S-1028 - 12/10/2002 - BUDGET - Ordinances Supporting Documentsti QF 0
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DATE:
VILLAGE ®F OAK BROOK
Village Board Transmittal Memorandum
December 5, 2002
SUBJECT: 2003 Municipal Budget
FROM: Darrell Langlois , <
RECOMMENDATI ®N: That the Village Board approve the attached ordinance adopting the
municipal budget for fiscal year 200' ).
Attached is the ordinance adopting the 2003 budget for your approval. The entire ordinance includes a
revenue exhibit, an expenditure exhibit, and a fund summary. However, due to the length (over 100
pages), we have not included the expenditure exhibit for each Board member. The format is the same
as that found in the draft budget document. The figures are the same as those presented in the proposed
budget document reviewed by the Board at the budget workshop on November 25, 2002.
Please feel free to contact me if you should have any questions.
agenda item doc���
t
8 B. ORDINANCES & RESOLUTIONS:
) RDINANCE 2002 -BU -EX3 -S -1028, "AN ORDINANCE AD
THE BUDGET OF THE VILLAGE OF OAK BROOK FOR 2003"
The ordinance includes a revenue exhibit, an expenditure exhibit and a
fund summary. The figures are the same as those presented in the
proposed budget document reviewed by the Board at the Budget
Workshop on November 25, 2002.
Motion by Trustee Aktipis, seconded by Trustee Savino, that the Village
Board approve Ordinance 2002 -BU -EX3 -S -1028, "An Ordinance
Adopting the Budget of the Village of Oak Brook for 2003." ROLL
CALL VOTE:
Ayes: 6 - Trustees Aktipis, Caleel, Craig, Korin, Miologos and Savino.
Nays: 0 - None.
Absent: 0 - None. Motion carried.
ORD 02-BU- EX3 -S-
1028 ADPT 2003
BUDG
2) ORDINANCE 2002 -WA -G -707 "AN ORDINANCE AMENDING OPD 02-WA-G-707
ANIND CHPT 5 OF
CHAPTER 5 OF TITLE 8 OF THE VILLAGE CODE OF THE TITLE 8 -VIL CODE
VILLAGE OF OAK BROOK, ILLINOIS AND ADJUSTING WATER -ADJ wTR CHRGS
CHARGES"
At the Village Board meeting on November 26, 2002, authorization was
given to proceed with an automated meter reading program due to
NICOR no longer providing meter reading services for the Village.
Although the initial cost is substantial ($1.2 million), the Water Fund is
in the financial position to be able to absorb this large capital outlay and
still maintain an appropriate cash reserve.
In order to begin to recover the cost of this large capital outlay over
approximately 10 years, the 2003 -2007 Five -Year Financial Plan and
2003 Budget proposed an increase in the monthly service charge for
water from $5.00 to $7.00. Traditionally, the service charge component
of the Village's water rate structure has been used to recover the cost of
meter reading and billing since these activities have nothing to do with
the amount of water consumed. For this reason staff is recommending
adjusting the monthly service charge and not the consumption rate.
Trustee Craig stated he is against increasing the water rates because he
disagreed with the purchase of the water meters and will vote no as he
feels it is not a good time to make this type of expenditure.
VILLAGE OF OAK BROOK Minutes Page 7 of 17 December 10, 2002
par,
ORDINANCE 2002- BU- EX3 -S- 1028
ORDINANCE ADOPTING THE BUDGET OF THE
VILLAGE OF OAK BROOK FOR 2003
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF
OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows:
Section 1 * Findings:
That the President and Board of Trustees find that the tentative annual budget of the Village of
Oak Brook for 2003 has been conveniently available to public inspection for at least ten (10) days prior to
its passage in pamphlet form as prescribed by the corporate authorities. A public hearing has been held
prior to final action on the budget, notice of which hearing was given by publication in a newspaper having
general circulation in the Village of Oak Brook, said notice having been published at least one week prior
to the time of hearing. The hearing on the budget was held not less than one week after the tentative
annual budget was published, by placing it on file with the Village Clerk for public inspection.
Section 2: That the sums set forth for the purposes indicated in the 2003 Municipal Budget of the
Village of Oak Brook attached hereto and made a part hereof are hereby budgeted to pay all necessary
expenses and liabilities of the Village of Oak Brook for the fiscal period beginning January 1, 2003 and
ending December 31, 2003.
Section 3: That the Village of Oak Brook hereby approves and adopts the 2003 Municipal Budget
as attached hereto.
Section 4: That in case of a vacancy in any office specified in this Ordinance, the Appointing
Authority shall not be required to fill such office, if, in his or her judgment or discretion, there is no
necessity therefore.
Section b: That the 2003 Municipal Budget may be amended as provided by law.
Section 6: That this ordinance shall be in full force and effect from and after passage and
approval pursuant to law.
PASSED THIS 10th day of December, 2002.
Ayes: Trustees Aktipis, Caleel. Craig, Korin. Miologos and Savinn
Nays
None
Absent: None
Abstain. None
_ APPROVED THIS day of December, 2002.
0r 0 ~.
ATTEST'
Villa � e Clerk
9"
Approved as to Form:
J
Village Attorney
EX1 — Cash Summary
EX2 — Certified Estimate of Revenue
EX3 - Expenditures
Ordinance 2002 -BU- EX3 -S- 1028
Adopting the 2003 Budget
Page 2
6;!V� A 6
OF A!!5
Village President
Published
Date Paper
Not Published XK