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S-1311 - 05/24/2011 - BUDGET - OrdinancesORDINANCE 2011 -BU -S -1311 AN ORDINANCE AMENDING THE 2011 BUDGET WHEREAS, the 2011 Budget for the General Corporate Fund of the Village of Oak Brook included $387,500 for Firefighters' union retro pay increases; and WHEREAS, it is proposed that the funding for the firefighters' union contract settlement in the 2011 Budget year be amended for an additional $324,620 to incorporate the amount needed for the retro payout to the union firefighters. 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 amendment is hereby authorized: Section 1: The General Corporate Fund budget is amended by adding $85.522.79 to Account 700 -50000 (Full -Time salaries); $68,202.74 to Account 700 -50300 (Overtime); $6,846.76 to Account 700- 51400 (FICA); $164.047.71 to Account 700 -51300 (Fire Pension), the increase which shall be funded by the General Corporate's fund balance. Section 2: This ordinance shall be in full force and effect from and after its passage and approval as required by law. Section 3: All ordinances or parts thereof in conflict with the provisions of this ordinance be and the same are hereby repealed to the extent of such conflict.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 24th day of May, 2011. Gopal G. Lalmalani Village President PASSED THIS 24th day of May, 2011. Ayes: Trustees Aktipis, Manzo, Moy, Wolin, Yusuf and Zannis Nays: Absent: I\11:61i Charlotte K. Pruss Village Clerk