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S-1621 - 04/27/2021 - BUDGET - Ordinances THE VILLAGE OF OAK BROOK COOK AND DUPAGE COUNTIES, ILLINOIS ORDINANCE 2021-BU-AMEND-ND-S-1621 AN ORDINANCE AUTHORIZING AMENDMENTS AND TRANSFERS AMONG BUDGET LINE ITEMS THE VILLAGE OF OAK BROOK, ILLINOIS GOPAL G. LALMALANI, Village President CHARLOTTE K. PRUSS, Village Clerk JOHN BAAR PHILIP CUEVAS MICHAEL MANZO MOIN SAWED EDWARD TIESENGA ASIF YUSUF Village Board Published in pamphlet form by authority of the President and the Board of Trustees of the Village of Oak Brook on this the 27th day of April, 2021 Ordinance 2021-BU-AMEND-ND-S-1621 An Ordinance Authorizing Amendments and Transfers Among Budget Line Items Page 2 of 3 ORDINANCE 2021-BU-AMEND-ND-S-1621 AN ORDINANCE AUTHORIZING AMENDMENTS AND TRANSFERS AMONG BUDGET LINE ITEMS WHEREAS, the Village Manager has recommended an amendment to the 2021 Budget by increasing Hotel Tax Fund expenditures and Infrastructure Fund revenues for the transfer of accumulated hotel tax funds to fund for the Windsor Drive widening capital project;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 Hotel Tax Fund budget is amended by increasing the amounts in the following account: 1. Account 171-80200(Transfer Out/in),by$3,806,250. Section 3: The Infrastructure Fund budget is amended by increasing the amounts in the following account: 1. Account 41-48150(Transfer From Other Funds),by$3,806,250. 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Section 5: All ordinances or parts thereof in conflict with the provisions of this ordinance be and the same are hereby repealed to the extent of such conflict.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 2021-BU-AMEND-ND-S-1621 An Ordinance Authorizing Amendments and Transfers Among Budget Line Items Page 3 of 3 APPROVED THIS 27th day of April,2021. Gopal G.Lalmalani Village President PASSED THIS 27th day of April,2021. Ayes: Trustees Baar,Cuevas,Manzo,Saiyed,Tiesenga,Yusuf Nays: None Absent: None ATTEST: �QGt Of 04* Charlotte K.Pruss W Village Clerk 9C��OUNT11 \��`?