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Home My WebLink AboutOrd 5227 12/18/2001ORDINANCE NO. 5 2 2 7 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2002 AND ENDING DECEMBER 31, 2002 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 18th day of December ,2001 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois thel9thday of Decembe,r2001. ORDINANCE NO. 5 2 27 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY I, 2002 AND ENDING DECEMBER 31, 2002 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE WHEREAS, the President and Board of Trustees of the Village of Mount Prospect in accordance with 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, 2002 and ending December 31, 2002, 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 5, 2001, for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 6, 2001, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 18, 2001, 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, 2002 and ending December 31, 2002, 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, 2002 and ending December 31, 2002, duly certified by the Chief Fiscal Officer. SECTION THREE: This Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form in the manner provided by law. YES: Corcoran, Hoefert, Lohrstorfer, Skowron, Wilks, Zadel NAYS: None ABSENT: None PASSED AND APPROVED this 18th day of December ,2001. ATTEST: /Velma W. Lowe, Village Clerk Gerald LTFarle), Village Presi/d~nt 2 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY TOTAL VILLAGE BUDGET 2000 2001 2001 2002 2003 Actual Budget Estimate Budget Forecast REVENUES AND OTHER SOURCES Property Taxes Other Taxes Licenses, Permits & Fees Intergovernmental Revenue Charges for Service Fees and Forfeits Investment lncome Reimbursements Other Revenue Interfund Transfers Other Financing Sources Village Revenues and Other Sources Mount Prospect Library Revenues Total Revenues and Other Sources 9,520,818 10,101,003 10,129,239 10,477,382 10,893,811 17,880,884 17,858,846 17,935,562 18,307,694 18,953,040 2,980,222 2,951,900 3,024,200 3,000,200 3,020,950 7,257,886 8,161,220 8,001,525 8,893,630 7,277,335 12,080,083 12,886,707 12,963,278 13,358,504 13,921,321 436,806 440,000 430,000 434,400 446,142 8,460,839 5,398,507 4,738,073 5,194,738 5,010,945 2,153,423 868,394 819,333 483,957 378,384 3,109,687 3,181,223 3,250,747 3,408,988 3,548,438 1,025,671 641,970 641,970 367,463 963,500 3,590,653 7,033,355 7,033,355 8,375,000 60,000 68,496,972 69,523,125 68,967,282 72,301,956 64,473,866 4,408,726 4,573,000 4,573,000 5,382,877 (a) 72,905,698 741096,125 73,540,282 77,684,833 64,473,866 BUDGET EXPENDITURES Village Operating Budget Village Capital Budget Debt Service Budget Pension Systems Budget Internal Services Budget (b) Total Village Expenditures Mount Prospect Library Budget Total Expenditures 37,553,284 41,589,907 41,569,813 42,282,847 43,524,859 6,738,588 11,555,191 11,233,472 15,279,023 15,680,306 5,143,316 4,366,882 4,365,129 5,487,940 5,699~321 3,283,262 3,727,556 3,709,129 3,952,767 4,047,162 5,427,176 5,051,042 4,773,162 5,021,304 5,227,835 58,145,626 66,290,578 65,650,705 72,023,881 74,179,483 3,773,162 4,573,000 4,573,000 5,382,877 (a) 61,918,788 70,863,578 70,223,705 77,406,758(d) 74,179,483(d) CHANGES IN FUND BALANCES Excess (Deficiency) of Revenues & Other Sources Over Expenditures Fund Balances Start of Budget Year End of Budget Year Less: Pension Fund Balances (c) Available Fund Balances 10,986,910 3,232,547 3,316,577 278,075 (d) (9,705,617) 92,090,489 103,077,399 103,077,399 106,393,976 106,672,051 103,077,399 106,309,946 106,393,976 106,672,05I 96,966,434 (63,688,434) (65,933,177) (65,206,874) (67,467,743) (69,833,583) 39,388,965 40,376,769 41,187,102 39,204,308 27,132,851 (a) (b) (c) (d) Not available as of December 18, 200 I. Internal Services Budget includes the Vehicle Maintenance Fund and the Risk Management Fund only. The Equipment Replacement Fund and Computer Replacement Fund are included with the Village Capital Budget. Pension Fund Balances are reserved for pension benefits and not available for appropriation. Does not include the results of operation of the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2000 2001 2001 2002 2003 Actual Budget Estimate Budget Forecast PROPERTY TAXES 9.520.818 10.101.003 10.129.239 10.477.382 10.893.811 OTHER TAXES Sales Tax 8,108,322 7,702,906 7.702.906 7,856,964 8,053,400 Home Rule Sales Tax 3,345,438 2,958,000 3,036.214 3,115,000 3,177,400 Food & Beverage Tax 616,684 626,565 630,665 644,184 659,482 Special Service Area Taxes 1,532,006 1,583,425 1,589,550 1,580,848 1,578,546 Property Tax Increment 179,436 715,300 671,915 930,236 1,229,274 Real Estate TranslEr Tax 820,628 750,000 750,000 715,000 730,000 Utility Taxes 2.939,096 3,138,750 3,207,666 3,115,366 3.171.893 Municipal Motor Fuel Tax 171,829 187,000 150,000 150,000 150,000 Other Taxes 167,445 196,900 196,646 200,096 203,045 17,880,884 17,858,846 17,935,562 18,307,694 18,953,040 LICENSES, PERMITS & FEES Vehicle Licenses 1,342,605 1,368,000 1,368,000 1,368,000 1,368,000 Other Licenses 345,862 350,000 348,000 348,000 349,000 Permit Fees 424,759 418,100 421,600 424,700 427,800 In~?astructureMtc Fee 307,226 310,000 310,000 316,200 322,500 Franchise Fee 265,569 254,200 265,000 265,000 272,950 Other Fees 294,201 251,600 311,600 278,300 280,700 2,980,222 2,951,900 3,024,200 3,000,200 3,020,950 INTERGOVERNMENTAL REVENUE State Income Tax State Motor Fuel Tax Other State Taxes Community Devt Block Grant Other Grants CHARGES FOR SERVICE Water & Sewer Charges Parking Charges Rethse Disposal Charges Internal Service Fund Charges Other Service Charges 4,136,516 4,053,787 4,053,787 4,175,000 4.300,250 1,579,038 1,591,000 1,523,770 1,554,245 1,585,330 1,070,567 1,108,500 1,017,900 1,001,500 1,023,700 53,788 808,593 808,593 404,465 358,355 417,977 599,340 597,475 1,758,420 9.700 7,257,886 8,161,220 8,001,525 8,893,630 7,277,335 5,685,433 6,092,050 6,133,550 6,337,412 6,589.349 170,227 176,000 174,000 174,000 174,000 873,082 875,250 880,250 915.250 945,250 4,733,009 5,047,958 5,046,985 5,151,666 5,408,979 618,332 695,449 728,493 780,176 803,743 12,080,083 12,886,707 12,963,278 13,358,504 I3,921,321 FINES AND FORFEITS 436,806 440,000 430,000 434,400 446,142 INVESTMENT INCOME General Fund 585,004 450,000 450,000 345,000 330,000 Pension Funds 6,060,388 3,660~000 2,896,000 3,704.000 3,790,000 Other Funds 1,815,447 1,288,507 1,392,073 1,145,738 890,945 8,460,839 5,398,507 4,7381073 5,194,738 5,010,945 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2000 2001 2001 2002 2003 Actual Budget Estimate Budget Forecast REIMBURSEMENTS 2,153,423 868,394 8[9,333 483,957 378,384 OTHER REVENUE Village Police & Fire Pension Contributions 1,210.971 1,473.901 1,473,901 1,589,919 1,644,069 Developer Donations 31,150 40,500 87,500 40,500 Employee & Retiree Contributions 1,314,968 1,396,232 1,417,302 1,565,919 1.687,719 Other Revenue 552,598 270,590 272,044 212,650 216.650 3,109,687 3,181,223 3,250,747 3,408,988 3,548,438 TOTAL VILLAGE REVENUES 63,450,366 INTERFUND TRANSFERS 1,025,671 641,970 641,970 367,463 963,500 OTHER FINANCING SOURCES Bond Proceeds 2,165,000 5,000,000 5,000,000 8,315,000 EPA Flood Loan 212,472 Sale of Property 1,213,181 2,033,355 2,033,355 60,000 60,000 3,590.653 7,033,355 7,033,355 8,375,000 60,000 MOUNT PROSPECT LIBRARY REVENUES 4,408,726 4,573,000 4,573,000 5,382,877 (a) CHANGES IN FUND BALANCES (b) Total Revenues & Other Sources 72.905,698 74~096,125 73,540,282 77,684,833 64,473,866 Total Expenditures 61,918,788 70,863,578 70,223,705 77,406,758 74.179,483 Additions to <Use of> Fund Balances 10.986,910 3,232,547 3,316,577 278,075 (9,705,617) ANALYSIS OF CHANGES IN FUND BALANCES Additions to Pension Fund Balances Additions to Other Fund Balances <Use oi:> Other Fund Balances 4,787,481 2,244,743 1,518,440 2.260,869 6,199,429 987,804 1,798,137 (1,982,794) (b) 2,365,840 (12,071,457) 10,986,910 3,232,547 3,316,577 278,075 (9,705,617) (a) (b) Figures not available as of December 18, 2001. Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY BUDGET EXPENDITURES 2000 2001 2001 2002 2003 Actual Budget Estimate Budget Forecast VILLAGE OPERATING BUDGET [ PUBLIC REPRESENTATION 97,858 107,006 105,572 105,663 107,638 VILLAGE ADMINISTRATION Village Manager's Office Television Services Division Village Clerk's Office Finance Department Totals i,092,008 1,257,462 1,272,142 1,283,449 1,398,944 198,641 191,304 189,740 205,228 202,695 135,711 143,370 142,045 144,504 150,776 1,226,341 1,335,370 1,328,880 1,393,203 1,466,621 2,652,701 2,927,506 2,932,807 3,026,384 3,219,036 COMMUNITY DEVELOPMENT Community Development Community DevelopmentYCDBG Totals 1,298,183 1,654,171 1,648,976 1,514,389 1,590,603 267,440 878,693 878,693 461,265 275,182 1,565,623 2,532,864 2,527,669 1,975,654 1,865,785 HUMAN SERVICES DEPARTMENT 596,603 672,810 652,198 821,486 833,403 PUBLIC SAFETY AND PROTECTION Police Department Fire Department Totals 8,884,761 9,566,805 9,548,731 9,831,911 10,229,249 6,880,587 7,586,121 7,574,431 7,850,578 8,171,987 15,765,348 17,152,926 17,123,162 17,682,489 18,401,236 PUBLIC WORKS DEPARTMENT Administration 909,144 960,512 949,549 967,640 987,507 Streets/BIdgs/Parking 2,430,744 2,416,204 2,528,951 2,434,050 2,331,566 Forestry 1,128,699 1,285,305 1,283,305 1,304,763 1,359,980 Engineering 823,615 1,105,467 1,126,402 1,067,537 1,128,277 Water/Sewer 6,870,486 8,194,725 8,154,246 8,817,362 8,469,153 Refuse Disposal 3,064,244 3,329,591 3,262,483 3,408,871 3,550,609 Totals 15,226,932 17,291,804 17,304,936 18,000,223 17,827,092 COMMUNITY SERVICE PROGRAMS 263,487 263,021 281,499 303,485 307,169 [ CONTINGENCIES & EQUITY TRANSFERS 1,384,732 641,970 641,970 367,463 963,500 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY BUDGET EXPENDITURES 2000 2001 2001 2002 2003 Actual Budget Estimate Budget Forecast VILLAGE CAPITAL BUDGET Village Improvements & Equip Community Improvement Projects Downtown Redevelopment Constr Flood Control Projects Street Improvement Projects Motor Equipment Replacement Computer Replacement Totals 360,833 1,631,037 1,402,128 5,218,171 81973,330 145,150 756,525 756,525 1,007,697 275,000 1,817,431 1,416,400 1,416,400 1,276,902 862,486 369,439 824,242 824,242 2~805,000 270,000 3,407,935 5,380,667 5,307,667 3,759,928 3,563,690 593,316 1,500,245 1,490,245 LI04,600 1,521,500 44,484 46,075 36,265 106,725 214,300 6,738,588 11,555,191 11,233,472 15,279,023 15,680,306 DEBT SERVICE BUDGET Debt Service - Property Tax Debt Service - Tax Increment Debt Service - Home Rule Sales Tax 1 Debt Service - Home Rule Sales Tax 2 Debt Service - Special Service Ama Totals 780,934 636,543 635,843 1,112,615 1,843,053 1,670,861 1,312,401 1,311,453 1,339,120 785,311 1,759,889 1,494,292 1,494,337 !,483,672 1,511,724 878,236 881,341 881,191 1~512,478 1,521,458 53,396 42,305 42,305 40,055 37,775 5,143,316 4,366,882 4,365,129 5,487,940 5,699,321 PENSION SYSTEMS BUDGET Miscellaneous Pensions 54,387 51,043 51,043 51,957 52,867 Police Pensions 1,581,968 1,829,738 1,821,481 1,979,010 2,032,325 Fire Pensions 1,646,907 1,846,775 1,836,605 1,921,800 1,961,970 Totals 3,283,262 3,727,556 3,709,129 3,952,767 4,047,162 VILLAGE INTEICdNAL SERVICES BUDGET Vehicle Maintenance Services 1,050,070 1,155,389 1,106,989 1,150,979 1,138,240 Risk Management Casualty and Property Insurance 1,929,183 1,081,190 976,463 775,315 769,365 Medical Insurance 2,447,923 2,814,463 2,689,710 3,095,010 3,320,230 Totals 5,427,176 5,051,042 4,773,162 5,021,304 5,227,835 · '. · · ' 58,145,6_6 66,290,578 · 6~,650,~0~ 72,0.3,88! 48 1 I MOUNT PROSPECT LIBRARY BUDGET 3,773,162 4,573,000 4,573,000 5,382,877 Ia) E'1'¢)'1' 'Il. - i~I'DtiE'I' I.~X. Pl-~ NDITI 'RES 61.918.'88 -0.863.5'~8 70.223.'05 --..806.758 'z4.179.483Ibl Ia) Figures not available as of December 18, 2001. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2000 2001 2001 2002 2003 Actual Budget Estimate Budget Forecast IGENERAL FUND SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Law Enforcement Block Grant Community Develpment Block Grant DEBT SERVICES FUNDS G.O. Bonds - Property Taxes G.O. Bonds - Tax increment G.O. Bonds - Home Rule Sales Tax 1 G.O. Bonds - Home Rule Sales Tax 2 Special Service Area Bonds 28,127,634 28,191,571 28,207,050 28,382,315 29,106,407 3,324,814 3,366,840 3,385,640 3,457,972 3,574,244 2,596,276 1,641,150 1,617,679 1,624,395 1,655,480 14,900 12,920 12,920 18,410 267,438 878,693 878,693 461,265 415,155 6,203,428 5,899,603 5,894,932 5,562,042 5,644,879 671,434 683,928 681,497 1,066,110 1,737,519 583,998 1,061,861 1,024,578 953,924 908,414 1,800,128 1,450,361 1,445,066 1,583,011 1,617,617 829,326 1,054,433 1,051,605 1,601,670 1,637,484 41,024 39,625 39,850 36,548 33,946 3.925,910 4,290,208 4,242,596 5,241,263 5,934,980 CAPITAL PROJECTS FUNDS Capital Improvement Fund Police & Fire Bldg Const Fund Series 2001 Project Fund Series 2002 Project Fund Capital improvement Const Fund Downtown Redevelopment Const Street Improvement Const Fund Flood Control Const Fund I'"' ENTERPRISE FUNDS Water and Sewer Fund Parking System Revenue Fund INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Fund Risk Management Fund 1,310,898 1,152,470 1,249,470 970,697 87,000 3,244 5,028,000 5,028,279 135,588 874 8,388,293 76,581 10,453 4,600 7,500 829,385 2,024,779 2,024,779 1,000 333,328 2,841,837 2,373,933 2,449,460 1,854,992 1,852,351 2,640,081 187,200 235,200 1,075,000 44,000 7,635,898 10,770,982 10,994,688 12,425,570 2,394,134 7,456,627 7,862,770 7,875,550 8,042,712 8,250,649 218,321 347,400 344,400 202,200 202,200 7,674,948 8,210,170 8,219,950 8,244,912 8,452,849 1,115,107 1,149,301 1,148,804 1,I55,478 1,142,741 1,271,982 1,134,816 1,133,840 1,060,651 1,060,651 130,991 134,053 135,553 200,053 213,642 4,359,997 3,785,640 3,777,818 3,831,663 4,150,264 6,878,077 6,203~810 6,196,015 6,247,845 6,567,298 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2000 2001 2001 2002 2003 Forecast Actual Budget Estimate Budget FIDUCIARY FUNDS Police Pension Fund 4,002,925 2,929,601 2,550,671 3,093,539 3,185,932 Fire Pension Fund 4,042,501 3,022,180 2,658,180 3,103,370 3,187,287 Benefit Trust#2 Fund 5,651 5,000 3,200 I,I00 100 8,051,077 5,956,781 5,212,051 6,198,009 6,373,319 MOUNT PROSPECT LIBRARY FUND 4,408,726 4,573,000 4,573,000 5,382,877 (a) TOTAL REVENUE & OTHER SOURCES' '<" '. '' :' VILLAGE&L][BR~R~'FIJNDS. 22'. 72,905,608 ' ")4,006}12~' 73;540,28~ ."77,~84,8~3 264,473;~66ib) I (a) (b) Figures not available as of December 18, 2001. Does not include the Mount Prospect Library. 10 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY EXPENDITURES BY FUND 2000 2001 2001 2002 2003 Actual Budget Estimate Budget Forecast GENERAL FUND 26,831,436 28,399,298 28,400,291 28,492,265 29,745,959 SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Community Development Block Grant Local Law Enforcement Block Grant 1997 Totals 3,064,243 3,329,591 3,262,483 3,408,871 3,550,609 1,275,419 2,102,060 2,102,060 2,027,413 1,765,730 267,440 878,693 878,693 461,265 275,182 26,326 14,863 7,810 18,410 4,633,428 6,325,207 6,251,046 5,915,959 5,591,521 DEBT SERVICE FUNDS G.O. Bonds - Property Taxes G.O. Bonds - Tax Increment G.O. Bonds - Home Rule Sales Tax 1 G.O. Bonds - Home Rule Sales Tax 2 Special Service Area Bonds Totals 780,934 636,543 635,843 1,112,615 1,843,053 1,670,861 1,312,401 1,311,453 1,339,120 785,3II 1,759,889 1,494,292 1,494,337 1,483,672 1,511,724 878,236 881,341 881,191 1,512,478 1,521,458 53,396 42,305 42,305 40,055 37,775 5,143,316 4,366,882 4,365,I29 5,487,940 5,699,321 CAPITAL PROJECTS FUNDS Capital Improvement Fund Police & Fire Bldg Const Fund Series 2001 Project Fund Series 2002 Project Fund Capital Improvement Const Fund Downtown Redevelop Const Fund Street Improvement Const Fund Flood Control Const Fund Totals 440,785 2,141,896 1,845,774 1,487,333 967,220 55,954 218,000 208,660 4,655,420 300,661 102,705 8,362,169 1,648 40,666 44,219 150,000 1,817,831 1,417,450 1,416,830 1,277,347 862,951 2,432,260 3,556,917 3,556,917 2,414,463 2,894,500 369,439 824,242 824,242 2,665,000 130,000 5,117,917 8,199,17l 7,896,642 12,752,268 13,517,501 ENTERPRISE FUNDS Water and Sewer Fund Parking System Revenue Fund Totals 6,870,486 8,194,725 8,154,246 8,817,362 8,469,153 212,169 410,895 505,068 378,318 174,914 7,082,655 8,605,620 8,659,314 9,195,680 8,644,067 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Risk Management Fund Totals 1,050,072 1,155,389 1,106,989 1,150,979 1,138,240 593,316 1,570,245 1,560,245 1,104,600 1,521,500 44,484 46,075 36,265 106,725 214,300 4,385,407 3,910,653 3,681,173 3,880,325 4,099,595 6,073,279 6,682,362 6,384,672 6,242,629 6,973,635 11 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY EXPENDITURES BY FUND 2000 2001 2001 2002 Forecast Actual Budget Estimate Budget FIDUCIARY FUNDS Police Pension Fund 1,581,968 1,829,738 1,821~48I 1,979,010 2,032,325 Fire Pension Fund 1,646,907 1,846,775 1,836,605 1,921,800 1,961,970 Benefit Trust#2 Fund 34,720 35,525 35,525 36,330 13,184 Totals 3,263,595 3,712,038 3,693,611 3,937,I40 4,007,479 TO~XEEXPEt~mTURE~ 5 ~'mLAGE'FUND$ ~:.': 58345,626 66~,90~.578 ' "~$,650~70g'" 72,023,88( · 74,i79,4s~ I MOUNT PROSPECT LIBRARY BUDGET 3,773,162 4,573,000 4,573,000 5,382,877 (a) (a) Figures not available as of December 18, 2001. (b) Does not include the Mount Prospect Library. 12 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2002 Estimated 2002 2002 Estimated Fund~ Balance Budget Budget Balance Balaii~e 12/31/01 Revenues Expenditures 12/31/02 12/31/02 8.583~963 28.382.315 28.492.265 8.474~013 GENERAL FUND SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Community Development Block Gnat Local Law Enf. Block Grant TOTAL 1.774_339 3.457.972 3.408.871 1.823.440 1.556.483 1.624.395 2.027.413 1.153.465 461.265 461.265 5.273 ~ 8,4 ! 0 ! 8.410 5.273 5.915.959 2.982.178 3.336.095 5.562.042 1329.0~ DEBT SERVICES FUNDS G.O. Bonds - Property Taxes G.O. Bonds - Tax Increment G.O. Bonds - Home Rule Sales Tax 1 G.O. Bonds - Home Rule Sales Tax 2 Special Service Area Bonds TOTAL 389.919 1.066.110 1.112.615 343.414 719,970 953.924 1.339.120 334.774 596,771 1,583,011 1,483,672 696,110 632,090 1,601,670 1,512,478 721,282 22,567 36,548 40,055 19,060 2,361,317 5,241,263 5,487,940 2,114,640 CAPITAL PROJECTS FUNDS Capital Improvement Fund Series 2001 Project Fund Series 2002 Project Fund Capital Improvement Const Fund Downtown Redevelop Const Fund Street improvement Const Funds Flood Control Const Funds TOTAL 2,572,751 970,697 1,487,333 2,056,115 4,819,619 135,588 4,655,420 299,787 8,388,293 102,705 8,285,588 150,000 150,000 622,445 1,000 1,277,347 (653,902) 2,659,415 1,854,992 2,414,463 2,099,944 2,531,356 1,075,000 2,665,000 941,356 13,355.586 12,425.570 12,752.268 13,028.888 13,682,790 ENTERPRISE FUNDS WaterandSewerFund(a) ParkingSystem RevenueFund(a) TOTAL 2,747,985 8,042,712 8,817,362 1,973,335 558,552 202,200 378,318 382,434 3,306,537 8,244,912 9,195,680 2,355,769 13 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2002 Recommended Estimated 2002 2002 Estimated Fund Balance Budget Budget Balance Balding6 12/31/01 Revenues Expenditures 12/31/02 12/31/02, INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund (a) Computer Replacement Fund (a) Risk Management Fund TOTAL 210.875 1.155.478 I.I50.979 215~374 284,560 5.096.156 1.060.651 1.104.600 5.052.207 5,052,2~7 423.975 200.053 106.725 517,303 517~0~'~ 1,914,384 3.831,663 3.880.325 1,865.722 2,124,898 7.645.390 6.247.845 6.242.629 7,650.606 7,978.968 PENSION FUNDS 3¢,.~ Police Pension Fund 31.850.381 3.093.539 L979.010 32.964.910 37,627}554 Fire Pension Fund 33.308.179 3.103.370 1.921.800 34.489.749 39,494 Benefit Trust g2 Fund 48.314 1.100 36.330 13.084 i~}084 TOTAL 65.206.874 6.198.009 3.937A40 67.467.743 77.134~,785 Totals - Village Funds 103.795,762 72,301,956 72.023.881 104,073.837 112 Less: Pension Funds (b) (65.206.874'} (6.198.009) (3.937.140) (67.467.743) (77,134,~/85) 38.588,888 66,103.947 68.086.741 36.606,094 34.93 MOUNT PROSPECT LIBRARY FUND 2,598,214 5,382,877 5,382,877 2~598,214 TOTAL AVI~.ILABLE BALANCES 41~187,102 . 71,486,824 73,469,618 39,204,308 (c) · · VILL.~.GI~ ~ Lim~&~v VC,~OS' ,..,. · (a) (b) (c) Estimated balances reflect cash and investment balance, not fund equity. Pension Funds are restricted for future pension benefits and do not constitute "Available Fund Balances." Not available December 18,2001. 14