O-76-43F
ORDINANCE NO. 0 -76- 43
AN ORDINANCE REVISING AND SUPPLEMENTING THE ANNUAL
BUDGET FOR THE VILLAGE OF DEERFIELD FOR THE FISCAL
YEAR MAY 1, 1976 TO APRIL 30, 1977
WHEREAS, by Ordinance No. 0- 76 -23, adopted on April 19, 1976, the
President and Board of Trustees of the Village of Deerfield did adopt.an
Annual Budget for the fiscal year from May 1, 1976 to April 30, 1977; 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 beginnirig May 1,
1976 and ending April 30, 1977, pertaining to Village con-
tributions 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, Swanson (5)
NAYS: None (0)
ABSENT: Stiehr (1)
PASSED this 16th day of August A.D., 1976.
APPROVED this 16th day of August A.D., 1976.
ATTEST:
VILLAGE CLERK
VILLA E PRESIDENP4 pro tem
ILLINOIS MUNICIPAL RETIREMENT FUND
Source of Funds and Expenditures
Actual and Projected
Source
Property Tax Levy
Interest Income
TOTAL REVENUE
Retirement Payments
Prior Year Deficits
1976 -77 1977 -78
Passed As Amended
$140,000 $131,000
-0- 1,000
$140,000 $132,000
$111,000 $111,000
-0- 20,000
$111,000 $131,000
ORDINANCE NO. 0 -76- 43
I
4 AN ORDINANCE REVISING AND SUPPLEMENTING THE ANNUAL
BUDGET FOR THE VILLAGE OF DEERFIELD FOR.THE FISCAL
YEAR MAY 1, 1976-TO APRIL 30,.1977,•
WHEREAS, by Ordinance No. 0- 76 -23, adopted on April 19, 1976, the
President and.Board of Trustees of the Village of Deerfield did adopt an
Annual Budget for the fiscal year from May 1, 1976-to April 30, 1977; 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,
1976 and ending April 30, 1977, pertaining•.to.Village con-
tributions 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, Swanson (5)
NAYS: None (0)
ABSENT: Stiehr (1)
PASSED this 16th day of August A.D., 1976.
APPROVED this 16th day of August A.D., 1976.
ATTEST:
e
VILLAGE CLERK
VILLA E PRESIDEN pro tem
Source
ILLINOIS MUNICIPAL RETIREMENT FUND
Source of Funds and Expenditures
Actual and Projected
1976 -77
Passed
1977 -78
As Amended
Property Tax Levy $140,000 $131,000
Interest Income -0- 1,000
TOTAL REVENUE $140,000 $132,000
Retirement Payments $1119000 $111,000
Prior Year Deficits -0- 20,000
$111,000 $131,000