O-75-41ORDINANCE NO. 0 -75- 41
AN ORDINANCE REVISING AND SUPPLEMENTING THE ANNUAL
BUDGET FOR THE VILLAGE OF DEERFIELD FOR THE FISCAL
YEAR MAY 1, 1975 TO APRIL 30, 1976
WHEREAS, by Ordinance No. 0- 75 -13, adopted on April 21, 1975, the
President and Board of Trustees of the Village of Deerfield did adopt an
Annual Budget for the fiscal year from May 1, 1975 to April 30, 1976; and
WHEREAS, a deficit in the Illinois Municipal Retirement Fund has re-
sulted due to unanticipated expenditures during preceding years; and
WHEREAS, the above - described unanticipated expenditure and resultant
deficit in the Illinois Municipal Retirement Fund creates the need for
additional expenditures by the Village to satisfy said deficit which were
not provided for in the said Annual Budget; and
WHEREAS, it, therefore, becomes necessary to revise and supplement
said Annual Budget to provide for expenditures in addition to those pro-
vided for in said Annual Budget.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES
OF THE VILLAGE OF DEERFIELD, LAKE.AND COOK COUNTIES, ILLINOIS, AS FOLLOWS:
SECTION That that portion of the Annual Budget for the
ONE: Village of Deerfield for the fiscal year beginning
May 1, 1975, and ending April 30, 1976, pertaining
to Village contributions to the Illinois Municipal Retirement Fund is hereby
revised and supplemented by substituting the attached Budget Summary and
Account pages in lieu of the corresponding pages in the Annual Budget
heretofore adopted, in accordance with the revised Revenue and Expenditures
sheets of said Budget which is attached hereto and made a part of this
Ordinance.
SECTION That this Ordinance shall be in full force and effect
TWO: from and after its passage and approval as provided by
law.
AYES: Blumenthal, Gavin, Marty, Seidman (4)
NAYS: None (0)
ABSENT: Stiehr (1)
PASSED this 18th day of August A.D., 1975.
APPROVED this 18th day of August , A.D., 1975.
r
VI fljAGE PRESIDENT
ATTEST:
VILLAGE CLERK
PROPOSED AMENDMENT
TO THE 1975 -1976 BUDGET
i
Source 1975 -76- 1975 -1976
Origiinal,, Amended Budget'.
='Budget
Property, Tax Levy $102,000 $1,22;000
Interest Income -0- O.
TOTAL. REVENUE $102,000 $122' 000
Retirement Payments (Current) $100', 000 $102 000
Prior Year Deficit -0- -20 , 000
$100,000 $122,000
NEW
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