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2021-64 Budget Reconciliation Ordinance Appropriating Additional Monies for the Purpose of Defraying the Expenses for Certain Funds of the City of Decatur, Illinois for the Fiscal Year Ending December 31, 2021
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2021-64 Budget Reconciliation Ordinance Appropriating Additional Monies for the Purpose of Defraying the Expenses for Certain Funds of the City of Decatur, Illinois for the Fiscal Year Ending December 31, 2021
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12/21/2021 4:43:28 PM
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Resolution/Ordinance
Res Ord Num
2021-64
Res Ord Title
2021-64 Budget Reconciliation Ordinance Appropriating Additional Monies for the Purpose of Defraying the Expenses for Certain Funds of the City of Decatur, Illinois for the Fiscal Year Ending December 31, 2021
Department
Finance
Approved Date
12/20/2021
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• Foreign Fire Insurance Fund 37; appropriate $10,000 to cover the higher than budgeted <br /> cost of training expenses, clothing, and capital items. <br /> • Local Streets and Roads Fund 42; appropriate $50,000 to defray the cost of capital <br /> expenses not envisioned in the adopted budget. <br /> • Capital Projects Fund 45; appropriate $301,000 to defray the cost of interfund loan <br /> repayment not envisioned in the adopted budget. <br /> • Debt Fund 50; appropriate$2,500 to defray the cost of fiscal fees. <br /> • Equipment Replacement Fund 61; appropriate $3,000,000 to defray capital expenses not <br /> envisioned in the original budget appropriation. <br /> • Risk Fund 64; appropriate $750,000 to cover increased insurance''costs and higher than <br /> expected payouts. <br /> • Benefit Fund 65; appropriate $650,000 to defray the cost of increased medical claim <br /> expense not envisioned in the original budget appropriation. <br /> • Recycling Fund 88; appropriate $3,000 to cover higher than expected costs for the <br /> purchase and delivery of recycling bins. <br /> POTENTIAL OBJECTION: <br /> There are no known objections to this resolution request. <br /> INPUT FROM OTHER SOURCES: <br /> No input from other sources. <br /> STAFF REFERENCES: <br /> Scot Wrighton, City Manager <br /> Gregg D.Zientara, City Treasurer& Director of Finance <br /> BUDGET/TIME IMPLICATIONS: <br /> Approval of this ordinance will allow the City to secure appropriation spending authority for the full <br /> fiscal year expenditures for the funds identified in this ordinance. <br /> Page 2 of 2 <br />
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