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TO: Mayor Richard C. Irvin, Mayor
FROM: Christopher A. Minick, Chief Financial Officer/City Treasurer
DATE: February 26, 2024
SUBJECT:
An Ordinance Amending the Annual Budget for the Fiscal Year Beginning January 1, 2024 and Ending December 31, 2024 (Amendment #1 for the 2024 Fiscal Year)
PURPOSE:
To obtain the City Council's approval of a proposed amendment to the 2024 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 2024 budget on December 5, 2023 through the passage of Ordinance No. O23-088.
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 2024 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 52: Grants/Federal-Equipment, Fire Department, General Fund (Offsetting Revenue and Expenditure Increase of $287,600). These items adjust the budget to account for the grant received through FEMA to purchase new fire hose. The resolution accepting the grant was R23-329.
Item 2 and 25: Grant Local Government, Senior Services and Disabilities, General Fund (Offsetting Revenue and Expenditure Increase of $20,000). Grant was extended into Fiscal Year 2024.
Item 3 through 6: Salaries and Benefits, Human Resources, General Fund (Expenditure increase of $63,600). Create a Workers Compensation/Leave Specialist position to handle these specific issues in the Huma...
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