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TO: Mayor John Laesch
FROM: Stacey L. Peterson, Chief Financial Officer/City Treasurer
DATE: May 11, 2026
SUBJECT:
An Ordinance Amending the Annual Budget for the Fiscal Year Beginning January 1, 2025 and Ending December 31, 2025 (Amendment #8 for the 2025 Fiscal Year)
PURPOSE:
To obtain the City Council's approval of a proposed amendment to the 2025 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 2025 budget on December 3, 2024 through the passage of Ordinance No. O24-079.
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 2025 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 23: S.P. Other Events/Programs, General Fund (Offsetting Revenue and Expenditure Increase of $41,000). These items adjust the budget to account for the opioid use disorder grant program.
Items 2 and 51: Transfer from TIF #17 Farnsworth/Bilter Fund to 2022B taxable GO Bonds ($8,279,300). This transfer is to reclassify the 2022B Taxable general obligation bonds to its own fund.
Items 3 and 4; 38 through 41: Home Program Fund (Offsetting Revenues and Expenditures Increases totaling $328,800). These items adjust the budget for the actual annual Home Program allocation to the city. At the time the 2025 budget was prepared, we did not have the final allocation information. The ...
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