DU PAGE COUNTY - File #: FI-R-0046-24

• File #: FI-R-0046-24
• Version: 1
• Type: Finance Resolution
• Status: Adopted
• File created: 2/21/2024
• In control: Finance Committee
• On agenda: 2/27/2024
• Final action: 2/27/2024
• Title: AUTHORIZATION TO TRANSFER AND APPROPRIATE UP TO, BUT NOT TO EXCEED, $2,000,000 IN ADDITIONAL FUNDS FROM THE GENERAL FUND TO THE TORT LIABILITY FUND FOR FISCAL YEAR 2023

Date	Ver.	Action By	Action	Result
2/27/2024	1	Finance Committee	Approved	Pass
2/27/2024	1	DuPage County Board	Approved	Pass

title

AUTHORIZATION TO TRANSFER AND

 APPROPRIATE UP TO, BUT NOT TO EXCEED, $2,000,000 IN ADDITIONAL FUNDS
FROM THE GENERAL FUND
TO THE TORT LIABILITY FUND
FOR FISCAL YEAR 2023

resolution

WHEREAS, appropriations for the GENERAL FUND for Fiscal Year 2023 were adopted by the County Board pursuant to Ordinance FI-O-0059-22; and

WHEREAS, due to the increases in premium fees and increased settlements, there is a need for an additional appropriation in the GENERAL FUND - COMPANY 1000, ACCOUNTING UNIT 1180; and

WHEREAS, in order to maintain the General Fund ending fund balance of $104,000,000 (ONE HUNDRED FOUR MILLION, AND NO/100 DOLLARS), the County of DuPage finds it necessary to transfer an amount up to, but not to exceed, $2,000,000 (TWO 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, sufficient funds are projected to be available in the General Fund (1000) to accommodate said transfer(s) up to, but not to exceed $2,000,000 (TWO MILLION AND NO/100 DOLLARS) for the aforementioned time period; and

WHEREAS, the need to provide an additional appropriation in the amount of up to, but not to exceed, $2,000,000 (TWO MILLION AND NO/100 DOLLARS) in the GENERAL FUND - COMPANY 1000, ACCOUNTING UNIT 1180 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, 2022 to November 30, 2023; and

BE IT FURTHER RESOLVED by the DuPage County Board that the Finance Department is authorized and directed to transfer, in consultation with the Chief Financial Officer, an amount up to, but not to exceed, $2,000,000 (TWO MILLION AND NO/100 DOLLARS) in one or more transfers, in the aforementioned time period.

end

Enacted and approved this 27^th day of February, 2024 at Wheaton, Illinois.

________________________________

DEBORAH A. CONROY, CHAIR

DU PAGE COUNTY BOARD

Attest: ___________________________________

JEAN KACZMAREK, COUNTY CLERK