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 16-160    Name:
Type: Ordinance Status: Passed
In control: President and Board of Trustees
On agenda: 12/5/2016 Final action: 12/5/2016
Title: An Ordinance Adopting the Budget for All Corporate Purposes of the Village of Oak Park, Cook County, Illinois in Lieu of the Appropriation Ordinance for the Fiscal Year Commencing on the First Day of January, 2017 and Ending on the Thirty-First Day of December, 2017
Attachments: 1. FY17 Ordinance Budget Adoption, 2. Budget for Adoption 120516, 3. Estimated Revenues FY17

Submitted By                     

Steven Drazner, Finance Department

 

Reviewed By

LKS

 

Agenda Item Title

Title

An Ordinance Adopting the Budget for All Corporate Purposes of the Village of Oak Park, Cook County, Illinois in Lieu of the Appropriation Ordinance for the Fiscal Year Commencing on the First Day of January, 2017 and Ending on the Thirty-First Day of December, 2017

 

End

Overview

Overview

Public hearings and meetings on the Truth in Taxation and the proposed 2017 Budget were held on November 2, 2016 and November 21, 2016, respectively.  Pursuant to the Village Code, adequate public notices including the publishing and posting of legal notices and copies of the budget have been made available to the public. This item is the final action for adoption of the FY17 Budget. In addition, the Finance Committee of the Village Board and the Village Board held various meetings on the proposed budget.

 

Body

Staff Recommendation

Approve the Ordinance.

 

Fiscal Impact

The Ordinance appropriates the Fiscal Year 2017 Budget.

 

Background

The final document presented as the FY17 Budget includes numerous schedules, narratives, graphs, and detailed financial information which provides legal authority for Village spending in fiscal year 2017.  As in prior years, budget amendments may be brought forth for Board approval on a quarterly basis to adjust certain accounts as deemed necessary.

 

 

Alternatives

The Village Board is required to adopt the FY17 Budget prior to December 31, 2016.

 

Previous Board Action

The Village Board approved the FY16 Budget at its meeting on December 7, 2015.

 

Citizen Advisory Commission Action

N/A.

 

Anticipated Future Actions/Commitments

N/A.

 

Intergovernmental Cooperation Opportunities

N/A.

 

Performance Management (MAP) Alignment

N/A