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HomeMy WebLinkAboutOrd 5395 12/16/2003ORDINANCE NO. 5395 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES the 16~ day of December, 2003 Published in pamphlet form by authority of the corporate authorities of the Village of Mount Prospect, Illinois the 17~ day of December, 2003. ORDINANCE NO. 5395 AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2004 AND ENDING DECEMBER 31, 2004 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, 2004 and ending December 31, 2004, 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 7, 2003 for public inspection, as provided by Statute; and WHEREAS, pursuant to notice duly published on December 4, 2003, a public hearing was held by the President and Board of Trustees on said tentative annual budget on December 16, 2003, 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, 2004 and ending December 31, 2004, 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, 2004 and ending December 31, 2004, 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: NAYS: ABSENT: Hoefert, Lohrstorfer, Skowron, Wilks, Zadel Corcoran None PASSED AND APPROVED this 16~ day of December, 2003. ATTEST: ~3er~id L. Parley, Vil~e President / VILLAGE OF MOUNT PROSPECT 2004 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES 2004 BUDGET Account Name Account Number 20O4 2004 Budget Proposed Originally Recommended Budget Proposed Change As Amended GENERAL FUND Expenditures Public Representation Mayor and Board of Trustees Travel and Meetings Village Manager's Office Information Technology Computer Maintenance Community & Civic Services Contractual Services M.P. Historical Society Other Expenditures Total Expenditures 0010102-520400 1,500 (1,500) 0 0011104-540610 152,876 (25,250) 127,626 0016102-540980 35,000 31,416,194 31,605,570 1,500 36,500 0 31,416,194 (25,250) 31,580,320 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 Contractual Services Library Supplies Other Operating Expenses Audit and Insurance Building Utilities Building Maintenance Equipment Maintenance Equipment & Equipment Rental Other 9500000-499100 0 9500000-499101 0 9500000-499102 0 9500000-499103 0 9500000-499104 0 9500000-499109 0 9509502-900110 9509502-900120 9509502-900130 9509502-900140 9509502-900155 9509502-900160 9509502-900170 9509502-900171 9509502-900210 9509502-900200 9509502-900220 9509502-900225 9509502-900226 3,945,500 3,945,500 399,510 399,510 268,400 268,400 99,310 99,310 1,594,475 1,594,475 17,334,680 17,334,680 0 23,641,875 23,641,875 0 3,093,100 3,093,t00 0 407,500 407,500 0 231,800 231,800 0 48,100 48,100 0 142,100 142,100 0 51,300 51,300 0 122,300 122,300 0 101,300 101,300 0 54,000 54,000 0 55,000 55,000 0 19,900 19,900 0 77,300 77,300 0 15,000 15,000 Page 1 VILLAGE OF MOUNT PROSPECT 2004 PROPOSED BUDGET SUMMARY OF RECOMMENDED CHANGES 2004 BUDGET Account Name Account Number 2004 2004 Budget Proposed Originally Recommended Budget Proposed Change As Amended 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 0 337,300 337,300 9509502-900310 0 83,000 83,000 9509502-900311 0 132,400 132,400 9509502-900312 0 300,000 300,000 9509502-900313 0 9509502~900330 0 9509502-900700 0 9509502-900701 0 475,000 475,000 300,000 300,000 1,595,475 1,595,475 16,000,000 16,000,000 0 23,641,875 23,641,875 Page 2 VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY TOTAL VILLAGE BUDGET 2002 2003 2003 2004 2005 Actual Budget Estimate Budget Forecast REVENUES AND OTHER SOURCES Property Taxes Other Taxes Licenses, Pem~its & Fees Intergovernmental Revenue Charges for Service Fines and Forfeits Investment Income Reimbursements Other Revenue Interfund Transfers Other Financing Sources Village Revenues and Other Sources Mount Prospect Library Revenues Total Revenues and Other Sources 10,366.223 10,930,576 I0,688,82I 11,453,283 I 1,998,998 9,690,216 10,606,790 10,437,716 I2,378,646 11,895,584 3,116,245 2,767,330 2,858,177 2,814,250 2,799,250 15,999,658 15,302,469 t4,926,884 14,661,489 I5,355,216 13,085,235 14,367,886 14,159,576 15,373,741 16,402,239 583.521 512,960 532,096 556,500 563,500 9,025,198 4,555,565 5,506,068 4,431,950 4,341,800 603,1 II 778,404 807,854 387,900 395,150 3,514,297 3,748,855 3,841,936 4,107,365 4,460,800 1,865,927 1,096,677 1,096,677 962,730 805,000 6,288,067 12,295,000 13,520,000 60,000 60,000 74,137,698 76,962,512 78,375,805 67,187,854 69,077,537 5,013,792 26,171,713 26,171,713 23,641,875 (a) 79,151,490 103,134,225 104,547,518 90,829,729 69,077,537 BUDGET EXPENDITURES Village Operating Budget Village Capital Budget Debt Service Budget Pension Systems Budget Internal Services Budget (b) Total Village Expenditures Mount Prospect Library Budget Total Expenditures 39,839,814 45,311,742 45,135,976 45,375,750 47,9]4,336 9,053,704 25,696,441 20,863,493 12,189,943 8,210,435 13,147,813 5,858,792 5,845,752 5,967,704 4,541,955 3,672,910 4,113,425 4,166,586 4,546,864 4,676,054 5,413,510 5,866,493 6,018,448 6,858,775 7,734,888 71,127,751 86,846,893 82,030,255 74,939,036 73,077,668 5,103,851 26,171,713 26,t71,713 23,641,875 (?) 76,231,602 113,018,606 108,201,968 98,580,911 73,077,668(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 ( e ) Available Fund Balances 2,919,888 (9,884,381) (3,654,450) [7,751,182) (d) (4,000,131) 123,084,250 126,004,138 126,004,138 122,349,688 91,381,432 126,004,138 116,119,757 122,349,688 114,598,506 87,381,301 (64,112,068) (66,378,917) (67,370,796) (69,738,011) (72,223,286) 61,892,070 49,740,840 54,978,892 44,860,495 15,158,015 (a) (c) (d) Not available as of December 16, 2003. 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 of the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2002 2003 2003 2004 2005 Actual Budget Estimate Budget Forecast PROPERTY TAXES 10,366,223 10,930,576 10,688,821 I 1,453,283 11,998,998 OTHER TAXES Home Rule Sales Tax 2,474,479 2,580,600 2,155,308 3,293,778 3,456,825 Food & Beverage Tax 635,191 657,065 567,000 587,000 598,800 Special Service Area Taxes 1,563,343 1,570.150 1,570,050 1,567,913 1,565,206 Properly Tax Increment 912,882 1,128,217 1,105,653 1,441,077 1,721,153 Real Estate Transfer Tax 1,016,563 750,000 918,380 827,500 827,500 Utility Taxes 2,738,841 3,580,028 3,778,043 4,3t 1,278 3,371,000 M un icipal Motor Fuel Tax 162,342 150,000 165,000 165,000 170,000 Other Taxes 186.575 190,730 178,282 185,100 185,100 9,690,216 10,606,790 10,437,716 12,378,646 11,895,584 LICENSES, PERMITS & FEES Vehicle Licenses 1,354,466 t,368,000 1,339,200 1,368,000 1,368,000 Other Licenses 343,276 350,730 354,308 347,750 347,750 Permit Fees 504,725 427,500 561,787 485,500 460,500 Infrastructure Mtc Fee 320,605 Franchise Fee 323,994 346,800 320,000 330,000 340,000 Other Fees 269,179 274200 282,882 283,000 283,000 3,116,245 2,767,330 2,858,177 2,814,250 2,799,250 INTERGOVERNMENTAL REVENUE State Sales Tax State Income Tax State Motor Fuel Tax Other State Taxes Community Dcvl Block Grant Other Grants 7,852,454 8,190,200 7,942,386 8.489,505 9,056,295 3,690,811 3,801,536 3,675,000 3,353,394 3,453,996 1,600,699 1,611,000 1,614,618 1,630,765 1,647.100 704,703 780,303 757,850 682,875 692,875 712,092 506,657 5(16.657 485,450 485,450 1,438,899 412,773 430,373 19,500 19,500 15,999,658 15,302,469 14,926,884 t4,661,489 15,355,216 CHARGES FOR SERVICE Water & Sewer Charges Parking Charges Refuse Disposal Charges Internal Service Fund Charges Other Service Charges 6,172,800 6,590,800 6,410,557 6,624,915 6,885,392 I56,881 164,000 159,125 224,850 224,850 909,220 972,300 980,400 1,009,300 1,030,300 5,084,I08 5,843,733 5,829,166 6,707,813 7,431,823 762,226 797,053 780,328 806,863 829,874 13,085,235 14,367,886 14,159,576 15,373,741 16,402,239 FINES AND FORFEITS 583,521 512,960 532,096 556,500 563,500 INVESTMENT INCOME General Fund 319.554 265.000 213,750 230,000 230,000 Pension Funds 7,740,424 3.615,000 4,619,900 3,7 t 1,000 3,711,000 Other Funds 965~220 675,565 672,418 490,950 400,800 9,025,198 4,555,565 5,506,068 4,431,950 4,341,800 VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY REVENUE TYPE 2002 2003 2003 2004 2005 Actual Budget Estimate Budget Forecast REIMBURSEMENTS 603,1 I l 778,404 807,854 387,900 395,150 OTtIER REVENUE Village Police & Fire Pension Contributions 1,583,688 1,810,214 1,810,214 2,164,920 2,376,800 Developer Donations 55,350 40,500 124,200 40,500 40,500 Employee & Retiree Contributions 1,590,516 1,687,191 1,570,177 1,686,945 1,819,500 Other Revenue 284,743 210,950 337,345 215,000 224,000 3,514,297 3,748,855 3,841,936 4,107,365 4,460,800 TOTAL VILLAGE REVENUES 65,983,704 63,570,835 63,759,128 66,165,124 68,212,537 INTERFUND TRANSFERS 1,865,927 1,096,677 1,096,677 962,730 805,000 OTHER FINANCING SOURCES Bond Proceeds 6,197,42t EPA Flood Loan Sale of Property 90,646 12,235,000 12,235,000 60,000 1,285,000 60,000 60,000 6,288,067 12,295,000 13,520,000 60,000 60,000 MOUNT PROSPECT LIBRARY REVENUES 5,013,792 26,171,713 26,171,713 23,641,875 (a) CHANGES IN FUND BALANCES Total Revenues & Other Sources Total Expenditures Additions to <Use of> Fund Balances ANALYSIS OF CHANGES IN FUND BALANCES Additions to Pension Fund Balances Additions to Other Fund Balances <Use of> Other Fund Balances (b) 79,151,490 103,134,225 104,547,518 90,829,729 69,077,537 76,231,602 113,018,606 I08,201,968 98,580,911 73,077,668 2,919,888 (9,884,381) (3,654,450) (7,751,182) (4,000,131) 6,582,005 2,306,606 3,258,728 2,367,215 (3,662,117) (12,190,987) (6,913,178} (10,118,397) (b) 2,485,275 (6,485,406) 2,919,888 (9,884,381) (3,654,450) (7,751,182) (4,000,131) (a) Figures not available as of December 16, 2003. (b) Does notinclude the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUi I51ARX~ BUDGET EXPENDITURES 2002 2003 2003 2004 2005 Actual Budget Estimate Budgel Forecast VILLAGE OPEP,_4TING BUDGET I PUBLIC REPRESENTATION 100,879 105,632 107,874 I0&167 110,138 VILLAGE ADMINISTRATION Village Manager's Office Television Services Division Village Clerk's Office Finance Department Totals 1,360,167 t,793,366 1,807,062 1,816,853 1,884,855 172.217 18 t ,389 153,862 ] 70,262 178,471 139,470 165,792 155,022 163,256 172,359 1,374,797 1.293,086 1,238,907 1,367,331 1,495,159 3,046,651 3,433,633 3,354,853 3,517,702 3,730,844 COMMUNITY DEVELOPMENT Commanily Dcvelopment Community Development/CDBG Totals 1,371,255 t,546,398 1,413,253 1,560,327 1,735,067 747,057 563,457 55Z147 5501450 545,450 2,118,312 2,109,855 1,970,400 2,110,777 2,280,517 HUMAN SERVICES DEPARTMENT 710,328 758,285 687,168 784,867 788,514 PUBLIC SAFETY AND PROTECTION Police Depanmen't Fire Department Totals 9,787,997 I0,483,729 10,422,933 11,320,912 11,905,143 7,846.293 8,353,838 8,381~891 8,816.740 9,355,837 17,634,290 18,837,567 18,804,824 20,137.652 21,260,980 PUBLIC WORKS DEPARTMENT Administration 959,187 969,874 969,699 1,001,751 1,047,483 Streets/Bldgs/Parking 2,456,356 2,276,879 2,258,039 2,245,767 2,382,401 Forestry 1,268,349 1,334,213 1,273,824 1,259,938 1,445,707 Engineering 938,060 1,198,119 1A65,071 1,083,251 1,142,304 Water/Sewer 6,761,444 9,604,119 9,880, I99 8,364,817 8,988,106 Refuse Disposal 3.200,073 3,307,863 3.272,249 3,533,222 3,668,186 Totals 15,583,469 18,691,067 18.819,081 17,488,746 18,674,187 COMMUNITY & CIVIC SERVICES 278,422 280,491 297,341 265,402 264,156 CONTINGENCIES & EQUITY TRANSFERS 367,463 1,096,677 1,096,677 962,730 805,000 VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY BUDGET EXPENDITURES 2002 2003 2003 2004 2005 Actual Budget Estimale Budget Forecast VILLAGE CAPITAL BUDGET Village Improvements & Equip Community Improvement Pro. iects Downtown Redeve]opmen! Constr Flood Control Projects Street Improvement Projects Motor Equipment Replacement Computer Replacement Totals 2:163,878 16,058.531 11.749,046 5,860,876 1,152,060 348,670 623,534 623,534 10,000 375,000 622,164 1,177,753 871,211 1,476,617 190,780 2,272.368 518,027 687,290 330,000 714.050 2,863,770 5,227,792 4,953,217 3,313,000 4,398,000 702,746 1.879,554 1,763,719 1,052,300 1,171.095 80,108 211,250 215,476 147,150 209,450 9,053,704 25,696,441 20,863,493 12,189,943 8,210,435 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 3,839,062 2,056,053 2,043,413 2,019,966 1,979,111 2,357,525 780,585 780,585 912,075 1,097,045 3,316,304 1,487,540 1,487,340 1,499,168 1,427,999 3,594,867 1,496,839 1,496,639 1,496,000 40.055 37,775 37,775 40,495 37~800 13,147,813 5,858,792 5,845,752 5,967,704 4,541,955 PENSION SYSTEMS BUDGET MiscelIaneous Pensions 51,949 52,875 53,358 53,714 54,629 Police Pensions 1,825,156 2,071,900 2,064,222 2,226,120 2,306,080 Fire Pensions 1,795.805 1~988.650 2.049,006 2.267,030 2.315,345 Totals 3,672,910 4,113,425 4,166,586 4,546,864 4,676,054 VILLAGE INTERNAL SERVICES BUDGET Vehicle Maintenance Services 1,120,967 1,193,397 1,202,773 1,228,482 1,262,562 Risk Management Casualty and Property Insurance 1.231,567 955,013 1,098,982 1,069,013 1,107,451 Medical Insurance 3,060,976 3,718,083 3,716,693 4,561,280 5.364,875 Totals 5,413,510 5.866,493 6,018,448 6,858,775 7,734,888 1MOUNT PROSPECT LIBRARY BUDGET 5.103,851 26,171,713 26.171,713 23,641.875 (a) I (a) Figures not available as of December 16, 2003. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2002 2003 2003 Actual Budget Estimate 2004 2005 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 28,099,006 28,903,815 28,776,065 31,218,204 32,367,224 3,410.919 3,280,673 3,216,000 3,317,523 3,339,273 1,650,151 1,641,250 1,644,968 1,662,015 1,651,350 26,588 12,173 12,173 10,000 10,000 747,057 563,457 608,657 550,450 545,450 34,233 7,200 1,320 7,700 7,700 20,520 12,000 1,700 12,000 12,000 8,694 6,050 10, I O0 I 0,100 10,100 5,898,162 5,522,803 5,494,918 5,569,788 5,575,873 DEBT SERVICES FUNDS GO. Bonds - Property Taxes GO. Bonds - Tax Increment GO. Bonds- Homo Rule Sales Tax 1 G.O. Bonds - Home Rule Sales Tax 2 Special Service Area Bonds CAPITAL PROJECTS FUNDS Capital Improvement Fund Series 2001 Pro.~ect Fund Series 2003 Project Fund Capital Improve Const Fund Downtown Redevlpmnt Const Street Improve Const Fund Flood Control Const Fund ENTERPRISE FUNDS Water And Sewer Fund Village Parking System Fund Parking System Revenue Fund 3,8041344 1,952,515 1,928,849 1,979,962 1,995,116 1,933,096 874,833 856,459 1,008,000 1.083,600 3,100,213 1,299,161 1,080,770 1,100,276 t,t54,125 3,350,351 1,303,674 1,081,888 1,097,926 36,694 33,531 33,225 30,988 28,281 2,224,698 5,463,714 4,981,191 5,217,152 4,261,122 513,785 622,200 700,900 60,500 60,500 81,595 20,366 22,000 12,355,102 12,355,000 40,000 2,357 1,875 427,884 1,655,042 440,077 644,153 1,725,831 1,820.765 1,840,700 1,500,165 1,700,275 1.060.361 115,000 120,000 15,000 12,000 3,385,804 15,361,317 16,693,642 7,827,296 8,212,925 8,049,582 t 84~086 189,200 174,950 2,055,742 2,416,928 8 246.940 8,507,417 135,650 135,650 112,200 112,200 8,011,382 8,402,125 8,224,532 8,494,790 8,755,267 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Fund Risk Management Fund 1,158,907 1,144,297 1,144,997 1,228,529 1,262,595 1,147,167 1,027,561 1,027,561 1,045,548 1,045,548 205,856 227,476 227,476 227,906 151,563 3,767,427 4,529, I30 4,420,349 5,269,830 6,134,717 6,279,357 6,928,464 6,820,383 7,771,813 8,594,423 VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY REVENUES AND OTHER SOURCES BY FUND 2002 2003 2003 2004 2005 Actual Budget Estimate Budget Forecast FIDUCIARY FUNDS Police Pension Fund Fire Pension Fund Benefit Trust ~2 Fund 5.I10,278 3,108,033 3,735,433 3,431.674 3,557,690 5,128,160 3,272,t41 3,649,641 3,428,691 3,549,010 851 100 10,239,289 6,380,274 7,385,074 6,860,365 7,106,700; MOUNT PROSPECT LIBRARY FUND 5,013,792 26,171,713 26,171,713 23,641,875 (a) (a) Figures not available as of December 16, 2003. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY EXPENDITURES BY FUND 2002 2003 2003 2004 2005 Actual Budget Estimate Budget Forecast G EN EIL-XL FUND 28,092,921 30,050.838 29.641,132 31,580,320 34,039,988 SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Local Law Enforcement Block Grant Community De~eloprnent Block Grant Asset Seizure Fund DEA Shared Funds Fund DUI Fine Fund Totals 3,200,073 3,307,863 3,272,249 3,533,222 ' 3,668,186 1,994,946 2,430,730 2,375,230 1,816,070 1,762,750 26,587 12,173 12,201 12,524 747,057 563,457 557,147 550,450 545,450 8,094 8,850 8,850 7,000 7,000 2, I 13 5,225 5,225 4,700 5,000 700 12,000 12,000 3.000 6,000 5,979,570 6,340,298 6,242,902 5,926,966 5,994,386 DEBT SERVICE FUNDS G.O. Bonds - Property Taxes G.O. Bonds - Tax Increment G.O. Bonds - Home Rule Sales Tax 1 G.O. Bonds - Home Rule Sales Tax 2 Special Service Area Bonds Totals 3,839,062 2,056,053 2,043,413 2,019,966 1,979,111 2,357,525 780,585 780,585 912,075 1,097,045 3,316,304 1,487,540 1,487,340 1,499,168 1,427,999 3,594,867 1,496,839 1,496,639 1,496,000 40,055 37,775 37,775 40,495 37,800 3,147,813 5,858,792 5,845,752 5,967,704 4,541,955 CAPITAL PROJECTS FUNDS Capital Improvement Fund Series 200I Project Fund Series 2003 Project Fund Capital lmprovemen! Const Fund Downtown Redevelop Const Fund Street Improvement Const Fund Flood Control Const Fund Totals 1,803,856 1,331,092 1,134,092 388,476 2,530,060 675,218 4,145,010 4,148,703 100,000 ti,143,963 6,973,785 5,436,400 154,194 622,609 1,178,218 871,676 1,477,098 191,278 1,488,414 4,248,099 4,073,024 2,525,730 2,204,500 2,150,673 518.027 687,290 330,000 544,050 6,894,964 22,564,409 17.888.570 10,257,704 5,469,888 ENTERPRISE FUN DS Water and Sewer Fund Village Parking System Revenue Fund Parking System Revenue Fund Totals 6,761,444 9,604,119 9,880,199 8,364,817 8,988,106 147,014 158,271 385,903 387,472 397.711 133,136 137,916 7,147,347 9,991,591 10,277,910 8,644,967 9,284,293 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund Vehicle Replacement Fund Computer Replacement Risk Management Fund Totals 1,120,967 1,193,397 1,202,773 1,228,482 1,262~562 702,746 1,879,554 1,763,719 1,052,300 1A71,095 80,108 211,250 215,476 I47,150 209,450 4,304,03t 4,683,096 4,825,675 5,640,293 &482,626 6,207,852 7,967,297 8,007,643 8,068,225 9,125,733 VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY EXPENDITURES BY FUND 2002 2003 2003 2004 2005 Actual Budget Estimate Budget Forecast 1,825,156 2,071,900 2,064,222 2,226,120 1,795,805 1,988,650 2,049,006 2,267,030 36,323 13.118 13,118 FIDUCIARY FUNDS Police Pension Fund 2.306,080 Fire Pension Fund 2,315,345 Benefit Trust ~.2 Fund Totals 3,657,284 4.073.668 4.126,346 4,493,150 4,621,425 26,171,713 26171,713 23,641,875 (a) MOUNT PROSPECT LIBRARY BUDGET 5,103,851 · VILLAGE AND LIBRARY FUNDS ': : (a) Figures not available as of December 16, 2003. (b) Does not include the Mount Prospect Library. VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2004 Recommended ] Estimated 2004 2004 Estimated ..: Fund Balance Budget Budget Balance .Balance II 12/31/03 Revenues Expenditures 12/31/04 12/31/04']] GENERAL FUND 8,584,857 31,218,204 31.580.320 8,222.741 8,509,997 SPECIAL REVENUE FUNDS Refuse Disposal Fund Motor Fuel Tax Fund Local Law Enl. Block Grant Community Development Block Grnt Asset Seizure Fund DEA Shared Funds Fund DUI Fine Fund TOTAL 1,975,262 3,317,523 3,533,222 1.759,563 1,265,222 1,662,015 1,816,070 I,II 1,167 51,673 I 0,000 ] 2.524 49,149 (28) 550,450 · 550,450 (28) 40,798 7,700 7,000 41.498 55,969 12,000 4,700 63.269 10,643 10,100 3,000 17.743 3,399,539 5,569,788 5,926,966 3,042,361 917,047 440,688 1,357,735 DEBT SERVICES FUNDS G.O. Bonds - Property Taxes G.O. Bonds - Tax Increment G.O. Bonds- Home Rule Sales Tax l G.O. Bonds - Home Rule Sales Tax 2 Special Service Area Bonds TOTAL 217,779 1,979,962 2,019,966 177.775 339,306 413,989 1,008,000 912,075 509,914 547,173 (28,368) 1,100,276 1,499,168 (427,260) 712,799 (30,678) 1,097,926 1,496,000 (428,752) - 18,310 30,988 40,495 8.803 1,400 59t,032 5,217,152 5,967,704 (!59,520/ 1,600,678 CAPITAL PROJECTS FUNDS Capital Improvement Fund Series 2001 Project Fund Series 2003 Projec! Fund Capital Improve Const Fund Downtown Redevelop Const Fund Street Improvement Const Fund Flood Control Const Fund TOTAL 2,000,978 60,500 388,476 1,673.002 116,020 100,000 16,020 5,381,215 40,000 5,436,400 (15.185)~' (6,006) 440,077 1,477,098 (I,043.027) 1,106,924 1,500,165 2,525,730 81259 1,066,332 15,000 330,000 751.332 9,665,463 2,055,742 10,257,704 1.463.501 1,673,002 81,359 751,332 2,505,693 ENTERPRISE FUNDS Water and Soy, er Fund (a) Village Parking System Fund (a) Parking System Revenue Fund (a) TOTAL 2,594,497 8,246,940 8,364,817 166,102 t35,650 147,014 110,734 112,200 133,136 2,871,333 8,494,790 8,644,967 2,476 620 2,247,027 154,738 :.:: 39,568 89,798 i" 7' 34~479 2,721,156 .~. 2,32!,074 VILLAGE OF MOUNT PROSPECT 2004 BUDGET SUMMARY AVAILABLE FUND BALANCES 12-31-2004 Estimated 2004 2004 Estimated Balance Budget Budget Balance 12/31/03 Revenues Expenditures 12/31/04 Recommended Fund : Balance i2/31/04 INTERNAL SERVICE FUNDS Vehicle Maintenance Fund 321,574 1,228,529 1,228,482 32I ,621 Vehicle Replacement Fund (a) 5,055,911 1,045,548 1,052,300 5,049,159 Computer Replacement Fund (a) 568,114 227,906 147,150 648,870 Risk Management Fund 703,995 5.269,830 5,640,293 333,532 TOTAL 6,649,594 7,771,813 8,068,225 6,353,182 5,049,159 :i 648,870 ' L620,657 7,634,327 3,431,674 3,428,691 PENSION FUNDS (a) .: Police Pension Fund 32,587,746 2,226,120 33,793,300 ' 41,058,866 Fire Pension Fund 34,783,292 2,267,030 35,944,953 ". 41,445,957 Benefit TrusT #2 Fund (242) (242) ": .:..- TOTAL 67,370,796 6,860,365 4,493,150 69,738,011 .: 82,504,823 Totals - Village Funds 99,13Z614 67,187,854 74.939,036 91.381,432 : 106,434,327 Less: Pension Funds (b) t67.370.796) (6,860,365) (4,493,150) (69.738.011) (82,504,823) TOTAL AVAILABLE BALANCES 31,761,81S ' ~0,327~S9 70,145,886~'': :.;"2L643,42i 23,929,504 VILLAGE FUNDS MOUNT PROSPECT LIBRARY FUND 23,217.074 23,641,875 23,641,875 23,217,074 (C) TOTAL AVAILABLE BALANCES 54,978,892 !"'83,969,364 9~,08'~,761 .' 44:,8&01~95' ''': (C) VILLAGE & LH~RARY FUNDS ,' · (a) (b) (c) Estimated balances reflect cash and investment balance, not fund equity. Pension Funds are restricted for future pension benefits and do not constitute "Available Fund Balances." Not available December 16, 2003.