2025-05-19 - Ordinance 2025-063 - AMENDING FISCAL 2024 (JANUARY 1-DECEMBER 31, 2024) BUDGET FOR THE VILLAGE OF BUFFALO GROVEBUFFALO
GROVE
ORDINANCE 2025-063
AN ORDINANCE AMENDING FISCAL 2024
(JANUARY 1-DECEMBER 31, 2024) 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 2.08.043 of the Village of Buffalo Grove Municipal Code, the
Village adopted an annual budget for fiscal year 2024, by Village ordinance number
2023-162, on December 4, 2023, in the amount of $163,177,555; 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 2024 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, as follows:
SECTION 1. That in order to more accurately reflect the experience of fiscal year
2024, certain budget amendments are necessary per the attached.
SECTION 2. That these amendments should reflect actual expenditures for fiscal
year 2024 and will increase the total amount of budget expenditures by $943,681.
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
G rove.
AYES: 4 -Johnson, Richards, Ottenheimer, Bocek
NAYES: 0 - None
ABSENT: 2 - Cesario. Weidenfeld
PASSED: May 19, 202S
APPROVED: May 19. 202S
PUBLISHED: May 21, 202S
Page 1 of 2
smart. with heart.
50 Raupp Blvd, Buffalo Grove, IL 60089 847-459-2500 vbg.org
ATTEST:
Janet . Sirabian, Village Clerk
APPROVED:
Eric N. Smith, Ilage President
Page 2 of 2
smart. with heart.
50 Raupp Blvd, Buffalo Grove, IL 60089 847-459-2500:•, vbg.org
2024 Budget Amendment
Expenditures
EXHIBIT A
2024 2024
..a naa...I RnAeer rt„ne. Rnvicad IWd.et 0-cdotion
General Fund
Operating Transfers Capital Project, Fund 4,093.449
I 428.299
4,521,747
Transfer for APRA Funds
Lake Cook Rd TIF Fund
All Other Exoenses Consultant Fees 0
14.082
14.082
TIF Consulting Fees
Dundee Rd TIF Fund
All Other Expenses Consultant Fees 0
4,072
4,072
TIF Consultine_ Fees
Information Technology Fund
Operating Transfers Capital Equipment & Vehicles 0
497,228
497,228
GASB lease for Axon cameras