R-1660 - 09/12/2017 - BUDGET - Resolutions RESOLUTION 2017-FI-GOLF-FUND-R-1660
A RESOLUTION TO CREATE A NEW FUND FOR THE GOLF SURCHARGE
WHEREAS, the Village collects a golf surcharge fee that is accumulated in the Sports Core Fund;
and
WHEREAS, the Village desires to keep the accumulated golf surcharge funds separate from the
operations of the Sports Core Fund; and
WHEREAS, the President and Board of Trustees have determined that it is in the best interest of
the Village to create a new Golf Surcharge Fund.
NOW THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF OAK BROOK, DU PAGE AND COOK COUNTIES, ILLINOIS as follows:
Section 1: Recitals. The Village of Oak Brook establishes a new enterprise fund titled the
Golf Surcharge Fund (Fund 53) to be funded by the collection of the golf surcharge revenue.
Section 2: Transfer of Funds. Any accumulated funds currently designated as golf
surcharge funds that are currently recorded in the Sports Core Fund will be transferred into the newly
created Golf Surcharge Fund.
Section 3: Effective Date. This Resolution shall be in full force and effect upon passage and
approval in the manner provided by law.
APPROVED THIS 12th day of September, 2017
Gopal G. Lalmalani
Village President
PASSED THIS 12th day of September, 2017
Ayes: Trustees Baar, Cuevas, Manzo, Saived, Tiesenga, Yusuf
Nays: None
Absent: None
s 13 F 0
ATTEST„
Za
Charlotte K. Pruss
Village Clerk
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