O-86-07 10/22/2007VILLAGE OF LEMONT
ORDINANC ` r ~D7
ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This 22nd day of October , 2007
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village of
Lemont, Counties of Cook, Will, and
DuPage, Illinois this 22nd day
of October , 2007
ORDINANCEQc'L?,2
ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
WHEREAS, the Village of Lemont has established a Working Cash Fund pursuant to 65 ILCS
Section 5/8-7-1, and;
WHEREAS, in order to provide money with which to meet ordinary and necessary disbursements
for salaries and other general purposes, Working Cash Funds may be transferred in anticipation of taxes,
and;
WHEREAS, the Village of Lemont lacks sufficient funds to pay I.M.R.F. employer contributions
for the current period.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT, AS FOLLOWS:
The Village Treasurer is hereby authorized to withdraw Fifty-Five Thousand and 00/100 Dollars
($55,000) from the Working Cash Fund and transfer said amount to the I.M.R.F. Fund for the purpose of
paying current I.M.R.F. employer contributions. Upon receipt of all next available tax distributions, the
Village Treasurer shall immediately reimburse the Working Cash Fund until the full amount so transferred
has been re-transferred to the fund.
All ordinances or parts of ordinances in conflict herewith shall be and the same are hereby repealed.
The Village Clerk of the Village of Lemont shall certify to the adoption of this Ordinance and cause
the same to be published in pamphlet form.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DU PAGE, ILLINOIS ON THIS _
22"d day of October , 2007.
AYES
Debby Blatzer t/
Peter Coules 1/
Clifford Miklos
Brian Reaves
Ronald Stapleton V
NAYS PASSED ABSENT
Jeanette Virgilio
v
Attest:
CHARLENE M. SMOLL'EN, Village Clerk