title
AUTHORIZATION TO TRANSFER AND
APPROPRIATE UP TO, BUT NOT TO EXCEED, $2,000,000 IN ADDITIONAL FUNDS
FROM THE GENERAL FUND
TO THE LOCAL GAS TAX 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 need to fund various Division of Transportation projects, 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 ...
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