Title
Resolution authorizing the creation of the Stormwater Management Project Expense Match (PEM) Fund (Fund 781), authorizing the transfer of project expense match revenue from Stormwater Management Fund (Fund 212) fund balance in the amount of $2,526,406.68 to the new PEM Fund, and authorizing an emergency appropriation in the amount of $1,545,960 to establish the new fund's FY26 budget while reducing the Stormwater Management Fund's FY26 budget by $335,960 to account for transferred FY26 expenses.
Staff Summary
* In July 2021, $122,098,000 was appropriated in Public Act 102-0017 for Regional Stormwater Projects in Lake County, to be awarded by the Department of Commerce and Economic Opportunity (DCEO) and, to date, the Stormwater Management Commission (SMC) has received two allocations of $30 million in 2022 and 2024.
* SMC receives Project Expense Match (PEM) revenue from its partners on the DCEO grant-funded projects to offset the administrative burden that SMC undertakes in being the primary lead with the grantor.
* There is a need to create a new Stormwater Management Project Expense Match (PEM) Fund (Fund 781) to account for the expenditures related to personnel and engineering consultants associated with the grant-funded projects.
* This resolution approves a transfer of project expense match revenue ($2,526,406.68) and previously appropriated costs for personnel and legal fees from the Stormwater Management Fund (Fund 212) in the amount of $335,960 to the new Stormwater Management Project Expense Match Fund (Fund 781) and authorizing an emergency appropriation in the amount of $1,545,960 in the new fund for its FY2026 operations.
Body
RESOLUTION
WHEREAS, In July 2021, $122,098,000 was appropriated in Public Act 102-0017 for Regional Stormwater Projects in Lake County, to be awarded by the Department of Commerce and Economic Opportunity (DCEO); and
WHEREAS, to date, the Stormwater Management Commission (SMC) has received two allocations of $30 mi...
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