2021-07-19 - Ordinance 2021-050 - AMENDING FISCAL 2020 (JANUARY 1-DECEMBER 31, 2020) BUDGET FOR THE VILLAGE OF BUFFALO GROVEORDINANCE NO. 2021-50
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 $15,901,951 and budgeted
expenditures by $20,972,541.
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 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: 6 —Stein, Ottenheimer, Weidenfeld, Johnson, Smith, Pike
NAYES: 0 — None
ABSENT: 0 — None
PASSED: July 19, 2021
APPROVED: July 19, 2021
APPROVED:
"A. L A.444 A�
Beverly Su an, Village President
ATTEST:
Janet rabian, Village Clerk
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