title
AUTHORIZATION TO TRANSFER AND
APPROPRIATE UP TO, BUT NOT TO EXCEED, $6,492,902 IN ADDITIONAL FUNDS
FROM THE IMPACT FEES FUNDS - COMPANY 1500, ACCOUNTING UNITS 3640-3649
TO THE IMPACT FEES FUNDS - COMPANY 1500, ACCOUNTING UNITS 3560-3569
FOR FISCAL YEAR 2025
resolution
WHEREAS, appropriations for the IMPACT FEES FUNDS - COMPANY 1500, ACCOUNTING UNITS 3640-3649 for Fiscal Year 2025 were adopted by the County Board pursuant to Ordinance FI-O-0010-24; and
WHEREAS, due to the passage of Illinois Statue 605 ILCS 5/5-917.1, which gives DuPage County authority to transfer the remainder of the road improvement impact fees funds to a transportation account, there is a need for an additional appropriation in the IMPACT FEES FUNDS - COMPANY 1500, ACCOUNTING UNITS 3640-3649; and
WHEREAS, the County of DuPage finds it necessary to transfer an amount up to, but not to exceed, $6,492,902 (SIX MILLION, FOUR HUNDRED NINETY-TWO THOUSAND, NINE HUNDRED TWO 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 available in the IMPACT FEES FUNDS - COMPANY 1500, ACCOUNTING UNITS 3640-3649 to accommodate said transfer(s) up to, but not to exceed $6,492,902 (SIX MILLION, FOUR HUNDRED NINETY-TWO THOUSAND, NINE HUNDRED TWO 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, $6,492,902 (SIX MILLION, FOUR HUNDRED NINETY-TWO THOUSAND, NINE HUNDRED TWO AND NO/100 DOLLARS) in the IMPACT FEES FUNDS - COMPANY 1500, ACCOUNTING UNITS 3640-3649 creates an emergency within the meaning of the Counties Act, Budget Division, (55 ILCS 5/6-1003).
...
Click here for full text