S-1489 - 03/28/2017 - BUDGET - Ordinances ORDINANCE 2017-BU-EX-S-1489
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, 2016 and ending December
31, 2016 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 Promenade TIF Fund budget is amended by increasing the amounts in the
following accounts:
1. Account 283-80700(Debt Principal), by$5,000
2. Account 283-80100 (Interest Expense) by$220
3. Account 283-77000 (Other Services) by$140
which increases shall be funded by this Fund's fund balance.
Section 4: This ordinance shall be in full force and effect from and after its passage and approval
as required by law.
Section 5: 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the same are hereby repealed to the extent of such conflict.
[SIGNATURE PAGE FOLLOWS]
Ordinance 2017-BU-EX1-S-1489
Authorizing Transfers Among Budget
Line Items Page 2 of 2
APPROVED THIS 28th day of March, 2017.
Gopal G. Lalmalani
Village President
PASSED THIS 28th day of March, 2017.
Ayes: Trustees Adler, Baar, Manzo, Mov, Tiesenga, Yusuf
Nays: None
Absent: None
ATTEST:
f
Charlotte K. Pruss
Village Clerk