title
AUTHORIZATION TO TRANSFER AND
APPROPRIATE UP TO, BUT NOT TO EXCEED, $10,000,000 IN ADDITIONAL FUNDS
FROM THE GENERAL FUND ACCRUED BENEFITS FUND
TO THE GENERAL FUND FOR FISCAL YEAR 2024
resolution
WHEREAS, appropriations for Fiscal Year 2024 were adopted by the County Board pursuant to Ordinance FI-O-0009-23; and
WHEREAS, there is a need for an additional appropriation in the GENERAL FUND ACCRUED BENEFITS FUND - COMPANY 1100, ACCOUNTING UNIT 1218 to properly account and pay costs related to Pre FY2012 retention and sick time liability (Bank A) in the amount of $10,000,000 (TEN MILLION AND NO/100 DOLLARS); and
WHEREAS, the County of DuPage finds it necessary to grant authority to the Chief Financial Officer, to transfer said amount in one or more transfers as operating requirements dictate; and
WHEREAS, there is sufficient unappropriated cash in the GENERAL FUND ACCRUED BENEFITS FUND - COMPANY 1100, ACCOUNTING UNIT 1218 to support an additional appropriation of $10,000,000 (TEN MILLION AND NO/100 DOLLARS); and
WHEREAS, the need to provide an additional appropriation in the amount of $10,000,000 (TEN MILLION AND NO/100 DOLLARS) in the GENERAL FUND ACCRUED BENEFITS FUND - COMPANY 1100, ACCOUNTING UNIT 1218 creates an emergency within the meaning of the Counties Act, Budget Division, (55 ILCS 5/6-1003).
NOW, THERFORE, BE IT RESOLVED, by the DuPage County Board that the said transfer(s) may be relative to the period of December 1, 2023 to November 30, 2024; and
BE IT FURTHER RESOLVED, by the DuPage County Board that an additional appropriation (Attachment) in the amount of $10,000,000 (TEN MILLION AND NO/100 DOLLARS) in the GENERAL FUND ACCRUED BENEFITS FUND - COMPANY 1100, ACCOUNTING UNIT 1218 is hereby approved and added to the Fiscal Year 2024 Appropriation Ordinance.
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Enacted and approved this 27th day of February, 2024 at Wheaton, Illinois.
________________________________
DEBORAH A. CONROY, CHAIR
DU PAGE COUNTY BOARD
Attest: ___________________________________
JEAN KACZMAREK, COUNTY CLERK