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TO: Mayor Richard C. Irvin
FROM: Martin S. Lyons, Chief Financial Officer/City Treasurer
DATE: September 17, 2018
SUBJECT:
An Ordinance Amending the Annual Budget for the Fiscal Year Beginning January 1, 2018 and Ending December 31, 2018 (Amendment #1 for the 2018 Fiscal Year)
PURPOSE:
To obtain the City Council's approval of a proposed amendment to the 2018 City Budget.
BACKGROUND:
Pursuant to 65 ILCS 5/8-2-9.1 through 9.10, the City of Aurora operates under the budget system of government finance. The City Council adopted the 2018 budget on December 12, 2017 through the passage of Ordinance No. O17-087.
While the city attempts to anticipate all potential expenditures for a fiscal year when that year's budget is developed, circumstances occasionally arise that require expenditures that were not contemplated in the original financial plan. 65 ILCS 5/8-2-9.6 permits a municipality operating under the budget system to amend its annual budget by a two third's vote of its governing body.
DISCUSSION:
The attached, proposed ordinance, including its Exhibit A, would provide for certain changes in the 2018 City Budget. Below is an explanation for each change. The item numbers discussed below correspond to the item numbers assigned to each change detailed in Exhibit A.
Items 1 and 8: Ambulance Fees, General Fund (Offsetting Revenue and Expenditure Increase of $71,000). These items adjust the budget to account for ambulance collection fees.
Items 2 and 10 through 17: HOME Program (Offsetting Revenues and Expenditures Increases Totaling $1,713,900). These items adjust the budget for the actual annual HOME Program allocation to the city. At the time the 2018 budget was prepared we did not have final allocation information. The amounts included in the original 2018 budget reflected only an estimate of the allocation.
Items 3 and 18 through 19: Emergency Solutions Grant (ESG) Fund (Offsetting Revenues and Expenditures Increases Totaling $136,300). Thes...
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