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HomeMy WebLinkAboutOrd 5475 12/21/2004 ORDINANCE NO. 5475 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2005 AND ENDING DECEMBER 31, 2005 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 21st day of December, 2004 Published in pamphlet fonn by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 22nd day of December, 2004. ORDINANCE NO. 5475 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2005 AND ENDING DECEMBER 31,2005 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE WHEREAS, the President and Board of Trustees ofthe 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 1,2005 and ending December 31, 2005, 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 ofthe Village Clerk on October 5, 2004 for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 2, 2004, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 21,2004, 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, 2005 and ending December 31, 2005, 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 1,2005 and ending December 31,2005, 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 fonn in the manner provided by law. AYES: Corcoran, Hoefert, Lohrstorfer, Skowron, Wilks, Zadel NAYS: None ABSENT: None PASSED AND APPROVED this 21 st day of December, 2004. ATTEST: ----- " v!4¿¿il~;: ~ VILLAGE OF MOUNT PROSPECT 2005 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES Account Number 2005 Original Proposed Budget Recommended Change 2005 Proposed Budget As Amended Accòunt Name VILLAGE GENERAL FUND Expenditures Human Services Senior Programs Independent Classes Community & Civic Services Contractual Services M.P. Historical Society Other General Fund Expenditures 0013104-540340 4,000 (2,500) 1,500 35,000 2,500 37,500 33,083,688 0 33,083,688 33,122,688 0 33,122,688 0016102-540980 Village General Fund. Total Expenditures LIBRARY FUND Revenues Property Taxes, Library Services Property Taxes, IMRF & FICA Property Taxes, Building Maintenance & Repair Property Taxes, Insurance & Audit Property Taxes, Bond & Interest Other Revenues 0 4,479,027 4,479,027 0 468,596 468,596 0 277,339 277,339 0 125,245 125,245 0 1,583,675 1,583,675 0 1,603,111 1,603,111 0 8,536,993 8,536,993 Library Fund - Total Revenues Expenditures Salaries & Benefits Salaries Medical Insurance IMRF Pension FICA & Medicare Unemployment Compensation Sub-Total Salaries & Benefits 1101 1102 1103 1104 1105 0 3,310,254 3,310,254 0 283,800 283,800 0 224,734 224,734 0 253,234 253,234 0 1,800 1,800 0 4,073,822 4,073,822 0 1,800 1,800 0 15,000 15,000 0 25,000 25,000 0 18,000 18,000 0 16,245 16,245 0 14,000 14,000 0 5,200 5,200 0 3,500 3,500 0 28,000 28,000 0 20,000 20,000 0 125,950 125,950 0 20,200 20,200 0 14,800 14,800 0 22,000 22,000 0 25,600 25,600 0 5,000 5,000 Other Administrative Costs Audit Legal Fees Printing Other Operating Expense Community Services Youth Programs Professional Memberships Board - Training & Development Staff - Training & Development Telephone Insurance Processing Supplies Office Supplies Library Supplies Postage Consulting Fees 1201 1203 1203 1204 1205 1207 1208 1209 1210 1301 1302 1304 1305 1306 1309 1310 Page 1 VILLAGE OF MOUNT PROSPECT 2005 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES Account Name Other Administrative Costs (continued) Contractual Services Data Processing Costs Sub-Total Other Administrative Costs Building Maintenance Costs Building Maintenance Equipment Maintenance Equipment Rental Janitorial Expenses Equipment Heating & Air Conditioning Water & Sewer Sub-Total Building Maintenance Costs Books & Library Materials Adult Book Adult Audio-Visual Youth Books Youth Audio-Visual Periodicals Microform Electronic Resources Sub-Total Books & Library Materials Other Funds Gift Fund Building & Equipment Fund Capital Improvement Fund Debt Service Fund Sub-Total Other Funds library Fund - Total Expenditures Account Number 1311 1312 1401 1402 1403 1404 1408 1501 1502 1401 1402 1403 1404 1408 1501 1502 2005 2005 Original Proposed Proposed Recommended Budget Budget Change As Amended 0 55,550 55,550 0 40,000 40,000 0 455,845 455,845 0 50,000 50,000 0 47,551 47,551 0 27,000 27,000 0 48,000 48,000 0 69,000 69,000 0 88,000 88,000 0 4,500 4,500 0 334,051 334,051 0 259,000 259,000 0 65,500 65,500 0 98,000 98,000 0 23,000 23,000 0 23,000 23,000 0 26,000 26,000 0 69,100 69,100 0 563,600 563,600 0 100,000 100,000 0 425,000 425,000 o 1,000,000 1,000,000 0 1,584,675 1,584,675 0 3,109,675 3,109,675 0 8,536,993 8,536,993 Page 2 VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY TOTAL VILLAGE BUDGET 2003 Actual 2004 Budget 2004 Estimate 2005 Budget 2006 Forecast REVENUES AND OTHER SOURCES Property Taxes 10,636,339 11,453,283 11,435,633 11,980,598 12,572,948 Other Taxes 10,538,637 12,378,646 12,755,452 12,838,924 13,336,489 Licenses, Permits & Fees 3,273,80 I 2,814,250 2,946,700 2,801.736 2,801,952 Intergovernmental Revenue 14,179,037 14.903,344 ]4,795,744 15,376,615 15,688,590 Charges for Service 13,999,212 15,373,74] 15,252,510 ] 6, 118,285 ]7,15],647 Fines and Forfeits 626,247 556,500 565,660 527,100 528,100 Investment Income 9,230,308 4,43 J ,950 3,368,] ~4 4,591,120 4,828,645 Reimbursements 823,471 627,051 551,151 337,616 344,820 Other Revenue 3,934,587 4,]47,865 4,109,379 4,325,383 4,685,154 Interfund Transfers 1,096,677 962,730 962,730 805,000 315,000 Other Financing Sources 13,612,310 60,000 1,875,000 1,400,000 60,000 Village Revenues and Other Sources 81,950,626 67,709,360 68,618,093 71,102,377 72,313,345 Mount Prospect Library Revenues 6,213,135 23,768,025 23,768,025 8,536,993 (a) Total Revenues and Other Sources 88,163,761 91,477,385 92,386,] 18 79,639,370 72,3] 3,345 BUDGET EXPENDITURES Village Operating Budget 42,358,783 46,704,007 46,217,006 48,239,192 50,288,645 Village Capital Budget ]8,019,382 14,804,734 15,150,842 5,322,294 9,163,388 Debt Service Budget 5,790,067 5,967,704 5,966,804 4,541,053 3,833,577 Pension Systems Rudget 4,117,883 4.546,864 4,334,254 4,750,018 4,928,683 Internal Services Budget (b) 43,598,668 6,907,875 6,264,907 6,943,531 7,668,857 Total Village Expenditures 113,884,783 78,931,184 77,933,813 69,796,088 75,883,150 Mount Prospect Library Budget 14,151,688 23,64] .875 23,641,875 8,536,993 (a) Total Expenditures 128,036,471 102,573,059 101,575,688 78,333,08] 75,883, 150(d) .. CHANGES IN FUND BALANCES (d) Excess (Deficiency) of Revenues & Other Sources Over Expenditures (39,872,710) (11,095,674) (9,189,570) 1.306,289 (3,569,805) Fund Balances Start of Budget Year 159,628,503 119,755,793 119,755,793 110,566,223 II] ,872,512 End of Budget Year 119,755,793 108,660,119 1]0,566,223 ] 11,872,5 J 2 108,302,707 Less: Pension Fund Balances ( c ) (68,632,402) (70,945,903) (70,428,01]) (73,159,606) (76,233,145) Available Fund Balances 51,]23.391 37,714,2]6 40,138,212 38,712,906 32,069,562 (a) (b) Not available as of December 21,2004. Internal Services Budget includes Vehicle Maintenance Fund, Risk Management Fund, and Capital Fixed Assets. The Equipment Replacement Fund and Computer Replacement Fund are included in 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. (c) (d) VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2003 2004 2004 2005 2006 Actua I Budget Estimate Budget Forecast PROPERTY TAXES 10,636,339 11,453,283 11,435,633 11,980,598 12,572,948 OTHER TAXES Home Rule Sales Tax 2,335,898 3,293,778 3,363,750 3,456,825 3.560,550 Food & Beverage Tax 645,221 587,000 590,000 603,800 620,500 Special Service Area Taxes 1,481,850 1,567,913 1,567,556 1,555,942 1,531,825 Property Tax Increment 1,185,391 1,441,077 1,647,677 1,815,025 2,146,033 Real Estate Transfer Tax 1,006,865 827,500 1,131,500 928,500 928,500 Utility Taxes 3,522,007 4,311,278 4,113,157 4,137,692 4,202,78J Municipal Motor Fuel Tax 160,038 165,000 148,000 152,440 ] 57,000 Other Taxes 201,367 185,100 193,812 188,700 189,300 10,538,637 12.378,646 12,755,452 12,838,924 13,336,489 LICENSES, PERMITS & FEES Vehicle Licenses 1,339,381 1,368,000 1J60,000 1,365,000 1,365,000 Other Licenses 355,426 347,750 361,500 346,500 346,500 Permit Fees 940,492 485,500 481,000 456,000 456,000 Infrastructure Mtc Fee Franchise Fee 322,948 330,000 335,000 340,000 340,000 Other Fees 315,554 283,000 409,200 294,236 294,452 3,273,801 2,814,250 2,946,700 2,801,736 2,801,952 INTERGOVERNMENTAL REVENUE State Sales Tax 7,726,966 8,489,505 8,239,000 9,056.295 9.237,420 State Income Tax 3,486,711 3,353,394 3,336,485 3.436,580 3,539,700 State Motor Fuel Tax 1,660,113 1,630,765 1,630,765 1,647,100 1,663,545 Other State Taxes 687,141 682,875 736,774 754,740 773,025 Community Devl Block Grant 271,291 485,450 485,450 449,000 445,000 Other Grants 346,8] 5 261,355 367,270 32,900 29,900 14,179,037 14,903,344 14,795,744 15,376,615 15,688,590 CHARGES FOR SERVICE Water & Sewer Charges 6,241,598 6,624,915 6,636,915 6,892,392 7,163,287 Parking Charges 157,589 224,850 150,500 211,250 211,250 Refuse Disposal Charges 952,265 1,009,300 1,009,300 1,044,800 1,074,180 Internal Service Fund Charges 5,873,872 6,707,813 6,712,372 7,200,412 7,910,922 Other Service Charges 773,888 806,863 743,423 769,431 792,008 13~999,212 15,373,741 15,252,510 16,118,285 17,151,647 FINES AND FORFEITS 626,247 556,500 565,660 527,100 528, I 00 INVESTMENT INCOME General Fund 209,419 230,000 84,553 156,000 156,000 Pension Funds 8,332,333 3,711,000 2,933,632 4,113,500 4,358,420 Other Funds 688,556 490.950 349,949 321,620 314,225 9,230,308 4,43 I ,950 3,368,134 4,591,120 4,828,645 VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2003 Actual 2004 Budget 2004 Estimate 2005 Budget 2006 Forecast REIMBURSEMENTS 344,820 823,471 627,051 551,151 337,616 OTHER REVENUE Village Police & Fire Pension Contributions Developer Donations Employee & Retiree Contributions Other Revenue 1,775,707 103,714 1,641,242 413,924 3,934,587 2,164,920 81,000 1,686,945 215,000 4,147,865 2,164,920 25,000 1,684,297 235,162 4,109,379 2,295,580 25,000 1,762,103 242,700 4,325,383 2.520,859 75,000 1,846,595 242,700 4,685,154 TOTAL VILLAGE REVENUES 71,938,345 67,241,639 66,686,630 65,780,363 68,897,377 INTERFUND TRANSFERS 1,096,677 962,730 962,730 805,000 315,000 OTHER FINANCING SOURCES Bond Proceeds Installment Note Proceeds Sale of Property 12,235,000 1,377,310 13,612,310 60,000 60,000 705,000 1,170,000 1,875,000 1,400,000 1,400,000 60,000 60,000 TOTAL VILLAGE REVENUES AND OTHER SOURCES MOUNT PROSPECT LIBRARY REVENUES (a) 6,213,135 23,768,025 23,768,025 8,536,993 TOTAL REVENUES AND OTHER SOURCES' :.; . .; . ; . '.. VILLAGE AND LIBRARY . .:' ,.,'. .88,163,761 , ,. "", ,.':..;', . ' 79,639,370: 72,313,34S(b) CHANGES IN FUND BALANCES Total Revenues & Other Sources Total Expenditures Additions to <Use of> Fund Balances 88,163,761. 128,036,471 (39,872,710) 91,477,385 102,573,059 (11,095,674) 92,386,118 101,575,688 (9,189,570) 79,639.370 78,333,081 1,306,289 (b) 72,313,345 75,883,150 (3,569,805) ANAL YSrS OF CHANGES IN FUND BALANCES Additions to Pension Fund Balances Additions to Other Fund Balances <Use 01> Other Fund Balances 6,990,902 (46,863,612) (39,872, 71O) 2,367,215 (l3,462,889) (11,095,674) 1,795,609 (10,985,179) (9,189,570) 2,731,595 (1,425,306) 1,306,289 (b) 3,073,539 (6,643,344 ) (3,569,805) (a) (b) Figures not available as of December 21,2004. Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY BUDGET EXPENDITURES 2003 2004 2004 2005 2006 Actual Budget Estimate Budget Forecast VILLAGE OPERATING BUDGET PUBLIC REPRESENTATION 100,879 107,874 111,446 1]7,383 119,867 VILLAGE ADMINISTRATION Village Manager's Office 1,794,586 1,834,353 2,047,932 1,947,752 2, 110,229 Television Services Division 160,689 170,262 159,302 213,757 207,596 Village Clerk's Office 154,065 163,256 157,628 171,874 180,786 Finance Department 1,247,599 ] ,368,33 1 1,344,214 1,570,355 1,660,723 Totals 3,356,939 3,536,202 3,709,076 3,903,738 4,159,334 COMMUNITY DEVELOPMENT Community Development 1,387,815 1,580,527 1,534,725 1,670,374 1,774,220 Community Development/CDBG 402,845 620,305 611,106 728,123 511,445 Totals ],790,660 2.200,832 2,145,83] 2,398,497 2,285,665 HUMAN SERVICES DEPARTMENT 686,969 784,867 692,071 720,533 757,397 PUBLIC SAFETY AND PROTECTION Police Department 10,224,377 11,320,912 1 1,296,066 11,664,483 ] 2,286,037 Fire Department 8,310,005 8,829,400 8,723,987 9,372,021 9,98],807 Totals 18,534,382 2O,] 50,312 20,020,053 21,036,504 22,267,844 PUBLIC WORKS DEPARTMENT Administration 961,884 1,001,751 998,406 1,104,481 1,138,0]9 Streets/Bldgs/Parking 2,229,527 2.325,767 2,486,896 2,507,178 2,617,196 Forestry 1,251,233 1,273,238 1,273,271 1.428,718 1,497,573 Engineering 930,757 1,240,151 1,243,926 1,108,457 1,170,560 Water/Sew'cr 8.001,166 9,308,159 8,766,800 9,204,528 9,914,388 Refuse Disposal 3,142,526 3,533,222 3,533.] 96 3.634,727 3,770,384 Totals 16,517,093 18.682.288 18;302,495 18,988,089 20,108,120 COMMUNITY & CIVIC SERVICES 275,184 278,902 273,394 269,448 275,418 CONTINGENCIES & EQUITY TRANSFERS 1,096,677 962,730 962,640 805,000 315.000 TOTAL OPERA TINGBUDGET 42,358,783'" 46,704,007' . , 46,217,006 VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY BUDGET EXPENDITURES 2003 2004 2004 2005 2006 Actual Budget Estimate Budget Forecast VILLAGE CAPITAL BUDGET Village Improvements & Equip 11,317,149 6,622,331 7, I 03,629 486,000 2,721,020 Community Improvement Projects 486,102 251,635 251,635 35,000 410,000 Downtown Redevelopment Constr 437,951 2,150,189 2,572,543 251,221 951,360 Flood Control Projects 409,278 686,744 355,000 547,538 382,713 Street Improvement Projects 4,371,650 3,831,385 3,781,385 2,527,500 3,735,045 Motor Equipment Replacement 797,724 1,115,300 956,650 1,275,335 8 I 6,950 Computer Replacement ] 99,528 147,150 130,000 199,700 146,300 Totals 18,019,382 14,804,734 15,150,842 5,322,294 9,163,388 DEBT SERVICE BUDGET Debt Service - Property Tax 2,026,559 2,019,966 2,019,966 1,979,111 1,450,361 Debt Service - Tax Increment 779,385 912,075 911,175 1,096,145 996,675 Debt Service - Home Rule Sales Tax I 1.487,935 1,499,168 1,499,168 1,427,997 1,386,54 I Debt Service - Home Rule Sales Tax 2 ],496,188 1,496,000 1,496,000 Debt Service - Special Service Area 40,495 40,495 37,800 Totals 5,790,067 5,967,704 5,966,804 4,541,053 3,833,577 PENSION SYSTEMS BlJDGET Miscellaneous Pensions 52,859 53,7]4 53,714 54,630 55,548 Police Pensions 2,016,299 2,226,120 2. I 26,882 2,366,440 2,428,761 Fire Pensions 2,048,725 2,267,030" 2, I 53,658 2,328,948 2,444,374 Totals 4,117,883 4,546,864 4,334,254 4,750,018 4,928.683 VILLAGE INTERNAL SERVICES BUDGET Vehicle Maintenance Services 1,123,483 1,277,582 1,262,389 1,274,]81 1,339,7]2 Risk Management Casualty and Property Insurance 2,092,3 79 1,069,0]3 ],039,0]5 ] ,260,047 1,272,385 Medical Insurance 3,747,314 4,561,280 3,963,503 4,409,303 5,056,760 Capital Fixed Assets 36,635,492 Totals 43,598,668 6,907,875 6,264,907 6,943,53] 7,668,857 TOTAL VILLAGE EXPENDITURES 113,884,783 78,93i,184 "" 77,933,813 69,796,088 MOUNT PROSPECT LlBR4.RY BUDGET 14,151,688 23,64] ,875 23,641,875 8,536,993 (a) TOTAL - BUDGET EXPENDITURES" "128,036,471" 102,573,059" (a) Figures not available as of December 2], 2004. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2003 2004 2004 2005 2006 Actual Budget Estimate Budget Forecast GENERAL FUND 28,798,480 31,218,204 32,267,586 33,122,688 33,946,524 SPECIAL REVENUE FUNDS Refuse Disposal Fund 3,200,760 3,317,523 3,306,890 3,341,773 3,371,153 Motor Fuel Tax Fund 1,691,647 1,662,015 1,657,865 1,669.600 1,68(..045 Law Enforcement Block Grant 12,201 10.000 10,000 10,000 10,000 Community Dev. Block Gmt 402,846 550,450 535,450 499,000 495,000 Asset Seizure Fund 672 7,700 400 500 500 DEA Shared Funds Fund 18,993 12,000 35,250 12,250 12,250 DUI Fine Fund 12.600 10,100 15,100 10,100 10,100 5,339,719 5,569,788 5,560,955 5,543,223 5,585,048 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes 1,929,083 1.979,962 1,976,462 1,991,366 1,709,405 G.O. Bonds - Tax Increment 873,426 1,008,000 ] ,009,500 1,075,650 1,034,600 G.O. Bonds - Home Rule Sales Tax I I,] 71,335 1,100,276 1,123,350 1,154,175 1,188,775 G.O. Bonds - Home Rule Sales Tax 2 1,]73,556 1,097,926 1,124,250 335,000 Special Service An.:a Bonds 30.988 35,956 24,217 5,147,400 5,217,152 5,269,518 4,580,408 3,932,780 CAPITAL PROJECTS FUNDS Capital Improvement Fund 409,059 452,551 419,951 40,000 85,000 Series 200 I Project Fund 19,924 Series 2003 Project Fund 12,338, I 03 40,000 15,374 Downtown Redcvlpmnt Canst 1,724,9"0 440,077 1,354,677 2.085,975 1,117,033 Strectlmprove Const Fund 1,761,861 1,500,165 1,443,971 1,365,165 1,747,600 Flood Control Const Fund 122,362 15,000 15,000 12.000 10,000 16.376,279 2,447,793 3,248,973 3,503,140 2,959,633 ENTERPRISE FUNDS Water And Sewer Fund 7,968,998 8,246,940 8,229,740 8,493,217 8,764,112 Village Parking System Fund 135,650 82,440 1]6,236 116,452 Parking System Revcnue Fund 187,564 241.655 203,955 107,370 107.500 8, I 56,562 8,624,245 8,516,135 8,716,823 8,988,064 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund L 146,584 1,228,529 1,228,529 1,309,945 1,370,233 Vehicle Rcplacement Fund 1,142,1] 5 1,045,548 990,548 1,058.035 1,058,035 Computer Replacement Fund 230,560 227,906 227,906 161,201 169,287 Risk Management Fund 4,544,436 5,269,830 5,231,794 5,679,931 6,357,067 7,063,695 7,771,813 7,678,777 8,209,1 ] 2 8,954,622 VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2003 Actual 2004 Budget 2004 2005 Budget 2006 Estimate Forecast FIDUCIARY FUNDS Police Pension Fund Fire Pension Fund Benefit Trust #2 Fund 5,720,943 5,347,181 367 11,068,491 3,431,674 3,428,691 3.052,118 3,024,031 3,686.073 3,740,910 3.941,095 4,005,579 6,860,365 6.076,149 7,426,983 7,946,674 TOTAL REVENUE & OTHER SOURCES ", "." ""," VILLAGE FUNDS MOUNT PROSPECT LIBRARY FUND 6,213,135 23,768,025 23,768,025 8,536,993 (3) " . " " , TOTAL REVENUE & OTHER SOURCES VILLAGE & LIBRARY FUNDS'" 88,163,761' 91,477,385 , " , . . 92,386,118 "79,639.370 72,313,345(b) (a) (b) Figures not available as of December 21, 2004, Does not include the Mount Prospect Library, VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY EXPENDITURES BY FUND 2003 2004 2004 2005 2006 Actual Budget Estimate Budget Forecast GENERAL FUND 29,215.233 31,645,480 31,725,070 33,927,415 35,363, I 0] SPECIAL REVENUE FUNDS Refuse Disposal Fund 3,] 42,526 3,533,222 3,533,196 3,634,727 3,770,384 Motor Fuel Tax Fund 2,063,164 2,461,793 2,461,793 1,871,750 1,8 I 2,360 Local Law Enforcement Block Grant 12,201 12.524 12,515 4,000 Community Development Block Grant 402,845 620,305 611,106 728, ] 23 5] 1,445 Asset Seizure Fund 7,000 7,000 7,000 7,000 DEA Shared Funds Fund 11,360 4,700 ]8.000 1,000 1,000 DUI Fine Fund 13,393 3.000 1,000 1,000 1,000 Totals 5,645,489 6,642,544 6,644,610 6,243,600 6, I 07,189 DEBT SERVICE FUNDS G.O. Bonds - Property Taxes 2,026,559 2,019,966 2,019,966 1,979,1] I 1,450,361 G.O. Bonds - Tax Increment 779,385 912,075 91 ],175 ] ,096,145 996,675 G.O. Bonds - Home Rule Sales Tax I 1,487,935 1,499,168 1,499,168 1,427,997 1,386,541 G.O. Bonds - Home Rule Sales Tax 2 1,496,188 1,496,000 ] ,496,000 Special Service Area Bonds 40,495 40,495 37,800 Totals 5,790,067 5,967,704 5,966,804 4,54] ,053 3,833,577 CAPlT AL PROJECTS FUNDS Capital Improvement Fund 898.613 912.111 825,374 575,000 3,964,020 Series 2001 Project Fund 4,262.648 ] 00,000 Series 2003 Project Fund 6.655,015 5,786,400 6,400,435 Downtown Redevelop Const Fund 437,951 1,824,982 2,247,336 251.719 951,875 Street Improvement Const Fund 3,630,154 2,893,980 2,897,890 1,004,000 1,504,000 Flood Control Const Fund 409.278 686.744 355.000 547,538 382,713 Totals 16,293,659 ]2,204,217 12,726,035 2,378,257 6,802,608 ENTERPRISE FUNDS Water and Sewer Fund 8,001,166 9,308,159 8,766,800 9,204,528 9,914,388 Village Parking System Revenue Fund 227,014 164,404 240,367 215,617 Parking System Revenue Fund 259,462 262,591 297,993 136,614 130,828 Totals 8.260,628 9,797,764 9,229,197 9,581,509 ] 0,260,833 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund 1,123,483 1,277,582 1,262,389 1.274,181 ],339,712 Vehicle Replacement Fund 797,724 1,115,300 956,650 1,275,335 816,950 Computer Replacement ] 99,528 ]47,]50 130.000 199,700 146,300 Risk Management Fund 5.845,891 5,640,293 5,012,518 5,679,650 6,339,745 Capital Fixed Assets 36,635,492 Totals 44,602,]]8 8, ] 80,325 7,361,557 8,428,866 8,642,707 VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY EXPENDITURES BY FUND 2003 2004 2004 2005 2006 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund 2,016,299 2,226,120 2.126.882 2,366,440 2,428,761 Fire Pension Fund 2,048,725 2,267,030 2,153,658 2,328,948 2,444,374 Bendit Trust #2 Fund 12,565 Totals 4,077,589 4,493,150 4,280,540 4,695,3 88 4,873,135 TOTAL EXPENDITURES - VILLAGE FUNDS 113,884,783 78,931,184 77,933,813 .. MOUNT PROSPECT LIBRARY BUDGET 14,151,688 23,641,875 23,641,875 8,536,993 (a) TOTAL EXPENDITURES, .'. ..' " . . : ..." ,..' "'../, 7S,883,150(b) VILLAGE AND LIBRARY FUNDS , . . .' . (a) (b) Figures not available as of December 2 1,2004. Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2005 BUDGET SUMMARY A V AILABLE FUND BALANCES 12-31-2005 Recommended Estimated 2005 2005 Estimated Fund Balance Budget Budget Balance Balance 12-31-04 Revenues Expenditures 12-31-05 12-31-05 GENERAL FUND 9,467,670 33,122,688 33,927,415 8,662,943 SPECIAL REVENUE FUNDS Refuse Disposal Fund 1,858,595 3,341,773 3,634,727 1,565,641 Motor Fuel Tax Fund 815,712 1,669,600 ],871,750 613,562 Local Law Enf. Block Grant (75,493) 10,000 (65,493) Community Development Block Gmt (2,515) 499,000 728,123 (231,638) Asset Seizure fund 42,400 500 7,000 35,900 DEA Shared Funds Fund 84,377 12,250 1,000 95,627 DUI Fine Fund 25,850 10,100 1,000 34,950 TOTAL 2,748,926 5,543,223 6,243,600 2,048,549 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes 191,362 1,991,366 1,979,111 203,617 339,306 0.0. Bonds - Tax Increment 530.482 1,075,650 1,096,145 509,987 . 547,173 0.0. Bonds - Home Rule Sales Tax 1 (314.216) 1,154,175 1,427,997 (588,038) . 712,799 G.O. Bonds - Home Rule Sales Tax 2 (310,309) 335,000 24,691 - Special Service Area Bonds 13,958 24,217 37,800 375 .' 1,400 TOTAL 111,277 4,580.408 4,541,053 150,632 1,600,678 CAPITAL PROJECTS FUNDS Capital Improvement Fund 1,535,067 40,000 575,000 1,000,067 Series 200 I Project Fund Series 2003 Project Fund (701,973) (70 I ,973) Downtown Redevelop Canst Fund (395,010) 2,085,975 251,719 1,439,246 Street Improvement Const Fund 17,677 1,365,165 1,004,000 378,842 Flood Control Canst Fund 998.734 12,000 547,538 463, J 96 TOTAL 1,454.495 3,503,140 2,378,257 2,579,378 ENTERPRISE FUNDS Water and Sewcr Fund (a) 3,822,352 8,493,217 9,204,528 3,111,041 Village Parking System Fund (a) 163,666 116,236 240,367 39,535 Parking System Revenue Fund (a) 69,715 107,370 ]36,614 40.471 TOTAL 4,055,733 8,716,823 9,581,509 3,191,047 VILLAGE OF MOUNT PH,OSPECT 2005 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2005 Recommended Estimated 2005 2005 Estimated Fund Balance Budget Budget Balance Balance ]2-31-04 Revenues Expenditures 12-3]-05 12-31-05 INTERNAL SERVICE FUNDS (b) Vehicle Maintenance Fund 528,600 1,309,945 1,274,181 564,364 , < 564,364 Vehicle Replacement Fund 5,197,650 1,058,035 1,275,335 4,980,350 , 4,980,350 Computer Replacement Fund 671,782 161,201 199,700 633,283 ,>,",633,283 Risk Management Fund 499,907 5,679,931 5,679,650 500,188 ' .:'1,584,936 TOTAL 6,897,939 8,209, I 12 8,428,866 6,678,185 7,762,933 PENSION FUNDS (a) Police Pension Fund 34,445,771 3,686,073 2,366,440 35,765,404 Fire Pension Fund 35,982,240 3,740,910 2,328,948 37,394,202 TOTAL 70,428,011 7,426,983 4,695,388 73, I 59,606 Totals - Village Funds 95,164,051 71,102,377 69,796,088 96,470,340 J 11,823,583 Less: Pension Funds (c) (70,428,0 I J) (7,426,983) (4.695,388) (73,159,606) (87,816,198) . TOTAL AVAILABLE BALANCES . . VILLAGE FUNDS MOUNT PROSPECT LIBRARY FUND 15,402,172 8,536,993 8,536,993 15,402,172 .'.TOTALAVAILABLE BALANCES. 39,409,557 VILLAGE & LIBRARY FUNDS (a) (b) (c) (d) Estimated balances reflect cash and investment balance, not fund equity. Estimated balances for Internal Service Funds reflect unrestricted net assets only. Pension Funds are restricted for future pension benefits and do not constitute "A vailable Fund Balances." Not available as of December 21,2004.