Legislation Details

File #: 250218    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 6/9/2025 In control: Village Board of Trustees
On agenda: Final action: 6/19/2025
Title: Ordinance Amending the Village's Fiscal Year 2024 Budget Ordinance 2024 budget increase of $9,895,720 to the General Fund for the 2024 waterfall transfer to the Pension Stabilization Fund ($4,947,860) and transfer to the Building Reserve Fund ($4,947,860). Increase of $987,890 to Water and Sewer Operations and Maintenance Fund for purchased water, sewer treatment, meters, and wages. Increase of $867,570 to the Police Pension Fund and an increase of $693,160 to the Fire Pension Fund for pensioner payments and investment expenses. Waiver of first reading is requested. (2/3 vote of Corporate Authorities required)
Attachments: 1. BOT_6-19-25_Leg#250218_Ord Amending FY24 Budget, 2. Ordinance 8373 An Ordinance Amending Budge Ordinance
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
6/19/20251 Village Board of Trustees waived of first reading and passed on second reading with suspension of the rulesPass Action details Meeting details Video Video

Title

Ordinance Amending the Village's Fiscal Year 2024 Budget Ordinance

2024 budget increase of $9,895,720 to the General Fund for the 2024 waterfall transfer to the Pension Stabilization Fund ($4,947,860) and transfer to the Building Reserve Fund ($4,947,860).  Increase of $987,890 to Water and Sewer Operations and Maintenance Fund for purchased water, sewer treatment, meters, and wages.  Increase of $867,570 to the Police Pension Fund and an increase of $693,160 to the Fire Pension Fund for pensioner payments and investment expenses.  Waiver of first reading is requested.  (2/3 vote of Corporate Authorities required)

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