HomeMy WebLinkAboutOrd 6053 02/05/2013 Making Certain Amendments to the Annual Budget for Fiscall Year '12ORDINANCE NO. 6053
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2012
AND ENDING DECEMBER 31, 2012
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
the 5th day of February, 2013
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 6th day of February, 2013.
ORDINANCE NO. 6053
AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL
BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2012
AND ENDING DECEMBER 31, 2012
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, 2012 and ending December 31, 2012 was
adopted through the passage of Ordinance No. 5891 approved by the Corporate Authorities of the
Village of Mount Prospect on December 20, 2011; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance No. 6001 on April 3, 2012, amending the annual budget for the fiscal
year commencing January 1, 2012 and ending December 31, 2012; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance No. 6036 on November 6, 2012, amending the annual budget for the
fiscal year commencing January 1, 2012 and ending December 31, 2012; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed
and approved Ordinance No. 6047 on December 18, 2012, amending the annual budget for the
fiscal year commencing January 1, 2012 and ending December 31, 2012; 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, 2012 and ending December 31, 2012; and
WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the
changes, as specified on the attached January 1, 2012 through December 31, 2012 Budget
Amendment No. 4 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 amount to cover the budget changes
reflected in Budget Amendment No. 4, attached hereto.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS ACTING IN THE
EXERCISE OF THEIR HOME RULE POWERS:
SECTION ONE That the fiscal year budget for January 1, 2012 through December 31, 2012 for
the Village of Mount Prospect is hereby amended, as detailed on Budget Amendment No. 4
attached hereto.
SECTION 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, Juracek, Korn, Matuszak, Polit, Zadel
NAYES: None
ABSENT: None
PASSED and APPROVED this 5"' day of February, 2013.
I ana K. Wilks •
Mayor
ATTEST
M Angell
Village Clerk
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 4
Fiscal Year January 1, 2012 through December 31, 2012
Revenues
Fund /Account Number
Account Description
Current
Budget
Amount
400,000
656,000
25,000
10,000
700,000
1,791,000
40,644,544
42,435,544
Increase
(Decrease)
Amended
Budget
Amount
009 General Fund
001.400.011
001.402.007
001.410.001
001.453.008
001.473.012
001.70.00.00.0.000.449.001
Prop Tax Increment CY
Real Estate Trsfr Tax
Building Permit
Forfeited Escrow Funds
Tree Replacement Reimb
Ambulance Transp Fee
All other General Fund accounts
Total General Fund
020 Capital Improvement Fund
020.418.008
020.489.001
EECBG Grant
Installment Note Proceeds
All other Capital Improvement Fund accounts
Total Capital Improvement Fund
023 Street Improvement Const Fund
023.419.002 DCEO Grants
All other Street Improvement Const Fund accounts
Total Street Improvement Const Fund
024 Flood Control Const Fund
024.489.001 Installment Note Proceeds
All other Flood Control Const Fund accounts
Total Flood Control Const Fund
040 Refuse Disposal Fund
040.80.85.00.0.000.453.010 Multi -Faro Ref Disp Pen
040.80.85.00.0.000.482.001 Sale of Refuse Stickers
All other Refuse Disposal Fund accounts
Total Refuse Disposal Fund
042 Cmmty Development Block Grant
042.418.002 Comm Dev Block Grant
042.476.001 CDBG Program Income
All other Cmmty Development Block Grant accounts
Total Cmmty Development Block Grant Fund
85,000
116,000
200,000
350,000
26,000
100,000
877,000
877,000
85,000
516,000
856,000
375,000
36,000
800,000
2,668,000
40,644, 544
43,312,544
-
44,000
44,000
937,000
(937,000)
-
937,000
(893,000)
44,000
1,131,000
1,131,000
2,068,000
(893,000)
1,175,000
-
17,500
17,500
-
17,500
17,500
1,555,500
1,555,500
1,555,500
17,500
1,573,000
-
2,500,000
2,500,000
-
2,500,000
2,500,000
665,646
665,646
665,646
2,500,000
3,165,646
7,500
225,500
233,000
4,236,150
4,469,150
75,000
(65,000)
10,000
10,000
82,500
160,500
243,000
4,236,150
4,479,150
442,750
60,000
502,750
(275,000)
125,000
(150,000)
167,750
185,000
352,750
502,750 (150,000) 352,750
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 4
Fiscal Year January 1, 2012 through December 31, 2012
Revenues
Fund /Account Number
045 DUI Fine Fund
045.60.61.00.0.000.453.005
Account Description
Current
Amended
Budget
Increase
Budget
Amount
(Decrease)
Amount
9,000
15,000
24,000
9,000
15,000
24,000
500
500
9,500
15,000
24,500
55,000
15,000
70,000
55,000
15,000
70,000
500
500
55,500
15,000
70,500
-
114,000
114,000
-
114,000
114,000
630,800
630,800
630,800
114,000
744,800
6,903,000
770,000
7,673,000
6,903,000
770,000
7,673,000
4,724,000
4,724,000
11,627,000
770,000
12,397,000
3,986,785
(172,100)
3,814,685
-
214,100
214,100
3,986,785
42,000
4,028,785
2,453, 574
2,453, 574
6,440,359
42,000
6,482,359
610,000
(75,000)
535,000
490,000
30,000
520,000
20,000
240,000
260,000
20,000
75,000
95,000
100,000
(400,000)
(300,000)
100,000
(50,000)
50,000
1,278,000
1,850,000
3,128,000
-
430,000
430,000
2,618,000
2,100,000
4,718,000
3,249,000
3,249,000
5,867,000
2,100,000
7,967,000
All other DUI Fine Fund accounts
Total DUI Fine Fund Fund
DUI Fines
046 Foreign Fire Tax Board Fund
046.402.004 Foreign Fire Ins Tax
All other Foreign Fire Tax Board Fund accounts
Total Foreign Fire Tax Board Fund Fund
048 Business District Fund
048.00.00.00.0.775.402.005 Hotel /Motel Tax
All other Business District Fund accounts
Total Business District Fund
050 Water and Sewer Fund
050.80.84.87.0.000.446.001 Water Sales
All other Water and Sewer Fund accounts
Total Water and Sewer Fund
063 Risk Management Fund
063.440.010 Departmental Charges
063.440.011 Medical - PW Charges
All other Risk Management Fund accounts
Total Risk Management Fund
070 Police Pension Fund
070.460.001
070.464.001
070.466.001
070.466.003
070.467.001
070.467.003
070.468.001
070.468.002
Inv Income - Mgr S
Inv Income - Mgr M
Realized G/L - Mrgr S
Realized G/L - Mrgr M
Unrealized G/L - Mrgr S
Unrealized G/L - Mrgr M
Market G/L on Equities
Dividend Income
All other Police Pension Fund accounts
Total Police Pension Fund
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 4
Fiscal Year January 1, 2012 through December 31, 2012
Revenues
Fund /Account Number
071 Fire Pension Fund
071.460.001
071.462.005
071.466.001
071.466.005
071.467.001
071.467.005
071.468.001
Account Description
Current
Budget
Amount
605,000
465,000
20,000
10,000
100,000
100,000
1,225,000
2,525,000
2,847,300
5,372,300
Increase
(Decrease)
(90,000)
(250,000)
250,000
200,000
(400,000)
(100,000)
2,200,000
1,810,000
1,810,000
Amended
Budget
Amount
515,000
215,000
270,000
210,000
(300,000)
3,425,000
4,335,000
2,847,300
7,182, 300
Inv Inc - Mgr S
Inv Inc - Mgr G
Realized G/L - Mrgr S
Realized G/L - Mrgr G
Unrealized G/L - Mrgr S
Unrealized G/L - Mrgr G
Market G/L on Equities
All other Fire Pension Fund accounts
Total Fire Pension Fund
Total Estimated Revenues
Funds being changed
All other Village Budget accounts
81,699,049
10,333,317
7,227,500
88,926,549
10,333,317
Total Estimated Revenues After Changes 92,032,366 7,227,500 99,259,866
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 4
Fiscal Year January 1, 2012 through December 31, 2012
Expenditures
Fund /Account Number
009 General Fund
001.20.21.00.0.050.530.006
001.20.21.00.0.050.531.001
All other General Fund accounts
Total General Fund
002 Debt Service Fund
002.00.00.00.2.511.695.009
002.00.00.00.2.512.695.010
002.00.00.00.2.659.564.001
Account Description
Other Prof. Serv.
Legal - General Counsel
Current
Budget
Amount
1,500
400,000
401,500
41,903,649
42,305,149
Increase
(Decrease)
30,000
250,000
280,000
280,000
500
500
12,000
13,000
2009B GO Bank Fee
2009C GO Bank Fee
Financing Costs
All other Debt Service Fund accounts
Total Debt Service Fund
020 Capital Improvement Fund
020.60.90.00.1.709.668.003 Radio Equip - Police
020.70.90.00.1.709.668.001 Radio Equip -Fire
All other Capital Improvement Fund accounts
Total Capital Improvement Fund
022 Downtown Redevelopment Const Fund
022.30.01.00.1.000.636.013 NWE Sales Tax Rebate
All other Downtown Redevelopment Const Fund accounts
Total Downtown Redevelopment Const Fund
040 Refuse Disposal Fund
040.80.85.00.0.000.568.004 Refuse Coll Stickers
All other Refuse Disposal Fund accounts
Total Refuse Disposal Fund
042 Cmmty Development Block Grant
042.40.41.00.0.154.636.012 Single Family Rehab
All other Cmmty Development Block Grant accounts
Total Cmmty Development Block Grant
050 Water and Sewer Fund
050.80.84.87.0.378.570.001 JAWA - Water Purchase
050.80.84.87.0.378.570.004 JAWA - Fixed Cost
All other Water and Sewer Fund accounts
Total Water and Sewer Fund
428
428
856
2,408,939
2,409,795
447,000
490,000
937,000
1,822, 399
2,759,399
93,000
93,000
2,688,300
2,781,300
218,400
218,400
4,204,803
4,423,203
245,457
245,457
257,293
502,750
3,020,000
691,000
3,711,000
9,425,158
13,136,158
13,000
(410,000)
(450,000)
(860,000)
(860,000)
22,000
22,000
22,000
(53,400)
(53,400)
(53,400)
(150,000)
(150,000)
(150,000)
350,000
125,000
475,000
475,000
Amended
Budget
Amount
31,500
650,000
681,500
41,903,649
42,585,149
928
928
12,000
13,856
2,408,939
2,422,795
37,000
40,000
77,000
1,822,399
1,899,399
115,000
115,000
2,688,300
2,803,300
165,000
165,000
4,204,803
4,369,803
95,457
95,457
257,293
352,750
3,370,000
816,000
4,186,000
9,425,158
13,611,158
VILLAGE OF MOUNT PROSPECT
Budget Amendment No. 4
Fiscal Year January 1, 2012 through December 31, 2012
Expenditures
Fund /Account Number
Account Description
Current
Budget
Amount
Amended
Increase Budget
(Decrease) Amount
063 Risk Management Fund
063.00.00.00.4.000.597.001
Medical Claims
All other Risk Management Fund accounts
Total Risk Management Fund
070 Police Pension Fund
070.00.00.00.3.000.528.001 Retirement Pensions
All other Police Pension Fund accounts
Total Police Pension Fund
071 Fire Pension Fund
071.00.00.00.3.000.528.001 Retirement Pensions
All other Fire Pension Fund accounts
Total Fire Pension Fund
Total Village Budget
Funds being changed
All other Village Budget Accounts
Total Village Budget after Changes
3,552,950
270,000
3,822,950
3,552,950
270,000
3,822,950
3,459,505
-
3,459,505
7,012,455
270,000
7,282,455
2,915,422
85,000
3,000,422
2,915,422
85,000
3,000,422
879,048
-
879,048
3,794,470
85,000
3,879,470
2,784,369
50,000
2,834,369
2,784,369
50,000
2,834,369
1,010,700
-
1,010,700
3,795,069
50,000
3,845,069
82,919,748
131,600
83,051,348
8,870,485
-
8,870,485
91,790,233
131,600
91,921,833