2019-04-15 - Ordinance 2019-019 - AMENDING FISCAL 2018 (JANUARY 1-DECEMBER 31, 2018) BUDGET FOR THE VILLAGE OF BUFFALO GROVEORDINANCE NO.2019 — 019
AN ORDINANCE AMENDING FISCAL 2018 UAMLARY 1-DECEMBER 31 2018
BUDGET FOR THE VILLAGE OF BUFFALO GROVE
WHEREAS, in accordance with Section 8-2-9.1 et. Seq. of the Illinois Municipal Code, 65
ILCS 5/8-2-9.1 et seq., and Section 2.08.043 of the Village of Buffalo Grove Municipal Code,
the President and Board of Trustees of the Village of Buffalo Grove have adopted the budget
officer system; and
WHEREAS, pursuant to Section 8-2-9.4 of the Illinois Municipal Code, 65 ILCS 5/8-2-9.4
and Section 2.08.43 of the Village of Buffalo Grove Municipal Code, the Village adopted an
annual budget for fiscal year 2017, by Village ordinance number 2017-53, on December 4, 2017
in the amount of $75,433,162; and
WHEREAS, the President and Board of Trustees of the Village of Buffalo Grove find that
an amendment to the annual budget ordinance is necessary at this time to more accurately reflect
the experience of the 2018 fiscal year.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES,
ILLINOIS that:
SECTION 1. That in order to more accurately reflect the experience of fiscal year 2018,
certain budget amendments are necessary per the attached.
SECTION 2. That these amendments should reflect actual revenues and expenditures for
fiscal year 2018 and will increase the total amount of the budgeted revenue by $364,660
and budgeted expenditures by $2,696,071.
SECTION 3. That the following amendments be made to the various department and line
iten) accounts as specified. (Exhibit A)
SECTION 4. Additional funds are available to effectuate this revision.
SECTION 5. That this ordinance shall be in full force and effect after the passage and
publication pursuant to the laws of the State of Illinois and the Village of Buffalo Grove.
AYES: 5 — Berman Ottenheimer, Weidenfeld Johnson. Smith
NAYS: 0 — None
ABSENT: 1 - Stein
1
PASSED: April 15, 2019.
APPROVED: April 15, 2019.
PUBLISHED: April 16, 2019.
ATTEST:
Janet MDian, Village Clerk
Beverly SussrWn, Village President
2
Exhibit A
Budget Adjustments Amount Description
Revenue
Arboretum Golf Club
190.460.05 133,413.00 Transfer to cover excess expenditure over revenue
Buffalo Grove Golf Club
180.460.05 89,798.00 Transfer to cover excess expenditure over revenue
Information Technology
211.461.01 78,895.00 Transfer to cover excess expenditure over revenue
Building Maintenance
213.461.02 62,554.00 Transfer to cover excess expenditure over revenue
Expenditure
Capital Projects Street
160.75.561 1,397,502.00 Road Project Costs and Expenditures
Arboretum Golf Club
190.84.800 133,136.00 Depreciation Expense
Retiree Health Savings
250.91.505.90 163,345.00 Unbudgeted payments made to new retirees
Motor Fuel Tax
130.75.560.20 (1,000,000.00) Reclass Budgeted amount
130.75.530.40 130,615.00 Road Maintenance Costs and Expenditures
130.75.535.10 1,416,095.00 Road Maintenance Costs and Expenditures
130.75.535.15 224,131.00 Road Maintenance Costs and Expenditures
Buffalo Grove Golf Club
180.84.800 84,798.00 Depreciation Expense
180.84.560.80 5,000.00 Golf Course Projects/Course Improvement
Information Technology
211.92.555.40 78,895.00 Technology Fund Capital Reserve
Building Maintenance
213.94.510.10 62,554.00 Maintenance Contracts