DU PAGE COUNTY - File #: FI-R-0095-23

• File #: FI-R-0095-23
• Version: 1
• Type: Finance Resolution
• Status: Adopted
• File created: 3/13/2023
• In control: Animal Services Committee
• On agenda: 3/21/2023
• Final action: 3/28/2023
• Title: ACCEPTANCE AND APPROPRIATION OF INTEREST EARNED ON INVESTMENT FOR THE DUPAGE ANIMAL FRIENDS PHASE II CAPITAL PROJECT GRANT COMPANY 5000 - ACCOUNTING UNIT 1310 $100,000 (Under the administrative direction of Animal Services)

Date	Ver.	Action By	Action	Result
3/28/2023	1	Finance Committee	Approved	Pass
3/28/2023	1	DuPage County Board	Approved	Pass
3/21/2023	1	Animal Services Committee	Approved and Sent to Finance	Pass

title
ACCEPTANCE AND APPROPRIATION OF INTEREST EARNED ON INVESTMENT
FOR THE DUPAGE ANIMAL FRIENDS PHASE II CAPITAL PROJECT GRANT
COMPANY 5000 - ACCOUNTING UNIT 1310
$100,000
(Under the administrative direction of Animal Services)
resolution


WHEREAS, the County of DuPage heretofore accepted and appropriated the DuPage Animal Friends Phase II Capital Project Grant, pursuant to Resolution FI-R-0377-18 for the period September 12, 2018 until funding is exhausted; and

WHEREAS, the County of DuPage has invested cash balances in accordance with the DuPage Animal Friends grant requirements and estimates additional earnings in the amount of $100,000 (ONE HUNDRED THOUSAND AND NO/100 DOLLARS) during the term of the award, to be used for the support of the Phase II Capital Project of DuPage County Animal Services; and

WHEREAS, no additional County funds are required to appropriate this interest earned; and

WHEREAS, the DuPage County Board finds that the need to appropriate said interest creates an emergency within the meaning of the Counties Act, Budget Division, (55 ILCS 5/6-1003).
NOW, THEREFORE, BE IT RESOLVED by the DuPage County Board that the interest earned in the amount of $100,000 (ONE HUNDRED THOUSAND AND NO/100 DOLLARS) be and is hereby accepted; and

BE IT FURTHER RESOLVED by the DuPage County Board that the additional appropriation on the attached sheet (Attachment I) in the amount of $100,000 (ONE HUNDRED THOUSAND AND NO/100 DOLLARS) be made and added to the DuPage Animal Friends Phase II Capital Project Grant, Company 5000 - Accounting Unit 1310, for the period of September 12, 2018 until funding is exhausted; and

BE IT FURTHER RESOLVED by the DuPage County Board, that should local funding cease for this grant, the Animal Services Committee shall review the need for continuing the specified progr...