G-540 - 08/09/1994 - BUDGET - Ordinances ORDINANCE 94-BU-G- 540
AN ORDINANCE AMENDING SECTION 2-1 OF THE
CODE OF ORDINANCES OF THE
VILLAGE OF OAK BROOK, ILLINOIS
WHEREAS, on January 26, 1993, the corporate authorities heretofore
passed Ordinance G-500 which adopted the Municipal Budget Act pursuant to
Section 5/8-2-9.1 through and including Section 5/8-2-9.10 of Chapter 65 of
the Illinois Compiled States; and
WHEREAS the Village of Oak Brook wishes to amend Section 2-1. (d) by
revising the date that the Budget Officer, in conjunction with the Village
Manager, must submit the Municipal budget to the corporate authorities from
October 1st of each year to December 1st of each year; and
WHEREAS, it is in the best interests of the Village of Oak Brook that
this Ordinance be passed.
M1 NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows:
Section 1: That the provisions of the preamble hereinabove set forth
are hereby adopted as though fully set forth herein.
�. Section 2: That Section 2-1. (d) of the Code of Ordinances of the
Village of Oak Brook is amended to read as follows:
"(d) Compilation and contents of budget. On or before December 1
of each year the Budget Officer, in conjunction with the Village
Manager, shall submit to the corporate authorities an annual
Municipal budget, such budget to contain estimates of revenues
available to the Municipality for the fiscal year for which the
budget is drafted, together with recommended expenditures for the
Municipality and all of the Municipality's departments,
commissions and boards. Revenue estimates and expenditure
recommendations shall be presented in a manner which is in
conformity with good fiscal management practice and the Municipal
Budget Act. Each budget shall contain actual or estimated
revenues and expenditures for the two (2) years immediately
preceding the fiscal year for which the budget is prepared. Each
budget shall show the specific fund from which each anticipated
expenditure shall be made."
Section 3: That this ordinance shall be in full force and effect from
and after its passage, approval and publication as required by law.
Section 4: That the Village Clerk is hereby authorized and directed to
publish this ordinance in pamphlet form in the manner provided by law.
Ordinance 94-BU-G- 540
Amending Section 2-1
Page 2
PASSED THIS 9th day of August 1994.
Ayes: Trustees Bartecki, Kenny, Shumate and Skinner
Nays: None
Absent: Trust-P s McInerney and Payovich
Abstain:
APPROVED THIS 9th day of August 1994.
Village President
ATTEST:
ills e Clerk
Approved-as to Form:
Village Attorney
Published 8-10-94 Pamphlet form
Date Paper
Not Published