O-13-10 - Authorizing Transfer from Working Cash FundVILLAGE OF LEMONT
ORDINANCE NO. /7 —/3 /®
AN ORDINANCE
AUTHORIZING TRANSFER FROM WORKING CASH FUND
ADOPTED BY THE
PRESIDENT AND THE BOARD OF TRUSTEES
OF THE VILLAGE OF LEMONT
THIS 2/,DAY OF Ai ucin , 2010
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 22 day of'tlituch , 2010.
Ordinance no. 2010 -0- /3-/-
AN ORDINANCE AUTHORIZING
TRANSFER FROM WORKING CASH FUND
WHEREAS, the Village of Lemont has established a Working Cash Fund
pursuant to the Illinois Municipal Code (65 ILCS 5/8 -7 -1 et seq.); and,
WHEREAS, pursuant to Sections 8 -7 -2 and 8 -7 -3 of the Illinois Municipal Code
(65 ILCS 5/8 -7 -2; 8 -7 -3) the maximum amount of the Working Cash Fund is to be
$700,000.00; and,
WHEREAS, the Working Cash Fund currently has funds in the amount of
$1,074,102.20; and
WHEREAS, it has been determined that there are funds within the Working Cash
Fund in excess of the maximum amount specified by law; and
WHEREAS, no objection has been made and by operation of law excess funds
belong in the general corporate funds.
BE IT ORDAINED BY THE Mayor and Village Board of the Village of Lemont,
Lake County, Illinois, as Follows:
SECTION 1: The Village Treasurer is hereby authorized and directed to
withdraw Three Hundred and Seventy Four Thousand, One Hundred and Twenty and
20/100 Dollars ($374,102.20) from the Working Cash Fund and transfer said amount to
the General Corporate Fund.
SECTION 2: That the Village Clerk of the Village of Lemont be and is directed
hereby to publish this Ordinance in pamphlet form, pursuant to the Statutes of the State of
Illinois, made and provided.
SECTION 3: Should any Section or provision of this Ordinance be declared by
a Court of competent jurisdiction to be invalid, such decision shall not affect the validity
of the Ordinance as a whole or any part thereof other than the part declared to be invalid,
SECTION 4: This ordinance shall be in full force and effect from and after its
passage, approval and publication as provided by law.
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PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF
TRUSTEES OF THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL,
AND DUPAGE, LLINOIS, on this day of , 2010.
Debby Blatzer
PRESIDENT AND VILLAGE BOARD MEMBERS:
AYES: NAYS: ABSENT: ABSTAIN
v
Paul Chialdikas
Clifford Miklos
Ron Stapleton
Rick Sniegowski
Jeanette Virgilio
ATTEST:
CHARLENE M. SMOLLEN
Village Clerk
BRIA REAVES
President