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Home My WebLink AboutOrd 5299 12/17/2002ORDINANCE NO. 5 2 9 9 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2003 AND ENDING DECEMBER 31, 2003 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 17thday of December ,2002 Published in pamphlet form by authority of the corporate authorities of th.e_Village of_Mount ,Prospect, Illinois the l-gt~ay of °ecemr)e,r2002. ORDINANCE NO. 5 2 9 9 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2003 AND ENDING DECEMBER 31, 2003 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, 2003 and ending December 31, 2003, 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 8, 2002 for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 5, 2002, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 17, 2002, 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, 2003 and ending December 3 I, 2003, 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, 2003 and ending December 31, 2003, 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: Hoefert, Lohrstorfer, NAYS: None ABSENT: ~6rcoran PASSED AND APPROVED this Skowron, Wilks, Zadel 17th day of December ,2002, ATTEST: Gerald L. Farley, V~a~e President 2 VILLAGE OF MOUNT PROSPECT 2003 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES 2003 BUDGET Account Name Account Number GENERAL FUND Expenditures Village Manager's Office Public Information Other Professional Services 0011105-540210 Village Clerk's Office Copier Lease Payments 0011402-540938 Finance Department Contractual Services Copier Lease Payments 0011704-540938 Police Department- Patrol and Traffic Control Personal Services Overtime Earnings Community & Civic Services Contractual Services M.P. Historical Society White Light installation Commodities & Supplies White Light Supplies Other Expenditures Total Expenditures 2OO3 2003 Budget Proposed Originally Recommended Budget Proposed ChanCe As Amended 52,000 7,000 59,000 0 3,84O 3,84O 0 3,840 3,840 0014102-500300 350,530 15,000 365,530 0016102-540980 36,000 2,000 38,000 0016104-540962 36,000 (1,000) 35,000 0016104-570855 8,820 (1,000) 7,820 29,510,398 0 29,510,398 29,993,748 29,680 30,023,428 COMMUNITY DEVELOPMENT BLOCK GRANT FUND Revenues Intergovernmental Revenues CDBG Grant Other Revenues Total Revenues 0700000-433000 Expenditures Community Development CDBG Community Programs Club RecPlex Program Low Income Health Care Special Leisure Services CDBG Single Family Rehab Programs Single Family Rehab Other Expenditures Total Expenditures 370,151 86,000 456,151 56,800 0 56,800 426,951 86,000 512,951 0702305-540220 3,000 500 3,500 0702305-540270 10,000 1,000 11,000 0702305-540283 2,500 (500) 2,000 0 0 0 0702307-590200 151,950 85,000 236,950 259,501 0 259,501 426,951 86,000 512,951 Page 1 VILLAGE OF MOUNT PROSPECT 2003 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES 2003 BUDGET Account Name Account Number CAPITAL IMPROVEMENTS FUND Revenues Other Revenues Developer Donations Other Revenues Total Revenues 2OO3 2003 Budget Proposed Originally Recommended Budget Proposed Change As Amended Expenditures Community Improvement Projects Infrastructure Residential Street Lights Other Expenditures Total Expenditures 5100000-485000 0 40,500 40,500 515,000 0 515,000 515,000 40,500 555,500 5107702-690005 678,697 (535,911) 142,786 572,119 0 572,119 1,250,816 (535,911) 714,905 G,O. SERIES 2001 PROJECT FUND Revenues Investment Income Interest Income Other Revenue Accounts Total Revenues Expenditures Village Improvements Contractual Services Other Professional Services Building Improvements Station 12 Improvements Village Hall/Community Center Parking Structure Other Expenditures Total Expenditures 5250000-460100 7,307 13,059 20,366 0 0 0 7,307 13,059 20,366 5257701-540110 141,000 152,873 293,873 5257701-640003 0 275,500 275,500 5257701-640015 1,500,000 (290,000) 1,210,000 5257701-640017 830,319 1,535,318 2,365,637 0 0 0 2,471,319 1,673,691 4,145,010 G.O. SERIES 2003 PROJECT FUND Revenues Investment Income Interest Income Other Revenue Accounts Total Revenues 5260000-460100 135,440 (15,338) 120,102 12,235,000 0 12,235,000 12,370,440 (15,338) 12,355,102 Page 2 VILLAGE OF MOUNT PROSPECT 2003 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES 2003 BUDGET Account Name Account Number 2OO3 2003 Budget Proposed Originally Recommended Budget Proposed ChanCe As Amended G.O. SERIES 2003 PROJECT FUND (Cont.) Expenditures Village Improvements Contractual Services Other Professional Services Building Improvements Station 12 Improvements Village Hall/Community Center Parking Structure Other Expenditures Total Expenditures 5267701-540110 423,000 (94,000) 329,000 5267701-640003 275,500 (275,500) 0 5267701-640015 4,500,000 1,275,000 5,775,000 5267701-640017 4,469,681 (35,318) 4,434,363 605,600 0 605,600 10,273,781 870,182 11,143,963 LIBRARY FUND Revenues Property Taxes, Library Property Taxes, IMRF Property Taxes, Maint. & Repair Property Taxes, Insurance & Audit Property Taxes, Debt Service Other Revenues Total Revenues Expenditures Administration Payroll Pension Medical Insurance Other Administration Postage & Printing Programs Contractual Services Library Supplies Other Operating Expenses Audit and Insurance Building Utilities Building Maintenance Equipment Maintenance Equipment & Equipment Rental Other 9500000-499100 9500000-499101 9500000-499102 9500000-499103 9500000-499104 9500000-499109 9509502-900110 9509502-900120 9509502-900130 9509502-900140 9509502-900150 9509502-900155 9509502-900160 9509502-900170 9509502-900171 9509502-900210 9509502-900200 9509502-900220 9509502-900225 9509502-900226 0 3,545,520 3,545,520 0 315,390 315,390 0 246,641 246,641 0 50,590 50,590 0 1,620,313 1,620,313 0 20,393,259 20,393,259 0 26,171,713 26,171,713 0 2,676,200 2,676,200 0 321,700 321,700 0 190,500 190,500 0 50,400 50,400 0 0 0 0 148,800 148,800 0 54,600 54,600 0 78,600 78,600 0 51,600 51,600 0 63,000 63,000 0 25,000 25,000 0 44,500 44,500 0 96,900 96,900 0 12,000 12,000 Page 3 VILLAGE OF MOUNT PROSPECT 2003 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES 2OO3 BUDGET Account Name Account Number LIBRARY FUND (Cont.) Expenditures (Cont.) Materials Books Audio Visual Other Materials Contingencies Other Funds Bldg. & Equipment Fund Gift Fund Library Debt Service Fund Library Capital Projects Fund Total Expenditures 9509502-900300 9509502-900310 9509502-900311 9509502-900312 9509502-900313 9509502-900330 9509502-900700 9509502-900701 2OO3 2003 Budget Proposed Originally Recommended Budget Proposed Chan~e As Amended 0 338,400 338,400 0 79,400 79,400 0 119,800 119,800 0 300,000 300,000 0 600,000 600,000 0 300,000 300,000 0 1,620,313 1,620,313 0 19,000,000 19,000,000 0 26,171,713 26,171,713 Page 4 VILLAGE OF MOUNT PROSPECT 2003 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES 2004 FORECAST BUDGET Account Name Account Number GENERAL FUND Expenditures Village Manager's Office Village CIerk's Office Copier Lease Payments Finance Department Contractual Services Copier Lease Payments Other Expenditures Total Expenditures 0011402-540938 0011704-540938 2004 Forecast Budget Originally Proposed Recommended Change 2004 Forecast Budget As Amended 0 3,840 3,840 0 31,870,612 3,840 3,840 0 31,870,612 31,870,612 7,680 31,878,292 G.O. SERIES 2003 PROJECT FUND Revenues Investment Income Interest Income Other Revenue Accounts Total Revenues Expenditures Vitlage Improvements Building Improvements Village Hail/Community Center Parking Structure Construction Contingencies Other Expenditures Total Expenditures 5260000-460100 4,588 (1,641) 2,947 0 0 0 4,588 (1,641) 2,947 5267701-640015 1,000,000 115,000 1,115,000 5267701-640017 1,000,000 (1,000,000) 0 5267701-640023 3,957 (2,161) 1,796 97,290 0 97,290 2,101,247 (887,161) 1,214,086 Page 1 VILLAGE OF MOUNT PROSPECT 2003 BUDGET SUMMARY TOTAL VILLAGE BUDGET I ~ool 2002 ~6~ ~0~ ~004 Actual Budget Estimate Budget Forecast REVENUES AND OTHER SOURCES Property Taxes Other Taxes Licenses, Permits & Fees Intergovernmental Revenue Charges for Service Fines and Forfeits Investment Income Reimbursements Other Revenue lnterfund Transfers Other Financing Sources Village Revenues and Other Sources Mount Prospect Library Revenues Total Revenues and Other Sources 9,788,28I 10,481,059 10,520,768 10,930,576 11,455,364 10,180,223 10,136,112 9,925,314 10,606,790 10,775,246 2,967,003 3,000,200 2,980,530 2,767,330 2,780,830 15,432,125 17,124,437 16,400,799 15,642,253 16,012,121 12,804,435 13,358,504 13,399,125 14,385,786 15,307,164 553,687 459,700 502,700 512,960 529,700 7,517,698 5,090,157 3,078,688 4,555,565 4,461,101 751,236 561,410 719,225 357,820 368,200 3,307,920 3,402,188 3,483,429 3,748,855 3,979,479 641,970 1,865,928 1,865,928 1,096,677 1,009,130 5,789,236 7,482,421 7,482,42i 12,295,000 60,000 69,733,814 72,962,116 70,358,927 76,899,612 66,738,335 4,469,111 5,382,877 5,382,877 26,171,713 (a) 74,202,925 78,344,993 75,741,804 103,071,325 66,738,335 BUDGET EXPENDITURES Village Operating Budget Village Capital Budget Debt Service Budget Pension Systems Budget Internal Services Budge~ (b) Total Village Expenditures Mount Prospect Library Budget Total Expenditures 40,123,386 42,204,955 41,338,773 44,124,504 45,631,709 7,634,354 15,301,401 12,756,505 22,394,914 8,448,686 4,363,237 13,155,446 13,149,366 5,858,792 5,976,312 3,511,970 3,952,767 3,827,672 4,113,425 4,238,106 4,950,662 5,360,043 5,297,408 5,777,393 6,495,093 60,583,609 79,974,612 76,369,724 82,269}028 70,789,906 4,055,191 5,382,877 5,382,877 26,171,713 (a) 64,638,800 85,357,489 81,752~601 108,440,741(d) 70,789,906(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 9,564,125 (7,0t2,496) (6,010,797) (5,369,416) (a) ~,051,571) 101,783,480 111,347,605 111,347,605 105,336,808 99,967,392 111,347,605 104,335,109 105,336,808 99,967,392 95,915,821 (64,529,582) (67,467,743) (65,166,447) (67,473,053) (69,899,630) 46,818,023 36,867,366 40,170,361 32,494,339 26,016,191 (a) Co) (c) (d) Not available as of December 17, 2002. 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 o£the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2003 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2001 2002 2002 2003 2004 Actual Budget Estimate Budget Forecast PROPERTY TAXES OTHER TAXES Home R.ule Sales Tax Food & Beverage Tax Special Service Area Taxes Property Tax Increment R. eal Estate Transfer Tax Utility Taxes Municipal Motor Fuel Tax Other Taxes 9,788,281 10,481,059 10,520,768 10,930,576 11,455,364 2,874,440 2,776,742 2,530,000 2,580,600 2,632,212 640,353 644,184 644,178 657,065 670,206 1,531,324 1,580,848 1,580,319 1,570,150 1,569,375 804,700 953,876 954,686 1,128}217 1,441,000 826,717 715,000 770,000 750,000 780,000 3,147,580 3,t15,366 3,108,966 3,580,028 3,337,623 153,336 150,000 150,000 150,000 150,000 201,773 200,096 187,165 190,730 194,830 10, t80,223 10,136,112 9,925,314 10,606,790 10,775,246 LICENSES, PERMITS & FEES Vehicle Licenses Other Licenses Permit Fees Intkastructure Mtc Fee Franchise Fee Other Fees 1,359,476 1,368,000 1,368,000 1,368,000 1,368,000 349,250 348,000 349,730 350,730 351,730 381,294 424,700 424,500 427,500 430,500 214,262 316,200 230,000 339,628 265,000 340,000 346,800 353,700 323,093 278,300 268,300 274,300 276,900 2,967,003 3,000,200 2,980,530 2,767,330 2,780,830 INTERGOVERNMENTAL REVENUE State Sales Tax State Income Tax State Motor Fuel Tax Other State Taxes Community Devl Block Grant Other Grants 7,729,085 7,856,964 8,265,850 8,540,200 9,168,300 4,049,867 4,175,000 3,644,880 3,754,226 3,866,850 1,542,199 1,554,245 1,580,000 1,611,000 1,643,000 958,622 1,001,500 797,455 780,303 800,706 590,005 771,272 771,272 456,151 372,915 562,347 1,765,456 1,341,342 500,373 16~350 15,432,125 17,124,437 16,400,799 15,642,253 16,012,121 CHARGES FOR SERVICE Water & Sewer Charges Parking Charges Refi~se Disposal Charges Internal Service Fund Charges Other Service Charges 5,946,488 6,337,412 6,373,912 6,590,800 6,852,700 163,671 174,000 164,000 164,000 164,000 911,271 915,250 930,300 972,300 1,001,300 5,047,160 5,151,666 5,151,666 5,843,733 6,450,126 735,845 780,176 779,247 814,953 839,038 12,804,435 13,358,504 13,399,125 14,385,786 15,307,I64 FINES AND FORFEITS INVESTMENT INCOME General Fund Pension Funds Other Funds 553,687 459,700 502,700 512,960 529,700 · 492,969 345,000 285,000 265,000 265,000 5,407,500 3,704,000 1,955,000 3,615,000 3,715,000 1,617,229 1,041,157 838,688 675,565 481,101 7,517,698 5,090,157 3,078,688 4,555,565 4,461,101 VILLAGE OF MOUNT PROSPECT 2003 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2001 2002 2002 2003 2004 Actual Budget Estimate Budget Forecast REIMBURSEMENTS 751,236 561,410 719,225 357,820 368,200 OTHER REVENUE Village Police & Fire Pension Contributions 1,437,150 1,589,919 1,589,920 1,810,214 1,898,584 Developer Donations 87,750 40,500 45,900 40,500 Employee & Retiree Contributions 1,454,933 1,565,919 1,565,919 1,687,191 1,867,445 Other Revenue 328,087 205,850 281,690 210,950 213,450 TOTAL VILLAGE REVENUES INTERFUND TRANSFERS 3,307,920 3,402,188 3,483,429 3,748,855 3,979,479 63,302,608 63,613,767 61,010,578 63,507,935 65,669,205 641,970 1,865,928 1,865,928 1,096,677 1,009,130 OTHER FINANCING SOURCES Bond Proceeds 5,000,000 6,197,421 6,197,421 12,235,000 EPA Flood Loan Sale of Property 789,236 1,285,000 1,285,000 60,000 60,000 5,789,236 7,482,421 7,482,421 12,295,000 60,000 ~O~AL ILbAGE REV~NUJ~S ...... : ................... ~i-~ '.,:~'~-~.~'.~'~ :," ~' '"', .... ~ '-'~y', ~9~733 813: 72,962 116 ' ,, :70~58,92~ .., 76~9~1~ ~ 6~738 ~5 · MOUNT PROSPECT LIBBY ~NUES 4,469,111 5,382,877 5,382,877 26,171,713 (a) ':",n, ~ '~ ........ ,r,.. 74,201 ~S .:'. '78~44,993:: 75 7~1~04: · .t05,~71~25, 66'~73833~(bJ. C~NGES IN FUND BALANCES (b) Total Revenues & O~er Sources 74,202,925 78,344,993 75,741,804 103,071,325 66,738,335 Tot~ Expenditures 64,638,800 85,357,489 81,752,601 108,440,741 70,789,906 Additiuns to <Use o~ Fund Bal~ces 9,564,125 (7,012,496) (6,010,797) (5,369316) (4,051,571) ANALYSIS OF CHANGES 1N FUND BALANCES (b) Additions to Pension Fund Balances 841,148 2,245,242 636,865 2,306,606 2,426,577 Additions to Other Fund Balances 8,722,977 <Use oft Other Fund Balances (9,257,738) (6,647,662) (7,676,022) (6,478,148) 9,564,125 (7,012,496) (6,010,797) (5,369,416) (4~051,571) (a) Figares not available as of December 17, 2002. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT II 2003 BUDGET SUMMARY I BUDGET EXPENDITURES 2001 2002 2002 2003 2004 Actual Budget Estimate Budget Forecast 7-'~ PUBLIC REPRESENTATION 100,589 105,468 104,461 104,167 110,938 VILLAGE ADMINISTRATION Village Manager's Office Television Services Division Village Clerk's Office Finance Department Totals 1,264,541 1,359,962 1,331,543 1,785,366 1,832,902 182,592 205,228 202,417 181,389 193,356 152,695 144,504 147,357 150,792 160,172 1,313,569 1,393,203 1,391,843 1,293,086 1,371,654 2,913,397 3,102,897 3,073,160 3,410,633 3~558,084 COMMUNITY DEVELOPMENT Community Development Con~nunity Development~CDBG Totals 1,581,012 1,514,389 1,510,389 t,549,758 1,825,028 654,850 844,042 821,282 512,951 429,715 2,235,862 2,358,431 2,331,671 2,062,709 2,254,743 HUMAN SERVICES DEPARTMENT 635,160 751,486 725,940 756,285 815,376 I PUBLIC SAFETY AND PROTECTION Police Department Fire Department Totals 9,540,896 7,619,558 9,856,315 9,736,298 10,483}729 10,952,534 7,850,578 7,815,354 8,353,838 8,789,330 17,160,454 t7,706,893 17,551,652 15,837}567 19,741,864 I PUBLIC WORKS DEPARTMENT Administration 942,406 970,640 949,517 969,874 1,028,316 Streets/Bldgs/Parking 2,331,250 2,524,250 2,418,269 2,233,879 2,377,865 Forestry 1,243,629 1,312,531 1,289,200 1,318,443 1,416,137 Engineering 1,016,690 1,209,537 1,174,485 1,022,119 1,072,916 Water/Sewer 7,439,884 8,238,513 7,870,898 8,723,797 8,660,026 Refuse Disposal 3,176,980 3,253,361 3,178,745 3,307,863 3,343,701 Totals 16,150,839 t7,508,832 16,881~i14 17,575,975 17,898,961 COMMUNITY SERVICE PROGRAMS 285,115 303,485 303,312 280,491 289,013 CONTINGENCIES & EQUITY TRANSFERS 641,970 367,463 367,463 1,096,677 962,730 VILLAGE OF MOUNT PROSPECT 2003 BUDGET SUMMARY BUDGET EXPENDITURES 2001 2002 2002 2003 2004 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 Replasemant Computer Replacement Totals 509,344 4,357,586 2,460,085 15,861,092 1,694,846 344,448 812,152 808,402 142,786 215,000 1,055,555 1,551,977 980,075 761,542 220,710 726,777 2,589,261 2,597,261 265,000 500,000 4,288,847 4,455,743 4,455,743 3,688,673 4,550,530 673,128 1,427,957 1,348,026 1,464,571 1,093,100 36,255 106,725 106,913 211,250 174,500 7,634,354 15,301,401 12,756,505 22,394,914 8,448,686 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 Area Totals 635,64t 3,841,071 3,839,563 2,056,053 2,028,172 1,311,101 2,359,478 2,357,976 780,585 912,075 1,493,399 3,318,392 3,316,604 1,487,540 1,499,369 880,791 3,596,450 3,595,168 1,496,839 1,496,201 42,305 40,055 40,055 37,775 40,495 4,363,237 13,155,446 13,149,366 5,858,792 5,976,312 PENSION SYSTEMS BUDGET Miscellaneous Pensions 51,042 51,957 51,957 52,875 53,791 Police Pensions 1,728,981 1,979,010 1,906,088 2,071,900 2,140,020 Fire Pensions 1,731,947 1,921,800 1,869,627 1,988,650 2,044,295 Totals 3,511,970 3,952,767 3,827,672 4,113,425 4,238,106 VILLAGE INTERNAL SERVICES BUDGET Vehicle Maintenance Services Risk Management Casualty and Property Insurance Medical Insurance Totals 1,042,527 1,168,979 1,152,988 1,144,297 1,227,908 1,215,390 1,028,957 985,592 915,013 2,692,745 3,162,107 3,158,828 3,718,083 4,950,662 5,360,043 5,297,408 5~777,393 6,495,093 911,836 4,355,349 MOUNT PROSPECT LIBRARY BUDGET 4,055,191 5,382,877 5,382,877 26,171,713 (a) I (a) Figures not available as of December 17, 2002. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2001 2002 2002 2003 2004 Actual Bridget Estimate Budget Forecast GENERAL FUND SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Law Enforcement Block Grant Community Develpmnt Block Grot Asset Seizure Fund DEA Shared Funds Fund DUI Fine Fund 28,081,184 28,382,315 28,369,170 29,221;405 30,490,645 I 3,344,793 3,457,972 3,478,273 3,280,673 3,309,673 1,657,216 1,624,395 1,630,275 1,641,250 1,673,250 5,060 25,446 25,526 12,173 654,850 821,282 821,282 512,951 429,715 28,331 7,250 7,250 7,200 7,200 41,086 12,000 12,000 12,000 12,000 15,371 6,300 6,350 6,050 6,050 5,746,707 5,954,645 5,980,956 5,472,297 5,437,888 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes G.O. Bonds - Tax Inc~nnent G.O. Bonds - Home Rule Sales Tax 1 G.O. Bonds - Home Rule Sales Tax 2 Special Servien Area Bonds 660,625 3,809,096 3,808,688 1,952,515 1,988,591 1,068,787 1,954,387 1,949,315 874,833 1,010,549 1,447,298 3,264,841 3,125,189 1,299,161 1,322,188 1,049,496 3,504,048 3,378,397 1,303,674 1,372,951 40,142 36,548 36,123 33,531 32,681 4,266,348 12,568,920 t2,297,712 5,463,714 5,726,960 FUNDS Capital Improvement Fund Series 2001 Project Fund Series 2003 Project Fund Capital Improvement Const Fund Downtown Redevlpnmt Const Street Improvement Const Fund Flood Control Const Fund 1,2t0,330 1,048,150 574,450 555,500 170,000 5,021,245 135,588 83,731 20,366 12,355,102 2,947 7,871 2,100 2,100 872,853 1,249,640 1,249,740 259,600 438,000 2,395,753 1,854,992 1,857,586 1,820,765 1,509,715 178,619 1,075,000 1,060,000 20,000 15,000 9,686,671 5,365,470 4,827,607 15,031,333 2,135,662 ENTERPRISE FUNDS Water And Sewer Fund Parking System Revenue Fund I 7,697,200 8,042,712 8,028,737 8,212,925 8,474,825 I 343,126 202,200 t 88,240 189,200 189,200 I 8,040,326 8,244,912 8,216,977 8,402,125 8,664,025 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Fund Risk Management Fund 1,151,531 1,155,478 1,156,978 1,144,297 1,227,908 1,154,894 1,060,651 1,060,651 1,027,561 1,027,561 137,172 200,053 199,053 227,476 223,357 3,746,594 3,831,663 3,800,913 4,529,130 5,193,437 6,190,191 6,247,845 6,217,595 6,928,464 7,672,263 VILLAGE OF MOUNT PROSPECT 2002 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2001 2002 2002 2003 2004 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund 3,770,506 3,093,539 2,157,540 3,108,033 3,272,709 Fire Pension Fund 3,931,969 3,103,370 2,290,370 3,272,141 3,338,183 Benefit Trust #2 Fund 3,231 1,100 1,000 100 Escrow Deposit Fund 16,681 7,722,387 6,198,009 4,448,910 6,380,274 6,610,892 I '"::'.'' · .... ' ': ~.'~ ': ' ~ 69733,814 72962/116 ' 70388927 76899612 "' 66,738335 " '. ': :~'ILLAGE FIJN~o~ ""::':: ': : '" : . ' IMOUNT PROSPECT LIBRARY FUND 4,469,111 5,382,877 5,382,877 26,171,713 (a) (a) Figures not available as of December 17, 2002. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2003 BUDGET SUMMARY EXPENDITURES BY FUND 2001 2002 2002 2003 2004 Actual Budget Estimate Budget Forecast GENERAL FUND 28,118,941 28,599,479 28,198,486 30,023,428 31,878,2~2 SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Community Development Block Grant Local Law Enforcement Block Grant Asset Seizure Fund DEA Shared Funds Fund DUI Fine Fund Totals 3,176,980 3,253,361 3,178,745 3,307,863 1,352,366 2,376,903 2,596,903 1,886,033 654,850 844,042 821,282 512,951 5,061 25,446 25,446 12, I73 6,143 7,808 7,808 8,850 5,225 10,823 700 700 12,000 5,206,223 6,508,260 6,630,884 5,745,095 3,343,701 1,910,920 429,715 7,070 4,700 3,000 5,699,106 DEBT SERVICE FUNDS G.O. Bonds ~ Property Taxes G.O. Bonds - Tax Increment G.O. Bonds - Home Rule Sales Tax I G.O. Bonds - Home Rule Sales Tax 2 Special Service Area Bonds Totals 635,641 3,841,071 3,839,563 2,056,053 2,028,I72 1,311,101 2,359,478 2,357,976 780,585 912,075 t,493,399 3,318,392 3,316,604 1~87,540 1,499,369 880,791 ~596,450 3,595,168 1~96,839 1,496,201 42,305 40,055 40,055 37,775 40,495 4,363,237 t3,155,446 13,149,366 5,858,792 5,976,312 CAPITAL PROJECTS FUNDS Capital Improvement Fund Series 2001 Project Fund Series 2003 Project Fund Capital Improvement Const Fund Downtown Redevelop Const Fund Street Improvement Const Fund Flood Control Const Fund Totals 650,192 2,638,934 2,396,556 714,905 1,857,480 183,786 2,455,420 796,547 4,145,010 11,143,963 1,214,086 42,752 153,938 153,938 1,055,985 1,552322 980,520 762,007 3,174,213 2,856,788 2,636,788 3,107,677 726,777 2,449,261 2,457,261 265,000 5,833,705 12,106,763 9,421,610 20,138,562 221,195 2,730,730 330,000 6,353,491 ENTERPRISE FUNDS Water and Sewer Fund Parking System Revenue Fund Totals 7,439,884 8,238,513 7,870,898 8,723,797 387,892 516,518 516,320 242,472 7,827,776 8,755,031 8,387,218 8,966,269 8,660,026 265,371 8,925,397 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Risk Management Fund Totals 1,042,527 1,168,979 1,152,988 1,144,297 743,128 1,427,957 1,348,026 1,464,571 36,255 106,725 106,913 211,250 3~15,367 4,208,832 4,162,188 4,643,096 5,737,277 6}912393 6~770,115 7363,214 1,227,908 1,093,100 174,500 5,277~85 7,772,993 VILLAGE OF MOUNT PROSPECT 2003 BUDGET SUMMARY EXPENDITURES BY FUND 2001 2002 2002 2003 2004 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund 1,728,981 1,979,010 1,906,088 2,071,900 2,140,020 Fire Pension Fund 1,73 ~,947 1,921,800 1,869,627 1,988,650 2,044,295 Benefit Trust #2 Fund 35,522 36,330 36,330 13,118 Totals 3,496,450 3,937,140 3.812.045 4,073,668 4.184.315 I TOT~.L EXPENDITURES - VILLAGE'FUNDS 60,S83:.609 79,974,612 76.369,724 82,269,028 70,789,906 MOUNT PROSPECT LIBRARY BUDGET 4.055.191 5,382,877 5.382,877 26,171,713 (a) (a) Figures not available as of December 17, 2002. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2003 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2003 2003 Estimated II Budget Balance . ' BalanCe Expenditures 12/31/03 Estimated 2003 Balance Budget 12/31/02 Revenues IGENERAl. FUND SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Community Development Block Gnat Local Law Enf. Block Grant Asset Seizure Fund DEA Shared Funds Fund DUI Fine Fund TOTAL 2,120,193 3,280,673 3,307,863 2.093,003. 835925 1,373,652 1,641,250 1,886,033 1.I28,869 :.:. 47~/730 512,951 512,951 ' . :- :.i 243 12,173 12.173 243 ' 'f - 21,630 7,200 8.850 19,980 53,086 12,000 5,225 59,861 ~ ::i;:i:: ::,: 10,198 6,050 12,000 4,248 '.':i . ' - 3,579,002 5,472,297 5,745,095 3,306,204 .:' ] 313 655 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes G.O. Bonds - Tax Increment G.O. Bonds - Home Rule Sales Tax I G.O. Bonds - Home Rule Sales Tax 2 Special Service Area Bonds TOTAL 336,626 1,952,515 2,056,053 233,088 354,297 874,833 780,585 448,545 408,334 1,299,161 1,487,540 219,955 412,005 1,303,674 1,496,839 218,840 18,928 33,531 37,775 14,684 1,530,190 5,463,714 5,858,792 1,135,112 CAPITAL PROJECTS FUNDS Capital Improvement Fund Series 2001 Project Fund Series 2003 Project Fund Downtown Redevelop Const Fund Street Improvement Const Fund Flood Control Const Fund TOTAL 1,907,087 555,500 714,905 4,124,644 20,366 4,145,010 12,355,102 11,143,963 100,584 259,600 762,007 2,37t,023 1,820,765 3,107,677 1,336,794 20,000 265,000 9,840,132 15,031,333 20,138,562 1,747,682 1,211,139 1,084,111 1,091,794 4,732,903 507,645 ENTERPRISE FUNDS Water and Sewer Fund (a) Parking System Revenue Fund (a) TOTAL 3,555,944 8,212,925 8,723,797 560,917 189,200 242,472 4,116,861 8,402,125 8,966,269 VILLAGE OF MOUNT PROSPECT 2003 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2003 Expenditures 12/31/03 "~ 12/3i/03~ ]] Estimated 2003 Balance Budget 12/31/02 Revenues INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund (a) Computer Replacement Fund (a) Risk Management Fund TOTAL 345,850 1,144,297 1,144,297 345,850 ,~ 30~970 6,355,410 1,027,561 1.464,571 5,918,400 i.[' $,918,400 517,743 227.476 211,250 533,969 533;970 1,284,653 4,529,130 4,643,096 1,170,687 ,.!i i ~ 3'19;370 8,503,656 6,928,464 7,463.214 7,968,906 'i. 9 078 710 PENSION FUNDS Police Pension Fund 31,647,674 3,108,033 2,071,900 32,683,807 Benefit Trust #2 Fund 13,018 100 13,118 - TOTAL 65,166,447 6,380,274 4,073,668 671473}053 Totals- Village Funds 102,324,674 76 899 612 82 269 028 96 955 258 :' Less: Pension Funds (b) (65,166,447) (6,380,274) (4,073,668) (67.473.053) I::I :: :': :: :~;~iii, n~V,':~ :::':: ,:::.': ~ :37a ?770 Si~ ~. :::.::: '¢~ :lbS3.6~ ~i3~i'O . ::,: .. :. ::~. ::: ?:':.'~::: :':::::::,:::::, [ (a) Co) (e) Estimated balances reflect cash and investment balance, nOt fund equity. Pension Funds are restxicted for furore pension benefits and do not constitute "Available Fund Balances." Not available December 17, 2002.