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HomeMy WebLinkAboutOrd 5826 12/21/2010 ORDINANCE NO. 5826 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 21 day of December, 2010 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 22 day of December, 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. 5826 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: Hoefert, Korn, Matuszak, Polit, Zadel NAYS: None ABSENT: Juracek PASSED AND APPROVED this 21 day of December, 2010. 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 I 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 - - 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 d''_ l � >'. ra ' �'- I i `w 7 " � Dd y w / k p h� y h if i . i 4� b I l k' = ' a # ( p �ev p � rr fi n: ti �q , ' 80 13 1, 2,9 i � a86, r '2�, W -, " 0 ,040, ; �Q SMU :15-1 a 1 t r '- - wit 7 ii :, d' � . F ` p� i .46 i CI... ;"ski I.., gill ,�, 1 �r � k'.�,,"' �� s z r� �E� < = 11N <<�11m e a��,F z`;�' a �> � Ste. a4. -�t e. E _ I MOUNT PROSPECT LIBRARY REVENUES 8,895,479 9,715,689 9,715,689 9,801,109 (a) I TOTAL tEVENU � bTHE SOU � y8 'fie y t ` a Gt ++Iyy 'T �� VILLAGGG 1 p i RAR (} 1 , F * a t s ,, �. 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 I 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 1 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 'CONTINGENCIES & EQUITY TRANSFERS 635,100 - 861,000 - - I 'TOTAL OPERATING BUDGET 55,758,166 60,636,364 59,837,910 57,221,278 59,719,466 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 (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 'TOTAL VILLAGE EXPENDITURES 92,262,127 88,788,206 88,238,805 82,619,424 89,895,474 I 'MOUNT PROSPECT LIBRARY BUDGET 9,059,221 9,715,689 9,715,689 9,801,109 (a) TOTAL - BUDGET EXPENDITURES (b) 101,321,348 98,503,895 97,954,494 92,420,533 89,895,474 (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 (GENERAL FUND 38,865,473 40,691,100 40,376,975 40,570,430 41,721,340 1 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 TOTAL REVENUES & OTHER SOURCES 104,749,333 89,138,442 81,442,932 86,471,465 90,040,826 VILLAGE FUNDS 1MOUNT PROSPECT LIBRARY FUND 8,895,479 9,715,689 9,715,689 9,801,109 (a) I TOTAL REVENUE & OTHER SOURCES 113,644,812 98,854,131 91,158,621 96,272,574 90,040,826 & LIBRARY;, FUNDS (b) (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 I 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 TOTAL REVENUES & OTHER SOURCES VILLAGE FUNDS 92,262,127 88,788,206 88,238,805 82,619,424 89,895,474 1MOUNT PROSPECT LIBRARY FUND 9,059,221 9,715,689 9,715,689 9,801,109 (a) TOTAL REVENUE & OTHER SOURCES VILLAGE & LIBRARY FUNDS (b) 101,321,348 98,503,895 97,954,494 92,420,533 89,895,474 (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 Recommended Balance 2011 Budget 2011 Budget Balance Fund Balance 1/1/2011 Revenues Expenditures 12/31/2011 12/31/2011 1GENERAL FUND 9,338,481 40,570,430 40,570,430 9,338,481 1 10,674,610 SPECIAL REVENUE FUNDS Refuse Disposal Fund 2,117,188 4,090,632 4,378,894 1,828,926 1,136,640 Motor Fuel Tax Fund (147,836) 1,485,700 1,086,302 251,562 479,257 Community Dev. Block Grnt - 455,219 455,219 - - Asset Seizure Fund 43,011 3,500 3,500 43,011 DEA Shared Funds Fund 16,794 2,000 2,000 16,794 DUI Fine Fund 27,903 1,500 1,500 27,903 - 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 1,615,897 (DEBT SERVICES FUND 5,614 2,485,758 2,416,548 74,824 1 _ 755,275;1 CAPITAL PROJECTS FUNDS Capital Improvement Fund 777,407 1,121,000 975,500 922,907 811,350 Series 2009 Const Fund 337,931 - - 337,931 - Downtown Redevelopment 1,938,494 2,667,500 2,888,657 1,717,337 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) - 3,187,948 5,696,579 6,016,307 2,868,220 811,350 ENTERPRISE FUNDS Water and Sewer Fund (a) 1,229,074 10,858,000 10,830,434 1,256,640 3,674,746 Parking System Fund (a) 262,937 150,800 210,017 203,720 49,382 Parking System Revenue Fund (a) (167,396) 166,500 262,295 (263,191) 48,078 1,324,615 11,175,300 11,302,746 1,197,169 3,772,206 INTERNAL SERVICE FUNDS (b) Vehicle Maintenance Fund 577,882 1,903,802 1,903,802 577,882 577,882 Vehicle Replacement Fund 5,643,313 783,600 613,650 5,813,263 5,813,263 Computer Replacement Fund 642,849 236,921 194,950 684,820 684,820 Risk Management Fund 2,742,039 6,543,724 6,798,843 2,486,920 1,713,795 9,606,083 9,468,047 9,511,245 9,562,885 8,789,760 (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 Recommended Balance 2011 Budget 2011 Budget Balance Fund Balance 1/1/2011 Revenues Expenditures 12/31/2011 12/31/2011 FIDUCIARY FUNDS (c) Police Pension Fund 41,117,369 5,752,500 3,577,110 43,292,759 67,890,432 Fire Pension Fund 40,335,450 5,239,800 3,269,073 42,306,177 63,246,594 81,452,819 10,992,300 6,846,183 85,598,936 131,137,026 Totals - Village Funds 107,102,207 86,471,465 82,619,424 110,954,248 157,556,124 Less: Pension Funds (c) (81,452,819) (10,992,300) (6,846,183) (85,598,936) (131,137,026) TOTAL AVAILABLE BALANCES VILLAGE 75,479,165 75,773,241 25,355,312 26,419,098 FUNDS (MOUNT PROSPECT LIBRARY FUND 4,583,785 9,801,109 9,801,109 4,583,785 1 4,583,785 TOTAL REVENUE & OTHER SOURCES 30 75 75,773,241 29,939,097 31,002,883 VILLAGE & LIBRARY FUNDS (c) Pension Funds are restricted for future pension benefits and do not constitute "Available Fund Balances."