Lake County, IL
File #: 24-1480    Version: 1 Name: Resolution authorizing emergency appropriations for Fiscal Year (FY) 2025 in various funds for certain projects, items, and activities budgeted in the prior year and not completed.
Type: resolution Status: Passed
File created: 10/21/2024 In control: Financial & Administrative Committee
On agenda: Final action: 11/12/2024
Title: Resolution authorizing emergency appropriations for Fiscal Year (FY) 2025 in various funds for certain projects, items, and activities budgeted in the prior year and not completed.
Attachments: 1. 24-1480 Carryovers for 11.7.24

Title

Resolution authorizing emergency appropriations for Fiscal Year (FY) 2025 in various funds for certain projects, items, and activities budgeted in the prior year and not completed.

 

Staff Summary

                     Since all unused appropriations lapse at the end of each fiscal year, it is necessary to “carry over” unspent budget authority from one fiscal year to the next under certain conditions as defined in the County's Budget Policies.

                     These carryover requests include contracts which were unable to be completed in FY 2024 and uncompleted or ongoing projects that will not be complete until FY 2025.

                     These items must be authorized through what is termed an “emergency appropriation” in order to transfer the budget authority that was previously granted in FY 2024 to FY 2025. The detailed accounts are included in the attachment.

 

Body

RESOLUTION

 

WHEREAS, Fiscal Year (FY) 2024 has nearly ended, and certain projects, goods and activities have been identified in the FY 2024 budget that will not be received and/or completed by the ends of the fiscal year; and

 

WHEREAS, it is necessary to reauthorize the associate budgets for the projects, goods, and activities in the FY 2025 budget, which will be funded from the unobligated fund balances from the prior year.

 

NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that emergency appropriations for FY 2025 in various funds for certain projects, goods and activities which were budgeted in the prior year and will not be completed are hereby authorized as detailed in the attached listing, which is hereby made a part of this resolution.

 

DATED at Waukegan, Illinois, on November 12, 2024.