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TO: Mayor Richard C. Irvin, Mayor
FROM: Christopher A. Minick, Chief Financial Officer/City Treasurer
Stacey L. Peterson, Director of Financial Operations
DATE: April 25, 2023
SUBJECT:
An Ordinance Amending the Annual Budget for the Fiscal Year Beginning January 1, 2023 and Ending December 31, 2023 (Amendment #1 for the 2023 Fiscal Year)
PURPOSE:
To obtain the City Council's approval of a proposed amendment to the 2023 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 2023 budget on December 6, 2022 through the passage of Ordinance No. O22-082
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 2023 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.
Item 1 and Items 15 through 17: Grants/Local Government, Youth Services, General Fund (Offsetting Revenue and Expenditure Increase of $180,000). These items adjust the budget to account for Youth Services receiving a grant from the Illinois Criminal Justice Information Authority (ICJIA). The grant will be used to cover the cost of providing after-school/summer enrichment & soccer programs.
Item 2 and Items 38 through 40: Grants/Other, Information Technology, General Fund (Offsetting Revenue and Expenditures Increase of $1,200,000). These items adjust the budget to account for the city receiving the Corridor Improve...
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