Submitted By
Steve Drazner, CFO
Reviewed By
AMZ
Agenda Item Title
Title
An Ordinance Amending the Fiscal Year 2021 Annual Budget
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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.
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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