S-1174 - 12/12/2006 - BUDGET - Ordinances Supporting Documents{{
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AGENDA ITEM
Regular Board of Trustees Meeting
of
December 12, 2006
SUBJECT: 2007 Municipal Budget
FROM: Darrell Langlois %
BUDGET SOURCE/BUDGET IMPACT: 2007 Budget Ordinance
RECOMMENDED MOTION: I move that the Village Board adopt Ordinance 2006 -
BU -EX3 -S -1174, an Ordinance Adopting the Budget of the Village of Oak Brook for 2007.
Background/History:
On October 25, 2006, the Village Board held a Committee -of- the -Whole meeting to discuss
priorities and major budget issues related to the 2007 Budget. Based on the consensus of the
Board at that meeting, the draft 2007 Budget and 2007 -2011 Five -Year Financial Plan were
finalized and were discussed at a second Committee -of -the Whole meeting on December 4,
2006. It was the consensus of the Board to place the draft 2007 Budget as presented on the
agenda for the formal Public hearing on December 12, 2006, with formal consideration expected
at the regular Village Board meeting later that same evening.
Budget Ordinance 5 -1174 is attached for your review. Attached to the final ordinance will be a
revenue exhibit, an expenditure exhibit, and a fund summary. The revenue exhibit and fund
summary 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 2006 -BU- EX3 -S -1174, an Ordinance
Adopting the Budget of the Village of Oak Brook for 2007.
Last saved by Default J \2007budget\AGENDA ITEM doc
Last printed 12/6/2006 11 59 AM