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Authorizing FY24 Budget Adjustment and Fund Transfer from Fund 234 to Fund 221
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WHEREAS, Fund 234 currently contains funds received from forfeited property; and
WHEREAS, Illinois Compiled Statutes, Chapter 720, Section 5/36-7 (c) relates to the distribution of proceeds of forfeited property; and
WHEREAS, , in order to comply with Illinois Compiled Statutes, Chapter 720, Section 5/36-7 (c) and the Drug Prosecution Grant accounting requirements regarding funds received from forfeited property, Fund 221 exists as a special fund; and
WHEREAS, a budget adjustment is needed to facilitate the cash transfer of funds from forfeited property received prior to FY23 from Fund 234 to Fund 221.
NOW, THEREFORE, BE IT RESOLVED that the Kane County Board that the below FY2023 budget adjustment for and applicable fund transfer be executed:
234.300.339.99221 Transfer to Drug Pros Fund 221 $247,555
234.300.000.39900 Fund Balance Utilization $247,555
221.300.322.89000 Addition to Fund Balance $247,555
221.300.000.39221 Transfer from Drug Asset Forfeiture Fund 234 $247,555
Line Item: See above
Line Item Description: See above
Was Personnel/Item/Service approved in original budget or a subsequent budget revision? N/A
Are funds currently available for this Personnel/Item/Service in the specific line item? N/A
If funds are not currently available in the specified line item, where are the funds available?
N/A
Passed by the Kane County Board on January 9, 2024.
____________________________ ____________________________
John A. Cunningham, MBA, JD, JD Corinne M. Pierog MA, MBA
Clerk, County Board Chairman, County Board
Kane County, Illinois Kane County, Illinois
Vote: