Title
Resolution authorizing emergency appropriations in fiscal year (FY) 2017 for the 2015A Capital Projects Fund for interest earned on bond proceeds.
Staff Summary
• This resolution authorizes emergency appropriations in the FY 2017 budget for the 2015A Capital Projects Fund for revenue identified during FY 2016 year-end close out activities.
• This revenue was not included in the FY 2017 budget.
• Without this action, the interest earned will not be available for use in the 2015A Capital Projects Fund.
Body
R E S O L U T I O N
WHEREAS, as part of the year end activities for fiscal year (FY) 2016, revenue has been identified in the form of interest income; and
WHEREAS, it is necessary for the FY 2017 budget to appropriate the revenue.
NOW, THEREFORE BE IT RESOLVED by this Lake County Board, that emergency appropriations for FY 2017 in the 2015A Capital Projects Fund for revenue, are hereby authorized as detailed in the attached listing, which is hereby made a part of this resolution.
DATED at Waukegan, Illinois, on March 14, 2017.