S-1218 - 12/11/2007 - BUDGET - Ordinances Supporting DocumentsG
CO U NZ��
•
I
I' 131 9.11, 1)
AGENDA ITEM
Regular Board of Trustees Meeting
of
December 11, 2007
SUBJECT: 2008 Municipal Budget
FROM: Darrell Langlois 4
BUDGET SOURCE/BUDGET IMPACT: 2008 Budget Ordinance
RECOMMENDED MOTION: I move that the Village Board adopt Ordinance 2007 -
BU -EX3 -S -1218, an Ordinance Adopting the Budget of the Village of Oak Brook for 2008.
Background/History:
On December 1, 2007 the Village Board held a Committee -of -the -Whole meeting to discuss the
draft 2008 Budget and 2008 -2012 Five -Year Financial Plan. It was the consensus of the Board
to place the draft 2008 Budget as presented on the agenda for the formal Public Hearing on
December 11, 2007, with formal consideration expected at the regular Village Board meeting
later that same evening.
Budget Ordinance S -1218 is attached for your review. Attached to the final ordinance will be a
fund summary, a revenue exhibit, and an expenditure exhibit. The fund summary and revenue
exhibit are included for the Board's review. However, due to the length (over 100 pages), we
have not included the expenditure exhibit for each Board member. The expenditure exhibit is a
computer generated report similar in format to the line item budget pages found in the draft
budget document.
Recommendation:
It is recommended that the Village Board adopt Ordinance 2007 -BU -EX3 -S -1218, an Ordinance
Adopting the Budget of the Village of Oak Brook for 2008.
pl *1
Last saved by Default J \2007budg&AGENDA ITEM doc
Last printed 12/5/2007 2 07 PM
ORDINANCE 2007- BU -EX3 -S -1218
AN ORDINANCE ADOPTING THE BUDGET OF THE
VILLAGE OF OAK BROOK FOR 2008
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 Findings
The President and Board of Trustees find that the tentative annual budget of the Village of Oak
Brook for 2008 has been conveniently available to public inspection for at least ten (10) days prior to its
passage,in pamphlet form as prescribed by the corporate authorities A public hearing has been held prior
to final action on the budget, notice of which hearing was given by publication in a newspaper having
general circulation in the Village of Oak Brook, said notice having been published at least one week prior
to the time of hearing The hearing on the budget was held not less than one week after the tentative
annual budget was published, by placing it on file with the Village Clerk for public inspection
Section 2 The sums set forth for the purposes indicated in the 2008 Municipal Budget of the
Village of Oak Brook attached hereto and made a part hereof are hereby budgeted to pay all necessary
expenses and liabilities of the Village of Oak Brook for the fiscal period beginning January 1, 2008 and
ending December 31, 2008
Section 3 The Village of Oak Brook hereby approves and adopts the 2008 Municipal Budget as
attached hereto
Section 4 In case of a vacancy in any office specified in this Ordinance, the Appointing Authority
shall not be required to fill such office, if, in his or her judgment or discretion, there is no necessity
therefore
Section 5 The 2008 Municipal Budget may be amended as provided by law
Section 6 This ordinance shall be in full force and effect from and after passage and approval
pursuant to law
APPROVED THIS 11th day of December, 2007
John W Craig
Village President
PASSED THIS 11th day of December, 2007
Ayes
Nays
Absent
Ordinance 2007- BU -EX3 -S -1218
Adopting 2008 Budget
Page 2 of 2
ATTEST
Charlotte K Pruss
Village Clerk