2020-09-21 - Ordinance 2020-076 - AMENDING FISCAL 2020 (JANUARY 1-DECEMBER 31, 2020) BUDGET FOR THE VILLAGE OF BUFFALO GROVE ORDINANCE 2020—76
AN ORDINANCE AMENDING FISCAL 2020 JANUARY 1-DECEMBER 31 2020 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 2020, by Village ordinance number 2019-78, on December 2, 2020 in the
amount of$80,837,127; 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 2020 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 2020, certain
budget amendments are necessary per the attached.
SECTION 2. That these amendments should reflect actual revenues and expenditures for fiscal
year 2020 and will increase the total amount of the budgeted revenue by $25,907,544 and
budgeted expenditures by$5,569,212.
SECTION 3. That the following amendments be made to the various department and line item
accounts as specified. (Exhibit A)
SECTION 4. Additional funds are available to effectuate this revision.
SECTION S. 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: 6—Stein Ottenheimer,Weidenfeld Johnson Smith Pike
NAYES: 0—None
ABSENT: 0—None
PASSED: September 21, 2020
APPROVED: September 21, 2020
PUBLISHED: Se tember 21 2020
L
VED:
Beverly Sussmign, Village President
ATTEST;
la. Si abiar. 'illage Clerk
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