Lake County, IL
File #: 25-0341    Version: 1 Name: Approval of carry over requests for Stormwater Management Commission (SMC) Budget for Fiscal Year (FY) 2025
Type: commission action item Status: Passed
File created: 2/26/2025 In control: Lake County Stormwater Management Commission
On agenda: Final action: 3/6/2025
Title: Approval of carry over requests for Stormwater Management Commission (SMC) Budget for Fiscal Year (FY) 2025
Attachments: 1. 2025 March Carryovers

Title

Approval of carry over requests for Stormwater Management Commission (SMC) Budget for Fiscal Year (FY) 2025

 

Staff Summary

                     Unused appropriations lapse at the end of each fiscal year and it is necessary to carry over unspent budget authority from FY2024 to FY2025, as defined in the County Budget Policies.

                     SMC March 2025 carry over requests includes contracts for projects that were not completed in FY2024.

                     The carry over items must be authorized through an emergency appropriation to transfer the budget authority that was previously granted in FY2024 to FY2025.