S-1151 - 04/11/2006 - BUDGET - OrdinancesORDINANCE 2006- BU -EX1 -S -1151
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, 2005 and ending December
31, 2005, 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 Foreign Fire Insurance Tax Fund budget is amended by increasing the amount
budgeted in Account 729 -9010, "New Equipment ", by $8,210, the increase which shall be funded by this
Fund's fund balance.
Section 4: The Self- Insurance Fund budget is amended by increasing the amount budgeted in
account 133 -7080, "Health Claims ", by $203,700, the increase which shall be funded by this Fund's fund
balance.
Section 5: The Garage Fund budget is amended by increasing the amount budgeted in Account
341 -6030, "Gas & Oil ", by $25,400, the increase which shall be funded by this Fund's fund balance.
Section 6: This ordinance shall be in full force and effect from and after its passage and approval
as required by law.
Section 7: 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the same are hereby repealed to the extent of such conflict.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 11th day of April, 2006.
Kevin inlan
Villag President
Ordinance 2006-BU-EX1 -S-1 151
Authorizing Transfers Among Budget
Line Items Page 2 of 2
PASSED THIS 11th day of April, 2006.
Ayes: Trustees Craig Kennedy, Manofsky, Sanford and Yusuf
Nays: Trustee Aktipi
Absent: None
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ATTEST:
Linda K. Gonnella, CMC
Village Clerk