11,801,698 214,821 230,763 12,247,282 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund 1,669,311 1,972,750 1,707,487 1,814,711 1,905,512 Vehicle Replacement Fund 948,922 2,535,500 2,293,157 440,000 615,150 Computer Replacement 91,788 188,150 188,150 206,050 250,850 Risk Management Fund 6,265,015 6,684,336 7,070,298 6,865,098 7,220,945 Totals 8,975,036 11,380,736 11,259,092 9,325,859 9,992,457 VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY EXPENDITURES BY FUND 2008 Actual 2009 Budget 2009 2010 Budget 2011 Estimate Forecast FIDUCIARY FUNDS Police Pension Fund Fire Pension Fund Totals 2,910,380 2,795,905 5,706,285 2,993,500 2,951,500 5,945,000 3,092,596 2,984,400 6,076,996 3,242,300 3,121,500 6,363,800 3,330,300 3,224,500 6,554,800 MOUNT PROSPECT LIBRARY BUDGET 8,399,402 9,450,626 9,450,626 9,715,689 (a) (a) Figures not available as of December 15,2009. (b) Does not include the Mount Prospect Library 2011 Forecast. VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2010 Estimated Balance 1-1-10 2010 Budget Revenues Estimated Balance 12-31-10 2010 Budget Expenditures GENERAL FUND 10,789,671 40,691,100 41,074,100 10,406,671 SPECIAL REVENUE FUNDS Refuse Disposal Fund 2,094,087 4,038,500 4,240,941 1,891,646 Motor Fuel Tax Fund (341,120) 1,836,500 1,736,302 (240,922) Community Development Block Gmt (88,411) 565,447 565,447 (88,411) Asset Seizure Fund 50,455 6,000 2,000 54,455 DEA Shared Funds Fund 20,236 1,500 1,000 20,736 DUl Fine Fund 31,033 20,500 1,500 50,033 Foreign Fire Tax Board Fund 115,193 35,500 15,500 135,193 TOTAL 1,881,473 6,503,947 6,562,690 1,822,730 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes 101,854 1,697,000 1,712,524 86,330 G.O. Bonds - Tax Increment 529,994 529,994 G.O. Bonds - Home Rule Sales Tax 1 (123,182) 1,140,708 613,356 404,170 Special Service Area Bonds 3,455 3,455 TOTAL 512,121 2,837,708 2,325,880 1,023,949 CAPITAL PROJECTS FUNDS Capital Improvement Fund 969,378 1,421,500 1,714,350 676,528 Series 2009 Const Fund (2,761,920) 1,124,505 922,585 (2,560,000) Downtown Redevelop Const Fund 837,630 2,567,000 2,736,500 668,130 Street Improvement Const Fund 334,527 1,717,600 1,401,600 650,527 Flood Control Const Fund (172,463) 198,792 150,150 (123,821) TOTAL (792,848) 7,029,397 6,925,185 (688,636) ENTERPRISE FUNDS Water and Sewer Fund (a) 3,480,731 12,225,500 12,523,039 3,183,192 Village Parking System Fund (a) 189,496 152,000 127,233 214,263 Parking System Revenue Fund (a) 201,593 159,500 170,276 190,817 TOTAL 3,871,820 12,537,000 12,820,548 3,588,272 (a) Estimated balances reflect cash and investment balance, not fund equity. VILLAGE OF MOUNT PROSPECT 2010 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2010 Estimated Balance 1-1-10 2010 Budget Revenues 2010 Budget Ex enditures Estimated Balance 12-31-10 INTERNAL SERVICE FUNDS (b) Vehicle Maintenance Fund 832,390 1,654,192 1,814,711 671,871 Vehicle Replacement Fund 9,821,148 238,200 440,000 9,619,348 Computer Replacement Fund 811,648 12,000 206,050 617,598 Risk Management Fund 1,608,410 6,865,098 6,865,098 1,608,410 TOTAL 13,073,596 8,769,490 9,325,859 12,517,227 PENSION FUNDS (c) Police Pension Fund 39,315,837 5,585,500 3,242,300 41,659,037 Fire Pension Fund 39,130,076 5,184,300 3,121,500 41,192,876 TOTAL 78,445,913 10,769,800 6,363,800 82,851,913 Totals - Village Funds 107,781,746 89,138,442 85,398,062 111,522,126 Less: Pension Funds (c) (78,445,913) (10,769,800) (6,363,800) (82,851,913) MOUNT PROSPECT LIBRARY FUND 4,330,845 9,715,689 9,715,689 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."