HomeMy WebLinkAboutOrd 5208 08/21/2001 ORDINANCE NO. 5208
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE
ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING
JANUARY 1, 2001 AND ENDING DEVEMBER 31, 2001
Passed and approved by
the President and Board of Trustees
the 21st day of August, 2001
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
22ND day of August, 2001
ORDINANCE NO. 5208
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2001
AND ENDING DECEMBER 31, 2001
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 y~ar'.commencing January 1, 2001 and ending December 31, 2001
was adopted through the passag~ of Ordinance No. 5162 approved by the Corporate Authorities
of the Village of Mount Prospect on December 19, 2000; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance 5181 on April 17, 2001, amending the annual budget for the fiscal year
commencing January 1,2001 and ending December 31,2001; 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, 2001 and ending December 31, 2001; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the
'eh~ng~, as specified on the attached January 1, 2001 through December -Ri.,-2001. Budget-
Amendment No. 2 to be in the best interest of the Village of Mount Prospect; and
WHEREAS, there are adequate revenues and reserves in each of the Funds whose budget is
being increased 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:
SECTION ONE: That the fiscal year budget for January 1, 2001 through December 31, 2001
for the Village of Mount Prospect is hereby further amended, as detailed on'Budget Amendn~ent
No. 2 attached hereto.
oTiQI:LT_gLQ: 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: Hoefert, Lohrstorfer, Skowron, Wilks, Zadel
NAYES: None
ABSENT: Corcoran
PASSED and APPROVED this 21Stday of August, 2001.
e a . arley, Vdlage ~P~5~dent
ATTEST
~e~lm~ W. Lowe, Village ~lerk
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year from January 1, 2001 through December 31, 2001
Revenues
Original Amended
Item Revenue Increase Revenue
No. Fund/Pro<gram/Classification Account it Account Description Estimate (Decrease) Estimate
General Fund
1 Other Taxes 0010000-410000 Sales Tax Revenue 7,731,600 (28,694) 7,702,906
2 Other Taxes 0010000-410400 Food & Beverage Tax 489,600 (15,935) 473,665
3 Other Taxes 0010000-414000 Real Estate Transfer Tax 682.900 67,100 750,000
4 Other Taxes 0010000-417100 Telecommunications Tax 846,000 29,000 875,000
5 Other Taxes 0010000-417200 Utility Tax - NIGAS 208,000 121,000 329,000
6 Licenses, Pen'nits & Fees 0010000-420100 Vehicle Licenses 1,160,000 (20.000) 1,140,000
7 Licenses~ Permits & Fees 0010000-427C00 Infiastructure Maint. Fee 420,000 (110,000) 310,000
S Intergovernmental 0010000-430100 State Income Tax 4,119,300 (65,513) 4,053,787
9 Intergovernmental 0010000-430400 State Use Tax 637,900 38;000 675,900
10 Intergovernmental 0010000-435211 Single Family Rehab Grant 0 132,000 132,000
11 Charges for Services 0010000-444t 00 Cable Programming Fees 16,640 21.797 38.437
12 Fines 0010000-450100 Parking Fines 260,000 (40,000) 220,000
13 Fines 0010000-450300 Cimuit Court Fines 210,000 (30,000) 180,000
14 Investment Income 0010000-460100 Interest Income 400,000 15,000 415,000
15 Reimbumements 0010000-470800 Property Damage Reimb. 13.000 5,800 18,800
t6 Reimbursements 0010000-470900 Other Reimbumements 28,000 26,691 54,691
17 Other Revenue 0010000-480900 Miscellaneous Income 50,000 21,800 71.800
18 Other Revenue 0010000-481000 IDB Revenue 0 15,t15 15,115
All other General Fund accounts 10,727,870 0 10,727,870
Total General Fund 28,000,810 183,161 28,183,971
Series 2001 Debt Service Fund
19 Investment lncome 1800000-460100 Interest Income 10,400-- (10,400)-
20 Other Flnanciog Sources 1800000-494100 Bend Proceeds 2,273,500 (2,273,500)
Total Series 2001 Debt Service Fund 2,283,900 (2,283,900)
Capital Improvements Fund
21 Intsrgovemrnental Revenues 5100000-435203 General Store Grant 30,000 20,000 50,000
22 Intergovernmental Revenues 5100000-435220 STP Grant, Street Lights 1,673,350 (1.14~,250) 527,100
23 Intergovernmental Revenues 5100000-435225 Central Corridor Impr. Grant 0 400,000 400,000
24 Investment Income 5100000-460100 Interest Income 60,000 40,000 100.000
All other Capital Improvements Fund accounts 940,667 0 940,667
Total Capital Improvements Fund 2,704.01~7 (686,250~) 2,017,767
Series 2001 Project Fund
25 Investment Income 5250000-460100 Interest Income 62,000 (10,000) 52,000
26 Other Financing Sources 525000-494100 Bond Proceeds 13,151,500 (3,151,500) 10,000,000
Total Series 2001 Project Fund ~ (3,161,500) 10,052,00~0
Downtown Redevelopment Constr. Fund ' ' '" '
27 Investment Income 5500000-460100 Interest income 24,000 (t8,000) 6.000
28 Reimbumements 5500000-471200 Site Clean-up Reimburse. 0 350,424 350,424 ....
29 Other Financing Sources 5500000-494600 Sale of Property 925.000 748.355 1.673.355
All other Downtown Redevelopment Constr. Fund accounts 0 0 0
Totsl Downtown Redevelopment Constr. Fund 949.000 1~080,779 2.029,779
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year from January 1, 2001 through December 31, 2001
Revenues
Odginal Amended
Item Revenue increase Revenue
No. Fund/Pro, ram/Classification Account # Account Description Estimate (Decrease) Estimate
Street Improvement Construction Pund
30 Other Taxes 5600000-417200 Utility Tax- NIGAS 135,200 60,000 195,200
31 Licenses, Permits & Fees 5600000-420100 Vehicle Licenses 232,000 (4,000) 228,000
All other Street Improvement Constr. Fund accounts 1,950,733 0 1,950,733
Total Street Improvement Constr. Fund 2,317,93~3 56,000 2,373,933
Water and Sewer Fund
32 Reimbumements 6100000-470800 Property Damage Reimb. 36,000 13,420 49,420
Ail other Water and Sewer Fund accounts 7,813,350 0 7,813,350
Total Water and Sewer Fund -_ :~. 7,849,350 13,420 7,862,770
Parking System Revenue Fund
33 Intergovernmental Revenues 6300000-435203 Operation Green Light Grant 400,000 (400,000) 0
34 Intergovernmental Revenues 6300000-435204 STP Grant 130,000 (130,000) 0
All other Parking System Revenue Fund accounts 347,400 0 347,400
Total Parking System Revenue Fund 877,400 (530,000) 347,400
Vehicle Replacement Fund
35 Charges for Services 6700000-442810 Engineering Charges 8,512 (6,000) 2,512
All other Vehicle Replacement Fund accounts 1,131,328 0 1.131,328
Total Vehicle Replacement Fund 1,139,840 (6,000) 1,133,840
Computer Replacement Fund
36 Charges for Services 6800000-442750 Public Works Dept Charges 18,563 1.954 20,517
Ail other Computer Replacement Fund accounts ........... - ....... 113,536 0 113,536
Total Computer Replacement Fund ..... ' '' ..... 132,099 1,954 134,053
Total Estimated Revenues
Funds being changed 59,467.849 (5,332,336) 54,135,513
Ail other Village Budget ac. counts 21,806,096 0 21,806,096
Total Estimated Revenues After Changes 81,273,945 (5,332,336) 75,941,609
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year from January t, 2001 through December 3t, 2001
Expenditures
Current Amended
Item Budget Increase Budget
No. Fund/Pre~ram/Classi6cation Account # Account Description Amount (Decrease) Amount
General Fund
Village Manager, Legal Services
37 Contractual Services 0011102-540090 Legal - Special Counsel 40,000 50,000 90,000
Television Services
38 Peraonal Servises 0011202-500000 Full-Time Wages 66,710 3,780 70,490
39 Personal Services 001 t 202-500100 Part-Time Wages 0 8,333 8,333
40 Personal Services 0011202-500200 Seasonal Earnings 2,800 1,200 4,000
41 Personal Services 0011202-500300 Overtime Earnings 3,500 1,500 5,000
42 Employee Benetits 0011202-510000 FICA - Social Security 4,688 918 5,606
43 Employee Bena,fits 0011202-510100 FICA - Medicare 1,096 215 1,311
44 Employee Benefits 0011202-510200 IMRF Expense 4,034 345 4,379
45 Other Employee Costs - ;0011202-520000 Training 1,250 250 1,500
46 Other Employee Costs - D011202-520400 Travel and Meetings 1,600 400 2,000
47 Contractual Services 0011202-540615 Equipt. Maintenance 3,300 1,500 4,800
48 Commodities and Supplies 0011202-570080 Other Supplies 8,500 1,000 9,500
49 Other Equipment 0011202-670001 Cable TV Equipt. - New 9,500 6,000 15,500
Finance Dept., Data Processing
50 Contractual Services 0011703-540610 Computer Maintenance 44,600 14,000 58,600
Con)m. Develop., Planning & Zoning
51 Contractual Services 0012102-540950 Single-Family Rehab 0 132,000 132,000
Police Department Admin.
52 Commodities 0015001-570390 Open House Supplies 3,000 800 3,800
PW Streets, Street Maintenance
53 Contractual Services 0015401-540581 ROW Restoration 16,000 5,800 21,800
Miscellaneous Pensions
54 Pension Benefits 0018201-530100 Retirement Pensions 21 ~170 (~.652) 15,518,
210,578 228,041 438,619
All other General Fund Accounts 27,903,730 0 27.903,730
Total General Fund 28,114,308 228,041 28,342,349
Capital Improvement Fund
Village Improvemeots
55 Other Equipment 5107701-670074 In-Car Video Cameras 0 50,000 50,000
Community Improvements -
56 Land Ireprevements 5107702-620008 Corridor Improvements 240.425 400,000 640,425
57 Inflastroctura 5107702-690005 Residential Streeflights 1,922,047 (1,146,250) 775,797
2,162.472 (696.250) 1.466.222
Ail other Capital Improve. Fd. Accounts t,649,37t 0 1,649,371
Total Capital Improvement Fund 3,811,84~3 (696,250) 3,115,593
Downtown Redevelopment Construction Fund
Downtown Redevelopment Costs
58 Other Expenses 5507703-590035 Site Clean-up 370,000' 100,000 470,000
59 Other Expenses 5507703-590600 Developers Incentive 0 50,00(3 ~ 50,000
370.000" 150,000 ' 520,000
Ail other Downtown Redevelopment Constr. Fd. Accounts 1,403,792 0 1,403,792
Total Downtown Redevelopment Constr. Fund 1,773,792 __ 150,000 1,923,79.___.~_~2
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 2
Fiscal Year from January 1,200t through December 3t, 2001
Expenditures
Current Amended
Item Budget Increase Budget
No, Fund/Pro~ram/Classification Account # Account Description Amount (Decrease) Amount
Flood Control Constr. Fd
Flood Control Projects
60 Infrastructure 5907704-690102 Weller Creek Improvements 2,354,080 (680,000) 1,674,080
All other Flood Control Constr, Fd accounts 517,862 0 517,862
Total Flood Control Constr. Fund 2,871,942 (680,000) 2,191,942
Water and Sewer Fund
Sanitary Sewer Maint. & Repair
61 Contractual Services 61055094540777 Sewer Repair/Replacement 76,350 13,420 89,770
Ail other Water and Sewer Fd account_s. 8,184,955 0 8,184,955
Total Water and Sewer Fund 8,261,30~5 13,420 8,274,725
Parking System Revenue Fund
Village Improvements
62 Building Improvements 6307701-640014 Train Station Improvements 660,000 (530,000) 130,000
All other Parking System Revenue Fund accounts 280,895 0 280;895
Total Parking System Revenue Fund 940,895 (530,000) 410,895
Risk Management Fund
Casualty and Property insurance
63 Insurance 6908501-560202 Liability Claim~ 100 000 .100,000 200,000
64 Insurance 6908501-560204 Workem Comp Claims 390,000 (100,000) 290,000
490,000 0 490,000
Ail other Risk Management Fund accounts 3,045,903 0 3,045,903
Total Risk Management Fund 3,535,903 0 3,535,903
Total Village Budget
Funds being changed 49,309,988 (1,514,789) 47,795,199
Ail other Village Budget accounts 21,577,195 0 21,577,195
Total Village Budget after Changes 70,887,183 (1,514,789) 69,372,394