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Home My WebLink AboutOrd 5388 12/02/2003ORDINANCE NO. 5388 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1,2003 AND ENDING DECEMBER 31,2003 Passed and approved by the President and Board of Trustees the 2nd day of December, 2003 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois, The 3rd day of December, 2003 ORDINANCE NO. 5~88 AN ORDINANCE MAKING CERTAIN AMENDMENTS TO THE ANNUAL BUDGET ADOPTED FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2003 AND ENDING DECEMBER 31,2003 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, 2003 and ending December 31, 2003 was adopted through the passage of Ordinance No. 5299 approved by the Corporate Authorities of the Village of Mount Prospect on December 17, 2002; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect have passed and approved Ordinance No. 5333 on May 6, 2003, amending the annual budget for the fiscal year commencing January I, 2003 and ending December 31, 2003; 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, 2003 and ending December 31, 2003; and WHEREAS, the President and Board of Trustees of the Village of Mount Prospect believe the changes, as specified on the attached January 1, 2003 through December 31, 2003 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 amount 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, 2003 through December 31, 2003 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 fbrm as provided by law. AYES: Corcoran, Hoefert, NAYES: None ABSENT: None PASSED and APPROVED this 2nd Lohrstorfer, Skowron, Wilks, Zadel __day of December ,2003. ATTEST Vel a~~W. Lowe~, ~ill~ g~e Cld~mk Gerald L/. Fail'y, V4]lage P/r~z~ident Item No. Fund/Program/Classification General Fund 1 Other Taxes 2 Other Taxes 3 Other Taxes 4 Other Taxes 5 Licenses, Permits & Fees 6 Licenses, Permits & Fees 7 Licenses, Permits & Fees 8 Licenses, Permits & Fees 9 Intergovernmental 10 Intergovernmental 11 Intergovernmental 12 Intergovernmental 13 interest Income 14 Reimbursements 15 Other Revenue All other General Fund accounts Total General Fund Village of Mount Prospect, Illinois Budget Amendment #2 Fiscal Year January 1, 2003 through December 31, 2003 Revenues Original Revenue Account # Account Description Estimate 0010000.410400 Food & Beverage Tax 492,800 0010000-414000 Real Estate Transfer Tax 750,000 0010000-417200 Northern Illinois Gas Tax 255,000 0010000-417250 Natural Gas Use Tax 0 0010000-421100 Building Permits 320,000 0010000-421200 Electrical Permits 50,000 0010000-421300 Plumbing Permits 36,000 0010000-423000 Public Improvements Insp. 15,000 0010000-430000 Sales Tax 8,190,200 0010000-430100 Income Tax 3,801,536 0010000-430400 State Use Tax 592,250 0010000-434207 Police Badge Grant 0 0010000-460100 Interest Income 245,000 0010000-470900 Other Reimbursements 35,000 0010000-481000 IDB Revenue 0 Amended increase Revenue IDecrease) Estimate (67,800) 425,000 225,000 975,000 601000 315,000 150,000 150,000 380,000 700,000 38,000 88,000 25,000 61,000 45,000 60,000 (240,200) 7,950,000 (271,536) 3,530,000 (67,250) 525,000 20,000 20,000 (95,000) 150,000 17,000 52,000 84,398 84,398 14,782,786 302,612 15,085,398 14,118,029 0 14,118,029 28,900,815 302,612 29,203,427 1,611,000 64,000 1,675,000 30,250 0 30,250 1,641,250 64,000 1,705,250 56,800 78,200 135,000 506,657 0 506,657 563,457 78,200 641,657 213,640 (19,090) 194,550 1,812 0 1,812 215,452 (19,090) 196,362 16 Motor Fuel Tax Fund Intergovernmental All other MFT Fund accounts Total Motor Fuel Tax Fund 0500000-432000 State Motor Fuel Tax 17 CDBG Other Revenue All other CDBG Fund accounts Total CDBG Fund 0700000-483000 Program Revenue 18 19 20 1996A B&I Flood Other Taxes All other 1996A B&I Flood accounts Total 1996A B&I Flood Fund 3400000-410100 1998A B&I Flood Other Taxes All other 1998A B&I Flood accounts Total 1998A B&I Flood Fund 3500000-410100 IEPA Flood Control B&I Other Taxes 3800000-410100 Ail other IEPA Flood Control B&I accounts Total IEPA Flood Control B&I Fund Home Rules Sales Tax 1 Home Rules Sales Tax I Home Rules Sales Tax 1 67,031 (5,990) 61,041 489 0 489 67,520 (5,990) 61,530 494,100 (44,152) 449,948 1,733 0 1,733 495,833 (44,152). 451,681 Village of Mount Prospect, Illinois Budget Amendment #2 Fiscal Year January 1, 2003 through December 31, 2003 Revenues Item No. 21 FundlProgram/Classification Account # Series 2000 B&I Flood Control Other Taxes 3900000-410100 All other 2000 B&I Flood Control accounts Total Series 2000 B&I Flood Control Fund Account Description Home Rules Sales Tax 1 22 Series 2002B B&I Flood Other Taxes 4000000-410100 All other Series 2002B B&I Flood accounts Total Series 2002B B&I Ftood Fund Home Rules Sales Tax 1 23 Series 1998A B&I Street Improvement Other Taxes 4300000-410200 All other Series 1998A B&I Street Imp accounts Total Series 1998A B&I Street Improvement Fund Home Rules Sales Tax 2 24 Series 2002B B&I Street Improvement Other Taxes 4400000-410200 All other Series 2002B B&I Street Imp accounts Total Series 2002B B&I Street Improvement Fund Home Rules Sales Tax 2 25 26 Downtown Redevelopment Fund Other Taxes 5500000-413100 Other Financing Sources 5500000-494600 Investment Income 5500000-460100 All other Downtown Redevelopment accounts Total Downtown Redevelopment Fund Property Tax Increment Sale of Properly ' Interest Income Original Amended Revenue Increase Revenue Estimate (Decrease) Estimate 70,540 (6,304) 64,236 755 0 755 71,295 (6,304) 64,991 444,989 (39,764) 405,225 4,072 O 4,072 449,061 (39,764/ 409,297 750,256 {67,042) 683,214 6,995 0 6,995 757,251 (67,042) 690,209 540,044 (48,258) 491,786 6,379. 0 6,379 546,423 I48,258) 498,165 259,600 27,900 287,500 0 1,225,000 1,225,000 0 4,900 4,900 168,284 O 168,284 427,884 1,257,800 1,685,684 168,000 47,000 215,000 1,652,765 0 1,652,765 1,820,765 47,000 1,867,765 27 Street Improvement Construction Other Taxes 5600000-417200 All other Street improvement Construction accounts Total Street improvement Construction Fund Northern Illinois Gas Tax 28 Flood Control Construction Reimbursements 5900000-470900 All other Flood Control Construction accounts Total Flood Control Construction Fund Other Reimbursements 0 95,000 95,000 20,000 O 20,000 20,000 95,000 115,000 29 Water & Sewer Fund Charges for Services Other Income Ail other Water & Sewer accounts Total Water & Sewer Fund 6100000-446500 6100000-480900 Water & Sewer Taps Miscellaneous Income 25,000 50,000 75,000 15,000 10,000 25,000 8,172,925 O 8, t72,925 8,212,925 60,000 8,272,925 Village of Mount Prospect, Illinois Budget Amendment #2 Fiscal Year January 1, 2003 through December 31, 2003 Revenues Item NO. 30 Fund/Program/Classification Account Cf Parking System Revenue Fund Licenses, Permits & Fees 6300000-429400 All other Parking System Revenue accounts Total Parking System Revenue Fund Account Description Rental Income , Original Amended Revenue Increase Revenue Estim:~te (Decrease) Estimate 7200 (6,600) 600 182,000 0 182,000 189,200 I6,600) 182,600 31 Vehicle Replacement Fund Other Financing Sources All other Vehicle Replacement accounts Total Vehicle Replacement Fund 6700000-494652 Gain/Less on Sale of Assets 60,000 70,000 130,000 967,561 0 967,561 1,027,561 70,000 1,097,561 45,406,692 1,737,412 47,144,104 31,457,820 0 31,457,820 76,864,512 1,737,412 78,601,924 Total Estimated Revenues Funds being changed Ali other Village Budget accounts Total Estimated Revenues After Changes Item .... ..N.o. Fund/Prog ram/Classification General Fund Village Manager's Office - IT 1 Office Equipment Television Services 2 Utilities Human Services 3 Utilities Community Service Programs 4 Personal Services All other General Fund Accounts Total General Fund Village of Mount Prospect, Illinois Budget Amendment #2 Fiscal Year January 1. 2003 through December 31, 2003 Expenditures Account# 0011101-650013 0011202-550300 0013101-550300 0016103-500300 Current Amended Budget Increase Budget Account Description Amount (Decrease) Amount Telephone Equipment 0 3,000 3,000 Telephone Service 0 1,500 1,500 Telephone Service 4,680 6,820 11,500 Overtime Earnings 41,400 5,600 47,000 46,080 16,920 63,000 30,001,758 0 30,001,758 30,047,838 16,920 30,064,758 200,737 329,263 530,000 1,130,355 0 1,130,355 1,331,092 329,263 1,660,355 40,000 24,000 64,000 0 15,000 15,000 40,000 39,000 79,000 4,643,096 0 4,643,096 4,683,096 39,000 4,722,096 Capital Improvement Fund Flood Control Projects Wel[er Creek Improvements All other Capital Improve, Fd. Accounts Total Capital improvement Fund 5907704-690102 Weller Creek Improvements R~kManagement Fund Casualty & Propedylnsurance 6 Insu~nce 7 Insumnce 6908501-560104 6908501-560108 All other Risk Management Fund accounts Total Risk Management Fund Workers' Comp Insurance Builder's Risk Insurance Pension Funds Police Pension 8 Pension Beneifits 9 Pension Beneifits 10 Pension Beneifits All other Pension Fund accounts Total Parking Revenue Fund 7108202-530700 7108202-530911 7108202-530911 Refund of Contributions Legal Expense Pension Portability Exp. 10,000 22,000 32,000 5,400 14,600 20,000 0 53,600 53,600 15,400 90,200 105,600 2,056,500 0 2,056,500 2,071,900 90,200 2,162,100 38,133,926 475,383 38,609,309 48,709,967 0 48,709,967 86,843,893 475,383 87,319,276 Total Village Budget Funds being changed All other Village Budget accounts Total Village Budget after Changes