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S-1563 - 03/12/2019 - BUDGET - Ordinances Supporting DocumentsBOT AGENDA Page 1 BOARD OF TRUSTEES MEETING SAMUEL E. DEAN BOARD ROOM BUTLER GOVERNMENT CENTER 1200 OAK BROOK ROAD OAK BROOK, ILLINOIS 630-368-5000 AGENDA ITEM Regular Board of Trustees Meeting Of March 12, 2019 SUBJECT: 2019 Budget Amendment FROM: Jason Paprocki, Finance Director BUDGET SOURCE/BUDGET IMPACT: Amending the 2019 Budget for the General Fund account 621-90100 “New Equipment” for $196,350. RECOMMENDED MOTION: I move the Village Board adopt Ordinance 2019-BU-AMEND- S-1563 "An Ordinance Authorizing an Amendment to the 2019 Budget” for the purchase and installation of the Vigilant Fixed Site License Plate Recognition System. Background/History: During the course of a year, there are numerous situations that may arise that cause an account, program, or even a fund to exceed its budget. When this occurs, State statutes provide that the corporate authorities may make transfers from “one corporate object or purpose to another corporate object or purpose”. Additionally, statutes provide that the corporate authorities may delegate authority to heads of municipal departments to “delete, add to, change, or create sub - classes within object classes budgeted previously to the department with the approval of the budget officer or executive officer of the municipality”. The Village has defined a corporate object or purpose to be an individual program or fund. Sub-classes within object classes have been defined as accounts and categories within a budget program. The Village Board’s policy on Finance, Taxation, and Budget, prepared based on the previously mentioned statutes, outlines the following procedures for budget administration and how these variances are to be addressed: 1. That the Budget Officer, with the approval of the Village Manager, may authorize transfers of budgeted funds between accounts or between account categories within a single budget program. ITEM 6.C.2 BOT AGENDA Page 2 2. That any transfer of budgeted funds from one budget program to another shall be subject to approval by the Board of Trustees upon the recommendation of the Village Manager. 3. That any transfer from contingency shall be subject to approval by the Board of Trustees upon the recommendation of the Village Manager. 4. That any increase in the total appropriation within any fund shall be subject to approval by the Board of Trustees upon the recommendation of the Village Manager. An amendment to the 2019 Budget for $196,350 is required to fund the purchase and installation of the Vigilant Fixed Site License Plate Recognition System. The amendment will increase the total General Fund budget in account 621-90100 and is funded from the General Fund reserve balance. Recommendation: I recommend the Village Board adopt Ordinance 2019-BU-AMEND-S-1563 "An Ordinance Authorizing an Amendment to the 2019 Budget” for the purchase and installation of the Vigilant Fixed Site License Plate Recognition System. ORDINANCE 2019-BU-AMEND-S-1563 AN ORDINANCE AUTHORIZING AN AMENDMENT TO THE 2019 BUDGET WHEREAS, the Village Manager has recommended an amendment to the 2019 Budget by increasing the General Fund for the purchase of the Vigilant Fixed Site License Plate Recognition System; 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 2019 General Fund budget is amended by increasing the amount in account 621- 90100 by $196,350, to be funded from the 2019 General Fund reserve balance, for the purchase of the Vigilant Fixed Site License Plate Recognition System. 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. [SIGNATURE PAGE FOLLOWS] Ordinance 2019-BU-AMEND-S-1563 Authorizing An Amendment To The 2019 Budget Page 2 of 2 APPROVED THIS 12th day of March, 2019. Gopal G. Lalmalani Village President PASSED THIS 12th day of March, 2019. Ayes: Nays: Absent: ATTEST: Charlotte K. Pruss Village Clerk