HomeMy WebLinkAboutTab 1: 2012 Year-End ResultsVillage of Mount Prospect, Illinois
General Fund - Revenues and Expenditures
2012 End -of -Year Results
(a)
Revenues:
Property Taxes
Sales Taxes - ROT Portion
Sales Taxes - HMR Portion
Food and Beverage Tax
Real Estate Transfer Tax
Telecommunications Tax
Other Utility Taxes
Other Taxes
Vehicle Licenses
Other Licenses, Permits, Fees
State Income Tax
Other Intergovernmental
Charges for Services
Fines and Forfeits
Investment Income
Other Revenue
Total Revenues
Expenditures
Public Representation
Village Manager's Office
Television Services Division
Village Clerk's Office
Finance Department
Community Development Dept.
Human Services Dept.
Police Department
Fire Department
Public Works Department
Emergency Events
Miscellaneous
Total Expenditures
Excess of Revenues over Expend.
Other Financing Sources /Uses
Transfers In
Transfers Out
Total Other Financing Uses
Excess of Revenues over Expend.
and Other Financing Uses:
2011
Actual
11,750,522
10,614,601
1,195,178
867,630
363,194
2,875,668
1,749,010
112,572
1,376,506
1,861,724
4,328,196
1,592,714
1,486,223
559,173
23,066
417,007
41,172,984
454,868
2,645,350
149,954
144,417
1,561,764
2,109,428
981,386
14,649,653
11,444,291
6,050,055
549,077
45,862
40, 786,105
386.879
8
no
(b)
2012
Amended
Budget
12,291,500
11,047,000
1,215,000
695,000
516,000
3,230,000
1,802,000
192,000
1,405,000
2,160,000
4,590,000
1,441,619
1,508,125
757,000
25,000
437,300
43,312,544
528,525
2,777,240
169,485
153,718
1,531,029
2,165,082
1,129,094
15,397,424
11,972,153
6,708,889
6,505
46,005
42,585,149
727,395
0
0
0
(c) (d)
Budget
Variance -
2012 Favorable
Actual (Unfavorable) Notes
12,184,094
11,040,403
1,212,506
710,328
515,330
3,034,829
1,623,436
205,537
1,383,836
2,143,263
4,759,513
1,386,713
1,539,503
410,371
29,927
438,133
42,617,723
509,625
2,799,917
158,051
148,893
1,505,297
2,064,816
1,086,049
15,286,395
11,946,075
6,302,933
4,213
46,004
41,858,267
759,456
0
(107,406)
(6,597)
(2,494)
15,328
(670)
(195,171)
(178,564)
13,537
(21,165)
(16,737)
169,513
(54,906)
31,378
(346,629)
4,927
833
(694,821)
A
B
C
Al
18,900
(22,677)
11,435
4,825
25,732
100,266
43,045
111,029
26,078
405,956
2,292
1
726,882
E
386,879 727,395 759,456
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2012 End of Year Summary - GF.xlsx
Village of Mount Prospect, Illinois
General Fund - Revenues and Expenditures
2012 End -of -Year Results
Notes
A The original budget for this revenue item was amended upwards by $705,000. While monthly receipts
were tracking ahead of the prior year, a slowing at year -end resulted in the shortfall from the revised
amount. Year -end revenue was $509,829 over the original budget amount.
B Revenue from Other Utility Taxes (Gas and Electric) fell short, primarily due to lower gas usage from a
milder than expected winter. A slight premium was added to the projection for Electric utility taxes to
account for the extremely warm summer to -date.
C A decline in the Circuit Court fines, Parking fines and an adjustment to the Forfeited Escrow Funds
accounts is responsible for the variance in this category of revenue.
D Total revenues for 2012 were off $694,821 or 1.6% from the amended budget amount. Excluding the
shortfall in Fines & Forfeits the variance drops to $348,192 or 0.8 %. The original budget for revenues
was $41,547,482.
E Total expenditures came in below budget by $726,882 or 1.7 %. The Public Works Department saw the
largest savings from budget accounting for $405,956 or 56% of the total.
F The amended budget projected a surplus of $727,395 on revenues of $43,312,544 and expenses of
$42,585,149. Although there was a shortfall in budget to actual revenues, savings in budget to actual
expenses resulted in a final General Fund surplus of $759,456.
2 of 2 2012 End of Year Summary - GF.xlsx