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Home My WebLink AboutOrd 6046 12/18/2012 Adoptong an Annual Budget for Fiscal Year 2013ORDINANCE NO. 6046 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 18th day of December, 2012 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 19th day of December, 2012. ORDINANCE NO. 6046 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2013 AND ENDING DECEMBER 31, 2013 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE WHEREAS, the President and Board of Trustees of the Village of Mount Prospect in accordance with State Statutes, have provided for the preparation and adoption of an Annual Budget in lieu of passage of an Appropriation Ordinance; and WHEREAS, the tentative Annual Budget for the Village of Mount Prospect for the fiscal year beginning January 1, 2013 and ending December 31, 2013, 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 12, 2012 for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 7, 2012, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 18, 2012, 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, 2013 and ending December 31, 2013, 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, 2013 and ending December 31, 2013, duly certified by the Chief Fiscal Office SECTION THREE This Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form in the manner provided by law. AYES: Hoefert, Juracek, Korn, Polit, Zadel NAYS: None ABSENT: Matuszak PASSED AND APPROVED this 18th day of December, 2012. RESOLUTION NO. 2012 A RESOLUTION APPROVING AND CERTIFYING THE 2013 BUDGET AND 2012 TAX LEVY DETERMINATION WHEREAS, heretofore the Board of Trustees of the Mount Prospect Public Library, Mount Prospect, Illinois, at open and public meetings have considered the financing requirements of the Mount Prospect Library for the year commencing January 1, 2013; and WHEREAS, the Board of Trustees of the Mount Prospect Public Library has determined the financial requirements of the Mount Prospect Public Library for the ensuing year and has caused to be made, a statement thereof, a copy of which is attached hereto and marked "Exhibit A," for inclusion in the 2013 budget of the Village of Mount Prospect; and WHEREAS, the Board of Trustees of the Mount Prospect Public Library has further determined the amount of money which in its judgment, it will be necessary to levy for library purposes in the 2012 tax levy ordinance to be adopted by the President and Board of Trustees of the Village of Mount Prospect; WHEREAS, expenditures from the LIBRARY FUND shall be under the direction of the Board of Trustees of the Mount Prospect Public Library. WHEREAS, that the amount of money hereby determined by the Board of Trustees of the Mount Prospect Public Library to be necessary for library purposes and to be included in the 2012 Tax Levy Ordinance of the Village of Mount Prospect (taking into consideration other income from accumulations from the prior year, anticipated tax shrinkage, fines, non - resident fees, and maintenance, repairs, and alterations of library buildings and equipment) and for the collection and deposit to the LIBRARY FUND, which includes funds for the Illinois Municipal Retirement Fund pursuant to Section 5/7 -171, Chapter 40 of the Illinois Compiled Statutes; and for the maintenance repairs, and alterations of the library buildings and equipment, pursuant to Section 5/3-4 of Chapter 75 of the Illinois Compiled Statutes; and for insurance and audit fees pursuant to Section 5/4 -14 of Chapter 75 of the Illinois Compiled Statutes. WHEREAS, in accordance with Chapter 75, Section 5/3 -5 of the Illinois Compiled Statutes it is requested that the amount so determined be levied and collected in like manner with the other general taxes of the Village of Mount Prospect and that such taxes be paid directly by the County Collector to the Library fund. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE MOUNT PROSPECT PUBLIC LIBRARY, VILLAGE OF MOUNT PROSPECT: SECTION ONE: That the financial requirements for library purposes of the Mount Prospect Public Library require the budget for the year commencing January 1, 2013, and ending December 31, 2013, the sum of $10,139,456 such to be included within the 2013 Budget of the Village of Mount Prospect, Illinois. SECTION TWO: That the amount of money hereby determined by the Board of Trustees of the Mount Prospect Public Library to be necessary for library purposes and to be included in the 2012 tax levy and to be levied and collected in like manner with the other general taxes of the Village of Mount Prospect and that such taxes to be paid directly by the County Collector to the Library Fund: $9,927,207. Expenditures from the Library Fund shall be under the direction of the Board of Trustees of the Mount Prospect Public Library. SECTION THREE: That the Secretary of the Board of Trustees of the Mount Prospect Public Library file a copy of this Resolution, with the Village Clerk of the Village of Mount Prospect, for transmittal to the President and Board of Trustees of the Village of Mount Prospect. SECTION FOUR: That if any part or parts of this Resolution shall be held to be unconstitutional, such unconstitutionality shall not affect the validity of the remaining parts of this Resolution. The Board of Trustees of the Mount Prospect Public Library hereby declares that it would have passed the remaining parts of this Resolution if it had known that such part or parts thereof would be declared unconstitutional. SECTION FIVE: That this Resolution shall be in full force and effect as of October 18, 2012. Resolution No. 2012 - Page 1 of 2 AYES: Barbara Burns, Dale Draznin, Jane Everett, Brian Gilligan, Sylvia Haas, Dick Tani, John Zulaski NAYS: None ABSENT: None PASSED THIS 18th day of October, 2012. The undersigned, President of the Board of Trustees of the Mount Prospect Public Library, Village of Mount Prospect, Illinois, does certify that the foregoing Resolution was duly adopted by the vote specified at a legally convened meeting of the Board of Trustees of the Mount Prospect Public Library held at the Mount Prospect Public Library building on the 18th day of October, 2012. (Jane W. Everett, President Resolution No. 2012 - Page 2 of 2 MOUNT PROSPECT PUBLIC LIBRARY EXHIBIT A 2013 Budget and 2012 Tax Levy 2013 Budget 2012 Tax Levy Fund Amount Reauest LIBRARY GENERAI. FUND Salaries & Benefits 4110 Salaries 5,061,629 $ 4,992,379 4120 1 M R F .Pension 524,645 514,358 4130 FICA & M/C 386,021 378,452 4140 .Medical Insurance 614,500 602,451 4150 Unemployment Comp 12,000 11,765 Totals 6,598,795 $ 6,499,405 Management Expense 4210 Audit 4,300 $ 4,216 4220 Legal Fees 40,000 39,216 4230 Printing 32,000 31,373 4240 Marketing 62,611 62,168 4250 Resources 15,999 15,236 4260 Professional Dues 6,829 6,695 4270 Board 4,000 3,922 4280 Human Resources 66,890 65,568 4290 Other Operating Expense 9.800 9,608 Totals 242,429 $ 238,002 Operating Expenses 4310 Telecommunications 45,345 $ 44,456 4320 Insurance 79,500 77,941 4340 Office Supplies 27,000 26,471 4350 Library Supplies 20,000 19,608 4360 Postage 18,600 18,235 4380 Contract Services 25,092 24,600 4390 Computer Services 49,402 48,433 Totals 264,939 $ 259,744 Building Maintenance Costs 4410 Building Maintenance 91,289 $ 89,499 4420 Equipment Maintenance 93,182 91,355 4430 Equipment Rental 24,638 24,155 4440 Janitorial 52,776 51,741 4450 Equipment 125,800 123,333 4460 Utilities 57,089 55,970 Totals 444.774 $ 436,053 Library Services 4610 Adult Print 229,750 $ 225,245 4620 Adult AV 79,450 77,892 4630 Youth Print 140,400 137,647 4640 Youth AV 42,600 41,765 4650 Subscriptions 20,400 20,000 4660 Electronic Resources 148,137 $ 144,930 (Continued On the Next Page) Resolution No. 2012 - Exhibit A - Paee 1 of 2 MOUNT PROSPECT PUBLIC LIBRARY 2013 Budget and 2012 Tax Levy EXHIBIT A 2013 Budget 2012 Tax Levy Fund Amount Request LIBRARY GENERAL FUND (Continued) Library Services (Continued) 4661 Electronic Media 4662 Electronic Services 4670 Microform 4680 Processing Supplies 4690 Programs Totals GENERAL FUND TOTALS BUILDING & EQUIPMENT FUND 7705 Equipment & Building 7730 Other Building Projects 7735 Trans to Library Operating BUILDING FUND TOTALS TOTAL GENERAL FUND & BUILDING FUND 16,718 16,390 23,337 22,879 10,500 10,294 42,000 41,176 40,400 38,900 793,692 $ 777,118 8,344,630 $ 8,210,322 111,700 $ 109,510 38,300 37,549 0 - 0 - 150,000 $ 147,059 8,494,630 $ 8,357,381 DEBT SERVICE FUND 3701 - Interest Payments 3711 Principal Payments DEBT SERVICE FUND TOTALS GIFT FUND 8740 Library Special Projects 8990 Contingencies GIFT FUND TOTALS ALL FUNDS - TOTALS 454,826 454,826 1,115,000 1,115,000 n 1,569,826 $ 1,569,826 50,000 $ - 25,000 - 75,000 $ - 10,139,456 $ 9,927,207 2012 TAX LEVY SUMMARY Levy Total Request 2% Loss Tax Levy Library Fund Levy (General Fund & Building Fund) 8,357,381 $ 167,1.48 $ 8,524,529 Library Bonds & Interest Levy 1,569,826 $ 31,397 1,601,223 TOTAL LIBRARY TAX LEVY 9,927,207 $ 198,545 $ 10,125,752 Resolution No. 2012 - Exhibit A - Page 2 of 2 VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY TOTAL VILLAGE BUDGET 2011 2012 2012 2013 2014 Actual Budget Estimate Budget Forecast REVENUES AND OTHER SOURCES Property Taxes 19,622,916 19,882,500 19,877,112 20,653,068 21,404,774 Other Taxes 11,813,090 12,828,800 12,693,100 12,784,000 13,189,000 Licenses, Permits & Fees 2,670,733 2,751,000 2,739,000 2,720,000 2,595,000 Intergovernmental Revenue 19,020,799 19,258,627 19,159,319 19,658,091 20,070,189 Charges for Services 20,640,059 22,289,597 22,147,995 24,246,914 25,337,091 Fines & Forfeits 749,999 587,000 647,000 686,750 686,750 Investment Income 1,464,065 5,202,600 3,276,500 4,578,500 4,762,500 Reimbursements 231,000 253,500 250,021 305,000 308,000 Other Revenue 8,065,323 7,990,742 7,892,012 9,060,268 9,376,374 Other Financing Sources 5,304,570 988,000 50,000 50,000 50,000 Village Revenues & Other Sources 89,582,554 92,032,366 88,732,059 94,742,591 97,779,678 Mount Prospect Library Revenues 14,125,745 9,926,514 9,926,514 10,139,456 (a) Total Revenues & Other Sources 103,708,299 101,958,880 98,658,573 104,882,047 97,779,678 BUDGET EXPENDITURES Village Operating Budget 54,874,543 57,317,333 57,315,218 60,198,648 62,394,994 Village Capital Budget 10,649,704 14,458,626 12,578,251 12,248,178 20,115,007 Debt Services Budget 7,574,747 2,409,795 2,409,798 2,405,477 2,245,581 Pension Systems Budget 7,454,216 7,635,544 7,584,893 7,988,558 8,174,891 Internal Services Budget (b) 9,297,182 9,059,848 9,108,511 9,804,666 10,277,105 Business District Fund - 414,587 414,587 .496,521 671,000 Village Expenditures 89,850,392 91,295,733 89,411,258 93,142,048 103,878,578 Mount Prospect Library Expenditures 13,470,776 9,926,514 9,926,514 10,139,456 (a) Total Expenditures 103,321,168 101,222,247 99,337,772 103,281,504 103,878,578 CHANGES IN FUND BALANCE Excess (Deficiency) of Revenues & Other Sources Over Expenditures (c) Fund Balance Start of Budget Year End of Budget Year Less: Pension Fund Balances (d) Mt Prospect Library Fund Balance Available Fund Balance 387,131 736,633 (679,199) 1,600,543 (6,098,900)1 125, 329,555 125,716, 686 125,716,686 125,037,487 126,638,030 125,716,686 126,453,319 125,037,487 126, 638,030 120,539,130 (88,642,124) (92,291,885) (90,469,448) (93,405,009) (96,708,489) (5,381,931) (5,381,931) (5,381,931) (5,381,931) (5,381,931) 31, 692, 631 28, 779, 503 27,851,090 18,448, (a) Not available as of December 18, 2012. (b) Internal Service Budget includes Vehicle Maintenance Fund and Risk Management Fund. The Motor Equipment Replacement Fund and Computer Replacement Funds are included in the Village Capital Budget. (c) Does not include the results of operation of the Mount Prospect Library for the 2014 Forecast. (d) Pension Fund Balances are reserved for pension benefits and not available for appropriation. VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2011 2012 2012 2013 2014 Actual Budget Estimate Budget Forecast VILLAGE REVENUES BY TYPE: Property Taxes Other Taxes Licenses, Permits & Fees Intergovernmental Revenue Charges For Services Fines & Forfeits Investment Income Reimbursements Other Revenue 19,622,916 19,882,500 19,877,112 20,653,068 21,404,774 11,813,090 12,828,800 12, 693,100 12,784,000 13,189,000 2,670,733 2,751,000 2,739,000 2,720,000 2,595,000 19, 020, 799 19, 258, 627 19,159,319 19,658,091 20,070,189 20,640,059 22,289,597 22,147,995 24,246,914 25,337,091 749,999 587,000 647,000 686,750 686,750 1,464,065 5,202,600 3,276,500 4,578,500 4,762,500 231,000 253,500 250,021 305,000 308,000 8,065,323 7,990,742 7,892,012 9,060,268 9,376,374 84,277,984 91,044,366 88,682,059 94,692,591 97,729,678 OTHER FINANCING SOURCES Other Financing Sources 5,304,570 988,000 50,000 50,000 50,000 5,304,570 988,000 50,000 50,000 50,000 TOTAL VILLAGE REVENUES AND OTHER 89,582,554 92,032,366 88,732,059 94,742,591 97,779,678 SOURCES IMOUNT PROSPECT LIBRARY REVENUES 14,125,745 9,926,514 9,926,514 10,139,456 (a) TOTAL REVENUES AND OTHER SOURCES 103,708,299 101,958,880 98,658,573 104,882,047 97,779,678 VILLAGE AND LIBRARY (b) CHANGES IN FUND BALANCE Total Revenues & Other Sources 103,708,299 101,958,880 98,658,573 104,882,047 97,779,678 Total Expenditures 103,321,168 101,222,247 99,337,772 103,281,504 103,878,578 Additions to(Use of) Fund Balances 387,131 736,633 (679,199) 1,600,543 (6,098,900) ANALYSIS OF CHANGES IN FUND BALANCE Additions to (Use of) Pension Fund 240,837 3,649,761 1,827,324 2,935,561 3,303,480 Balances Additions to (Use of) Other Fund Balances 146,294 (2,913,128) (2,506,523) (1,335,018) (9,402,380) 387,131 736,633 (679,199) 1,600,543 (6,098,900) (a) Figures not available as of December 18, 2012. (b) Does not include the Mount Prospect Public Library 2014 Forecast. VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY BUDGET EXPENDITURES 2011 2012 2012 2013 2014 Actual Budget Estimate Budget Forecast VILLAGE OPERATING BUDGET PUBLIC REPRESENTATION 454,867 528,525 554,113 556,686 562,949 VILLAGE ADMINISTRATION 2,939,727 2,801,543 2,772,157 2,849,840 2,926,852 FINANCE DEPARTMENT 1,561,763 1,517,029 1,497,184 1,733,417 1,779,013 COMMUNITY DEVELOPMENT Community Development Department 2,110,344 2,166,082 2,203,161 2,234,275 2,297,873 CDBG 354,577 502,750 406,111 290,203 296,331 2,464,921 2,668,832 2,609,272 2,524,478 2,594,204 HUMAN SERVICES DEPARTMENT 981,385 1,119,094 1,092,320 1,062,725 1,0! PUBLIC SAFETY AND PROTECTION Police Department 14,691,051 15,429,753 15,339,668 15,868,202 16,389,222 Fire Department 11,452,139 11,970,653 11,858,054 12,605,442 13,018,037 26,143,190 27,400,406 27,197,722 28,473,644 29,407,259 PUBLIC WORKS DEPARTMENT Administration 1,190,702 1,290,014 1,294,746 1,482,775 1,499,186 Streets /Buildings 2,315,457 2,554,360 2,485,388 2,653,909 2,783,680 Forestry and Grounds 1,681,249 1,893,237 1,962,677 1,789,742 1,811,152 Engineering 1,294,164 1,378,733 1,394,818 1,450,900 1,490,532 Refuse Disposal 4,149,304 4,418,203 4,406,172 4,474,769 4,643,274 Water and Sewer Division 8,821,513 9,260,802 9,689,914 10,604,161 11,469,066 I Parking 327,224 480,050 358,735 541,602 334,544 19,779,613 21,275,399 21,592,450 22,997,858 24,031,434 EMERGENCY EVENTS 549,077 6,505 - TOTAL OPERATING BUDGET 54,874,543 57,317,333 57,315,218 60,198,648 62,394,994 VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY BUDGET EXPENDITURES 2011 2012 2012 2013 2014 Actual Budget Estimate Budget Forecast VILLAGE CAPITAL BUDGET Capital Improvement Plan 5,205,038 10,011,836 8,240,051 8,444,297 15,041,025 Other Capital Fund Expenditures 5,444,666 4,446,790 4,338,200 3,803,881 5,073,982 10,649,704 14,458,626 12,578,251 12,248,178 20,115,007 DEBT SERVICE BUDGET 7,574,747 2,409,795 2,409,798 2,405,477 2,245,581 PENSION SYSTEMS BUDGET Miscellaneous Pensions 45,861 46,005 46,005 46,151 46,297 Police Pensions 3,741,549 3,794,470 3,770,428 3,993,416 4,085,351 Fire Pensions 3,666,806 3,795,069 3,768,460 3,948,991 4,043,243 7,454,216 7,635,544 7,584,893 7,988,558 8,174,891 VILLAGE INTERNAL SERVICES BUDGET Vehicle Maintenance 1,952,872 2,115,393 2,078,918 2,153,304 2,210,114 Risk Management 7,344,310 6,944,455 7,029,593 7,651,362 8,066,991 9,297,182 9,059,848 9,108,511 9,804,666 10,277,105 BUSINESS DISTRICT FUND - 414,587 414,587 496,521 671,000 TOTAL VILLAGE EXPENDITURES 89,850,392 91,295,733 89,411,258 93,142,048 103,878,57$ [ MOUNT PROSPECT LIBRARY BUDGET 13,470,776 9,926,514 9,926,514 10,139,456 (a) TOTAL - BUDGET EXPENDITURES (b) 103,321,168 101,222,247 99,337,772 103,281,504 103,878,578 (a) Figures not available as of December 18, 2012. (b) Does not include the Mount Prospect Public Library 2014 Forecast. L9 VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2011 2012 2012 2013 2014 Actual Budget Estimate Budget Forecast GENERAL FUND 41,172,986 42,435,544 42,381,362 44,321,998 45,633,574 IDEBT SERVICE FUND 7,784,962 2,410,212 2,407,612 2,406,614 2,253,6711 CAPITAL PROJECT FUNDS Capital Improvement Fund Series 2009 Construction Fund Downtown Redevelopment Construct Street Improvement Construc Fund Flood Control Construction Fund 1,472,475 2,068,000 1,141,500 1,140,500 1,205,500 27,165 - - - - 2,821,541 2,605,000 2,606,000 2,682,000 2,761,000 1,562,574 1,555,500 1,525,100 1,550,500 1,620,500 534,482 665,646 665,667 685,644 918,187 6,418,237 6,894,146 5,938,267 6,058,644 6,505,187 SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Cmmty Development Block Grant Asset Seizure Fund DEA Shared Funds Fund DUi Fine Fund Foreign Fire Tax Board Fund Justice Assistance Grant Fund Business District Fund 4,033,821 4,469,150 4,398,700 4,458,500 4,530,500 1,660,794 1,711,000 1,702,500 1,705,100 1,460,100 415,132 502,750 406,111 290,203 296,331 4,261 3,500 3,000 3,100 3,100 35 3,000 100 1,100 1,100 21,887 9,500 18,000 20,100 20,100 62,745 55,500 55,000 55,000 55,000 10,203 - - 77,195 630,800 630,800 671,000 689,000 6,286,073 7,385,200 7,214,211 7,204,103 7,055,231 ENTERPRISE FUNDS Water and Sewer Fund Village Parking System Fund Parking System Revenue Fund 10, 683,253 11,627,000 11,538,800 12,220,000 12,839,000 156,611 157,100 157,300 126,100 126,100 170,007 163,500 167,000 200,500 200,500 11,009,871 11,947,600 11, 863,100 12,546,600 13,165,600 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Fund Risk Management Fund 1,903,537 2,011,205 2,010,205 2,193,313 2,210,114 751,830 1,267,800 1,252,300 1,462, 850 1,462,850 267,714 1,000 500 1,000 1,000 6,338,152 6,440,359 6, 298,290 7,669,501 8,060,377 9,261,233 9,720,364 9,5 61,295 11,326,664 11,734,341 VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2011 2012 2012 2013 2014 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund 3,978,388 5,867,000 4,867,586 5,690,721 5,970,832 Fire Pension Fund 3,670,804 5,372,300 4,498,626 5,187,247 5,461,242 7,649,192 11,239,300 9,366,212 10,877,968 11,432,074 TOTAL REVENUES & OTHER SOURCES - 89,582,554 92,032,366 88,732,059 94,742,591 97,779,678 VILLAGE FUNDS MOUNT PROSPECT LIBRARY FUND 14,125,745 9,926,514 9,926,514 10,139,456 (a) TOTAL REVENUES & OTHER SOURCES - 103,708,299 101,958,880 98,658,573 104,882,047 97,779,678 VILLAGE & LIBRARY FUNDS (b) (a) Figures not available as of December 18, 2012. (b) Does not include the Mount Prospect Public Library 2014 Forecast. VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY EXPENDITURES BY FUND 2D11 2012 2012 2013 2014 Actual Budget Estimate Budget Forecast GENERAL FUND 40,786,102 42,216,149 42,087,707 44,321,998 45,957,474 DEBT SERVICE FUND 7,574,747 2,409,795 2,409,798 2,405,477 2,245,581 CAPITAL PROJECT FUNDS Capital Improvement Fund Series 2009 Construction Fund Downtown Redevelopment Construct Street Improvement Construc Fund Flood Control Construction Fund 839,523 2,759,399 1,677,742 1,674,747 4,249,986 148,139 - - - - 4,343,358 2,781,300 2,792,860 3,292,521 3,176,502 2,001,296 1,788,239 1,655,339 1,495,500 2,693,100 57,241 730,710 228,000 757,150 482,190 7,389,557 8,059,648 6,353,941 7,219,918 10,601,778 SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Cmmty Development Block Grant Asset Seizure Fund DEA Shared Funds Fund DUI Fine Fund Foreign Fire Tax Board Fund Justice Assistance Grant Fund Business District Fund 4,149,304 4,418,203 4,406,172 4,474,769 4,653,274 1,094,105 1,597,463 1,527,854 1,764,366 2,021,351 415,132 502,750 406,111 290,203 296,331 10,466 17,008 15,500 17,500 17,500 11,875 3,000 1,100 5,000 1,000 19,057 15,925 10,000 11,000 11,000 7,849 28,500 8,170 28,500 28,500 - 13,599 10,203 - 414,587 414,587 496,521 671,000 5,707,788 7,011,035 6,799,697 7,087,859 7,699,956 ENTERPRISE FUNDS Water and Sewer Fund Village Parking System Fund Parking System Revenue Fund 10,444, 248 12,836,158 13,235,270 12,842,921 16,388,816 114,406 254,402 182,507 296,350 185,391 212,818 275,648 226,228 295,252 199,153 10,771,472 13,366,208 13,644,005 13,434,523 16,773,360 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Fund Risk Management Fund 1,952,872 2,115,393 2,078,918 2,153,304 2,210,114 855,193 1,338,111 1,229, 611 664,000 1,940,500 51,404 233,900 233,900 246,200 239,230 7,352,902 6,955,955 7,034,793 7,666,362 8,081,991 10, 212,371 10,643,359 10,577,222 10,729,866 12,471,835 VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY EXPENDITURES BY FUND 2011 2012 2012 2013 2014 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund 3,741,549 3,794,470 3,770,428 3,993,416 4,085,351 Fire Pension Fund 3,666,806 3,795,069 3,768,460 3,948,991 4,043,243 7,408,355 7,589,539 7,538,888 7,942,407 8,128,594 TOTAL EXPENDITURES - VILLAGE FUNDS 89,850,392 91,295,733 89,411,258 93,142,048 103,878,578 MOUNT PROSPECT LIBRARY FUND 13,470,776 9,926,514 9,926,514 10,139,456 (a) TOTAL EXPENDITURES - VILLAGE AND LIBRARY FUNDS (b) 103,321,168 101,222,247 99,337,772 103,281,504 143,878,578 (a) Figures not available as of December 18, 2012. (b) Does not include the Mount Prospect Public Library 2014 Forecast. VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY AVAILABLE FUND BALANCES /NET ASSETS 12 -31 -2013 Estimated 2013 2013 Estimated Recommended Balance Budget Budget Balance Balance 1/1/2013 Revenues Expenditures 12/31/2013 12/31/2013 CAPITAL PROJECT FUNDS GENERAL FUND 10,997,937 44,321,998 44,321,998 10,997,937 9,191,495 Series 2009 Construction Fund 36,858 - 1,764,366 36,858 - Downtown Redevelopment Construct 1,108,028 2,682,000 3,292,521 497,507 67,350 DEBT SERVICE FUND 128,377 2,406,614 2,405,477 129,514 632,150 Flood Control Construction Fund 788,888 685,644 757,150 717,382 267,500 CAPITAL PROJECT FUNDS Capital Improvement Fund 1,345,705 1,140,500 1,674,747 811,458 482,745 Series 2009 Construction Fund 36,858 - 1,764,366 36,858 - Downtown Redevelopment Construct 1,108,028 2,682,000 3,292,521 497,507 67,350 Street Improvement Construc Fund (135,168) 1,550,500 1,495,500 (80,168) 626,200 Flood Control Construction Fund 788,888 685,644 757,150 717,382 267,500 DUI Fine Fund 3,144,311 6,058,644 7,219,918 1,983,037 1,443,795 SPECIAL REVENUE FUNDS Refuse Disposal Fund 1,993,422 4,458,500 4,474,769 1,977,153 465,327 Motor Fuel Tax Fund 511,040 1,705,100 1,764,366 451,774 202,135 Cmmty Development Block Grant - 290,203 290,203 - Asset Seizure Fund 41,500 3,100 17,500 27,100 27,100 DEA Shared Funds Fund 3,909 1,100 5,000 9 9 DUI Fine Fund 52,132 20,100 11,000 61,232 61,232 Foreign Fire Tax Board Fund 217,443 55,000 28,500 243,943 243,943 Business District Fund 293,408 671,000 496,521 467,887 467,887 3,112,854 7,204,103 7,087,859 3,229,098 1,467,633 ENTERPRISE FUNDS (a) Water and Sewer Fund 3,351,884 12,220,000 12,842,921 2,728,963 1,915,334 Village Parking System Fund 295,244 126,100 296,350 124,994 22,610 Parking System Revenue Fund (260,047) 200,500 295,252 (354,799) 33,259 Risk Management Fund 3,387,081 12,546,600 13,434,523 2,499,158 1,971,203 INTERNAL SERVICE FUNDS (a) Vehicle Maintenance Fund 438,268 2,193,313 2,153,304 478,277 478,277 Vehicle Replacement Fund 6,162,844 1,462,850 664,000 6,961,694 6,961,694 Computer Replacement Fund 625,141 1,000 246,200 379,941 379,941 Risk Management Fund 1,189,295 7,669,501 7,666,362 1,192,434 1,713,795 8,415,548 11,326,664 10,729,866 9,012,346 9,533,707 (a) Estimated balances reflect unrestricted net assets only. VILLAGE OF MOUNT PROSPECT 2013 BUDGET SUMMARY AVAILABLE FUND BALANCES /NET ASSETS 12 -31 -2013 Estimated 2013 2013 Estimated Recommended Balance Budget Budget Balance Balance 1/1/2013 Revenues Expenditures 12/31/2013 12/31/2013 FIDUCIARY FUNDS (b) Police Pension Fund 45,874,305 5,690,721 3,993,416 47,571,610 84,199,556 Fire Pension Fund 44,595,143 5,187,247 3,948,991 45,833,399 76,710,720 90,469,448 10,877,968 7,942,407 93,405,009 160,910,276 TOTAL - VILLAGE FUNDS 119,655,556 94,742,591 93,142,048 121,256,099 185,150,259 Less: Fiduciary Funds (b) (90,469,448) (10,877,968) (7,942,407) (93,405,009) (160,910,276) TOTAL AVAILABLE BALANCES VILLAGE 29,186,108 83,864,623 85,199,641 27,851,090 24,239,983 FUNDS MOUNT PROSPECT LIBRARY FUND 5,381,931 10,139,456 10,139,456 5,381,931 5,381,931 TOTAL AVAILABLE BALANCES VILLAGE & 34,568,039 94,004,079 95,339,097 33,233,021 29,621,914 LIBRARY FUNDS 11 1 (b) Fiduciary Funds are restricted for future pension benefits and do not constitute "Available Fund Balances." Published in the ietd :rn ttte V11Iage E h . " " ° "' CERTIFICATE OF PUBLICATION Street , 1 may k be eX- illage Mor in the c Paddock Publication Inc. Wueen The hour s•of sons aaill begl comments 01 year beginning 2013. Following is id t"".. D& Iffatd 544.321,998 2 ao ;� Corporation organized and existing under and by virtue of the laws of 7 918 13,434523 the State of Illinois, DOES HEREBY CERTIFY that it is the publisher 10,729,8,6 74942;407 of the DAILY HERALD. That said DAILY HERALD is a secular $93,142 339i456 $103,281,504 newspaper and has been circulated daily in the Villa e of g ( s ) Algonquin, Algonquin Antioch Arlington Heights Aurora Barrington 7,, 20,2. 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Wauconda, Wheeling West Dundee Wildwood Sugar Grove North Aurora County(ies) of Cook, Kane, Lake, McHenry and State of Illinois, continuously for more than one year prior to the date of the first publication of the notice hereinafter referred to and is of general circulation throughout said Village(s), County(ies) and State. I further certify that the DAILY HERALD is a newspaper as defined in "an Act to revise the law in relation to notices" as amended in 1992 Illinois Compiled Statutes, Chapter 7150, Act 5, Section 1 and 5. That a notice of which the annexed printed slip is a true copy, was published December 7, 2012 in said DAILY HERALD. IN WITNESS WHEREOF, the undersigned, the said PADDOCK PUBLICATIONS, Inc., has caused this certificate to be signed by, this authorized agent, at Arlington Heights, Illinois. PADDOCK PUBLICATIONS, INC. DAILY HERALD NEWSPAPERS BY Authorized Agent Control # 4323777