S-1279 - 03/09/2010 - BUDGET - OrdinancesORDINANCE 2010- BU -EXI -S -1279
AN ORDINANCE AUTHORIZING TRANSFERS
AMONG BUDGET LINE ITEMS
WHEREAS, the Village Manager has recommended certain transfers among budget line items in
the Annual Budget Ordinance passed for the fiscal year beginning January 1, 2010 and ending December
31, 2010, and certain transfers of sums of money in said Budget Ordinance from one object or purpose to
another object or purpose; and
WHEREAS, the Village President and Board of Trustees concur with and approve of the Village
Manager's recommendations.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS that the following
transfers are hereby authorized:
Section 1: The recitals above are hereby incorporated into and made a part of this ordinance
Section 2: In the attached schedule, attached as "Exhibit A ", the amounts shown in the column
titled "Transferred From" represent unexpended balances. The total of said amounts are hereby
transferred to the various items specified in the "Transferred To" column immediately opposite the items
specified in the "Transferred From" column.
Section 3: The Promenade Special Tax Allocation Fund budget is amended by increasing the
amount budgeted in account 283 - 80100, "Interest Expense ", by $50,000, which increase shall be funded
by this Fund's fund balance.
Section 4: This ordinance shall be in full force and effect from and after its passage and approval
as required by law.
Section 5: All ordinances or parts thereof in conflict with the provisions of this ordinance be and
the same are hereby repealed to the extent of such conflict.
APPROVED THIS 9th day of March, 2010. /
Jo y6%. Craig
196ge President
PASSED THIS 9'" day of March, 2010.
Ayes: Trustees Aktipis Moy, Saiyed, Wolin and Zannis
Nays: None
Absent: Trustee Cnrsnn
ATTEST:
Charlotte K. Pruss
Village Clerk
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