File #: 210253    Version: 1 Name: Ordinance Amending the Village's Fiscal Year 2021 Budget Ordinance to Distribute the 2019 and 2020 Revenues over Expenditures
Type: Ordinance Status: Passed
File created: 8/3/2021 In control: Village Board of Trustees
On agenda: Final action: 8/19/2021
Title: Ordinance Amending the Village's Fiscal Year 2021 Budget Ordinance to Distribute the 2019 and 2020 Revenues over Expenditures Ordinance providing for an increase of $3,019,489 to transfer $1,509,744.50 to both the Pension Stabilization Fund and the Building Fund. In addition an increase of $1,509,744.50 is needed to distribute funds from the Pension Stabilization Fund to IMRF ($301,948.90), Police Pension (603,897.80), and Fire Pension ($603,897.80). Waiver of first reading is requested. (2/3 vote of Corporate Authorities required, 5 of 7)
Attachments: 1. BOT-8-19-2021-LEG#210253.pdf, 2. Ordinance 7981 Amending FY2021 Budget to Distribute 2019 and 2020 Revenues over Expenditures.pdf, 3. Cover Page 210253.pdf

Title

Ordinance Amending the Village's Fiscal Year 2021 Budget Ordinance to Distribute the 2019 and 2020 Revenues over Expenditures

Ordinance providing for an increase of $3,019,489 to transfer $1,509,744.50 to both the Pension Stabilization Fund and the Building Fund.  In addition an increase of $1,509,744.50 is needed to distribute funds from the Pension Stabilization Fund to IMRF ($301,948.90), Police Pension (603,897.80), and Fire Pension ($603,897.80).  Waiver of first reading is requested. (2/3 vote of Corporate Authorities required, 5 of 7)

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