title
Approving Transfer of Appropriation and Budget Adjustment within Fund #558 North Impact Fees
body
WHEREAS, the FY 2025 appropriation for Fund# 558 - North Impact Fees Capital category was $454,924 and Contingency and Other category was $2,453,076; and
WHEREAS, the appropriation for Fund #558’s Capital category should be $1,277,307 and Contingency and Other category should be $1,630,693 which requires a transfer of funds between these two categories and related budget adjustments; and
WHEREAS, 6-1003 of the Counties Code (55 ILCS 5/6-1003) provides that, after adoption of the county budget, transfers of appropriations affecting personnel and capital may be made following a two-thirds vote of all members constituting such board; and
WHEREAS, this transfer and budget adjustment does not increase the total expenditure appropriation for Fund #558.
NOW, THEREFORE, BE IT RESOLVED by the Kane County Board that the following transfers of appropriation and budget adjustments to the FY25 budget be made:
Account Number Description Amount
558.520.558.73000 Road Construction +$822,383
558.520.558.89000 Addition to Fund Balance -$822,383
Passed by the Kane County Board on July 8, 2025.
____________________________ ____________________________
John A. Cunningham, MBA, JD, JD Corinne M. Pierog MA, MBA
Clerk, County Board Chairman, County Board
Kane County, Illinois Kane County, Illinois
Vote: