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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: June 27, 2022
SUBJECT:
An Ordinance Amending the Annual Budget for the Fiscal Year Beginning January 1, 2022 and Ending December 31, 2022 (Amendment #1 for the 2022 Fiscal Year)
PURPOSE:
To obtain the City Council's approval of a proposed amendment to the 2022 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 2022 budget on December 7, 2021 through the passage of Ordinance No. O21-066.
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 Exhibit A, would provide for certain changes in the 2022 City Budget. This will not be the only budget amendment for 2022, 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 2: Transfer from General Fund to Capital Improvement Fund ($619,200). These items provide for the transfer of Franchise Fees to cover part of the cost for the Council Chambers and 5th floor renovation projects.
Item 3: Professional Fees/ Consu...
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