title
AUTHORIZATION TO TRANSFER AND
APPROPRIATE $10,000,000 IN ADDITIONAL FUNDS
FROM THE GENERAL FUND
TO THE TORT LIABILITY FUND
FOR FISCAL YEAR 2024
resolution
WHEREAS, appropriations for the GENERAL FUND for Fiscal Year 2024 were adopted by the County Board pursuant to Ordinance FI-O-0009-23; and
WHEREAS, it is fiscally responsible to increase the balance of the Tort Liability Fund at this time in the amount of $10,000,000 (TEN MILLION AND NO/100 DOLLARS); and
WHEREAS, an increase to the Tort Liability Fund will ensure the financial stability and preparedness of the County to meet potential future obligations; and
WHEREAS, there is sufficient unappropriated cash in the GENERAL FUND - COMPANY 1000, ACCOUNTING UNIT 1180 to support an additional appropriation of $10,000,000 (TEN MILLION AND NO/100 DOLLARS); and
WHEREAS, the need to provide an additional appropriation in the amount of $10,000,000 (TEN 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, THEREFORE, BE IT RESOLVED, by the DuPage County Board that an additional appropriation (Attachment) in the amount of $10,000,000 (TEN MILLION AND NO/100 DOLLARS) in the GENERAL FUND - COMPANY 1000, ACCOUNTING UNIT 1180 is hereby approved and added to the Fiscal Year 2024 Appropriation Ordinance.
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Enacted and approved this 10th day of September, 2024 at Wheaton, Illinois.
________________________________
DEBORAH A. CONROY, CHAIR
DU PAGE COUNTY BOARD
Attest: ___________________________________
JEAN KACZMAREK, COUNTY CLERK