O-671-90 09/10/90L.,
•
VILLAGE OF LEMONT
ORDINANCE NO. 6'"' 7
ORDINANCE AUTHORIZING TRANSFER FROM WORKING CASH FUND
ADOPTED BY THE
PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
This MIX day of , 1990.
Published in pamphlet form by
authority of the President and
Board of Trustees of the Village
of Lemont Cook nn , Illinois,
• this 'Oday of 1990.
ORDINANCE NO. lU 7 /
ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
WHEREAS, the Village of Lemont has established a Working Cash Fund pursuant
to the Illinois Revised Statutes, Chapter 24, Section 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 whole or in part to the general corporate fund in anticipation of taxes, and;
WHEREAS, the Village of Lemont lacks sufficient funds to pay current F.I.C.A.
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 SIXTY FOUR THOUSAND
and 00 /100 DOLLARS ($64,000.00) from the Working Cash Fund and transfer said
amount to the Social Security Fund for the purpose of paying current F.I.C.A. 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 retransferred 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hereby repealed.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, COUNTY OF COOK, ILLINOIS, on this /a{, day of
.21:ezr___, 1990.
AYES NAYS PASSED A1NNF
Richard Kwasneski V
Kenneth S. Bromberek ✓
Barbara Buschman +�
William Margalus V
Charles Skopec
Bert Ercoli
Approved by me this /o day of
Attest:
CHARLENE SMOLLEN, Village Clerk
CHARLENE SMOLLEN, Village Clerk
B: \ORDINANC \WORKING.CAS
, 1990.
EY, V' ager.President