Lake County, IL
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File #: 20-0190    Version: 1 Name: FY2020 Line Item Transfers
Type: resolution Status: Passed
File created: 1/23/2020 In control: Financial & Administrative Committee
On agenda: Final action: 2/11/2020
Title: Resolution authorizing line-item transfers between various funds for the purpose of transferring previously approved funds in Fiscal Year (FY) 2020.
Attachments: 1. LIT Feb-20 FINAL.pdf

Title

Resolution authorizing line-item transfers between various funds for the purpose of transferring previously approved funds in Fiscal Year (FY) 2020.

 

Staff Summary

                     Line-item transfers in various funds between line-items in FY 2020 budget are needed to align the budget with correct expense accounts.

                     The County Board must approve line-item transfers under certain conditions.

                     A listing of the various transfers is attached to the resolution.

                     This action does not increase budget authority; it simply transfers previously approved budget authority.

 

Body

RESOLUTION

 

WHEREAS, in the administration and implementation of the approved budget, there is occasionally a need to transfer budget authority; and

 

WHEREAS, these actions are commonly known as “line-item transfers”, and must be approved by the County Board under certain circumstances; and

 

WHEREAS, a listing of line-item transfers of budget has been prepared by the County Administrator’s Office, a copy of which is attached hereto and made part hereof, and the Financial and Administrative Committee recommend approval of these actions by the County Board.

 

NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that line-item transfers in the fiscal year 2020 budget, as set forth in the attached listing are hereby approved.

 

DATED at Waukegan, Illinois, on February 11, 2020.