title
Amending the FY2024 Budget to Provide Riverboat Funding for the Geneva Creek Stabilization Project
body
WHEREAS, under an agreement between Kane County and the Grand Victoria Casino Elgin, the county receives an annual contribution from the casino to support a variety of educational, environmental, and economic development activities; and
WHEREAS, various Kane County offices and departments have important and relevant projects/programs that meet the requirements of the Grand Victoria Riverboat Fund Program; and
WHEREAS, the Kane County Board's Riverboat Committee has solicited and reviewed applications from county offices/departments, and recently identified one project (the Geneva Creek Stabilization Project) that was not included in the approved FY2024 budget; and
WHEREAS, the Riverboat Committee has issued a recommendation that $250,000 in Riverboat Funds be awarded to the Building Management Department for said project and that the FY2024 budgets for Funds 120 (Riverboat Fund) and 500 (Capital Projects Fund) should be amended.
NOW, THEREFORE, BE IT RESOLVED by the Kane County Board that $250,000 in Riverboat Funds are awarded to the Building Management Department to support the Geneva Creek Stabilization Project during Fiscal Year 2024, and that the Kane County budget for Fiscal Year 2024 is hereby amended as follows:
120.010.000.39900 Fund Balance Utilization $250,000
120.010.020.99500 Transfer to Fund 500 $250,000
500.800.000.39120 Transfer from Fund 120 $250,000
500.800.805.50150 Contractual/Consulting Services $250,000
Line Item: 120.010.020.99000
Line Item Description: Transfer to Other Funds
Was Personnel/Item/Service approved in original budget or a subsequent budget revision? Pending Budget Approval
Are funds currently available for this Personnel/Item/Service in the specific line item? Yes
If funds are not currently available in the specified lin...
Click here for full text