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 17-287    Name:
Type: Ordinance Status: Passed
In control: President and Board of Trustees
On agenda: 12/11/2017 Final action: 12/11/2017
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, 2018 and Ending on the Thirty-First Day of December, 2018
Attachments: 1. FY18 Ordinance Budget Adoption V2, 2. FY18 Adopted Budget 121117, 3. Budget Memo 12-5-17

Submitted By                     

Steven Drazner, Finance Department

 

Reviewed By

CLP

 

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, 2018 and Ending on the Thirty-First Day of December, 2018

 

End

Overview

Overview

Public Hearings on the Truth in Taxation and the recommended FY2018 Budget were held on November 6, 2017 and November 20, 2017, respectively in addition to meetings of the Finance Committee and the Village Board.  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 FY18 Budget.

 

Body

Staff Recommendation

Approve the Ordinance.

 

Fiscal Impact

The Ordinance appropriates the Fiscal Year 2018 Budget.

 

Background

The final document presented as the FY18 Budget includes numerous schedules, narratives, graphs, and detailed financial information which provides legal authority for Village spending in fiscal year 2018.  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 FY18 Budget prior to December 31, 2017.

 

Previous Board Action

The Village Board approved the FY17 Budget at its meeting on December 5, 2016.

 

Citizen Advisory Commission Action

N/A.

 

Anticipated Future Actions/Commitments

N/A.

 

Intergovernmental Cooperation Opportunities

N/A.

 

Performance Management (MAP) Alignment

N/A