HomeMy WebLinkAbout5. Old Business 12/21/2010 NOTICE OF PROPOSED PROPERTY TAX LEVY
FOR THE VILLA$E OF MOUNT PROSPECT
I. A public hearing to a proposed property tax
levy for of Mount Prospect for the fiscal
year begirming January 1, 2010 and ending December
31, 2010 di be held on December 21, 2010 at 7:00
p.m. at the Mount Prospect Village Board Room, 50
South Emerson Street, Mount Prospect, Illinois. Any
person desh'lag to appear at the public hearing and
present testimony to the dng district may contact
David 0. Erb, Anne Director„ 50 South Emerson
Street, Mount Prospect, Illinois (847) 392.6000.
11. The corporate and purpose Property twee
extended or.abatadfortefiscc par begi hgJaurary1,
2009 and wed Deader 31,2009 were $11;048,257.
The Rogue corporate and special pure party
taxes to be levied for the fiscal year begiming Jemmy
1, 2110 and ending De ver 31, 2010 are $11,260,400.
This vents a 1.01% increase over the previous year.
M. The properly taxes tended for debt service for the
fiscal year hefting January 1, 2009 and ended
December 31, 2009 were $3,206,456.
The estimated property taxes to be levied for debt
service for the fiscal year beginning January 1, 2010
and endhgbecember31, 2010 are $3,441,779. This
represents a 7.34% irmrease from the previous year.
IV. The total property taxes extended or abated for the
fiscal year beg 9 January 1, 2009 and ended
December 31, 2009 were $24,254,713.
The estimated total property taxes to be levied for
the fiscal year beginning January 1, 2010 and ending
• December 31,2010 are $24,702,179. This represents
a 1.84% increase over the previous year.
Dated this 9th day of December 2010.
is/ M. UsaAngeil
Village Clerk
Mourn Prospect
Village of Mount Prospect
M i )
Mount Prospect, Illinois
INTEROFFICE MEMORANDUM
TO: MICHAEL E. JANONIS, VILLAGE MANAGER
iNT►• 11,‘
FROM: FINANCE DIRECTOR 1
DATE: NOVEMBER 29, 2010 \ 41119
SUBJECT: 2010 GENERAL CORPORATE AND SPECIAL SERVICE AREA PROP X VY
AND ABATEMENT ORDINANCES
PURPOSE:
To obtain approval of the attached three ordinances related to the tax levies of the Village, the Mount Prospect
Public Library, and the Village's special service area.
BACKGROUND:
Prior to December 28, 2010 the Village must have on file with the County Clerk its 2010 tax levy ordinances.
The Village will receive proceeds from the 2010 tax levy in 2011.
The Village Board first discussed the proposed 2010 tax levy at its October 26th Committee of the Whole
meeting. Per Village Board directive, staff is bringing forward a net Village tax levy of $15,194,638, a zero -
percent (0.00 %) increase from the prior year.
The Mount Prospect Library Board approved their tax levy request at its meeting on October 21, 2010. They are
asking for a total levy, inclusive of a 2% provision for loss and cost, of $9,507,541. This represents an increase
of 4.94% over the 2009 levy.
DISCUSSION:
The following table compares the proposed 2010 levy to the 2009 levy for the Village and Library. The amounts
presented in the table are net of abatements and are inclusive of the 2% provision for loss and cost.
2009 Lew 2010 Lew $ Increase % Chanae
VILLAGE
General 8,044,484 6,921,544 (1,122,940) (13.96 %)
Refuse 1,785,000 1,785,000 0 0.00%
Debt Service 1,541,634 1,787,739 246,105 15.96%
Police Pension 2,055,987 2,516,878 460,891 22.42%
Fire Pension 1,767,533 2,183,477 415,944 23.53%
Total Village 15,194,638 15,194,638 0 0.00%
LIBRARY
Operations 7,395,253 7,853,500 458,247 6.20%
Debt Service 1,664,822 1,654,041 (10,781) (0.65 %)
Total Library 9,060,075 9,507,541 447,466 4.94%
TOTAL 24,254,713 24.702,179 447.45 L 4&
A detailed spreadsheet of all proposed levies, including detailed levies for each outstanding bond issue, is also
attached. � ,—�
2010 Property Tax Levy
November 29, 2010
Page 2
The Village's 2009 equalized assessed valuation (EAV) is $2,017,411,353. Our 2010 EAV is estimated to
increase approximately 12.0% from the prior year based on historical trends dating back to 1993. This
projection is subject to change based on the significant adjustments made by the Cook County Assessor for the
2009 values. The final 2010 EAV will not be available until August 2011. The Village's 2010 tax rate is
expected to decrease to $0.672 from the 2009 rate of $0.754. This is due to the increase in the estimated EAV
from the prior year (12.00 %) and holding the line on the property tax at 2009 levels. The Library's 2010 tax rate
is estimated at $0.421, compared to the 2009 rate of $0.450.
For illustration purposes only, a home with an EAV of $113,000 (a market value of approximately $350,000) in
2010 will pay taxes of $854 to the Village of Mount Prospect and $535 to the Library for the levy extended in
2010. Assuming valuations do not change, the Village portion of the levy for a typical home will not change
while the increase in the Library levy is $25 from the levy extended in 2009. These amounts will vary based
on eligible tax reductions for homeowner or senior exemptions or senior assessment freezes.
Special Service Area No. 5 was created in the mid - eighties to help fund the delivery of Lake Michigan water to
the Village's water system. It is recommended the 2010 levy remain the same as the 2009 levy ($1,545,773).
The resulting tax rate is estimated to be $0.947.
The Village Board is being asked to consider three ordinances related to the 2010 tax levy. Two of the
ordinances establish the initial levy of the Village (including the Library) and the Village's special service area.
The third is an abatement ordinance that reduces a portion of the Series 2009C debt service tax levy
established by its bond ordinance. The abatement is the result of issuing these bonds as Build America Bonds
(BAB). The BAB's provide a federal subsidy of 35% of the interest paid on the bonds to the issuer which
lowers the overall cost of borrowing. The subsidy is used to abate a portion of the tax levy for debt service.
The BAB subsidy for 2011 is $47,258.
RECOMMENDATION:
It is recommended the Village Board approve the attached 2010 property tax levy ordinances.
/(
Attachment
DOE/
I: \Property Taxes\2010 Levy \Levy Ordinance Cover Memo to Board - 2010.doc
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF MOUNT
PROSPECT FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2010 AND ENDING
DECEMBER 31, 2010
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the day of , 2010
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the day of , 2010.
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF MOUNT
PROSPECT FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2010 AND ENDING
DECEMBER 31, 2010
NOW, THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the
Village of Mount Prospect, Cook County, Illinois, as follows:
Section 1: That the sum of Twenty -Four Million Two Hundred Seventeen Thousand Eight
Hundred and Twenty -Two Dollars ($24,217,822), the same being the total amount to be
levied of budget appropriations heretofore made for the corporate and municipal purposes for
the fiscal year beginning January 1, 2010 and ending December 31, 2010 as approved by the
President and Board of Trustees of the Village of Mount Prospect, be and the same is hereby
levied on all taxable property within the Village of Mount Prospect according to the
valuation of said property as is, or shall be assessed or equalized by the State and County
purposes for the current year 2010.
Section 2: The budgetary appropriations having been made by the President and
Board of Trustees of the Village of Mount Prospect were passed and approved by
Ordinance No. 5779 at a meeting hereof regularly convened and held in said Village of
Mount Prospect, Illinois, on the 15th day of December, 2009, and as amended by
Ordinance No. 5790 passed and approved on the 16 day of March, 2010 and thereafter
duly published according to law, the various objects and purposes for said budgetary
appropriations are heretofore made and set forth under the column entitled "Amount
Budgeted ", and the specific amount herein levied for each object and purpose is set forth
under the column entitled "Amount Levied ", in Articles I through IX.
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE I - GENERAL FUND
01 Public Representation
01 Mayor and Board of Trustees
Personal Services 30,983 0
Employee Benefits 5,070 0
Other Employee Costs 4,400 0
Contractual Services 75,853 0
Utilities 455 0
Commodities & Supplies 3,500 0
Total Mayor and Board of Trustees 120,261 0
02 Advisory Boards and Commissions
Personal Services 3,328 0
Employee Benefits 1,221 0
Contractual Services 1,000 0
Commodities & Supplies 600 0
Total Advisory Boards and Commissions 6,149 0
Total Public Representation 126,410 0
I 1 Village Administration
01 Village Manager's Office
Personal Services 433,709 0
Employee Benefits 116,215 0
Other Employee Costs 9,650 0
Contractual Services 4,628 0
Utilities 4,277 0
Commodities & Supplies 6,450 0
Office Equipment 300 0
Total Village Manager's Office 575,229 0
02 Legal Services
Contractual Services 538,250 0
Total Legal Services 538,250 0
03 Personnel Services
Personal Services 170,230 0
Employee Benefits 57,001 0
Other Employee Costs 10,200 0
Contractual Services 26,550 0
Commodities & Supplies 900 0
Office Equipment 300 0
Total Personnel Services 265,181 0
2
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
04 Management Information Systems
Personal Services 345,123 0
Employee Benefits 124,298 0
Other Employee Costs 5,500 0
Contractual Services 390,772 0
Utilities 3,850 0
Commodities & Supplies 4,150 0
Office Equipment 18,500 0
Total Management Information Systems 892,193 0
05 Public Information
Personal Services 62,373 0
Employee Benefits 23,701 0
Other Employee Costs 2,850 0
Contractual Services 155,000 0
Utilities 474 0
Commodities & Supplies 3,700 0
Total Public Information 248,098 0
Total Village Administration 2,518,951 0
12 Television Services Division
02 Cable TV Operations
Personal Services 83,019 0
Employee Benefits 33,231 0
Other Employee Costs 700 0
Contractual Services 10,089 0
Utilities 1,600 0
Commodities & Supplies 4,000 0
Other Equipment 7,000 0
Total Cable TV Operations 139,639 0
04 Intergovernmental Programming
Personal Services 31,175 0
Employee Benefits 10,946 0
Other Employee Costs 17,289 0
Commodities & Supplies 1,500 0
Other Equipment 1,500 0
Total Intergovernmental Programming 62,410 0
Total Television Services Division 202,049 0
3
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
14 Village Clerk's Office
02 Village Clerk's Office
Personal Services 126,804 0
Employee Benefits 47,646 0
Other Employee Costs 1,485 0
Contractual Services 29,679 0
Utilities 1,549 0
Commodities & Supplies 1,480 0
Total Village Clerk's Office 208,643 0
17 Finance Department
01 Finance Administration
Personal Services 148,674 0
Employee Benefits 44,193 0
Other Employee Costs 5,650 0
Contractual Services 138,238 0
Utilities 4,900 0
Commodities & Supplies 17,765 0
Office Equipment 400 0
Total Finance Administration 359,820 0
02 Accounting
Personal Services 343,383 0
Employee Benefits 139,805 0
Contractual Services 4,525 0
Commodities 4,080 0
Total Accounting 491,793 0
05 Insurance Program
Personal Services 59,499 0
Employee Benefits 19,662 0
Insurance 232,711 0
Total Insurance Program 311,872 0
06 Customer Services
Personal Services 270,526 0
Employee Benefits 101,521 0
Contractual Services 38,450 0
Commodities & Supplies 10,315 0
Total Customer Services 420,812 0
4
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
07 Cash Management
Personal Services 21,475 0
Employee Benefits 6,941 0
Total Cash Management 28,416 0
Total Finance Department 1,612,713 0
21 Community Development Department
01 Community Development Administration
Personal Services 178,256 0
Employee Benefits 67,788 0
Other Employee Costs 1,650 0
Contractual Services 10,000
Utilities 2,892 0
Commodities & Supplies 1,010 0
Total Community Development Administration 261,596 0
02 Planning & Zoning
Personal Services 169,853 0
Employee Benefits 68,021 0
Other Employee Costs 4,987 0
Contractual Services 82,712 0
Utilities 1,955 0
Commodities & Supplies 6,088 0
Total Planning & Zoning 333,616 0
03 Economic Development
Personal Services 56,452 0
Employee Benefits 15,931 0
Other Employee Costs 1,500 0
Contractual Services 20,000 0
Total Economic Development 93,883 0
05 Building Inspections
Personal Services 568,980 0
Employee Benefits 226,735 0
Other Employee Costs 16,328 0
Contractual Services 111,253 0
Utilities 8,086 0
Commodities & Supplies 9,530 0
Total Building Inspections 940,912 0
5
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
06 Housing Inspections
Personal Services 343,295 0
Employee Benefits 131,813 0
Other Employee Costs 5,381 0
Contractual Services 37,356 0
Utilities 2,901 0
Commodities & Supplies 5,000 0
Computer Equipment 4,200 0
Total Housing Inspections 529,946 0
07 Health Inspections
Personal Services 85,190 0
Employee Benefits 30,857 0
Other Employee Costs 1,400 0
Contractual Services 6,296 0
Utilities 1,837 0
Commodities & Supplies 2,513 0
Total Health Inspections 128,093 0
Total Community Development Dept. 2,288,046 0
31 Human Services Department
01 Human Services Administration
Personal Services 101,273 0
Employee Benefits 42,758 0
Other Employee Costs 1,700 0
Contractual Services 17,925 0
Utilities 11,054 0
Commodities & Supplies 8,665 0
Office Equipment 700 0
Total Human Services Administration 184,075 0
02 Social Services
Personal Services 289,413 0
Employee Benefits 97,780 0
Other Employee Costs 1,520 0
Commodities & Supplies 1,000 0
Total Social Services 389,713 0
6
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
03 Nursing/Health Services
Personal Services 118,064 0
Employee Benefits 39,064 0
Other Employee Costs 7,111 0
Contractual Services 52,400 0
Commodities & Supplies 22,450 0
Total Nursing/Health Services 239,089 0
04 Senior Center Leisure Programs
Personal Services 19,600 0
Employee Benefits 8,371 0
Contractual Services 7,500 0
Commodities & Supplies 350 0
Total Senior Programs 35,821 0
05 Community Connections Center
Personal Services 161,462 0
Employee Benefits 53,714 0
Other Employee Costs 2,250 0
Contractual Services 76,343 0
Utilities 3,702 0
Commodities & Supplies 6,600 0
Office Equipment 2,000 0
Total Community Connections Center 306,071 0
Total Human Services Department 1,154,769 0
41 Police Department
01 Police Administration
Personal Services 1,024,934 0
Employee Benefits 2,684,296 0
Other Employee Costs 134,500 0
Contractual Services 59,898 0
Utilities 33,160 0
Commodities & Supplies 21,220 0
Office Equipment 600 0
Total Police Administration 3,958,608 0
7
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
02 Patrol and Traffic Enforcement
Personal Services 7,121,100 3,588,935
Employee Benefits 1,247,765 0
Contractual Services 499,800 0
Commodities & Supplies 64,250 0
Office Equipment 5,150 0
Other Equipment 6,200 0
Total Patrol and Traffic Enforcement 8,944,265 3,588,935
03 Crime Prevention & Public Services
Personal Services 205,060 0
Employee Benefits 36,905 0
Other Employee Costs 4,300 0
Contractual Services 3,800 0
Commodities & Supplies 21,845 0
Total Crime Prevention & Public Services 271,910 0
04 Investigative and Juvenile Program
Personal Services 1,110,370 0
Employee Benefits 175,236 0
Contractual Services 25,700 0
Commodities & Supplies 4,550 0
Office Equipment 400
Other Equipment 500
Total Investigative and Juvenile Program 1,316,756 0
05 Crossing Guards
Personal Services 29,090 0
Employee Benefits 2,240 0
Commodities & Supplies 150 0
Total Crossing Guards 31,480 0
06 Equipment Maintenance & Operations
Contractual Services 491,345 0
Commodities & Supplies 15,300 0
Other Equipment 8,500 0
Total Equipment Maintenance & Operations 515,145 0
Total Police Department 15,038,164 3,588,935
8
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
42 Fire Department
01 Fire Administration
Personal Services 580,692 0
Employee Benefits 2,215,883 0
Other Employee Costs 70,250 0
Contractual Services 43,200 0
Commodities & Supplies 8,000 0
Office Equipment 9,000 0
Other Equipment 6,000 0
Total Fire Administration 2,933,025 0
02 Fire Department Operations
Personal Services 6,338,063 3,195,441
Employee Benefits 960,576 0
Other Employee Costs 49,800 0
Contractual Services 142,355 0
Commodities & Supplies 25,595 0
Building Improvements 3,800 0
Other Equipment 58,580 0
Total Fire Department Operations 7,578,769 3,195,441
03 Fire Training Academy
Personal Services 9,000 0
Employee Benefits 131 0
Commodities & Supplies 5,000 0
Total Fire Training Academy 14,131 0
04 Fire Prevention
Personal Services 435,720 0
Employee Benefits 152,050 0
Other Employee Costs 6,455 0
Contractual Services 1,400 0
Commodities & Supplies 7,800 0
Other Equipment 300 0
Total Fire Prevention 603,725 0
05 Fire Communications
Contractual Services 11,300 0
Utilities 38,311 0
Commodities & Supplies 3,500 0
Other Equipment 2,500 0
Total Fire Communications 55,611 0
9
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
06 Equipment Maintenance
Contractual Services 197,700 0
Commodities & Supplies 250
Total Equipment Maintenance 197,950 0
07 Emergency Preparedness
Personal Services 20,352 0
Employee Benefits 3,549 0
Other Employee Costs 2,000 0
Contractual Services 15,710 0
Commodities & Supplies 20,825 0
Total Emergency Preparedness 62,436 0
08 Paid -On -Call Program
Personal Services 18,340 0
Employee Benefits 1,405 0
Other Employee Costs 12,375 0
Other Equipment 1,060 0
Total Paid -On -Call Program 33,180 0
Total Fire Department 11,478,827 3,195,441
50 Public Works - Administration
01 Public Works Administration
Personal Services 234,319 0
Employee Benefits 149,319 0
Other Employee Costs 25,802 0
Contractual Services 538,489 0
Utilities 19,470 0
Commodities & Supplies 15,169 0
Other Equipment 255 0
Total Public Works Administration 982,823 0
51 Public Works - Streets /Bldgs/Parking
01 Street Division Administration
Personal Services 127,374 0
Employee Benefits 34,492 0
Total Street Division Administration 161,866 0
10
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
02 Maintenance of Public Buildings
Personal Services 411,298 0
Employee Benefits 135,844 0
Contractual Services 290,729 0
Utilities 73,193 0
Commodities & Supplies 99,341 0
Total Maintenance of Public Buildings 1,010,405 0
04 Street Maintenance
Personal Services 183,216 0
Employee Benefits 53,191 0
Contractual Services 18,185 0
Commodities & Supplies 24,888 0
Infrastructure 40,000 0
Total Street Maintenance 319,480 0
05 Snow Removal
Personal Services 304,848 0
Employee Benefits 71,105 0
Contractual Services 80,576 0
Commodities & Supplies 12,855 0
Total Snow Removal 469,384 0
07 Storm Sewer and Basin Maintenance
Personal Services 61,293 0
Employee Benefits 32,463 0
Contractual Services 11,670 0
Commodities & Supplies 7,231 0
Total Storm Sewer and Basin Maintenance 112,657 0
08 Maintenance of State Highways
Personal Services 24,995 0
Employee Benefits 8,212 0
Contractual Services 11,742 0
Commodities & Supplies 25,445 0
Total Maintenance of State Highways 70,394 0
11
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
09 Traffic Sign Maintenance
Personal Services 81,721 0
Employee Benefits 26,446 0
Commodities & Supplies 13,877 0
Total Traffic Sign Maintenance 122,044 0
Total Public Works - Streets/Bldgs/Parking 2,266,230 0
52 Public Works - Forestry/Grounds
01 Forestry Division Administration
Personal Services 181,056 0
Employee Benefits 56,707 0
Total Forestry Division Administration 237,763 0
02 Maintenance of Grounds
Personal Services 261,279 0
Employee Benefits 81,900 0
Contractual Services 121,486 0
Commodities & Supplies 8,656 0
Total Maintenance of Grounds 473,321 0
03 Forestry Program
Personal Services 295,107 0
Employee Benefits 99,671 0
Other Employee Costs 3,662 0
Contractual Services 570,196 0
Commodities & Supplies 10,702 0
Total Forestry Program 979,338 0
04 Public Grounds Beautification
Personal Services 24,137 0
Employee Benefits 8,052 0
Contractual Services 7,630 0
Commodities & Supplies 32,191 0
Total Public Grounds Beautification 72,010 0
Total Public Works - Forestry/Grounds 1,762,432 0
12
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
52 Public Works - Engineering
01 Engineering Services
Personal Services 599,672 0
Employee Benefits 179,361 0
Other Employee Costs 3,552 0
Contractual Services 39,619 0
Commodities & Supplies 7,105 0
Office Equipment 546 0
Other Equipment 1,638 0
Total Engineering Services 831,493 0
05 Traffic Control & Street Lighting
Personal Services 101,728 0
Employee Benefits 31,839 0
Contractual Services 5,307 0
Utilities 75,000 0
Commodities & Supplies 25,750 0
Total Traffic Signals & Street Lighting 239,624 0
Total Public Works - Engineering 1,071,117 0
61 Community Service Programs
01 Community Groups & Misc.
Contractual Services 128,400 0
Other Expenditures 8,000 0
Total Community Groups & Misc. 136,400 0
03 4th of July & Civic Events, Etc.
Personal Services 91,054 0
Employee Benefits 15,873 0
Contractual Services 25,995 0
Commodities & Supplies 34,330 0
Total 4th of July & Civic Events, Etc. 167,252 0
04 Holiday Decorations
Personal Services 7,797 0
Employee Benefits 2,643 0
Contractual Services 53,390 0
Commodities & Supplies 17,500 0
Total Holiday Decorations 81,330 0
13
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
05 Blood Donor Program
Personal Services 1,880 0
Employee Benefits 144 0
Commodities & Supplies 750 0
Total Blood Donor Program 2,774 0
Total Community Service Programs 387,756 0
82 Retiree Pensions
01 Miscellaneous Pensions
Pension Benefits 46,600 0
Total Miscellaneous Pensions 46,600 0
Total Retiree Pensions 46,600 0
TOTAL GENERAL FUND 41,145,530 6,784,376
TOTAL BUDGET FOR GENERAL FUND 41,145,530
AMOUNT TO BE RAISED BY TAX LEVY 6,784,376
ADD 2% FOR LOSS & COST OF COLLECTION 135,688
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR GENERAL FUND 6,920,064
14
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE II - REFUSE DISPOSAL FUND
56 Public Works - Refuse Disposal
01 Refuse Disposal Program
Personal Services 95,002 0
Employee Benefits 30,547 0
Other Employee Costs 1,200 0
Contractual Services 3,853,608 1,750,000
Utilities 572 0
Insurance 22,734 0
Commodities & Supplies 15,710 0
Total Refuse Disposal Program 4,019,373 1,750,000
2 Refuse Leaf Removal Program
Personal Services 156,940 0
Employee Benefits 46,601 0
Commodities & Supplies 18,027 0
Total Leaf Removal Program 221,568 0
TOTAL REFUSE DISPOSAL FUND 4,240,941 1,750,000
TOTAL BUDGET FOR REFUSE DISPOSAL FUND 4,240,941
AMOUNT TO BE RAISED BY TAX LEVY 1,750,000
ADD 2% FOR LOSS & COST OF COLLECTION 35,000
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR REFUSE DISPOSAL FUND 1,785,000
ARTICLE III - SERIES 2003 DEBT SERVICE FUND, PUBLIC BUILDINGS
81 Debt Service
02 G.O.Bonds - Property Taxes
Bond Principal 550,000 550,000
Interest Expense 363,508 363,508
Bank and Fiscal Fees 600 0
Total G.O.Bonds - Property Taxes 914,108 913,508
Total Debt Service 914,108 913,508
TOTAL SERIES 2003 DEBT SERVICE FUND 914,108 913,508
TOTAL BUDGET FOR SERIES 2003 DEBT SERVICE FUND, PUBLIC BUILDINGS 914,108
AMOUNT TO BE RAISED BY TAX LEVY 913,508
ADD 2% FOR LOSS & COST OF COLLECTION 18,270
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2003 DEBT SERVICE FUND, PUBLIC BUILDINGS 931,778
15
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE IV - SERIES 2009 DEBT SERVICE FUND, PUBLIC BUILDINGS
81 Debt Service
02 G.O.Bonds - Property Taxes
Bond Principal 0 0
Interest Expense 417,263 417,263
Bank and Fiscal Fees 400 0
Total G.O.Bonds - Property Taxes 417,663 417,263
Total Debt Service 417,663 417,263
TOTAL SERIES 2009 DEBT SERVICE FUND 417,663 417,263
TOTAL BUDGET FOR SERIES 2009 DEBT SERVICE FUND, PUBLIC BUILDINGS 417,663
AMOUNT TO BE RAISED BY TAX LEVY 417,263
ADD 2% FOR LOSS & COST OF COLLECTION 8,345
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2009 DEBT SERVICE FUND, PUBLIC BUILDINGS 425,608
ARTICLE V - SERIES 2009B DEBT SERVICE FUND, REFUNDING (SERIES 2001)
81 Debt Service
02 G.O.Bonds - Property Taxes
Bond Principal 230,000 230,000
Interest Expense 105,600 105,600
Bank and Fiscal Fees 400 0
Total G.O.Bonds - Property Taxes 336,000 335,600
Total Debt Service 336,000 335,600
TOTAL SERIES 2009B DEBT SERVICE FUND 336,000 335,600
TOTAL BUDGET FOR SERIES 2009B DEBT SERVICE FUND, PUBLIC BUILDINGS 336,000
AMOUNT TO BE RAISED BY TAX LEVY 335,600
ADD 2% FOR LOSS & COST OF COLLECTION 6,712
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2009B DEBT SERVICE FUND, PUBLIC BUILDINGS 342,312
16
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE VI - SERIES 2009C DEBT SERVICE FUND, PUBLIC BUILDINGS
81 Debt Service
02 G.O.Bonds - Property Taxes
Bond Principal 0 0
Interest Expense 135,023 87,765
Bank and Fiscal Fees 400 0
Total G.O.Bonds - Property Taxes 135,423 87,765
Total Debt Service 135,423 87,765
TOTAL SERIES 2009C DEBT SERVICE FUND 135,423 87,765
TOTAL BUDGET FOR SERIES 2009C DEBT SERVICE FUND, PUBLIC BUILDINGS 135,423
AMOUNT TO BE RAISED BY TAX LEVY 87,765
ADD 2% FOR LOSS & COST OF COLLECTION 1,755
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SERIES 2009C DEBT SERVICE FUND, PUBLIC BUILDINGS 89,520
ARTICLE VII - POLICE PENSION FUND
82 Retiree Pensions
02 Police Pensions
Pension Benefits 3,092,800 2,467,527
Contractual Services 127,000 0
Insurance 10,000 0
Commodities & Supplies 500 0
Other Expenditures 12,000 0
Total Police Pensions 3,242,300 2,467,527
Total Retiree Pensions 3,242,300 2,467,527
TOTAL POLICE PENSION FUND 3,242,300 2,467,527
TOTAL BUDGET FOR POLICE PENSION FUND 3,242,300
AMOUNT TO BE RAISED BY TAX LEVY 2,467,527
ADD 2% FOR LOSS & COST OF COLLECTION 49,351
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR POLICE PENSION FUND 2,516,878
17
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY
Amount Amount
Budgeted Levied
ARTICLE VIII - FIREFIGHTERS' PENSION FUND
82 Retiree Pensions
03 Firefighters' Pensions
Pension Benefits 2,970,000 2,140,664
Contractual Services 126,500 0
Insurance 12,000 0
Commodities & Supplies 1,000 0
Other Expenditures 12,000 0
Total Firefighters' Pensions 3,121,500 2,140,664
Total Retiree Pensions 3,121,500 2,140,664
TOTAL FIREFIGHTERS' PENSION FUND 3,121,500 2,140,664
TOTAL BUDGET FOR FIREFIGHTERS' PENSION FUND 3,121,500
AMOUNT TO BE RAISED BY TAX LEVY 2,140,664
ADD 2% FOR LOSS & COST OF COLLECTION 42,813
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
FIREFIGHTERS' PENSION FUND 2,183,477
ARTICLE VII - MOUNT PROSPECT LIBRARY FUND
95 Mount Prospect Library
02 Library Services
Component Unit Expenditures 8,083,511 7,699,510
Bond Principal 965,000 965,000
Interest Expense 656,609 656,609
Total Library Services 9,705,120 9,321,119
TOTAL MOUNT PROSPECT LIBRARY FUND 9,705,120 9,321,119
TOTAL BUDGET FOR MOUNT PROSPECT LIBRARY FUND 9,705,120
AMOUNT TO BE RAISED BY TAX LEVY - Component Unit Expenditures 7,699,510
AMOUNT TO BE RAISED BY TAX LEVY - Bond Principal and Interest 1,621,609
ADD 2% FOR LOSS & COST OF COLLECTION 186,422
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
MOUNT PROSPECT LIBRARY FUND 9,507,541
18
VILLAGE OF MOUNT PROSPECT, ILLINOIS
2010 TAX LEVY SUMMARY
Amount Total
to be Raised Amount Tax Levy
Amount by for Loss Incl. Loss
Article Fund Budgeted Tax Levy and Cost and Cost
I General $ 41,145,530 6,784,376 135,688 6,920,064
II Refuse Disposal 4,240,941 1,750,000 35,000 1,785,000
III Series 2003 Debt Service, Public Bldgs. 914,108 913,508 18,270 931,778
IV Series 2009 Debt Service, Public Bldgs. 417,663 417,263 8,345 425,608
V Series 2009B Debt Service, '01 Refunding 336,000 335,600 6,712 342,312
VI Series 2009C Debt Service, Public Bldgs. 135,423 87,765 1,755 89,520
VII Police Pension Fund 3,242,300 2,467,527 49,351 2,516,878
VIII Firefighters' Pension Fund 3,121,500 2,140,664 42,813 2,183,477
Village Totals 53,553,465 14,896,703 297,935 15,194,638
IX Mount Prospect Library
Library Services 8,083,511 7,699,510 153,990 7,853,500
Library Debt Service 1,621,609 1,621,609 32,432 1,654,041
Library Totals 9,705,120 9,321,119 186,422 9,507,541
Village and Library Totals $ 63,258,585 24,217,822 484,357 24,702,179
19
Section 3: The sum of $317,800 is estimated to be received from personal property
replacement tax revenue during the fiscal year commencing January 1, 2010 and ending
December 31, 2010 and has been included herein as funds to be derived from sources other
than property taxes for general obligation bonds and interest, pensions, library services and
general corporate purposes.
Section 4: That the County Clerk is directed to add 2% to the requested tax levy as a
provision for loss and cost.
Section 5: That the Village Clerk of the Village of Mount Prospect is hereby directed to
certify a copy of this Ordinance and is hereby authorized and directed to file a copy of the
same with the County Clerk of Cook County, Illinois, within the time specified by law.
Section 6: That, if any part or parts of this Ordinance shall be held to be unconstitutional
or otherwise invalid, such constitutionality or invalidity, shall not affect the validity of the
remaining parts of this Ordinance. The President and Board of Trustees of the Village of
Mount Prospect hereby declares that they would have passed the remaining parts of the
Ordinance of they had known that such parts or parts thereof would be declared
unconstitutional or otherwise invalid.
Section 7: That this Ordinance shall be in full force and effect from and after its passage,
approval, publication in pamphlet form and recording, as provided by law.
AYES:
NAYES:
ABSENT:
PASSED and APPROVED this day of December, 2010.
Irvana K. Wilks, Mayor
ATTEST:
M. Lisa Angell, Village Clerk
20
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER FIVE OF
THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2010 AND ENDING DECEMBER 31, 2010
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the day of , 2010
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
thedayof ,2010.
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR
THE MUNICIPAL PURPOSES OF SPECIAL SERVICE AREA NUMBER FIVE OF
THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2010 AND ENDING DECEMBER 31, 2010
NOW THEREFORE, BE IT ORDAINED BY THE President and Board of Trustees of the Village of
Mount Prospect, Cook County, Illinois:
Section 1: That the sum of One Million Five Hundred Fifteen Thousand Four Hundred Sixty -
Four Dollars ($1,515,464), the same being the total amount to be levied of budget appropriations
heretofore made for the municipal purposes for the fiscal year beginning January 1, 2010, and ending
December 31, 2010, as approved by the President and Board of Trustees of the Village of Mount
Prospect, be and the same is hereby levied on all taxable property within the Special Service Area
Number 5 of the Village of Mount Prospect according to the valuation of said property as is, or shall
be, assessed or equalized by State and County purposes for the current year 2010. The budgetary
appropriations having been made heretofore by the President and Board of Trustees of the Village of
Mount Prospect were passed and approved by Ordinance No. 5779 at a meeting hereof regularly
convened and held in said Village of Mount Prospect, Illinois on the 15 day of December, 2009,
and as amended by Ordinance No. 5790 passed and approved on the 16 day of March, 2010 and
thereafter duly published according to law, the various objects and purposes for said budgetary
appropriations were heretofore made are set forth under the column entitled "Amount Budgeted,"
and the specific amount herein levied for each object and purpose is set forth under the column
entitled "Amount Levied" in Article I.
Section 2: That the County Clerk is directed to add 2% to the requested tax levy as a provision for
loss and cost.
Section 3: That the Village Clerk of the Village of Mount Prospect is hereby directed to certify a
copy of this Ordinance and is hereby authorized and directed to file a copy of the same with the
County Clerk of Cook County, Illinois, within the time specified by law.
Section 4: That, if any part of this Ordinance shall be held to be unconstitutional or otherwise
invalid, such unconstitutionality or invalidity, shall not affect the validity of the remaining parts of
this Ordinance. The President and Board of Trustees of the Village of Mount Prospect hereby
declares that they would have passed the remaining parts of the Ordinance if they had known that
such part or parts thereof would be declared unconstitutional or otherwise invalid.
1
Section 5: That this Ordinance shall be in full force and effect from and after its passage, approval,
publication in pamphlet form and recording, as provided by law.
AYES:
NAYS:
ABSENT:
PASSED and APPROVED this day of , 2010
Irvana K. Wilks, Mayor
ATTEST:
M. Lisa Angell, Village Clerk
2
Amount Amount
Budgeted Levied
ARTICLE 1 - SPECIAL SERVICE AREA NO. 5
050 Lake Water Acquisition
570.001 SSA #5 JAWA Water 2,975,000 834,464
570.004 SSA #5 JAWA Fixed Costs 585,000 681,000
TOTAL APPROPRIATED FOR SPECIAL SERVICE AREA NO. 5
LAKE WATER ACQUISITION 3,560,000
AMOUNT TO BE RAISED BY TAX LEVY 1,515,464
ADD 2% FOR LOSS AND COST OF COLLECTION 30,309
TOTAL AMOUNT TO BE RAISED BY TAX LEVY FOR
SPECIAL SERVICE AREA NO. 5 1,545,773
SUMMARY
Amount Amount to Amount for Total Tax
Article Budgeted be Levied Loss & Cost Levy
I Special Service Area No. 5 3,560,000 1,515,464 30,309 1,545,773
ORDINANCE NO.
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2010 AND ENDING DECEMBER 31, 2010
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the day of , 2010
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois,
the day of , 2010.
ORDINANCE NO.
AN ORDINANCE TO ABATE A PART OF THE TAXES LEVIED FOR
CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF
MOUNT PROSPECT, ILLINOIS FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2010 AND ENDING DECEMBER 31, 2010
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF
MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
Section One: The President and Board of Trustees of the Village of Mount Prospect find as follows:
A. That pursuant to Village Ordinance No. 5772 adopted December 1, 2009 authorizing
the issuance of general obligation bonds for financing a portion of the costs of
constructing a replacement fire station, emergency operations center and public
works expansion there was levied for the year 2010 the sum of $135,022.50 for bond
interest payments.
Section Two: It is hereby declared by the President and Board of Trustees of the Village of Mount
Prospect that the amount of $135,022.50 levied for G.O. Bond Interest payments for the purpose of
funding a portion of the costs of constructing a replacement fire station, emergency operations center
and public works expansion pursuant to Ordinance No. 5772 be and the same is hereby abated in the
amount of $47,257.86 leaving a balance of $87,764.64 as that amount levied for such bond and
interest payments for the fiscal year commencing January 1, 2010 and ending December 31, 2010.
Section Three: Village Ordinance No. 5772 is hereby amended with respect to the tax abatements
declared herein and set forth in Section Two of this Ordinance.
Section Four: The Village Clerk of the Village of Mount Prospect is hereby authorized and directed
to file a certified copy of this Ordinance with the County Clerk of Cook County, Illinois within the
time specified by law:
1
Section Five: This Ordinance shall be in full force and effect upon its passage, approval and
publication in pamphlet form and filing as provided by law.
AYES:
NAYS:
ABSENT:
PASSED and APPROVED this day of , 2010.
Irvana K. Wilks, Mayor
ATTEST:
M. Lisa Angell, Village Clerk
2
Mount Prospect
Village of Mount Prospect
Mount Prospect, Illinois
INTEROFFICE MEMORANDUM
TO: MICHAEL E. JANONIS, VILLAGE MANAGER
TSIS • / 1411/11 4
FROM: FINANCE DIRECTOR IZ 10
DATE: NOVEMBER 29, 2010
SUBJECT: PROPOSED 2011 BUDGET
tk•I
PURPOSE:
To present for the Village Board's consideration an ordinance adopting the annual budget for the fiscal year
beginning January 1, 2011 and ending December 31, 2011.
BACKGROUND:
The Village Manager released his proposed budget on October 15, 2010. Over the past two months the
Finance Commission met four times to review the document. The Village Board, meeting as a Committee of
the Whole, reviewed the document on October 26, November 9 and November 23.
DISCUSSION:
Attached hereto are changes to the proposed 2011 budget that resulted from the above - mentioned meetings
held with the Village Board and Finance Commission.
Changes to the 2011 Proposed Budget
Total Village revenues decreased $66,376 from $86,537,841 to $86,471,465 while total Village
expenditures remain unchanged at $82,619,424. These figures do not include the budget for the
Mount Prospect Public Library. The decrease in revenues appears in the Risk Management Fund
and was due a reduction in employee health contributions as a result of retirements.
Library Fund: At the time the proposed budget was prepared and distributed, the Mount Prospect
Public Library budget, included in the Village's budget as a component unit, was not yet available. The
Library's budget for 2011 reflects revenues and expenditures of $9,801,109. Included in their budget
is $1,622,609 for debt service on the Library's Series 2002 G.O. and Series 2006 refunding bonds the
Village issued on their behalf. A copy of the Library's 2011 budget and 2010 tax levy as approved by
the Library Board is attached for your review.
Changes to 2012 Forecast Budget
Total Village revenues decreased $69,167 from $90,109,993 to $90,040,826 while total Village
expenditures decreased $58,940 from $89,954,414 to $89,895,474. Changes to both revenues and
expenditures are due to adjustments made to health insurance in the General and Risk Management
Funds.
Summary
With the aforementioned changes, the proposed 2011 budget for the Village totals $92,420,533
(including the Library). This represents a 6.1% decrease from the amended 2010 budget. Projected
revenues for the Village in 2011 are $96,272,574. This is a decrease of 2.6 %.
A public hearing on the proposed budget has been scheduled for December 7th. Notice of the public
hearing was published in the Daily Herald on November 26, 2010. The proposed ordinance attached
will officially adopt the budget for the Village of Mount Prospect. Once the ordinance is passed, the
Finance Department will revise the budget document to incorporate the approved changes. We
expect to have the approved budget document produced no later than January 21st.
I 1
2011 Proposed Budget
November 29, 2010
Page 2
RECOMMENDATION:
It is recommended the Village Board pass the accompanying draft ordinance adopting the 2011 annual
budget.
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ORDINANCE NO.
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT
PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2011 AND ENDING
DECEMBER 31, 2011 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the day of , 2010
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the _ day of , 2010.
RESOLUTION NO. 2010
A RESOLUTION APPROVING AND CERTIFYING
THE 2011 BUDGET AND 2010 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, 2011; 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 2011 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 2010 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 2010 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, 2011, and ending December 31, 2011, the sum of $9,801,109
such to be included within the 2011 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 2010 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: $9,321,119. 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 21, 2010.
Resolution No. 2010 — Page 1 of 2
AYES: Barbara Burns, Dale Draznin, Jane Everett, Sylvia Haas, Jackie Hinaber, Richard Tani,
John Zulaski
NAYS: None
ABSENT: None
PASSED THIS 21 day of October, 2010.
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 21 day of October, 2010.
Resolution No. 2010 — Page 2 of 2
MOUNT PROSPECT PUBLIC LIBRARY EXHIBIT A
2011 Budget and 2010 Tax Levy
2011 Budget 2010 Tax Levy
Fund Amount Request
LIBRARY GENERAL FUND
Salaries & Benefits
4110 Salaries $ 4,703,500 $ 4,503,500
4120 I M R F Pension 415,500 395,000
4130 FICA & M/C 359,800 332,800
4140 Medical Insurance 560,000 530,000
4150 Unemployment Comp 5,500 5,000
Totals $ 6,044,300 $ 5,766,300
Management Expense
4210 Audit $ 4,200 $ 3,500
4220 Legal Fees 40,000 17,500
4230 Printing 37,000 40,000
4240 Community Services 60,400 61,000
4250 Programs 28,700 32,500
4260 Professional Dues 6,100 5,000
4270 Board 4,000 3,000
4280 Human Resources 60,500 60,500
4290 Other Operating Expense 6,000 3,000
Totals $ 246,900 $ 226,000
Operating Expenses
4310 Telecommunications $ 33,900 $ 33,900
4320 Insurance 73,700 73,700
4340 Office Supplies 27,000 27,000
4350 Library Supplies 24,000 24,000
4360 Postage 19,400 19,400
4370 Consultant Services 3,000 3,000
4380 Contract Services 26,800 26,800
4390 Computer Services 45,100 45,000
Totals $ 252,900 $ 252,800
Building Maintenance Costs
4410 Building Maintenance $ 85,500 $ 85,000
4420 Equipment Maintenance 73,300 72,500
4430 Equipment Rental 30,000 30,000
4440 Janitorial 51,500 50,000
4450 Equipment 124,100 124,050
4460 Utilities 77,000 75,000
Totals $ 441,400 $ 436,550
Library Materials
4610 Adult Print 252,900 $ 250,000
4620 Adult AV 83,200 82,500
4630 Youth Print 140,000 137,500
4640 Youth AV 41,100 40,000
4650 Subscriptions 21,400 20,000
(Continued On the Next Page)
Resolution No. 2010 - Exhibit A - Page 1 of 2
MOUNT PROSPECT PUBLIC LIBRARY EXHIBIT A
2011 Budget and 2010 Tax Levy
2011 Budget 2010 Tax Levy
Fund Amount Request
LIBRARY GENERAL FUND (Continued)
Library Materials (Continued)
4660 Electronic Resources $ 130,400 $ 125,000
4661 Electronic Media 8,300 7,500
4662 Electronic Services 18,900 17,500
4670 Microform 14,400 14,000
4680 Processing Supplies 50,400 47,500
Totals $ 761,000 $ 741,500
GENERAL FUND TOTALS $ 7,746,500 $ 7,423,150
BUILDING & EQUIPMENT FUND
7705 Equipment & Building $ 282,000 $ 276,360
7730 Other Building Projects - -
7735 Trans to Library Operating 50,000 -
BUILDING FUND TOTALS $ 332,000 $ 276,360
TOTAL GENERAL FUND & BUILDING FUND $ 8,078,500 $ 7,699,510
DEBT SERVICE FUND
3701 Interest Payments $ 656,609 656,609
3711 Principal Payments 965,000 965,000
3800 Fiscal Agent Fees 1,000 -
DEBT SERVICE FUND TOTALS $ 1,622,609 $ 1,621,609
GIFT FUND
8740 Library Special Projects $ 75,000 $ -
8990 Contingencies 25,000
GIFT FUND TOTALS $ 100,000 $ -
ALL FUNDS - TOTALS $ 9,801,109 $ 9,321,119
2009 TAX LEVY SUMMARY
Levy Total
Request 2% Loss Tax Levy
Library Fund Levy (General Fund & Building Fund) $ 7,699,510 $ 153,990 $ 7,853,500
Library Bonds & Interest Levy 1,621,609 32,432 1,654,041
TOTAL LIBRARY TAX LEVY $ 9,321,119 $ 186,422 $ 9,507,541
Resolution No. 2010 - Exhibit A - Page 2 of 2
ORDINANCE NO.
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT
PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2011 AND ENDING
DECEMBER 31, 2011 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, 2011 and
ending December 31, 2011, 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 15, 2010 for public inspection, as provided by Statute;
and
WHEREAS, pursuant to notice duly published on November 26, 2010, a public hearing was held by the President and Board of
Trustees on said tentative annual budget on December 7, 2010, as provided by Statute; and
WHEREAS, following said public hearing, said tentative Annual Budget was reviewed by the President and Board of Trustees 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, 2011 and ending
December 31, 2011, 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, 2011 and ending December 31, 2011, 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:
NAYS:
ABSENT:
PASSED AND APPROVED this day of , 2010.
ATTEST: Irvana K. Wilks, Mayor
M. Lisa Angell, Village Clerk
VILLAGE OF MOUNT PROSPECT
2011 BUDGET SUMMARY
TOTAL VILLAGE BUDGET
2009 2010 2010 2011 2012
Actual Budget Estimate Budget Forecast
REVENUES AND OTHER SOURCES
Property Taxes 18,063,816 19,147,000 19,195,500 19,200,500 19,992,500
Other Taxes 10,707,344 12,067,000 11,147,000 11,340,000 11,458,000
Licenses, Permits & Fees 2,995,425 2,770,000 2,815,000 2,721,000 2,721,000
Intergovernmental Revenue 17,331,027 18,127,147 18,632,898 17,853,977 18,309,703
Charges for Services 20,342,701 21,469,380 19,407,244 20,872,719 22,277,354
Fines & Forfeitures 749,933 857,000 761,440 786,000 786,000
Investment Income 10,760,797 5,696,250 604,950 5,325,400 5,720,900
Reimbursements 363,966 549,500 533,479 403,279 409,779
Other Revenue 6,352,003 7,431,660 7,432,421 7,916,590 8,313,590
Interfund Transfers 648,940 973,505 861,000 - -
Other Financing Sources 16,433,381 50,000 52,000 52,000 52,000
Village Revenues & Other Sources 104,749,333 89,138,442 81,442,932 86,471,465 90,040,826
Mount Prospect Library Revenues 8,895,479 9,715,689 9,715,689 9,801,109 (a)
Total Revenues & Other Sources 113,644,812 98,854,131 91,158,621 96,272,574 90,040,826
BUDGET EXPENDITURES
Village Operating Budget 55,758,166 60,636,364 59,837,910 57,221,278 59,719,466
Village Capital Budget 16,273,008 10,747,253 11,972,400 7,398,407 11,463,264
Debt Services Budget 5,972,942 2,325,880 2,171,063 2,416,548 2,460,172
Pension Systems Budget 6,133,454 6,410,400 6,413,461 6,892,046 7,086,451
Internal Services Budget (b) 8,124,557 8,668,309 7,843,971 8,691,145 9,166,121
Village Expenditures 92,262,127 88,788,206 88,238,805 82,619,424 89,895,474
Mount Prospect Library Revenues 9,059,221 9,715,689 9,715,689 9,801,109 (a)
Total Expenditures (d) 101,321,348 98,503,895 97,954,494 92,420,533 89,895,474
CHANGES IN FUND BALANCE
Excess (Deficiency) of Revenues & (d)
Other Sources Over Expenditures 12,323,464 350,236 (6,795,873) 3,852,041 145,352
Fund Balance
Start of Budget Year 101,410,874 113,734,338 113,734,338 106,938,465 110,790,506
End of Budget Year 113,734,338 114,084,574 106,938,465 110,790,506 110,935,858
Less: Pension Fund Balances (c) (81,821,230) (86,227,230) (81,452,819) (85,598,936) (90,253,790)
Available Fund Balance 31,913,108 27,857,344 25,485,646 25,191,570 20,682,068
(a) Not available as of December 7, 2010.
(b) Internal Service Budget includes Vehicle Maintenance Fund and Risk Management Fund. The Equipment
Replacement Fund and Computer Replacement Funds are included in the Village Capital Fund.
(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 2012 Forecast.
VILLAGE OF MOUNT PROSPECT
2011 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY REVENUE TYPE
2009 2010 2010 2011 2012
Actual Budget Estimate Budget Forecast
VILLAGE REVENUES BY TYPE:
Property Taxes 18,063,816 19,147,000 19,195,500 19,200,500 19,992,500
Other Taxes 10,707,344 12,067,000 11,147,000 11,340,000 11,458,000
Licenses, Permits & Fees 2,995,425 2,770,000 2,815,000 2,721,000 2,721,000
Intergovernmental Revenue 17,331,027 18,127,147 18,632,898 17,853,977 18,309,703
Charges for Services 20,342,701 21,469,380 19,407,244 20,872,719 22,277,354
Fines & Forfeitures 749,933 857,000 761,440 786,000 786,000
Investment Income 10,760,797 5,696,250 604,950 5,325,400 5,720,900
Reimbursements 363,966 549,500 533,479 403,279 409,779
Other Revenue 6,352,003 7,431,660 7,432,421 7,916,590 8,313,590
87,667,012 88,114,937 80,529,932 86,419,465 89,988,826
IINTERFUND TRANSFERS 648,940 973,505 861,000 - - I
OTHER FINANCING SOURCES
Bond Proceeds 16,204,536 - - - -
Sale of Property /Other 228,845 50,000 52,000 52,000 52,000
16,433,381 50,000 52,000 52,000 52,000
t , a w ,, , yr, :, s , ,.4 a s 5 ,
1,7,0 iil-vpil:.,s,„;13, (MOUNT PROSPECT LIBRARY REVENUES 8,895,479 9,715,689 9,715,689 9,801,109 (a) I
T' fl N 4 ,,T-11/5171k1' , '� r �" a v het,
n
ak ,, �3x,+ � 'r is s� - Pr° � k a `k r
� �� '�' � t � � , � .� � � � 4� . N _� n om .
CHANGES IN FUND BALANCE
Total Revenues & Other Sources 113,644,812 98,854,131 91,158,621 96,272,574 90,040,826
Total Expenditures 101,321,348 98,503,895 97,954,494 92,420,533 89,895,474
Additions to(Use of)Fund Balances 12,323,464 350,236 (6,795,873) 3,852,041 145,352
ANALYSIS OF CHANGES IN FUND
BALANCE (b)
Additions to (Use of) Pension Fund
Balances 8,876,427 4,406,000 (368,411) 4,146,117 4,654,854
Additions to (Use of) Other Fund
Balances 3,447,037 (4,055,764) (6,427,462) (294,076) (4,509,502)
12,323,464 350,236 (6,795,873) 3,852,041 145,352
(a) Figures not available as of December 7, 2010.
(b) Does not include the Mount Prospect Public Library 2012 Forecast.
VILLAGE OF MOUNT PROSPECT
2011 BUDGET SUMMARY
BUDGET EXPENDITURES
2009 2010 2010 2011 2012
Actual Budget Estimate Budget Forecast
VILLAGE OPERATING BUDGET
'PUBLIC REPRESENTATION 119,566 126,410 121,075 116,944 118,397 1
VILLAGE ADMINISTRATION
Village Manager's Office 3,015,432 2,518,951 2,459,331 2,557,428 2,674,485
Television Services Division 193,274 202,049 185,810 166,222 171,378
Village Clerk's Office 208,125 208,643 206,129 143,060 147,673
Finance Department 1,564,370 1,612,713 1,604,509 1,582,484 1,621,891
4,981,201 4,542,356 4,455,779 4,449,194 4,615,427
COMMUNITY DEVELOPMENT
Community Development 2,150,196 2,289,546 2,227,712 2,175,530 2,257,693
Community Development /CDBG 798,311 565,447 515,447 455,219 422,345
2,948,507 2,854,993 2,743,159 2,630,749 2,680,038
(HUMAN SERVICES DEPARTMENT 1,004,635 1,154,769 1,144,064 1,062,525 1,091,766
PUBLIC SAFETY AND PROTECTION
Police Department 14,178,301 15,042,664 14,735,842 14,720,114 15,460,284
Fire Department 11,347,461 11,494,327 11,327,416 11,446,107 12,033,697
25,525,762 26,536,991 26,063,258 26,166,221 27,493,981
PUBLIC WORKS DEPARTMENT
Administration 1,352,871 982,823 979,127 1,228,174 1,377,810
Streets/Bldgs/Parking 3,015,184 2,890,357 2,836,502 2,947,354 2,896,578
Forestry 1,674,649 1,781,232 1,727,923 1,707,418 1,959,364
Engineering 1,507,082 1,587,987 1,359,240 1,334,000 1,420,853
Water /Sewer 8,573,382 13,549,749 12,971,485 10,830,434 11,135,595
Refuse Disposal 4,062,020 4,240,941 4,205,015 4,378,894 4,546,559
20,185,188 25,033,089 24,079,292 22,426,274 23,336,759
'COMMUNITY & CIVIC SERVICES 358,207 387,756 370,283 369,371 383,098 I
'CONTINGENCIES & EQUITY TRANSFERS 635,100 - 861,000 - -
frOtA - 00 0ING BUDGET 5 5,70,166 60, ;364 59,837',910 , . °S7 :000;460
VILLAGE OF MOUNT PROSPECT
2011 BUDGET SUMMARY
BUDGET EXPENDITURES
2009 2010 2010 2011 2012
Actual Budget Estimate Budget Forecast
VILLAGE CAPITAL BUDGET
Village -Wide Improv & Eqpt 756,025 2,130,265 1,846,530 975,500 2,528,000
Station 14, EOC, and PW Expan 10,373,967 2,183,633 3,637,940 - -
Downtown Redevelopment 371,202 2,735,000 2,829,100 2,887,157 2,951,461
Street Improvement Projects 3,026,195 2,495,880 2,495,880 2,297,000 3,843,000
Flood Control Projects 734,097 161,425 121,900 405,150 655,253
Parking System Improvements - 25,000 25,000 25,000 25,000
Motor Equipment Replacement 859,943 810,000 810,000 613,650 1,259,300
Computer Replacement 151,579 206,050 206,050 194,950 201,250
16,273,008 10,747,253 11,972,400 7,398,407 11,463,264
I DEBT SERVICE BUDGET 5,972,942 2,325,880 2,171,063 2,416,548 2,460,172
PENSION SYSTEMS BUDGET
Miscellaneous Pensions 45,590 46,600 46,600 45,863 46,005
Police Pensions 3,096,471 3,242,300 3,232,061 3,577,110 3,635,526
Fire Pensions 2,991,393 3,121,500 3,134,800 3,269,073 3,404,920
6,133,454 6,410,400 6,413,461 6,892,046 7,086,451
VILLAGE INTERNAL SERVICES BUDGET
Vehicle Maintenance Services 1,757,395 1,814,711 1,842,391 1,903,802 1,952,520
Risk Management 6,367,162 6,853,598 6,001,580 6,787,343 7,213,601
8,124,557 8,668,309 7,843,971 8,691,145 9,166,121
ITOT VILLl GE EX ENDITURE `, , V, s T 92,262,12 88,7880* '88,238,805 82,619,424 ,. 89,8'95,47`41
I MOUNT PROSPECT LIBRARY BUDGET 9,059,221 9,715,689 9,715,689 9,801,109 (a) I
1'b`t�t"L UDG T EXP"ENt ITURES f ' 101321,3 8,,5# 3j4
(a) Figures not available as of December 7, 2010.
(b) Does not include the Mount Prospect Public Library 2012 Forecast.
VILLAGE OF MOUNT PROSPECT
`
2011 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY FUND
2009 2010 2010 2011 2012
Actual Budget Estimate Budget Forecast
1GENERAL FUND 38,865,473 40,691,100 40,376,975 40,570,430 41,721,340 I
SPECIAL REVENUE FUNDS
Refuse Disposal Fund 4,022,566 4,038,500 4,067,190 4,090,632 4,112,908
Motor Fuel Tax Fund 1,514,334 1,836,500 1,817,200 1,485,700 1,465,200
Community Dev. Block Grant 798,310 565,447 515,447 455,219 422,345
Asset Seizure Fund 3,076 6,000 5,300 3,500 3,500
DEA Shared Funds Fund 73 1,500 1,100 2,000 2,000
DUI Fine Fund 16,136 20,500 1,100 1,500 1,500
Foreign Fire Tax Board Fund 44,032 35,500 44,100 44,500 44,500
6,398,527 6,503,947 6,451,437 6,083,051 6,051,953
(DEBT SERVICES FUND 6,392,583 2,837,708 2,661,801 2,485,758 2,463,112 I
CAPITAL PROJECTS FUNDS
Capital Improvement Fund 1,092,386 1,421,500 1,286,000 1,121,000 1,263,000
Series 2009 Const Fund 13,417,537 1,124,505 932,300 - -
Downtown Redevelopment 2,279,802 2,567,000 2,558,000 2,667,500 2,810,500
Street Improvement Const Fund 1,328,708 1,717,600 1,983,950 1,372,000 1,383,000
Flood Control Const Fund 76,572 198,792 62,079 536,079 615,725
18,195,005 7,029,397 6,822,329 5,696,579 6,072,225
ENTERPRISE FUNDS
Water and Sewer Fund 10,104,243 12,225,500 10,551,700 10,858,000 11,190,000
Village Parking System Fund 145,810 152,000 147,850 150,800 150,800
Parking System Revenue Fund 155,973 159,500 166,100 166,500 166,500
10,406,026 12,537,000 10,865, 650 11,175,300 11,507,300
INTERNAL SERVICE FUNDS
Vehicle Maintenance Fund 1,885,690 1,654,192 1,648,442 1,903,802 1,952,520
Vehicle Replacement Fund 1,198,456 238,200 135,700 783,600 1,566,500
Computer Replacement Fund 197,761 12,000 1,200 236,921 249,634
Risk Management Fund 6,245,521 6,865,098 6,480,948 6,543,724 6,760,942
9,527,428 8,769,490 8,266,290 9,468,047 10,529,596
VILLAGE OF MOUNT PROSPECT
2011 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY FUND
2009 2010 2010 2011 2012
Actual Budget Estimate Budget Forecast
FIDUCIARY FUNDS
Police Pension Fund 7,854,005 5,585,500 3,328,950 5,752,500 6,145,000
Fire Pension Fund 7,110,286 5,184,300 2,669,500 5,239,800 5,550,300
14,964,291 10,769,800 5,998,450 10,992,300 11,695,300
TO r . `w T SOURCES a ` 0 7 9 3' L 89,1 ; 81,442 93.2 86, �9 �`
r 3u Fr � •�, � t � 'r ' � � .' � , t o- ".', a . , ,. a .'i # T'"�S't ; n. +sa r �i^��„ �� � z, :x� ,'�'w'^vc
(MOUNT PROSPECT LIBRARY FUND 8,895,479 9,715,689 9,715,689 9,801,109 (a) I
TOTAL E� & OYI ER SOU ES 8
, 1 " 49I 8 -av 621 �ai z8 ?i�[
- €��r�F� s 4 w' �, m?�i �s3 1 ! , f ° J a
����
(a) Figures not available as of December 7, 2010
(b) Does not include the Mount Prospect Public Library 2012 Forecast.
VILLAGE OF MOUNT PROSPECT
2011 BUDGET SUMMARY
EXPENDITURES BY FUND
2009 2010 2010 2011 2012
Actual Budget Estimate Budget Forecast
'GENERAL FUND 41,206,820 41,145,530 41,237,975 40,570,430 42,698,439
SPECIAL REVENUE FUNDS
Refuse Disposal Fund 4,062,020 4,240,941 4,205,015 4,378,894 4,546,559
Motor Fuel Tax Fund 1,867,383 1,736,302 1,516,302 1,086,302 1,917,028
Community Dev. Block Grant 798,311 565,447 515,447 455,219 422,345
Asset Seizure Fund 7,416 2,000 12,700 3,500 3,500
DEA Shared Funds Fund 12,721 1,000 3,515 2,000 2,000
DUI Fine Fund 7,443 1,500 350 1,500 1,500
Foreign Fire Tax Board Fund 8,966 15,500 35,550 28,550 28,550
6,764,260 6,562,690 6,288,879 5,955,965 6,921,482
'DEBT SERVICES FUND 5,972,942 2,325,880 2,171,063 2,416,548 2,460,172)
CAPITAL PROJECTS FUNDS
Capital Improvement Fund 756,025 2,130,265 1,846,530 975,500 2,528,000
Series 2009 Const Fund 10,373,967 2,183,633 3,637,940 - -
Downtown Redevelopment 372,202 2,736,500 2,830,600 2,888,657 2,952,961
Street Improvement Const Fund 2,060,370 1,575,880 1,575,880 1,747,000 2,523,000
Flood Control Const Fund 734,097 161,425 121,900 405,150 655,253
14,296,661 8,787,703 10,012,850 6,016,307 8,659,214
ENTERPRISE FUNDS
Water and Sewer Fund 8,573,384 13,549,749 12,971,485 10,830,434 11,135,595
Village Parking System Fund 70,142 175,098 137,178 210,017 149,643
Parking System Revenue Fund 149,774 174,597 173,693 262,295 192,312
8,793,300 13,899,444 13, 282,356 11, 302,746 11,477,550
INTERNAL SERVICE FUNDS
Vehicle Maintenance Fund 1,757,396 1,814,711 1,842,391 1,903,802 1,952,520
Vehicle Replacement Fund 859,943 810,000 810,000 613,650 1,259,300
Computer Replacement Fund 151,579 206,050 206,050 194,950 201,250
Risk Management Fund 6,371,362 6,872,398 6,020,380 6,798,843 7,225,101
9,140,280 9,703,159 8,878,821 9,511,245 10,638,171
VILLAGE OF MOUNT PROSPECT
2011 BUDGET SUMMARY
EXPENDITURES BY FUND
2009 2010 2010 2011 2012
Actual Budget Estimate Budget Forecast
FIDUCIARY FUNDS
Police Pension Fund 3,096,471 3,242,300 3,232,061 3,577,110 3,635,526
Fire Pension Fund 2,991,393 3,121,500 3,134,800 3,269,073 3,404,920
6,087,864 6,363,800 6,366,861 6,846,183 7,040,446
TOT 00: 10T � SOUE S n
r -�
(MOUNT PROSPECT LIBRARY FUND 9,059,221 9,715,689 9,715,689 9,801,109 (a) I
TOTA NU , HER SOUR Es xfr A d
(a) Figures not available as of December 7, 2010.
(b) Does not include the Mount Prospect Public Library 2012 Forecast.
VILLAGE OF MOUNT PROSPECT
`
2011 BUDGET SUMMARY
AVAILABLE FUND BALANCES 12 -31 -2011
Estimated Estimated �ed
Balance 2011 Budget 2011 Budget Balanced mit
1/1/2011 Revenues Expenditures 12/31/2011 42/31/0 .'
( GENERAL FUND 9,338,481 40,570,430 40,570,430 9,338,481 t 10,67, . 1
SPECIAL REVENUE FUNDS
Refuse Disposal Fund 2,117,188 4,090,632 4,378,894 1,828,926 .'
Motor Fuel Tax Fund (147,836) 1,485,700 1,086,302 251,562 i r 9 fi
Community Dev. Block Grnt - 455,219 455,219 143 - - ,1
Asset Seizure Fund 43,011 3,500 3,500 43,011.
DEA Shared Funds Fund 16,794 2,000 2,000 16,794 k , -
DUI Fine Fund 27,903 1,500 1,500 27,903 bN 't..,-*
Foreign Fire Tax Board Fund 129,587 44,500 28,550 145,537 �'`�,
2,186,647 6,083,051 5,955,965 2,313,733 i_
'DEBT SERVICES FUND 5,614 2,485,758 2,416,548 74,824 F e t
.5.. 4 "2 3'^ i«
CAPITAL PROJECTS FUNDS `x A r �"
Capital Improvement Fund 777,407 1,121,000 975,500 922,907 ,; :4t
Series 2009 Const Fund 337,931 - - 337,931 4
Downtown Redevelopment 1,938,494 2,667,500 2,888,657 1,717,337 i y
Street Improvement Const Fund 439,270 1,372,000 1,747,000 64,270
Flood Control Const Fund (305,154) 536,079 405,150 (174,225) 4;� 6, ',:
3,187,948 5,696,579 6,016,307 2,868,220 41 t=, ',. ?y
ENTERPRISE FUNDS
Water and Sewer Fund (a) 1,229,074 10,858,000 10,830,434 1,256,640 , , k 4 _
0
Village Parking System Fund (a) 262,937 150,800 210,017 203,720 1„ 2
Parking System Revenue Fund (a) (167,396) 166,500 262,295 (263,191) (1 :
1,324,615 11,175,300 11,302,746 1,197,169 ' i :, er
INTERNAL SERVICE FUNDS (b)
EWA, ?
Vehicle Maintenance Fund 577,882 1,903,802 1,903,802 577,882
Vehicle Replacement Fund 5,643,313 783,600 613,650 5,813263 1 ,2
Computer Replacement Fund 642,849 236,921 194,950 684, , , r �h 01 0'
Risk Management Fund 2,742,039 6,543,724 6,798,843 2,486,920 _ = r1, 1 ,
9,606,083 9,468,047 9,511,245 9,562,885 :0:::41,14„90:00:
(a) Estimated balances reflect cash and investment balance, not fund equity.
(b) Estimated balance for Internal Service Funds reflect unrestricted net assets only.
VILLAGE OF MOUNT PROSPECT
2011 BUDGET SUMMARY
AVAILABLE FUND BALANCES 12 -31 -2011
Estimated Estimated `!atom ended
Balance 2011 Budget 2011 Budget Balance Fu44'
� �
�
1/1/2011 Revenues Expenditures 12/31/2011 s /. ter
, .,,.
FIDUCIARY FUNDS (c) ��
Police Pension Fund 41 117,369 5,752 500 3,577,110 43,292,759 �Sji
Fire Pension Fund 40,335,450 5,239,800 3,269,073 42,306,177 431? ",
81,452,819 10,992,300 6,846,183 85,598,936 h -++g/ S
Totals - Village Funds 107,102,207 86,471,465 82,619,424 110,954,248 ,P400,644$
Less: Pension Funds (c) (81,452,819) (10,992,300) (6,846,183) (85,598,936) 1414.100#0
' T tr �L E lz l4 AN ES VILLA E 25 9 x 3$$
'MOUNT PROSPECT LIBRARY FUND 4,583,785 9,801,109 9,801,109 4,583,785 1 4,583,785 1
®T R � 1HtC f z
TOTAL RI 1�1J 30' 3 'X73 i 4 i6 '5,1 3 2 1 2 ,939,A97� x 31,t Q 883
(c) Pension Funds are restricted for future pension benefits and do not constitute "Available Fund Balances."
Mount Prospect
Village of Mount Prospect
l il r
Mount Prospect, Illinois
INTEROFFICE MEMORANDUM
TO: MICHAEL E. JANONIS,
VILLAGE MANAGER
FROM: FINANCE DIRECTOR
1
DATE: NOVEMER 29, 2010
SUBJECT: PROPOSED WATER AND SEWER RATE INCREASE :
PURPOSE: `
To present for the Board's consideration an ordinance increasing the Village's water and s wer
rates.
BACKGROUND:
Since 1990 the Village has followed the practice of approving moderate annual increases in
water and sewer rates, as opposed to implementing large increases periodically. The 2011
Budget included an anticipated 4.0% increase in water and sewer rates. A five -year rate study
completed in 2008, and further revised in 2009 and 2010, set a proposed schedule for
increasing the combined water and sewer rate by 4.0% each January 1st through 2013.
Revisions done in 2010 for the 2011 budget continue to track the projected rate increases from
the original study.
DISCUSSION:
The following table illustrates the recommended rates as reflected in the proposed ordinance.
Current Rate Proposed Rate' Percent ,
inside Village Per 1,000 Gallons Per 1,000'; Gallons Change
Water $4.87 $5.06 4.0%
Sewer $1.57 $1.63 4.0%
Combined $6.44 $6.69 4.0%
Current Rate Proposed Rate Percent
Outside Village Per 1,000 Gallons Per 1,000 Gallons ; Change
Water $9.74 $10.12 4.0%
Sewer $1.57 $1.63 4.0%
Combined $11.31 $11.75 4.0%
For sewer users not connected to the Village's water system, whether located inside or outside
the Village, the monthly charge per dwelling unit would be $4.36, an increase of 4.0% over the
current rate of $4.20.
Water and Sewer Rate Increase
November 29, 2010
Page 2
No increase is proposed for the $5.00 per month sewer construction fee.
If a Mount Prospect household uses 15,000 gallons of water over a two -month period, their
bimonthly water and sewer usage fee would be $110.35, an increase of $3.75.
No increase is being proposed for the monthly availability charge assessed customers outside
of Special Service Area No. 5. For most customers, those with a 5/8" water line, the charge will
remain at $10.
RECOMMENDATION:
It is recommended the Village Board approve the attached ordinance increasing water and
sewer rates effective for bills rendered on or after January 1, 2011.
/ (
DOE/
I: \Water & Sewer\2011 Rate Increase \Board Memo - December 2010.docx
•
ORDINANCE NO.
AN ORDINANCE TO AMEND WATER AND SEWER RATES SET FORTH IN
APPENDIX A, DIVISION II OF THE VILLAGE CODE
Passed and approved by
the President and Board of Trustees
the day of December, 2010.
Published in pamphlet form by authority
of the corporate authorities of the
Village of Mount Prospect, Illinois,
the day of December, 2010.
ORDINANCE NO.
AN ORDINANCE TO AMEND WATER AND SEWER RATES SET FORTH IN
APPENDIX A, DIVISION II OF THE VILLAGE CODE
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That Section 22.504.2 entitled "Water Rates" of Appendix A, Division II of the Village Code,
as amended, is hereby further amended in its entirety; so that hereinafter said Section 22.504.2 of Appendix A,
Division II shall be and read as follows:
" Sec. 22.504.2 WATER RATES:
A. All village users within the village, having a direct or indirect connection with village water mains or
pipes: $5.06 per 1,000 gallons of water consumed or portion thereof.
All village users outside the corporate limits of the village having a direct or indirect connection with
village water mains or pipes: $10.12 per 1,000 gallons of water consumed or portion thereof.
All village users located outside the boundaries of Special Service Area Number 5 shall pay an
additional monthly availability charge based upon the size of the water meter as follows:
5/8 inch meter $ 10.00
3 /4 inch meter $ 15.00
1 inch meter $ 30.00
1' /2 inch meter $ 50.00
2 inch meter $ 90.00
3 inch meter $150.00
4 inch meter $250.00
6 inch meter $475.00
8 inch meter $990.00
B. Hook -up charge for water furnished by the truckload: $10.00."
SECTION TWO: That Section 22.504.3 entitled "Sewer Rates" of Appendix A, Division II of the Village
Code, as amended, is hereby further amended in its entirety; so that hereinafter said Section 22.504.3 of
Appendix A, Division II shall be and read as follows:
" Sec. 22.504.3 SEWER RATES:
C. All village sewer users within the corporate limits of the village having a direct or indirect connection
with the village sewer and water mains or pipes: $1.63 per 1,000 gallons of water consumed or portion
thereof.
All village sewer users within the corporate limits of the village having a direct or indirect connection
with the village's sewer mains or pipes and not with the village water mains or pipes: $4.36 per month
per dwelling unit.
All village sewer users outside the corporate limits of the village having a direct or indirect connection
with the village's water and sewer mains or pipes: $1.63 per 1,000 gallons of water consumed or
portion thereof.
All village sewer users outside the corporate limits of the village having a direct or indirect connection
with the village's sewer mains or pipes, but not with village water mains or pipes: $4.36 per month per
dwelling unit."
SECTION THREE: That the fees set forth in this Ordinance shall be applied to all water and sewer bills
rendered on or after January 1, 2011.
SECTION FOUR: That 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:
NAYS:
ABSENT:
PASSED and APPROVED this day of , 2010.
Irvana K. Wilks, Village President
ATTEST:
M. Lisa Angell, Village Clerk
Mount Prospect MOUNT PROSPECT
Village of Mount Prospect
�y.CES Mug
Human Services Department sQ
INTEROFFICE MEMORANDUM
HUMAN SERVICES
#6.1.616 tad
TO: MICHAEL JANONIS, VILLAGE MANAGER
FROM: NANCY MORGAN, HUMAN SERVICES DIRECTOR al
DATE: NOVEMBER 29, 2010
SUBJECT: DISCOUNT TAXICAB AMENDMENT
BACKGROUND
For the past three decades, the Senior Citizens /Handicapped Subsidized Taxi -Cab Rat:
Program (Discount Taxicab Program) has provided transportation to residents who are
sixty -five (65) years of age or older and /or handicapped. During this time, the program's
usership has dropped off from a robust 5098 rides in 2003 to 1165 rides in 2010.
Currently, there are only 128 active users of the program and of these, only 19% are
low income residents. Due to the recent economic turndown and drop in participation,
the Human Services Department recommends that the Discount Taxicab Program be
one of four programs eliminated and three staff positions adjusted or eliminated.
DISCUSSION
The elimination of Discount Taxicab Program as of 1/1/11 will save the department
$5,000 from the 2011 budget and save 60 hours of staff time. The saving of staff time is
important because it will allow the remaining staff more time to work with clients, which
is crucial in our effort to keep waiting lists and service delays to a minimum due to the
various staff adjustments and eliminations.
There are a number of alternative transportation opportunities available to senior
citizens in place of the eliminated Discount Taxi Cab Program. They are Elk Grove
Township and Wheeling Township senior citizen bus transportation programs, TRIP
(Township Riders Initiative Program), North Cook County Paratransit Services, RTA
Special User Cards, Escorted Transportation Services and various hospital
transportation programs.
The Discount Taxi Cab program is regulated by the Village Code of Mount Prospect
11.1136.
RECOMMENDATIONS
Staff recommends deletion of Section 11.1136 of Chapter 11 "Senior
Citizens /Handicapped Subsidized Taxicab Rate Program" of the Village Code effective
January 1, 2011; concurrent with the 2011 municipal budget.
ORDINANCE NO.
AN ORDINANCE AMENDING CHAPTER 11 ENTITLED "MERCHANTS,
BUSINESSES, OCCUPATIONS AND AMUSEMENTS"
OF THE VILLAGE CODE OF MOUNT PROSPECT
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: Section 11.1136 "Senior Citizen /Handicapped Subsidized Taxicab Rate Program"
of Chapter 11 of the Village Code of Mount Prospect, is hereby deleted in its entirety.
SECTION TWO: 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:
NAYS:
ABSENT:
PASSED and APPROVED this day of December, 2010.
Irvana K. Wilks
Mayor
ATTEST:
M. Lisa Angell
Village Clerk
H: \CLKO \files \WIN\ORDINANC \chaperl1, Section 1136.nov292010doc