Regular Village Board meetings are held at 7:30 p.m., the first and third Mondays of each month in Council Chambers of Village Hall, 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, usually on the second and fourth Monday. However, dates and times of special meetings can vary and may change.

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File #: ORD 21-61    Name:
Type: Ordinance Status: Passed
In control: President and Board of Trustees
On agenda: 10/4/2021 Final action: 10/4/2021
Title: An Ordinance Amending the Fiscal Year 2021 Annual Budget
Attachments: 1. Budget Amendment Ordinance Q3 2021, 2. 0 Ordinance Budget Amendment Summary, 3. 0 Budget Amendment Detail

Submitted By                     

Steve Drazner, CFO                     

 

Reviewed By

AMZ

 

Agenda Item Title

Title

An Ordinance Amending the Fiscal Year 2021 Annual Budget

 

End

Overview

Overview

An ordinance is hereby presented to appropriate funds for FY21.  Continuously, staff evaluates all expenditures and certain adjustments must be made based on various circumstances.  On a quarterly basis (and sometimes more often if needed), these amendments are recommended to the Village Board for approval.

 

End

Recommendation

Recommendation

Adopt the Ordinance.

 

Fiscal Impact

A summary of the amendments presented for Board consideration by Fund are summarized are as follows:

 

General Fund                                                                                    $96,800

ARPA Fund                                                                                    $705,000

Parking Fund                                                                                    $25,971

 

TOTAL                                                                                                         $827,771

 

 

Please refer to the detailed budget amendment sheets attached to this agenda item for in-depth information on each of the amendments being recommended by staff for Board approval.

 

Background

The budget amendment presented with the agenda item consists of new money requests totaling $827,771 along with several budget reclassifications among various accounts which next out to zero. 

 

Of the new appropriations being requested, $705,000 is being requested to fund previously approved eligible programs using American Rescue Act funds.  The remainder of the $827,771 are from several small new funding requests as shown in the attached detail.

 

Alternatives

Additional information will be provided upon request.

 

Previous Board Action

Ordinance 21-55 was adopted on July 19, 2021

 

Citizen Advisory Commission Action

N/A

 

Anticipated Future Actions/Commitments

N/A

 

Intergovernmental Cooperation Opportunities

N/A