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File #: 250218    Version: 1 Name:
Type: Ordinance Status: Separate Action-Waiver of First Reading
File created: 6/9/2025 In control: Village Board of Trustees
On agenda: Final action:
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
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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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