HomeMy WebLinkAboutOrd 6109 12/17/2013 Adopting an Annual Budget for 2013 in Lieu of Passage of an Appropriation OrdinanceORDINANCE NO. 6109
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT
PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2014 AND ENDING
DECEMBER 31, 2014 IN LIEU OF PASSAGE OF AN APPROPRIATION ORDINANCE
PASSED AND APPROVED BY
THE PRESIDENT AND BOARD OF TRUSTEES
The 17th day of December, 2013
Published in pamphlet form by
authority of the corporate authorities
of the Village of Mount Prospect, Illinois
the 18th day of December, 2013.
ORDINANCE NO. 6109
AN ORDINANCE ADOPTING AN ANNUAL BUDGET FOR THE VILLAGE OF MOUNT
PROSPECT FOR THE FISCAL YEAR COMMENCING JANUARY 1, 2014 AND ENDING
DECEMBER 31, 2014 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, 2014 and
ending December 31, 2014, 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 11, 2013 for public inspection, as provided by
Statute; and
WHEREAS, pursuant to notice duly published on December 6, 2013, a public hearing was held by the President and Board
of Trustees on said tentative annual budget on December 17, 2013, 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, 2014 and
ending December 31, 2014, 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, 2014 and ending December 31, 2014, 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, Korn, Matuszak, Polit, Rogers, Zadel
NAYS: None
ABSENT: None
PASSED AND APPROVED this 17' day of December, 2013.
ATTEST:
Arlene A. Juracek, Mayor
M. Lisa Angell, Village Clerk
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
TOTAL VILLAGE BUDGET
2012 2013 2013 2014 2015
Actual Budget Estimate Budget Forecast
REVENUES AND OTHER SOURCES
Property Taxes
19,985,909
20,653,068
20,523,668
21,454,466
22,351,664
Other Taxes
12,749,217
12,784,000
13,259,200
14,003,500
14,391,000
Licenses, Permits & Fees
2,910,171
2,720,000
2,727,000
2,683,000
2,797,000
Intergovernmental Revenue
19,014,649
19,828,297
19,332,850
19,709,307
19,992,009
Charges for Services
23,507,279
24,246,914
25,741,929
27,317,978
29,487,058
Fines & Forfeits
690,434
686,750
748,100
648,100
648,100
Investment Income
9,038,765
4,578,500
6,411,582
6,617,900
6,933,900
Reimbursements
354,125
305,000
304,000
234,000
238,000
Other Revenue
7,974,360
9,117,768
9,045,671
9,563,966
9,844,164
Other Financing Sources
5,488,113
50,000
9,860,000
6,580,000
80,000
Village Revenues & Other Sources
101,713,022
94,970,297
107,954,000
108,812,217
106,762,895
Mount Prospect Library Revenues
10,146,683
10,139,456
10,139,456
10,413,179
(a)
Total Revenues & Other Sources
111,859,705
105,109,753
118,093,456
119,225,396
106,762,895
BUDGET EXPENDITURES
Village Operating Budget
57,189,268
61,144,472
60,549,220
61,975,624
64,133,187
Village Capital Budget
7,768,337
18,293,124
15,325,418
32,454,030
18,157,248
Debt Services Budget
5,388,695
2,405,477
2,451,995
3,328,500
3,280,718
Pension Systems Budget
7,658,623
7,988,558
8,027,456
8,319,878
8,556,456
Internal Services Budget (b)
8,997,227
9,883,496
9,246,033
9,982,670
10,371,665
Business District Fund
414,587
637,232
1,357,220
923,100
943,000
Village Expenditures
87,416,737
100,352,359
96,957,342
116,983,802
105,442,274
Mount Prospect Library Expenditures
9,411,009
10,139,456
10,139,456
10,413,179
(a)
Total Expenditures
96,827,746
110,491,815
107,096,798
127,396,981
105,442,274
CHANGES IN FUND BALANCE
Excess (Deficiency) of Revenues &
Other Sources Over Expenditures (c)
15,031,959
(5,382,052)
10,996,658
(8,171,585)
1,320,621
Fund Balance
Start of Budget Year
125,903,580
140,935,539
140,935,539
151,932,197
143,760,612
End of Budget Year
140,935,539
135,553,477
151,932,197
143,760,612
145,081,233
Less: Pension Fund Balances (d)
(96,156,206)
(99,091,767)
(100,868,979)
(105,997,768)
(111,608,332)
Mt Prospect Library Fund Balance
(6,117,605)
(6,117,605)
(6,117,605)
(6,117,605)
(6,117,605)
Available Fund Balance
38,661,728
30,344,105
44,945,613
31,645,239
27,355,296
(a) Not available as of December 17, 2013.
(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 2015 Forecast.
(d) Pension Fund Balances are reserved for pension benefits and not available for appropriation.
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY REVENUE TYPE
2012 2013 2013 2014 2015
Actual Budget Estimate Budget Forecast
VILLAGE REVENUES BY TYPE:
Property Taxes
19,985,909
20,653,068
20,523,668
21,454,466
22,351,664
Other Taxes
12,749,217
12,784,000
13,259,200
14,003,500
14,391,000
Licenses, Permits & Fees
2,910,171
2,720,000
2,727,000
2,683,000
2,797,000
Intergovernmental Revenue
19,014,649
19,828,297
19,332,850
19,709,307
19,992,009
Charges For Services
23,507,279
24,246,914
25,741,929
27,317,978
29,487,058
Fines & Forfeits
690,434
686,750
748,100
648,100
648,100
Investment Income
9,038,765
4,578,500
6,411,582
6,617,900
6,933,900
Reimbursements
354,125
305,000
304,000
234,000
238,000
Other Revenue
7,974,360
9,117,768
9,045,671
9,563,966
9,844,164
96,224,909
94,920,297
98,094,000
102,232,217
106,682,895
OTHER FINANCING SOURCES
Financing Sources 5,488,113 50,000 9,860,000 6,580,000 80,000
5,488,113 50,000 9,860,000 6,580,000 80,000
TOTAL VILLAGE REVENUES AND OTHER
SOURCES 101,713,022 94,970,297 107,954,000 108,812,217 106,762,895
MOUNT PROSPECT LIBRARY REVENUES 10,146,683 10,139,456 10,139,456 10,413,179 (a) I
TOTAL REVENUES AND OTHER SOURCES 111,859,705 105,109,753 118,093,456 119,225,396 106,762,895
VILLAGE AND LIBRARY (b)
CHANGES IN FUND BALANCE
Total Revenues & Other Sources 111,859,705 105,109,753 118,093,456 119,225,396 106,762,895
Total Expenditures 96,827,746 110,491,815 107,096,798 127,396,981 105,442,274
Additions to(Use of) Fund Balances 15,031,959 (5,382,062) 10,996,658 (8,171,585) 1,320,621
ANALYSIS OF CHANGES IN FUND BALANCE
Additions to (Use of) Pension Fund 7,514,082 2,935,561 4,712,773 5,128,789 5,610,564
Balances
Additions to (Use of) Other Fund Balances 7,517,877 (8,317,623) 6,283,885 (13,300,374) (4,289,943)
15,031,959 (5,382,062) 10,996,658 (8,171,585) 1,320,621
(a) Figures not available as of December 17, 2013.
(b) Does not include the Mount Prospect Public Library 2015 Forecast.
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
BUDGET EXPENDITURES
2012 2013 2013 2014 2015
Actual Budget Estimate Budget Forecast
VILLAGE OPERATING BUDGET
PUBLIC REPRESENTATION 509,625 592,786 578,268 610,821 621,772
VILLAGE ADMINISTRATION 3,096,310 3,280,400 3,129,146 2,906,749 3,094,840
FINANCE DEPARTMENT 1,505,295 1,749,017 1,755,989 1,846,374 1,886,141
COMMUNITY DEVELOPMENT DEPARTMENT
Community Development 2,065,752 2,244,275 2,233,752 2,293,024 2,339,676
CDBG 284,781 517,909 416,409 353,202 295,243
2,350,533 2,762,184 2,650,161 2,646,226 2,634,919
HUMAN SERVICES DEPARTMENT 1,086,049 1,062,725 1,058,108 1,084,236 1,109,629
PUBLIC SAFETY AND PROTECTION
Police Department 15,317,690 15,902,752 15,846,319 16,551,651 17,088,841
Fire Department 11,956,878 1.2,631,650 12,673,081 12,904,287 13,309,321
27,274,568 28,534,402 28,519,400 29,455,938 30,398,162
PUBLIC WORKS DEPARTMENT
Administration
1,309,312
1,482,775
1,483,747
1,466,143
1,494,977
Streets /Buildings
2,287,938
2,653,909
2,637,332
2,783,469
2,901,221
Forestry and Grounds
1,786,795
1,789,742
1,788,600
1,820,678
1,865,498
Engineering
1,329,617
1,450,900
1,440,602
1,474,772
1,508,133
Refuse Disposal
4,261,889
4,474,769
4,440,277
4,521,273
4,734,036
Water and Sewer Division
10,064,659
10,673,951
10,547,564
10,852,153
11,548,903
Parking
322,464
541,602
338,102
506,792
334,956
21,362,674
23,067,648
22,676,224
23,425,280
24,387,724
EMERGENCY EVENTS 4,214 95,310 181,924
TOTAL OPERATING BUDGET 57,189,268 61,144,472 60,549,220 61,975,624 64,133,187
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
BUDGET EXPENDITURES
2012 2013 2013 2014 2015
Actual Budget Estimate Budget Forecast
VILLAGE CAPITAL BUDGET
Capital Improvement Plan 4,183,043 14,126,043 11,628,158 27,641,028 13,621,069
Other Capital Fund Expenditures 3,585,294 4,167,081 3,697,260 4,813,002 4,536,179
7,768,337 16,293,124 15,325,418 32,454,030 18,157,248
DEBT SERVICE BUDGET 5,388,695 2,405,477 2,451,995 3,328,500 3,280,718
PENSION SYSTEMS BUDGET
Miscellaneous Pensions
46,003
46,151
46,151
46,301
46,456
Police Pensions
3,802,083
3,993,416
3,964,825
4,099,816
4,224,400
Fire Pensions
3,810,537
3,948,991
4,016,480
4,173,761
4,295,600
7,658,623
7,988,558
8,027,456
8,319,878
8,556,456
VILLAGE INTERNAL SERVICES BUDGET
Vehicle Maintenance 2,006,793 2,153,304 2,153,304 2,152,732 2,199,816
Risk Management 6,990,434 7,730,192 7,092,729 7,829,938 8,171,849
8,997,227 9,883,496 9 9,982,670 10,371,665
BUSINESS DISTRICT FUND 414,587 637,232 1,357,220 923,100 943,000
TOTAL VILLAGE EXPENDITURES 87,416,737 100,352,359 96,957,342 116,983,802 105,442,274
MOUNT PROSPECT LIBRARY BUDGET 9,411,009 10,139,456 10,139,456 10,413,179 (a)
TOTAL- BUDGET EXPENDITURES (b) 96,827,746 110,491,815 107,096,798 127,396,981 105,442,274
(a) Figures not available as of December 17, 2013,
(b) Does not include the Mount Prospect Public Library 2015 Forecast.
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY FUND
2012 2013 2013 2014 2015
Actual Budget Estimate Budget Forecast
GENERAL FUND 42,617,722 44,321,998 43,712,618 45,814,066 46,788,664
DEBT SERVICE FUND 5,393,138 2,406,614 2,440,574 3,336,937 3,287,674
CAPITAL PROJECT FUNDS
Capital Improvement Fund
Series 2009 Construction Fund
Downtown Redevelopment Construct
Street Improvement Construc Fund
Flood Control Construction Fund
1,208,064
1,140, 500
1,572,600
1,257,000
1,317,000
-
-
50
-
1,296,100
2,751,190
2,682,000
2,701,000
2,672,000
2,809,000
1,572,398
1,550,500
1,659,100
9,608,100
3,674,100
3,201,032
685,644
10,480,026
289,968
417,992
8,732,684
6,058,644
16,412,776
13,827,068
8,218,092
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
4,471,487
4,458,500
4,544,600
3,626,500
3,898,500
1,600,102
1,705,100
1,538, 241
1,296,100
1,296,100
284,780
517,909
416,409
353,202
295,243
1,107
3,100
10,100
2,100
2,100
10
1,100
200
200
200
27,971
20,100
20,100
20,100
20,100
67,114
55,000
70,300
71,000
71,000
771,512
671,000
923,100
943,100
986,100
7,224,083
7,431,809
7,523,050
6,312,302
6,569,343
ENTERPRISE FUNDS
Water and Sewer Fund
Village Parking System Fund
Parking System Revenue Fund
12,477,464
12, 220,000
13, 687,100
14, 385,100
15,464,100
158,253
126,100
133,700
131,700
151,700
166,756
200,500
202,100
202,100
182,100
12, 802,473
12, 546, 600
14,022,900
14,718, 900
15,797,900
INTERNAL SERVICE FUNDS
Vehicle Maintenance Fund
Vehicle Replacement Fund
Computer Replacement Fund
Risk Management Fund
2,011,883
2,193,313
2,193,513
2,138,317
2,199,816
1,271,495
1,462,850
1,471,600
1,421,300
1,421,300
542
1,000
1,700
24,088
148,060
6,532,300
7,669,501
7,481,191
7,816,873
8,211,482
9,816,220
11,326,664
11,148, 004
11, 400, 578
11, 980, 658
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
REVENUES AND OTHER SOURCES BY FUND
2012 2013 2013 2014 2015
Actual Budget Estimate Budget Forecast
FIDUCIARY FUNDS
Police Pension Fund 7,947,587 5,690,721 6,980,331 7,158,124 7,504,284
Fire Pension Fund 7,179,115 5,187,247 5,713,747 6,244,242 6,616,280
15,126,702 10,877,968 12,694,078 13,402,366 14,120,564
TOTAL REVENUES & OTHER SOURCES - 101,713,022 94,970,297 107,954,000 108,812,217 106,762,895
VILLAGE FUNDS
MOUNT PROSPECT LIBRARY FUND 10,146,683 10,139,456 10,139,456 10,413,179 (a) 1
TOTAL REVENUES & OTHER SOURCES - 111,859,705 105,109,753 118,093,456 119,225,396 106,762,895
VILLAGE & LIBRARY FUNDS (b)
(a) Figures not available as of December 17, 2013.
(b) Does not include the Mount Prospect Public Library 2015 Forecast.
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
EXPENDITURES BY FUND
2012 2013 2013 2014 2015
Actual Budget Estimate Budget Forecast
GENERAL FUND 41,858,275 44,949,626 44,802,684 45,814,066 47,384,949 1
DEBT SERVICE FUND 5,388,695 2,405,477 2,451,995 3,328,500 3,280,718
CAPITAL PROJECT FUNDS
Capital Improvement Fund
Series 2009 Construction Fund
Downtown Redevelopment Construct
Street Improvement Construc Fund
Flood Control Construction Fund
796,792 2,664,102 2,229,702 1,696,247 3,849,067
2,683,958
3,292,521
2,922,390
3,121,962
3,082,920
1,233,027
1,565,850
1,307,500
9,973,880
3,175,550
47,965
3,355,950
2,802,100
10,811,000
186,000
4,761,742
10,878,423
9,261,692
25,603,089
10,293,537
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
4,261,889
4,474,769
4,440,277
4,526,273
4,734,036
1,427, 027
1,830, 366
1,774,366
1,551,900
1,599, 737
284,781
517,909
416,409
353,202
295,243
14,627
21,500
12,000
19,000
19,000
-
5,000
-
2,000
2,000
16,671
27,700
10,200
11,000
11,000
10,799
28,500
25,500
30,500
30,500
9,368
836
835
414,587
637,232
1,357,220
923,100
943,000
6,439,749
7,543,812
8,036,807
7,416,975
7,634,516
ENTERPRISE FUNDS
Water and Sewer Fund
Village Parking System Fund
Parking System Revenue Fund
11,129,939
14,869,116
13,880,564
14,131,653
16,005,583
147,150
296,350
192,850
306,760
206,267
198,564
295,252
195,252
250,032
178,689
11, 475, 653
15, 460, 718
14,268,666
14, 688, 445
16, 390, 539
INTERNAL SERVICE FUNDS
Vehicle Maintenance Fund
Vehicle Replacement Fund
Computer Replacement Fund
Risk Management Fund
2,006,793
2,153,304
2,153,304
2,152,732
2,199,816
715,699
1,027,200
673,160
1,614,000
1,155,000
162,128
246,200
230,000
247,480
406,350
6,995,383
7,745,192
7,097,729
7,844,938
8,186,849
9,880,003
11,171,896
10,154,193
11,859,150
11,948,015
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
EXPENDITURES BY FUND
2012 2013 2013 2014 2015
Actual Budget Estimate Budget Forecast
FIDUCIARY FUNDS
Police Pension Fund 3,802,083 3,993,416 3,964,825 4,099,816 4,224,400
Fire Pension Fund 3,810,537 3,948,991 4,016,480 4,173,761 4,285,600
7,612,620 7,942,407 7,981,305 8,273,577 8,510,000
TOTAL EXPENDITURES -VILLAGE FUNDS 87,416,737 100,352,359 96,957,342 116,983,802 105,442,274
L OUNT PROSPE LIBRARY FUND 9,411,009 10,139,456 10,139,456 10,413,179 (a) '
TOTAL EXPENDITURES - VILLAGE AND 96,827,746 110,491,815 107,096,798 127,396,981 105,442,274
LIBRARY FUNDS (b)
(a) Figures not available as of December 17, 2013.
(b) Does not include the Mount Prospect Public Library 2015 Forecast.
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
AVAILABLE FUND BALANCES /NET ASSETS 12131/2014
Estimated
2014
2014
Estimated
Recommended
Balance
Budget
Budget
Balance
Balance
1/1/2014
Revenues
Expenditures
12/31/2014
12/31/2014
CAPITAL PROJECT FUNDS
GENERAL FUND
10,376,113
45,814,066
45,814,066
10,376,113
9,476,990
Series 2009 Construction Fund
36,908
-
-
36,908
159,974
Downtown Redevelopment Construct
1,140,730
2,672,000
3,121,962
690,768
52,950
DEBT SERVICE FUND
124,396
3,336,937
3,328,500
132,833
1,126,617
Flood Control Construction Fund
11,182,214
289,968
10,811,000
661,182
147,250
CAPITAL PROJECT FUNDS
Capital Improvement Fund
1,631,120
1,257,000
1,696,247
1,191,873
462,151
Series 2009 Construction Fund
36,908
-
-
36,908
159,974
Downtown Redevelopment Construct
1,140,730
2,672,000
3,121,962
690,768
52,950
Street Improvement Construc Fund
686,042
9,608,100
9,973,880
320,262
666,825
Flood Control Construction Fund
11,182,214
289,968
10,811,000
661,182
147,250
DUI Fine Fund
14,677,014
13,827,068
25,603,089
2,900,993
1,329,176
SPECIAL REVENUE FUNDS
Refuse Disposal Fund
2,323,974
3,626,500
4,526,273
1,424,201
473,404
Motor Fuel Tax Fund
273,345
1,296,100
1,551,900
17,545
159,974
Cmmty Development Block Grant
-
353,202
353,202
-
-
Asset Seizure Fund
38,579
2,100
19,000
21,679
21,679
DEA Shared Funds Fund
5,119
200
2,000
3,319
3,319
DUI Fine Fund
65,331
20,100
11,000
74,431
74,431
Foreign Fire Tax Board Fund
269,793
71,000
30,500
310,293
310,293
Business District Fund
-
943,100
923,100
20,000
20,000
2,976,141
6,312,302
7,416,975
1,871,468
1,063,100
ENTERPRISE FUNDS (a)
Water and Sewer Fund
6,528,511
14,385,100
14,131,653
6,781,958
1,928,667
Village Parking System Fund
272,402
131,700
306,760
97,342
26,097
Parking System Revenue Fund
(225,778)
202,100
250,032
(273,710)
29,841
Risk Management Fund
6,575,135
14,718,900
14,688,445
6,605,590
1,984,605
INTERNAL SERVICE FUNDS (a)
Vehicle Maintenance Fund
561,605
2,138,317
2,152,732
547,190
547,190
Vehicle Replacement Fund
7,327,326
1,421,300
1,614,000
7,134,626
7,134,626
Computer Replacement Fund
481,705
24,088
247,480
258,313
258,313
Risk Management Fund
1,846,178
7,816,873
7,844,938
1,818,113
1,688,795
10,216,814
11,400,578
11,859,150
9,758,242
9
(a) Estimated balances reflect unrestricted net assets only,
VILLAGE OF MOUNT PROSPECT
2014 BUDGET SUMMARY
AVAILABLE FUND BALANCES /NET ASSETS 12/31/2014
Estimated
2014
2014
Estimated
Recommended
Balance
Budget
Budget
Balance
Balance
1/1/2014
Revenues
Expenditures
12/31/2014
12/31/2014
FIDUCIARY FUNDS (b)
Police Pension Fund 51,938,157 7,158,124 4,099,816 54,996,465 90,391,614
Fire Pension Fund 48,930,822 6,244,242 4,173,761 51,001,303 80,246,045
100,868,979 13,402,366 8,273,577 105,997,768 170,637,659
TOTAL- VILLAGE FUNDS 145,814,592 108,812,217 116,983,802 137,643,007 195,247,071
Less: Fiduciary Funds (b) (100,868,979) (13,402,366) (8,273,577) (105,997,768) (170,637,659)
TOTAL AVAILABLE BALANCES VILLAGE 44 945,613 95,409,851 108,710,225 31,645,239 24,609,412
FUNDS
MOUNT PROSPECT LIBRARY FUND 6,117,605 10,413,179 10,413,179 6,117,605 6,117,605
TOTAL AVAILABLE BALANCES VILLAGE & 51,063,218 105,823,030 119,123,404 37,762,844 30,727,017
LIBRARY FUNDS
(b) Fiduciary Funds are restricted for future pension benefits and do not constitute "Available Fund Balances."