title
AUTHORIZATION TO TRANSFER FUNDS
FROM THE GENERAL FUND
TO THE TORT LIABILITY FUND
FOR FISCAL YEAR 2025
resolution
WHEREAS, for accounting purposes the DuPage County Board has established a Tort Liability Fund which is funded with a tort liability tax levy; and
WHEREAS, in order to maintain operations in the Tort Liability Fund in Fiscal Year 2025, the County of DuPage finds it necessary to transfer an amount up to, but not to exceed, $500,000 (FIVE HUNDRED THOUSAND AND NO/100 DOLLARS) from the General Fund (1000) to the Tort Liability Fund (1100-1212); and
WHEREAS, 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, the said transfer(s) may be executed from the period of December 1, 2024 to November 30, 2025; and
WHEREAS, sufficient funds are projected to be available in the General Fund to accommodate said transfer(s) up to, but not to exceed $500,000 (FIVE 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 is hereby authorized to transfer the amount up to, but not to exceed $500,000 (FIVE 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, 2024 to November 30, 2025; 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, an amount up to, but not to exceed, $500,000 (FIVE HUNDRED THOUSAND AND NO/100 DOLLARS) in one or more transfers for t...
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