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Home My WebLink AboutOrd 5288 11/06/2002ORDINANCE NO. 5288 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2002 AND ENDING DECEMBER 31,2002 Passed and approved by the President and Board of Trustees the 6th day of November, 2002 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, the 7th day of November, 2002 ORDINANCE NO. 5288 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2002 AND ENDING DECEMBER 31, 2002 WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 2342 which sets the finances of the Village under the "Budget Officer System"; and WHEREAS, pursuant to the aforesaid Ordinance and the Statutes of the State of Illinois an annual budget for the fiscal year commencing January 1, 2002 and ending December 31, 2002 was adopted through the passage of Ordinance No. 5227 approved by the Corporate Authorities of the Village of Mount Prospect on December 18, 2001; and WHEREAS, the President and Board of Trustees of the Village of Monnt Prospect have passed and approved Ordinance No. 5249 on April 16, 2002, amending the annual budget for the fiscal year commencing January 1, 2002 and ending December 31, 2002; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have further reviewed certain additions and changes to the aforesaid budget for the fiscal year beginning January 1, 2002 and ending December 31, 2002; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2002 through December 31, 2002 Budget Amendment No. 2 to be in the best interest of the Village of Mount Prospect; and WHEREAS, the Village has now revised the revenue projections or has reserves in each of the Funds in which the budget is being increased adequate in mount to cover the budget changes reflected in Budget Amendment No. 2, attached hereto. NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS: SECTION ONE: That the fiscal year budget for January 1, 2002 through December 31, 2002 for the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No. 2 attached hereto. ECTION TWO: That this ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law. AYES: Hoefert, Lohrstorfer, Skowron, Wilks, Zadel __ day of November , 2002. NAYES: None ABSENT: Corcoran PASSED and APPROVED this 6 th ATTEST Velma Vf. Lowe, Village Clerk Gerald L/Farley, Vill~age P~t VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2002 through December 31, 2002 Revenues Item No. 1 2 3 4 8 9 10 Fund/Program/Classification Account # Community Development Block Grant Fund Intergovernmental Revenues 0700000-433000 Investment Income 0700000-460100 Other Revenue 0700000-483000 All other CDBG Fund accounts Total CDBG Fund Account Description Original Amended Revenue Increase Revenue Estimate (Decrease) Estimate Asset Seizure Fund Fines and Forfeits Investment Income All other Asset Seizure Fund accounts Total Asset Seizure Fund Block Grant Receipts Interest Income Program Income 404,465 366,807 771,272 0 10 10 56,800 (6,800) 50,000 0 0 0 461,265 360,017 821,282 0 7,000 7,000 0 250 250 0 0 0 0 7r250 7,250 0 12,000 12,000 0 0 0 0 12~000 12,000 0800000-450450 0800000-460i t0 DEA Shared Funds Fund Fines and Forfeits 0850000-450460 All other DEA Shared Funds Fund accounts Total DEA Shared Funds Fund DUI Fine Fund Fines and Forfeits Investment Income All other DUI Fine Fund accounts Total DUI Fine Fund Seized Assets Interest- IPTIP DEA Shamd Asse~ 0860000-450465 DUI Fines 0860000-460110 Interest - IPTIP Series t993B Debt Service Fund Property Taxes 1700000-400100 investment Income 1700000-460100 Other Financing Soumes 1700000-494150 All other Series 1993B Debt Service Fund accounts Total Sedes 1993B Debt Service Fund 0 6,300 6,300 0 0 0 0 0 0 0 6,300 6,300 542,500 (300,827) 241,673 13,509 (11,822) 1,687 0 2,286,429 2,286,429 5,000 0 5,000 561 ~009 1,973,780 2,534,789 0 300,000 300,000 0 4,504 4,504 0 4,881 4,881 0 459,821 459,821 0 0 0 0 769,206 769,206 Series 2002B Debt Service Fund 11 property Taxes 2000000-400100 12 Property Taxes 2000000-400200 13 Investment Income 2000000-460110 14 Other Financing Sources 2000000-490517 All other Sedes 2002B Debt Service Fund accounts Total Series 2002B Debt Service Fund 16 17 property Taxes - Current Interest Income Refunding Bond Proceeds Property Taxes- Cu~ent Prope~yTaxes-Prior In~mst-IPTIP Tmns~r-1993B DebtSer, Series 200ZA Debt Service Fund Other Taxes 2300000-4131 O0 Investment Income 2300000-460110 Other Financing Sources 2300000-490525 All other Series 2002A Debt Service Fund accounts Total Sedes 2002A Debt Service Fund Property Tax Increment Interest- IPTIP Transfer- 1993A Debt Ser. 0 136,300 136,300 0 3,804 3,804 0 369,832 369,832 0 0 0 0 509,936 509~936 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January t, 2002 through December 31, 2002 Revenues Item 18 19 20 Fund/Pro~ram/Classificatio n Account # Series 1993A Debt Service Fund Other Taxes 2500000-413100 Investment Income 2500000-460100 Other Financing Sources 2500000-494150 All other Sedes 1993A Debt Service Fund accounts Total Series 1993A Debt Service Fund Account Description Property Tax Increment Interest Income Refunding Bond Proceeds 21 22 23 Series t993B Debt Service Fund Other Taxes 3200000-410100 Investment Income 3200000-460100 Other Financing Sources 3200000-494150 All other Sedes 1993B Debt Service Fund accounts Total Sedes 1993B Debt Service Fund Original Amended Revenue Increase Revenue Estimate (Decrease) Estimate 24 25 26 Series 1994A Debt Service Fund Other Taxes 3300000-410100 investment Income 3300000-460100 Other Financing Sources 3200000-494150 All other Sedes 1994A Debt Service Fund accounts Total Series 1994A Debt Service Fund 234,334 (t 36,300) 98,034 9,691 (8,237) 1,454 0 635,064 635,064 0 0 0 Series 2002B Debt Service Fund 27 Other Taxes 4000000-410100 28 Investment Income 4000000-460110 29 Other Financing Sources 4000000-490532 30 Other Financing Sources 4000000-490533 All other Sedes 2002B Debt Service Fund accounts Total Series 2002B Debt Service Fund 244,025 490,527 734,552 31 32 33 Series ~994A Debt Service Fund Other Taxes 4100000-410200 Investment income 4100000-460100 Other Financing Sources 4100000-494150 All other Sedes 1994A Debt Service Fund accounts Total Series 1994A Debt Service Fund HR Sales Tax 1 276,000 (207,623) 68,377 Interest Income 5,8t4 (5,355) 459 Refunding Bond proceeds 0 1,050,705 1,050,705 0 0 0 34 35 36 Series 2002B Debt Service Fund Other Taxes 4400000-410200 Investment Income 4400000-460110 Other Financing Sources 4400000-49054f All other Sedes 2002B Debt Service Fund accounts Total Series 2002B Debt Service Fund HR Sales Tax 1 Interest Income Refunding Bond Proceeds 37 38 Series 2002 Project Fund Investment Income 5260000-460100 Other Financing Sources 5260000-494100 Ail other Series 2002 Project Fund accounts Total Series 2002 Project Fund HR Sales Tax 1 Interest - IPTIP Transfer- 1993B Debt Ser. Transfer- 1994A Debt Set. HR Sales Tax 2 Interest Income Refunding Bond Proceeds HR Sales Tax 2 Interest - [PTIP Transfer- 1994A Debt Ser. Interest Income Bond proceeds 281,814 837,727 1,119,54t 245,698 (196,547) 49,151 4,249 (4,025) 224 0 525,053 525,053 0 0 0 249,947 324,481 574~428 ! 0 245,000 245,000 0 3,662 3,662 0 173,840 173,840 0 97,120 97,120 0 0 0 0 519,622 5t9,622 669,500 (525,927) 143,573 23,171 (22,025) 1,146 0 1,700,170 1,700,170 0 0 0 692~671 1,152,218 t,844,889 0 346,839 346,839 0 5,469 5,469 0 397,852 397,852 0 0 0 0 750,160 750,160 73,293 (73,293) 0 8,315,000 (8,315,000) 0 0 0 0 8,388,293 (8,388,293) 0 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2002 through December 31, 2002 Revenues Item 39 Fund/pro,ram/Classification Account # Capital Improvement Construction Fund Investment Income 5300000-460100 AIl other Capital Improvement Construction Fund accounts Total Capital Improvement Construction Fund Account Description Interest Income 40 41 Downtown Redevelopment Construction Fund Other Taxes 5500000-413100 Property Tax Increment Other Financing Sources 5500000-494600 Sale of Property All other Downtown Redevelopment Construction Fund accounts Total Downtown Redevelopment Construction Fund Odginal Amended Revenue Increase Revenue Estimate (Decrease) Estimate 0 2,100 2,100 0 0 0 0 2,100 2,100 0 23,640 23,640 0 1,225,000 1,225,000 1,000 0 1,000 1,000 1,248,640 1,249,640 Total Estimated Revenues Funds being changed All other Village Budget accounts 10,880,024 575,671 11,455,695 61,499,385 0 61,499,385 Total Estimated Revenues After Changes 72,379,409 575,67t 72,955,080 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2002 through December 31, 2002 Expenditures Fund/Pro,ram/Classification General Fund Village Manager's Office - Legat Contractual Services Village Manager's Office - MIS 2 Contractual Services Human Services - Administration 3 Contractual Services Police Department- Administration 4 Other Employee Costs Police Department - Cdrne Prey. 5 Other Employee Costs All other General Fund Accounts Total General Fund Account # 0011102-540085 0011104-540655 0013101-540921 0014101-520000 0014103-520010 Current Amended Budget Increase Budget Account Desedption Amount (Decrease) Amount Legal - General Counsel 185,000 73,000 258,000 Telephone Malntsnance 5,000 3,318 8.318 Office Lease - Relocation 130,000 (80.000) 50,000 Training 53.200 8,196 61.396 Community Policing Train. 4,200 700 4,900 28.216,865 0 28,216,865. Refuse Disposal Fund Refuse Disposal Contractual Services 0305601-540877 All other Refuse Disposal Fund Accounts Total Refuse Disposal Fund Fixed Costs - SWANCC Motor Fuel Tax Fund Street Improvements Infrastructure 0507706-690005 infrastructure 0507706-690007 All other Motor Fuel Tax Fund Accounts Total Motor Fuel Tax Fund Street Ught Improvements Addison Court Improvements Local Law Enforcement Block Grant Fund Village Improvements & Equip. Other Equipment 0607701-670074 In-car video cameras All other Local Law Enforcement Block Grant Fund Accounts Total Lccal Law Enforcement Block Grant Fund f0 Asset Seizure Fund Police Investigations Other Equipment 0804104-670151 All other Asset Seizure Fund Accounts Total Asset Seizure Fund Other Equipment 11 DUI Fine Fund Police Patrol Other Equipment All other DUI Fine Fund Accounts Total DUI Fine Fund 0864102-670151 Other Equipment Community Development Block Grant Fund CDBG Accessibility and Ne[ghbothood Improve. Infrastructure 0702306-690001 Infrastructure 0702306-690020 All other CDBG Accounts Total CDBG Fund Streeglght Improvements Boxwood Streetllghts Sedes 1993B Debt Service Fund Debt Service - Property Taxes 14 Bond Principal 1708102-710240 15 Bond Principal 1708102-710250 16 Interest Expense 1708102-720241 17 Interest Expense 1708102-720251 1993B Principal 1993B Principal 1993B Interest 1993B Interest 28,594,265 5,214 28,599,479 522,500 (155,510) 366,990 2,886,371 0 2,886,371 3~08,871 (156,519) 3.253,361 359,603 (119,303) 240,300 220,000 (220,000) 0 2,136,603 0 2,136,603 2,716,206 (339,303) 2,376,903 18,410 7,036 25,446 0 0 0 18,410 7,036 25.446 0 7,808 7,808 0 0 0 0 7.808 7,808 0 790 700 0 0 0 0 700 700 80,000 f60,258 240,258 73,067 (73,067) 0 603,784 0 603,784 756,851 87,191 844,042 120,600 (120,600) 0 377,500 (377,500) 0 29,812 (19,547) 10,265 72,321 (47,422) 24,899 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2002 through December 31, 2002 Expenditures Kern 19 Fund/Program/Classification Account# I nterfund Transfers 1708102-800200 Other Financing Uses 1708102-810100 All other Series 1993B Debt Service Fund Accounts Total Sedes 1993B Debt Service Fund Account Description Transfer to 2002B D/S Bond Principal - Refunding 20 21 22 23 Series 2002B Debt Service Fund Debt Se~/ice - Property Taxes Contractual Services 2008102-546025 Bond Principal 2008102-710276 Interest Expense 2008102-720276 Bank and Fiscal Fees 2008102-730276 All other Series 2002B Debt Service Fund Accounts Total Series 2002B Debt Service Fund Bond Financing Cos~ 2002B Bond PHnclpal 2002B Bond Intsrest 2002B Bank Fee 24 25 26 27 Series 2002.4 Debt Service Fund Debt Service - Tax increment Contractual Services 2308103-540025 Bond Pdncipal 2308103-710275 Interest Expense 2308103-720275 Bank and Fiscal Fees 2308103-730275 All other Series 2002A Debt Service Fund Accounts Total Series 2002A Debt Service Fund Bond Financing Costs 2002A Bond Principal 2002A Bond Interest 2002A Bank Fee Series 1993A Debt Service Fund Debt Service - Tax Increment 28 Bond principal 2508103-710320 29 Bond Principal 2508103-710325 30 Interest Expense 2508103-720321 31 Interest Expense 2508103-720326 32 Interfund Transfers 2508103-800230 33 Other Financing Uses 2508103-810100 All other Series 1993A Debt Service Fund Accounts Total Series 1993A Debt Service Fund Cuffent Amended Budget Increase Budget Amount (Decrease) Amount 0 459,821 459,821 0 2,286,200 2,286,200 800 0 800 34 35 36 37 Series fgg3B Debt Service Fund Debt Service - Home Rule Sales Tax 1 Bond Principal 3208104-710410 Interest Expense 3208104-720411 Interfund Transfem 3208104-800400 Other Financing Uses 3208104-810100 All other Series 1993B Debt Service Fund Accoun[s Total Series 1903B Debt Service Fund 601,033 2,180,952 2,781,985' 0 12,752 12,752 0 498,100 498,100 0 35,902 35,902 0 750 750 0 0 0 0 547,504 547,504 0 3,542 3,542 0 450,000 450,000 0 8,706 8,706 0 1,588 1,588 0 0 0 0 463,836 463,836 38 39 40 Series 1994A Debt Service Fund Debt Service - Home Rule Sales Tax 1 Bond Pdncipal 3308104-710415 Interest Expense 3308104-720416 Interfund Transfers 3308104~800400 Other Financing Uses 3308104-810160 All other Series 1994A Debt Service Fund Accounts Total Series 1994A Debt Service Fund 42 Series f996A Debt Service Fund Debt Service - Home Rule Sales Tax 1 Bank and Fiscal Fees 3406104-730422 All other Sedes 1996A Debt Service Fund Accounts Total Series 1996A Debt Service Fund 458,930 556,522 1,015,452 1993B Pdncipal 257,000 (257,000) 0 1993B Interest 46,892 (30,733) 16,159 Transfer to 2002B D/S 0 173,840 173,840 Bond Principal - Refunding 0 1,050,600 1,050,600 500 0 500 304,392 936,707 1,241,099 1994A Principal 155,000 (155,000) 0 t994A Interest 22,760 (14,922) 7,838 Transfer to 2002B D/S 0 97,120 97,120 Bond Principal - Refunding g 525,000 525,000 500 0 500 178,260 452,198 630,458 1996A Bank Fee 500 500 1,0g0 209,880 0 209,880 210,380 500 210,880 1993A Principal 40,000 (40,000) 0 1993A Principal 390,000 (390,000) 0 1993A Interest 3,765 (2,468) 1,297 1993A Interest 24,165 (15,842) 8,323 Transfer to 2002A D/S 0 369,832 369,832 Bond Principal - Refunding 0 635,000 635,000 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2002 through December 31, 2002 Expenditu res Item Ho. 43 44 45 46 Fund/pro,ram/Classification Account # Series 2002B Debt Service Fund Debt Service - Home Rule Sales Tax 1 Contractual Services 4008104-540025 Bond Principal 4008104-710276 Interest Expense 4008104-720276 Bank and Fiscal Fees 4008104-730276 Ail other Series 2002B Debt Service Fund Accounts Total Series 2002B Debt Service Fund Account Descdptton Bond Financing Costs 2002B Bond Principal 2002B Bond Interest 2g02B Bank Fee 47 48 49 50 Sedes 1994A Debt Service Fund Debt Service - Home Rule Sales Tax 2 Bond Principal 4108105-710501 Interest Expense 4108105-720502 I nterfund Transfers 4108105-800440 Other Financing Uses 4108105-810100 All other Series 1994A Debt Service Fund Accounts Total Sehes 1994A Debt Service Fund Current Amended Budget increase Budget Amount (Decrease) Amount 52 53 54 $e~es 2002B Debt Service Fund Debt Service - Home Rule Sales Tax 2 Contractual Services 4408105-840025 Bond Principal 4408105-710276 Interest Expense 4408105-720276 Bank and Fiscal Fees 4408105-730276 All other Sehes 2002B Debt Service Fund Accounts Total Series 2002B Debt Service Fund 55 56 57 58 Capital Improvement Fund Village Improvements Building Improvements Building Improvements Other Equipment infrastructure All other Capital Improve. Fd. Accounts Total Capital improvement Fund 5107701-640003 5107701-640020 5107701-670021 5107702-690005 59 60 Series 2001 project Pund Village Improvements & Equip. Building Improvements 5257701-640015 Building Improvements 5257701-640017 Building Improvements 5257701-640022 All other Series 2001 Project Fund Accounts Total Series 2001 Project Fund 0 8,788 8,788 0 412,000 412,000 0 23,777 23,777 0 750 750 0 0 0 62 Sedes 2~02 Project Fund Village Improvements & Equip. Contractual Services 5267701 -,540025 All other Series 2002 Project Fund Accounts Total Series 2002 Project Fund 0 445,315 445,315 1994A Principal 545,000 (545,000) 0 1994A Interest 73.678 (48,298) 25,380 Transfer to 2002B DIS 0 397,852 397,852 Bond Principal - Refunding 0 1,700,000 1,700,000 500 0 500 619,178 1,504.554 2,123,732 Bond Financing Costs 0 9,482 9,482 2002B Bond Principal 0 545,000 545,000 2002B Bond Interest 0 24,186 24,186 2g02B Bank Fee 0 750 750 0 0 0 0 579,418 579,418 Station 12 Improvements 0 380.266 380,266 Properbj Acq.- Village Hall 0 673,500 673,500 Cardiac Monitors 0 75,000 75,000 Residential Street Lights 786,697 (678,697) 108,000 2.188,865 450,069 2,638,934 63 Village HalgComm Center Parking Structure Demolition & Site Work Bond Financing Costs Capital Improvements Construction Fund Village Improvements & Equip. Building Improvements 5307701-64g003 Station 12 Improvements All other Capital improvements Construction Fund Accounts Total Capital Improvements Construction Fund Flood Control Constr. Fd Flood Control Projects 2,600,000 (1,500,000) 1,100,000 1,500,000 (1,000,000) 500,000 0 300,000 300,000 555~20 0 555,420 4,655~20 (2,200.000) 2~55,42g 102,705 (102,705) 0 0 0 0 102,705 (102,705) 0 150,000 3,938 153,938 0 0 0 150,000 3,938 153,938 VILLAGE OF MOUNT PROSPECT Budget Amendment No. 2 Fiscal Year January 1, 2002 through December 31, 2002 Expenditures Account # Item No. Fund/Program/Classi§cation 64 Infrastructure 5907704-690007 65 Infrastructure 5907704-690101 66 Infrastructure 5907704-690110 67 Infrastructure 5907704-690111 All other Flood Control Constr. Fd accounts Total Flood Control Constr. Fund Water and Sewer Fund Water Admlnis~'atlon 68 Other Expenditures 6105501-592041 69 Other Expenditures 6105501-592042 70 Bond Principal 6105501-710040 71 Bond Pdncipal 6105501-710276 Water Distribution M & R 72 Other Equipment 6105505-670038 Water & Sewer Improvements 73 Con~ractual Services 6105510-540777 74 Distribution Systems 6105510-680007 75 Distribution Systems 6105510-680010 All other Water and Sewer Fd accounts Total Water and Sewer Fund Parking Revenue Fund Public Works - Parking Lot Maintenance 76 Contractual Services 6305111-540910 All other Par~ing Revenue Fund Accounts Total Parking Revenue Fund Risk Management Fund Casualty & Proped7 Program 77 Insurance 6908501-560102 78 Insurance 6908501-560103 79 Insurance 6908501-560104 80 Insurance 6908501-560202 81 Insurance 6908501-560204 Medical Insurance 82 Insurance 6908502-560112 83 Insurance 6908502-560207 Ali other Risk Management Fund accounts Totsl Risk Management Fund Total Village Budget Funds being changed All other Village Budget accounts Total Village Budget after Changes Current Amended Budget Increase Budget Account Description Amount (Decrease) Amount Addison Court Improvements 120,0~0 (120,000) 0 Weller Creek Design 0 30,162 30,162 Melas Park/Crumley Impr 100,000 100,000 200,000 Wedgewood Improve. 315.000 (265.000) 50,000 2,169,099 0 2,169,099 2,704,099 (254,838) 2.449,261 1993 Bonds - Interest 17,312 (11.341) 5,971 2002B Refunding Interest 0 5,945 5.945 1993 Bonds - Principal 104,900 (104,900) 0 2002B Bond Princ[pa~ 0 104,900 104,900 Booster Pump/Panel Repl. 600,000 (250,000) 350,000 Sewer Repair 280,000 10,747 290,747 Addison Court Improve. 80,000 (80,000) 0 Combined Sewer Improve. 750,000 (500,000} 250,000 7,230,950 0 7.230,950 9,063,162 (824,649) 8,238,513 15,000 8,200 23.200 493,318 0 493,318 508,318 8,200 516,518 MetraLandLease Liability Insurance 115,850 3,000 118,850 HELP Excess Uability 74,540 9,000 83,540 Workers Comp Insurance 25,000 8,342 33,342 Liability Claims 150,000 t 88.300 338,300 Workers Comp Claims 225,000 45,000 270,000 HMO Medical Claims 824,613 (22,470) 802,143 2,147,263 89,567 2,236,830 325,827 0 325,827 3,888,093 320,739 4,208,832 61,127,438 4,681,396 65,808,834 t4,165,778 0 t4.t65,778 75,293,216 4,681,396 79,974,612