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Home My WebLink AboutT4-94 (2) Ordinance No. T4-94 AN ORDINANCE AMENDING THE 1994 BUDGET BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS : Section 1 . That the 1994 budget of the City of Elgin adopted in lieu of an appropriation ordinance be and is hereby amended in accordance with the schedule which is attached hereto and made a part hereof by reference. Section 2 . That this ordinance shall be in full force and effect from and after its passage. s/ Robert Gilliam Robert Gilliam, Mayor Pro Tem Presented: August 24 , 1994 Passed: August 24 , 1994 Omnibus Vote: Yeas 6 Nays 0 Recorded: August 25, 1994 Attest : s/ Dolonna Mecum Dolonna Mecum, City Clerk Ordinance T4-94 Ordinance Amending the 1994 Budget CITY OF ELGIN, ILLINOIS SUMMARY OF BUDGET AMENDMENTS FOR THE YEAR 1994 1994 AMENDED INCREASE/ Fund Dept. BUDGET BUDGET (DECREASE) General Fund (010) 01 Mayor/Council $79,335 $79,335 $0 02 City Clerk 112,155 112,155 0 03 Office of the City Mgr. 519,858 519,858 0 04 Purchasing 172,770 172,770 0 05 Legal 413,940 421,440 7,500 06 Human Resources 486,270 486,270 0 15 Planning 707,308 707,308 0 17 Properties 578,214 578,214 _ 0 18 Management Info. Serv. 374,645 0 (374,645) 19 Boards/Commissions 386,650 386,650 0 20 Finance 1,055,185 1,429,830 374,645 23 Police 11,480,462 11,480,462 0 24 Civil Defense 15,320 15,320 0 28 Fire 7,059,758 7,059,758 0 29 Code Admin. 1,450,667 1,450,667 0 33 Public Works 6,183,357 6,183,357 0 50 Parks and Recreation 2,806,968 2,806,968 0 54 Hemmens 894,920 894,920 0 69 Non-Departmental 676,160 676,160 0 TOTAL $35,453,942 $35,461,442 $7,500 AMENDED AMENDED • 1994 1994 INCREASE/ Fund Dept. BUDGET BUDGET (DECREASE) Special Revenue 201 Public Benefit Fund $295,040 $295,040 $0 210 Road and Bridge Fund 0 0 0 220 E911 Telephone System 908,295 908,295 0 230 CDBG 1,799,515 1,799,515 0 240 Spring Street Parking Dist. 60,030 60,030 0 250 Drug Asset Forfeiture 36,720 36,720 0 251 Auto Theft Task Force 137,635 137,635 0 260 S. Grove Special Tax Alloc. 160,000 385,000 225,000 261 Dundee Special Tax AIloc. 338,970 338,970 0 270 Fox Bluff Corp. Center 435,040 435,040 0 280 IL Municipal Retirement 3,842,305 3,842,305 0 290 Motor Fuel Tax 1,961,420 1,961,420 0 TOTAL $9,974,970 $10,199,970 $225,000 Debt Service 301 Corp. Bond Fund $5,879,795 $5,879,795 0 TOTAL $5,879,795 $5,879,795 $0 • AMENDED AMENDED 1994 1994 INCREASE/ Fund Dept. BUDGET BUDGET (DECREASE) Capital Improvement 340 Park Development Fund $353,410 $353,410 $0 350 Downtown Redevelopment 67,160 67,160 0 378 Tyler Creek 1,044,570 1,044,570 0 381 Area II Construction Fund 0 0 0 384 1986 GO Bond Project 0 0 0 385 Capital Improvements 186,000 186,000 0 386 1987 GO Bond Projects 56,030 56,030 0 387 Dundee Avenue TIF Bonds 0 0 0 388 1988 GO Bond Projects 76,700 76,700 0 390 1990 GO Bond Projects 867,015 867,015 0 391 1991 GO Bond Projects 60,000 60,000 0 392 1992 Bond Project 19,286,865 19,286,865 0 393 1993 GO Bond Projects 1,350,265 1,350,265 0 TOTAL $23,348,015 $23,348,015 $0 Enterprise Funds 401 Water Operating $9,491,725 $9,491,725 $0 410 Water Improvements 0 0 0 420 Water Development 226,065 226,065 0 430 Sewer Operating 1,768,000 1,768,000 0 440 Sewer Development 230,450 230,450 0 450 Parking Operating 128,440 128,440 0 l 455 Spring Street Prkg Ops. 140,970 140,970 0 501 Cemetery Operating 375,495 375,495 0 510 Cemetery Sinking Fund 2,905 2,905 0 520 Cemetery Perpetual Care 149,500 149,500 0 540 Golf Operating 873,050 873,050 0 543 Golf Improvements 44,430 44,430 O. 550 Sports Complex 236,005 236,005 0 TOTAL $13,667,035 $13,667,035 $0 r . _ AMENDED AMENDED 1994 1994 INCREASE/ Fund Dept. BUDGET BUDGET (DECREASE) Internal Service 601 Equipment Replacement 1,907,650 1,907,650 $0 630 Risk Management 5,881,445 5,976,445 95,000 TOTAL $7,789,095 $7,884,095 $95,000 Trust and Agency 701 Police Pension 2,632,575 2,632,575 $0 711 Fire Pension 2,730,925 2,730,925 0 . 720 Downtown Mall Trust 0 0 0 730 Working Cash Fund 0 0 0 745 SSA#4 Debt Service 0 0 0 801 Old Special Assessments 0 0 0 802 Northwest Sewer 0 0 0 807 Aller Street 0 0 0 813 Southeast Sewer 0 0 0 815 Grace Street 0 0 0 823 Washington/Lowrie 0 0 0 828 Centruy Oaks West Water Main 0 0 0 829 Highview Hills Watermain 0 0 0 830 Illinois Park Water Main 0 0 0 831 Downtown Mall Imprv. 0 0 0 832 Century Oaks Sewer 0 0 0 833 Airlite-Belmont Improvement 0 0 0 834 Area One improvements . 0 0 0 835 Larkin Ave Sanitary Sewer 0 0 0 836 Maple Street Water Main 0 0 0 837 Area Two Improvements 0 0 0 TOTAL $5,363,500 $5,363,500 SQ TOTAL GROSS EXPENDITURES $101,476,352 $101,803,852 $327,500 Less Interfund Transfers ($6,391,285) ($6,391,285) $0 m NET EXPENDITURES $95,085,067 $95,412,567 $327,500 c-s El • 1n Agenda Item No. r y August 18, 1994 TO: Mayor and Members of the City Council FROM: Richard B. Helwig, City Manager SUBJECT: Midyear Budget Amendment for Risk Management/South Grove Funds; MIS/Finance Department PURPOSE The purpose of this memorandum is to provide to the Mayor and City Council an amendment to the 1994 Budget Ordinance. BACKGROUND The City Council is , by statute, allowed to revise the cur- rent year' s adopted budget by a two-thirds majority vote. These amendments increase the expenditure cap for a fund or for a Department in the General Fund and have a means of financing identified for the revision. The Council adopted the first 1994 amendment in July. As part of the continual review of the budget, another amendment is described in this memorandum. Future amendments are not expected on a monthly basis but only on an as needed basis . FINANCIAL IMPACT General Fund: Law Department As presented to the City Council, preparation for bringing certain litigation to trial will require addi- tional expenditures ( $7 ,500) for preparation. A preliminary review of permit revenue to date (more detailed estimates for all revenues and expenditures are currently being developed by departments ) indicates the budgeted revenue for various fees can be increased to finance this change. Original Amended 1994 1994 Change Legal Department $413, 940 $421,440 + $7 ,500 Means of Financing (Permit Fees) $573, 500 $581, 000 + $7 ,500 'rinted on recycled paper Midyear Budget Amendment August 18, 1994 Page 2 FINANCE DEPARTMENT/MIS DIVISION The 1994 Budget was adopted with Management Information Services (MIS) as a separate department for the first time. Subsequent changes within the department have provided the opportunity to make MIS a divi- sion within the Finance Department. To provide continuity with prior years, it is proposed to again make the MIS budget a part of the Finance Department. Original Amended 1994 1994 Change Finance Department $1, 055, 185 $1,429 , 830 + $374 , 645 MIS 374 ,645 0 - 374 , 645 South Grove Special Tax Allocation Fund/Risk Management Fund: At the July 24 Committee of the Whole, the City Council ap- proved additional work at the South Grove TIF Development site. In order to complete this work (which is reimbursable from the State LUST program) , a loan from the Risk Management Fund was approved. This loan is being funded from Original Amended 1994 1994 Change South Grove Tax Allocation Fund Means of Financing (From Risk Mgmt) $ 0 $225, 000 + $225, 000 Expenditures (Misc . Services ) 110,000 335,000 + 225, 000 Original Amended 1994 1994 Change Risk Management Fund Means of Financing (LUST Reimbursements) $ 41, 000 $ 136 ,000 + 95, 000 Expenditures (Grove Remediation) $100, 000 $ 0 - $100, 000 (Contingencies) 821, 870 791, 870 - 30, 000 (Loan to S . Grove) 0 225, 000 + 225 ,000 NET $ 95, 000 LEGAL IMPACT None. RECOMMENDATION It is recommended that the Budget Amendment Ordinance be approved as presented. Midyear Budget Amendment August 18, 1994 Page 3 Respectfully submitted, Clay J. Pearson Budget/Public Information Officer Richard B. Helwic City Manager CJP:daw