S-1066 - 03/23/2004 - BUDGET - OrdinancesORDINANCE 2004- BU -EX1 -S -1066
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, 2003 and ending December
31, 2003, 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 Manager 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 Foreign Fire Insurance Tax Fund budget is amended by increasing the amount
budgeted in account 729 -7630, "Legal Services ", by $3,600, the increase which shall be funded by this
Fund's fund balance.
Section 4. The Garage Fund budget is amended by increasing the amount budgeted in account
341 -7160, "Maintenance Vehicles ", by $15,600, the increase which shall be funded by this Fund's fund
balance
Section 5 The Police Pension Fund budget is amended by increasing the amount budgeted in
account 291 -5310, "Pension Benefits ", by $14,100, the increases which shall be funded by this Fund's
fund balance
Section 6 The Firefighters' Pension Fund budget is amended by increasing the amount budgeted
in account 292 -5320, "Pension Refunds ", by $8,100, the increases which shall be funded by this Fund's
fund balance
Section 7 This ordinance shall be in full force and effect from and after its passage and approval
as required by law
Section 8 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the same are hereby repealed to the extent of such conflict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 23rd day of March , 2004
Ordinance 2004-BU-EX1 -S-1 066
Budget Line Item Transfers,
Page 2
PASSED THIS 23'd day of March , 2004
Ayes: Trustee Aktipis, Craig, Korin, Miologos and Yusuf
Nays
None
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