Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: ORD 16-107    Name:
Type: Ordinance Status: Passed
In control: President and Board of Trustees
On agenda: 9/6/2016 Final action: 9/6/2016
Title: An Ordinance Amending the Fiscal Year 2016 Annual Budget.
Attachments: 1. Budget Amendment Ordinance 0916, 2. 2016 Budget Amendment Summary 0916, 3. 2016 Budget Amendment Detail 0916

Submitted By                     

Steven Drazner, Chief Financial Officer

 

Reviewed By

LKS

 

Agenda Item Title

Title

An Ordinance Amending the Fiscal Year 2016 Annual Budget.

 

End

Overview

Overview

New appropriations are recommended when a reasonable operational need exists but was not contemplated in the original budget document.  The attached Ordinance contains budgets modifications which call for new funding as well as offsetting budget transfers from original adopted appropriations.  

 

 

Body

Staff Recommendation

Adopt the Ordinance                     

 

Fiscal Impact

The attached Ordinance recommends total budget amendments totaling $(476,905) in the following Funds: General, MFT, and Federal RICO.

 

 

Background

The proposed amendments relate to a variety of specific changes.  Detailed pages for each item are attached.  The largest amendment is a reduction in the Motor Fuel Fund inter-fund transfer out expense to the General Fund to better match projected MFT revenues for 2016.   In addition, there is an amendment in the Federal RICO Fund to permit the purchase of twenty portable AED units as well as an amendment reclassifying a position in the HR Department but without a requested increase in spending. 

 

 

Alternatives

Additional information will be provided upon request.                      

 

Previous Board Action

This is a special budget amendment for the 2016 budget.  A Quarter 3 amendment may still be presented in October if necessary.

 

Citizen Advisory Commission Action

N/A.

 

Anticipated Future Actions/Commitments

N/A.

 

Intergovernmental Cooperation Opportunities

N/A.

 

Performance Management (MAP) Alignment

N/A.