DU PAGE COUNTY - File #: FI-R-0251-23

• File #: FI-R-0251-23
• Version: 1
• Type: Finance Resolution
• Status: Adopted
• File created: 10/17/2023
• In control: Finance Committee
• On agenda: 10/24/2023
• Final action: 11/28/2023
• Title: AUTHORIZATION TO TRANSFER FUNDS FROM THE GENERAL FUND TO THE STORMWATER MANAGEMENT FUND FOR FISCAL YEAR 2024

Date	Ver.	Action By	Action	Result
11/28/2023	1	DuPage County Board	Approved	Pass
10/24/2023	1	Finance Committee	Approved at committee	Pass

title

AUTHORIZATION TO TRANSFER FUNDS

FROM THE GENERAL FUND

TO THE STORMWATER MANAGEMENT FUND

FOR FISCAL YEAR 2024

resolution

WHEREAS, for accounting purposes the DuPage County Board has established a Stormwater Management Fund, which is funded with a stormwater management tax levy; and

WHEREAS, in order to maintain operations in the Stormwater Management Fund in Fiscal Year 2024, the County of DuPage finds it necessary to transfer an amount up to, but not to exceed, $2,600,000 (TWO MILLION, SIX HUNDRED THOUSAND, AND NO/100 DOLLARS) from the General Fund (1000) to the Stormwater Management Fund (1600-3000); and

WHEREAS, County of DuPage finds it necessary to grant authority to the Chief Financial Officer, in consultation with the Director of Stormwater, to transfer said amount in one or more transfers as operating requirements dictate; and 

WHEREAS, the said transfer(s) may be executed from the period of December 1, 2023 to November 30, 2024; and

WHEREAS, sufficient funds are projected to be available in the General Fund to accommodate said transfer(s) up to, but not to $2,600,000 (TWO MILLION, SIX HUNDRED THOUSAND, AND NO/100 DOLLARS) for the aforementioned time period.

NOW, THEREFORE, BE IT RESOLVED by the DuPage County Board that the Chief Financial Officer, upon consultation with the Director of Stormwater, is hereby authorized to transfer the amount up to, but not to exceed $2,600,000 (TWO MILLION, SIX HUNDRED THOUSAND, AND NO/100 DOLLARS) in one or more transfers; and 

BE IT FURTHER RESOLVED by the DuPage County Board that the said transfer(s) may be executed anytime from the period of December 1, 2023 to November 30, 2024; and

BE IT FURTHER RESOLVED by the DuPage County Board that the Finance Department and/or the County Treasurer is authorized and directed to transfer, in consultation with the Chief Financial Officer, the amount up to, but not to exceed, $2,600,000 (TWO MILLION, SIX HUNDRED THOUSAND, AND NO/100 DOLLARS) in one or more transfers, for the aforementioned time period.                     

end

Enacted and approved this 28^th day of November, 2023 at Wheaton, Illinois.

________________________________

DEBORAH A. CONROY, CHAIR

DU PAGE COUNTY BOARD

Attest: ___________________________________

JEAN KACZMAREK, COUNTY CLERK