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TO: Mayor Richard C. Irvin, Mayor
FROM: Martin S. Lyons, Chief Financial Officer/City Treasurer
Stacey L. Peterson, Director of Financial Operations
DATE: June 21, 2021
SUBJECT:
An Ordinance Amending the Annual Budget for the Fiscal Year Beginning January 1, 2021 and Ending December 31, 2021 (Amendment #1 for the 2021 Fiscal Year)
PURPOSE:
To obtain the City Council's approval of a proposed amendment to the 2021 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 2021 budget on December 8, 2020 through the passage of Ordinance No. O20-106.
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. During the 2021 budget adoption process in the midst of the COVID 19 Pandemic, we discussed the clear hope that we would be able to amend the budget in reflection of coming out of the pandemic, better revenues and a return to normal City operations. 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 Exhibit A, would provide for certain changes in the 2021 City Budget. This will not be the only budget amendment for 2021, with this amendment focusing on personnel changes, new programs, receipt of federal funds, and previously approved expense items that require a budget amendment. We anticipate a second amendment later this summer to account for capital projects, economic development, and other budget amendments once all data is available. 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 ...
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