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, 2019 and Ending on the Thirty-First Day of December, 2019
End
Overview
Overview
A Public Hearings on the Proposed FY2019 Budget was held on November 5, 2018 in addition to several public meetings held to discuss the budget by the Finance Committee of the Village Board and the Full Village Board. This item is the final action for adoption of the FY19 Budget.
Body
Staff Recommendation
Approve the Ordinance.
Fiscal Impact
The Ordinance appropriates the Fiscal Year 2019 Budget.
Background
The final document presented as the FY19 Budget includes numerous schedules, narratives, graphs, and detailed financial information which provides legal authority for Village spending in fiscal year 2019. 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 Fiscal Year 2019 Budget prior to December 31, 2018.
Previous Board Action
The Village Board approved the FY18 Budget at its meeting on December 11, 2017.
Citizen Advisory Commission Action
N/A.
Anticipated Future Actions/Commitments
N/A.
Intergovernmental Cooperation Opportunities
N/A.
Performance Management (MAP) Alignment
N/A