R-560 - 04/28/1992 - BUDGET - Resolutions Supporting Documents 'I
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VILLAGE OF OAK BROOK
1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS 60521-2255
708 990-3000
April 22, 1992
m MO TO: Village President and Board of Trustees
FRMS Stephen Barley, Village Manager
SUBJECT: Proposed 1992/93 Village Budget
REOOHMMATION: To approve the Village's Proposed 1992/93 Budget in the
amount of $21,302,962
Ap we have been discussing for the past two months, the Board should agree to
approve the proposed (tentative) budget. for fiscal year 1992/93 at its April
28, 1992 Basting. As you are aware, the Village must formally pass the annual
Appropriation ordinance and hold a public hearing within the first quarter of
our new fiscal year, to finalise the State's appropriation requirements and to
complete this yeast's formal budgetary procedures.
I suggest that we discuss the other funds which we have not been discussing,
i.e. the Water Fund, the Capital Projects Fund, the Debt Service Fund, tie
Police i Fire Pension Funds, and the MFT Fend. The Budget Message which I
prepared for you an part of the normal budget will provide you with the data
which explains these funds, however, I would like to make some brief comments
at the Board meeting wp the general public would be aware of soma. I
anticipate those cormonts taking more than 5-10 minutes, subject to your
questions.
If you have any questions, please do not hesitate to contact me.
Respectfully submitted,
Stephen r.,e
Village Manager
SB/tar:bu(p8)
NOTE:: Please bring your 1992/93 Budget Books
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7. ORDINANCES AND RESOLUTIONS:
CA. RESOLUTION NO. R-560 A RESOLUTION ADOPTING THE BUDC+'ET OF THE RES. R-560
VILLAGE OF OAK BROOK FOR FISCAL YEAR COMMENCING NAY 1 1992 AND 1992/93 AUM;ET
ENDING APRIL 30._1993:
The Village must formally pass the annual APproprtation Ordinance
and hold a public hearing within the first quarter of the new
fiscal year to finalize the State's appropriation requirements and
to complete this year's formal -budgetary procedures.
Village Manager Barley requested approval of the proposed
(tentative) budget for 92/93 with two (2) inclusions:
1. $17,110 for the Forest Glen restoration; and
2. $15,000 for the drainage problem at 35 Windsor Drive.
Village Manager Barley highlighted the Water Fund, Debt Service
Fund, Capital Projects Fund, Motor Fuel Tax Fund, and Police and
Fire Pension Fluids. He suggested appropriate action should be
taken in July when the sales tax revenue figures are available
from the State.
In conclusion, Village Manager Barley suggested if revenues do not
increase and the level of expenses are not reduced, the.Board
investigate the process for a Home Rule cammmaity.
Trustee Bartecki moved to pass Resolution No. R-560 with the two
(2) suggested inclusions. Seconded by Trustee Skinner. Roll Call
Vote:
Ayes: 6-Trustees Bartecki, Krafthefer, Payovich, Shumate,
Skinner and Winters.
Nays: 0-None. .
Absent: 0-None. Motion carried.
President Bushy commented in passing the proposed budget, the
Board should increase the Village utility tax to balance the
budget. Trustee Skinner concurred with this cent.
8. DEPARTMENTAL REPORTS - QUARTERLY REPORTS: QUARTERLY REPOR:
A. Ambulance F. Library
B. Engineering Department G. Planning & Zoning
C. Fire Department H. Police Department
D. Inspection Bureau I. Public Works
E. Legal Department J. Sports Core
All Departmental Quarterly Reports were discussed and accepted.
President Bushy thanked staff for their time spent on the reports.
VILLAGE OF OAK BROOK minutes 3 April 28, 1992
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