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Home My WebLink AboutORDINANCE - 3062 - 12/13/2005 - TAX LEVY/2006 ENDING 2007ORDINANCE NO. 3062 AN ORDINANCE AUTHORIZING THE LEVY AND COLLECTION OF TAXES FOR THE CORPORATE AND MUNICIPAL PURPOSES OF THE VILLAGE OF ELK GROVE VILLAGE FOR THE FISCAL YEAR BEGINNING MAY 1, 2006 AND ENDING APRIL 30, 2007 NOW, THEREFORE, BE IT ORDAINED by the Mayor and Board of Trustees of the Village of Elk Grove Village, Couities of Cook and DuPage, Illinois: Section 1: That the sum of fourteen million five hundred twenty seven thousand four hundred eighteen dollars ($14,527,418) being the total amount to be levied from the approved budget heretofore made for the corporate and municipal purposes specified and herein, less the estimated revenue from sources other than general taxation, for the fiscal year beginning May 1, 2006 and ending April 30, 2007 be and the same is hereby levied on all taxable property within the Village of Elk Grove Village according to the valuation of said property as is, or as shall be assessed, or equalized by the State, for the current year 2005. The fiscal year 2006 budget was approved in accordance with sections 5/8-2- 9.1 to 5/8-2-9.10 of the Illinois Compiled Statutes (the Municipal Budget Act) by the Mayor and Board of Trustees of the Village of Elk Grove Village at a meeting regularly convened and held in the said Village of .Elk Grove Village, Illinois on the 12'h day of April, 2005. Publication of the tentative ,annual budget and notice of the public hearing relating there so was made April 1st, 2005, pursuant to Section 5/8-2-9.9 of Chapter 65 of the Illinois Compiled Statutes. The various objects and purposes for which said budgets were heretofore made are set forth under the column entitled "Amount Budgeted", and the specific amount hereby levied for each object and purpose is set forth under the column entitled "Amount Levied", as follows: Village of Elk Grove 2005 Tax levy Ordinance Amount Amount Budgeted Levied General Fund Mavor & Board Personal Services 326,338 40,551 Supplies 25,200 Communication 34,750 Professional Development 1192,480 Maintenance Service 1,025 Other Services & Charges 6+20,020 Operating Capital 1,1.99,813 Board and Commissions Personal Services 20,114 1,180 Supplies 335 Communication 14,000 Professional Development 375 Maintenance Service 425 Other Services & Charges 47,525 Operating Capital 82,774 Villaee Clerk Personal Services 187,820 22,651 Supplies 1,750 Communication 3,650 Professional Development 2,980 Maintenance Service 2,828 Other Services & Charges 7,100 Operating Capital 900 207,028 Village Manaeer Personal Services 849,792 Supplies 47,885 Communication 8,350 Professional Development ;19,435 Maintenance Service 2,060 Other Services & Charges 27,610 Operating Capital 1,100 9.' 6,232 Finance Denartment Personal Services 1,445,886 Supplies 12,530 Communication 117,590 Professional Development 11,425 Maintenance Service 73,455 Other Services & Charges 239,340 Operating Capital 56,183 105,840 184,939 Village of Elk Grove 2005 Tax: levy Ordinance Amount Amount Budgeted Levied Capital Replacement Pmts 14,642 Other Non -Operating 3,000 1,974,051 Fire Department Personal Services 9,715,859 3,503,374 Supplies 137,498 Communication 28,950 Professional Development ;65,331 Maintenance Service 113,825 Other Services & Charges 483,434 Operating Capital 121,784 Capital Replacement Pmts 2:33,649 Fixed Capital 3,000 10,923,330 Police Department 1,415,149 182,340 Personal Services 10,246,882 3,712,519 Supplies 182,385 Communication 45,435 Professional Development 131,460 Maintenance Service 57,495 Other Services & Charges 834,331 Operating Capital 464,795 Capital Replacement Pmts 39,520 12,002,303 Eneineerine & Community Development Personal Services 1,415,149 182,340 Supplies 15,710 Communication 8,424 Professional Development 4,605 Maintenance Service 10,165 Other Services & Charges 47,860 Operating Capital 13,505 1,515,418 Department of Public Works Personal Services 3,15:5,496 374,574 Supplies 353,100 Communication 1x,500 Professional Development 6,600 Maintenance Service 912,405 Other Services & Charges 461,580 Operating Capital 47,650 Capital Replacement Pmts 175,589 Fixed Capital 0,400. _ 5,133,320 Total General Corporate Fund 34,599,041 8,194,490 Note: Levy includes General Corporate Village of Elk Grove Fire Pension 2005 Tax levy Ordinance Police Pension Amount Amount IMRF Budgeted Levied Health Department 576,910 Personal Services :535,817 66,521 Supplies 22,955 Communication 5,760 Professional Development 5,330 Maintenance Service 1,800 Other Services & Charges 33,110 604,772 Total General Corporate Fund 34,599,041 8,194,490 Note: Levy includes General Corporate 4,858,770 Fire Pension 1,049,920 Police Pension 1,001,720 IMRF 707,170 FICA 576,910 Total 8,194,490 Emergency Management Fund Personal Services 63,666 Supplies 500 Communication 2,964 Professional Development 250 Maintenance Service 5,295 Capital Replacement Pmts 4,769 Total Emergency Management Fund 77,444 71,260 Elk Grove Public Library Personal Services 2,030,974 Supplies 123,825 Communication 43,000 Professional Development 77,670 Maintenance Service 108,680 Other Services & Charges 296,350 Operating Capital 879,319 Fixed Capital 45,000 Other Non -Operating 375,000 Total Library 3,939,818 Debt Service - General Obligation Bonds 3,437,280 GO Bonds - Series 2001 309,868 309,868 GO Bonds - Series 2002 551,894 551,894 GO Bonds - Series 2003A 1,008,618 1,008,618 GO Bonds - Series 2003B 954,008 954,008 Total Debt Service 2,824,388 2,824,388 Total Levy including Debt Service 41,440,691 14,527,418 Village of Elk Grove Summary of 2005 Tax Levy Total Corporate and Raised by Special Purpose Levies Tax Levy Total General Corporate Fund $ 4,858,770 Special Purpose Emergency Management Fund $ 71,260 Fire Pension Fund $ 1,049,920 Police Pension Fund $ 1,001,720 Illinois Municipal Retirement Fund $ 707,170 Employee Pension Plan FICA $ 576,910 Federal Insurance Contributions Act Elk Grove Library Fund $ 3,437,280 Total Special Purposes $ 6,844,260 TOTAL LEVY - EXCLUDING DEBT SERVICE $ 11,703,030 DEBT SERVICE 2001 GO Bonds - Principal & Interest $ 309,868 2002 GO Bonds - Principal & Interest $ 551,894 2003 A GO Bonds - Principal & Interest $ 1,008,618 2003 B GO Bonds - Principal & Interest $ 954,008 TOTAL DEBT SERVICE $ 2,824,388 TOTAL LEVY - INCLUDING DEBT SERVICE $ 14,527,418 Section 2: That this Levy Ordinance is adopted pursuant to the Illinois Municipal Code providing however, that any tax rate limitation or any other substantive limitations as to tax levies in the Illinois Municipal Code in conflict with the Ordinance shall not be applicable to this Ordinance as the Village of Elk Grove Village is a "Home Rule" municipality having a population in excess of 25,000, and elects to exercise all powers granted pursuant to Section 6, Article VII of the Constitution of the State of Illinois and particularly does not choose to be bound by any tax limitations contained in the Illinois Municipal code. Section 3: That this Levy Ordinance is adopted in full compliance with Public Act 82-102 known as the Truth -In -Taxation Act and amended by Public Act 86-957. Section 4: That the Village Clerk. is hereby ordered and directed to file a certified copy of the Ordinance with the County Clerks of Cook and DuPage Counties on or before the time required by law. Section 5: That this Ordinance shall take effect and be in full force and effect immediately on and after its passage and approval according to law. VOTE: AYES: 5 NAYS: 0 ABSENT: 1 PASSED this 13th day of December 2005. APPROVED this 13t1' day of December 2005. APPROVED: Mayor Craig B. Johnson Village of Elk Grove Village ATTEST: Ann I. Walsh, Village Clerk OrQ M Tu Levy Ordina=