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File #: FI-R-0047-24    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: CREATION OF THE GENERAL FUND ACCRUED BENEFITS FUND COMPANY 1100, ACCOUNTING UNIT 1218

title

CREATION OF

THE GENERAL FUND ACCRUED BENEFITS FUND

COMPANY 1100, ACCOUNTING UNIT 1218

resolution

 

WHEREAS, In November 1998, DuPage County Board resolution FI-0190-98 established the County Employee Retention Incentive Program (The Program) to assist in recruiting new employees as well as retaining the most experienced and qualified County employees; and

 

WHEREAS, The Program provided a benefit to eligible employees up to 120 days of compensation, upon notice of separation. Eligibility begins at either age 55 with 10 years of continuous service, or 20 years of continuous service regardless of age. The Program, which was discontinued in 2002, applies to employees hired before December 1, 2002; and

 

WHEREAS, the DuPage County Employee Policy Manual, Sick Time, states effective December 1, 2011, all sick time hours, accrued, unused, and banked will be frozen for purposes of eligibility for monetary compensation; and

 

WHEREAS, the County shall create a fund known as the General Fund Accrued Benefits Fund, Company 1100, Accounting Unit 1218 to properly account and pay costs related to retention and pre-FY2012 sick time liability (“Bank A”).

 

NOW, THEREFORE, BE IT RESOLVED, by the DuPage County Board that the General Fund Accrued Benefits Fund, Company 1100, Accounting Unit 1218, is hereby created to account for the funding source revenue and expenditures related to costs incurred by the County as a result of retention and pre-FY2012 sick time liability (“Bank A”); and

 

BE IT FURTHER RESOLVED, by the DuPage County Board that the General Fund Accrued Benefits Fund, Company 1100, Accounting Unit 1218, is hereby created to pay retention and pre-FY2012 sick time liability costs (“Bank A”).

 

end

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