S-1548 - 09/11/2018 - BUDGET - Ordinances ORDINANCE 2018-BU-AMEND-S-1548
AN ORDINANCE AUTHORIZING AN AMENDMENT
TO THE 2018 BUDGET
WHEREAS, the Village Manager has recommended an amendment to the 2018 Budget by
increasing Golf Surcharge Fund and Sports Core Fund for the transfer of accumulated golf surcharge funds
to pay for Golf Club capital improvements; 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
amendment is hereby authorized:
Section 1: The recitals above are hereby incorporated into and made a part of this ordinance.
Section 2: The Golf Surcharge Fund and Sports Core Fund 2018 budget is amended to reflect
changes in the attached schedule, attached as"Exhibit A", by increasing as showing in the column labeled
"Amendment".
Section 3: This ordinance shall be in full force and effect from and after its passage and approval
as required by law.
Section 4: 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the same are hereby repealed to the extent of such conflict.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 11th day of September, 2018.
Gopal G. Lalmalani
Village President
PASSED THIS 11th day of September, 2018.
Ayes: Trustees Baar, Cuevas, Manzo, Tiesenga, Yusuf
Nays: None
Absent: Trustee Saiyed
f 041.
r/ Q ® ATTEST:
Charlotte K. Pruss
Village Clerk
QUINTI+`�
Ordinance 2018-BU-AMEND-S-1548
Authorizing An Amendment To
The 2018 Budget Page 2 of 2
EXHIBIT A
Exhibit A
Ordinance 2018-BU-AMEND-S-1548
2018 Original 2018 Revised
Fund Program Object Description Budget Budget Amendment
53 845 80200 Transfer Out/In $ - $ 285,500 $ 285,500
Total Golf Surcharge Fund $ - $ 285,500 $ 285,500
52 831 48150 Transfer From Other Funds $ - $ (285,500) $ (285,500)
52 831 90400 Structural Improvements 65,000 350,500 285,500
Total Sports Core Fund $ 65,000 $ 65,000 $ -