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TO: Mayor Thomas J. Weisner
FROM: Brian W. Caputo, Chief Financial Officer/City Treasurer
DATE: March 17, 2016
SUBJECT:
An Ordinance Amending the Annual Budget for the Fiscal Year Beginning January 1, 2016 and Ending December 31, 2016 (Amendment #1 for the 2016 Fiscal Year).
PURPOSE:
To obtain the City Council's approval of a proposed amendment to the 2016 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 2016 budget on December 8, 2015 through the passage of Ordinance No. O15-099.
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 2016 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 10: Byrne Grant, Police Department, General Fund (Offsetting Revenues and Expenditures of $65,800). These items provide for revenues and expenditures associated with the 2015 Byrne Grant. Approximately $34,000 of the grant will be shared with the Kane County Sheriff Department and the City of Elgin. The remainder will be applied to water rescue equipment and training on new crash and crime reconstruction software for the Aurora Police Department.
Items 2 and 11: KARA Foundation Grant, Phillips Park Zoo Division, General Fund (Offsetting Revenues and Expenditures of $3,000). These items provide for revenues and expenditures associated with a grant provid...
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