2023-05-15 - Ordinance 2023-072 - AMENDING FISCAL 2022 (JANUARY 1-DECEMBER 31, 2022) BUDGET FOR THE VILLAGE OF BUFFALO GROVE ORDINANCE NO. 2023-072
AN ORDINANCE AMENDING FISCAL 2022 (JANUARY 1-DECEMBER 31,2022) 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 2022, by Village ordinance number 2021-97, on December 6, 2021 in the amount of$118,384,488;
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 2022 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 2022, certain budget
amendments are necessary per the attached.
SECTION 2. That these amendments should reflect actual revenues and expenditures for fiscal year 2022
and will increase the total amount of the budgeted revenue by$23,783,980 and budgeted expenditures
by$18,107,880.
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-Johnson, Cesario,Ottenheimer,Stein, Pike,Weidenfeld
NAYES: 0- None
ABSENT: 0- None
PASSED: MaV 15, 2023
APPROVED: Mav 15, 2023
PUBLISHED: Mav 16, 2023
ATTEST: APPR ED:
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Jane � irabian,�,4!lage C�`rk Eric N. Smith, Vi ge President
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Exhibit A
2022 Budget Amendment
Revenue
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Account Adopted Revised
Number Account Description BudQet ChanQe BudRet
100.460.05 All Other Revenue Grants $0 $2,397,163 $2,397,163
Totai Generai Fund Revenue(100) 48,902,640 2,397,163 51,299,803
140.470 Bond Proceeds 0 21,386,817 21,386,817
Debt Service Fund Revenue(140) 3,676,772 21,386,817 25,063,589
Expense
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Account Adopted Revised
Number Account Description Bud et Chan�e Budset
100.45.580.57 Operating Transfers W&S fund 0 2,397,163 2,397,163
Total General Fund Expenses(100) 52,136,718 2,397,163 54,533,881
120.81.510.92 Operating Expenses Lease Payments 138,917.00 3,268 142,185
Total Metra Parking Lot Fund Expenses(120) 200,159 3,268 203,427
125.50.580.10 All Other Expense Consultant Fees 0 66,492 66,492
Total Lake Cook Road TIF Fund Expenses(125) 0 66,492 66,492
140.85.565.40 Debt Service Bond Issue Costs 0 20,000 20,000
140.85.570.15 Operating Transfers Capital Projects Streets 2,346,270 380,323 2,726,593
140.85.570.40 Operating Transfers Water&Sewer Fund 4,285,252 1,328,559 5,613,811
Total Debt Service Fund Expenses (140) 10,308,294 1,728,882 12,037,176
150.75.560.30 Capital Buildings&Structures 976,200 13,295,583 14,271,783
150.75.565.40 Debt Service Bond issue Costs 0 251,822 251,822
Totai Capital Projects Facilities Fund Expenses(150) 1,036,200 13,547,405 14,583,605
180.84.500.15 Personal Services Salaries-Seasonal 85,727 22,891 108,618
180.84.510.70 Operating Expenses Merchandise Purchases 45,000 11,913 56,913
Total Buffalo Grove Golf fund Expens(180) 1,228,774 34,804 1,263,578
212.93.545.05 Maintenance&Repairs-Vehicles Gasoline 155,000 152,218 307,218
212.93.545.40 Maintenance&Repairs-Vehicles Contractual Auto Services 320,000 102,313 422,313
Total Centrel Garage Fund Expenses(212) 1,628,681 254,531 1,883,212
213.94.530.20 Commodities Gas-facilities 42,500 75,335 117,835
Total Building Maintenance Fund Expense(213) $1,756,824 $75,335 51,832,159