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 18-429    Name:
Type: Ordinance Status: Passed
In control: President and Board of Trustees
On agenda: 12/10/2018 Final action: 12/10/2018
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
Attachments: 1. FY19 Ordinance Budget Adoption, 2. Recommended Budget Dated 12.10.18

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