S-981 - 12/12/2000 - BUDGET - Ordinances Supporting Documentsv� OF 041.
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VILLAGE OF OAK BROOK
1200 OAK BROOK ROAD
OAK BROOK, ILLINOIS 60523 -2255
PHONE: 630 990 -3000
FAX: 630 990 -0876
W E B S I T E www.oak- brook.org
Date: December 4, 2000
To: Village President and Board of Trustees
From: Darrell Langlois j P /
Recommendation: That the Village President and Board of Trustees approve the
ordinance adopting the municipal budget for fiscal year 2001.
Attached is the ordinance adopting the 2001 budget for your approval. The; entire
ordinance includes a revenue exhibit, an expenditure exhibit, and a fund summary.
However, due to the length (over 100 pages), we have not included the expenditure
exhibit for each Board member. The format is the same as that found in the draft budget
document. The figures are as presented in the proposed budget document reviewed,by the
Board at the budget workshop on December 2, 2000.
Please feel free to contact me if you should have any questions.
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$4,000,000 General Fund Certificates, Series 2001, of the Village (
Oak Brook, Illinois," as presented and waive the full reading thereo
ROLL CALL VOTE:
Ayes: 5 - Trustees Butler, Craig, Kenny, McInerney and Savino.
Nays: 0 - None.
Absent: 1 - Trustee Caleel. Motion carried.
Mr. Norene was in attendance of the meeting to answer any questions
by the Village Board. He indicated the Aa2 rating by Moody was very'
favorable for the Village as to why the interest rate was so low for the
General Fund Certificates. President Bushy complimented the Village
Board for their fiscal responsibilities that the interest rates were so low.1
Y -A ORDINANCE #2000 -BU -EX3 -S -981, AN ORDINANCE ORD #00 -BU-
DOPTING THE BUDGET OF THE VILLAGE OF OAK' Ex3 -s -981
BROOK FOR 2001: 2001 BUDGET
The ordinance adopts the 2001 Municipal Budget. The entire
ordinance includes a revenue exhibit, an expenditure exhibit and a fund
summary. The figures were presented in the proposed budget
document reviewed by the Village Board at the Budget Workshop on
December 2, 2000.
Motion by Trustee McInerney, seconded by Trustee Kenny, to approve
Ordinance #2000 -BU -EX3 -S -981, "An Ordinance Adopting the Budget
of the Village of Oak Brook for 2001," as presented and waive the full'
reading thereof. ROLL CALL VOTE:
Ayes: 5 - Trustees Butler, Craig, Kenny, McInerney and Savino.
Nays: 0 - None.
Absent: 1 - Trustee Caleel. Motion carried.
President Bushy publicly commended Village Manager Veitch, Finance
Director Langlois and appropriate staff for their efforts in compiling the
Municipal Budget.
5) RESOLUTION #2000- SAP -EX2 -R -761, A RESOLUTION RES #00 -SAP-
APPROVING THE SALARY PLAN AND SALARY EX2 -R -761
ADMINISTRATION POLICY FOR NON - REPRESENTED 2001 SLRY
EMPLOYEES FOR 2001: NON -REP
The Salary Administration Policy provides that pay grades will'
normally be adjusted annually, effective on January 1 of each year,
with due consideration given to the change in the Consumer Price
Index ( "CPI ") for the Chicago- Gary-Lake Co. region, as published by
VILLAGE OF OAK BROOK Minutes Page 9 of 22 December 12, 2000
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