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File #: 210310    Version: 1 Name: An Ordinance Authorizing Adoption of Additions and Amendments to the Village of Lombard Financial Policies Regarding the Year End General Fund Reserve Maintenance Policy Adopted July 21, 201
Type: Ordinance Status: Passed
File created: 9/28/2021 In control: Village Board of Trustees
On agenda: Final action: 10/21/2021
Title: An Ordinance Authorizing Additions and Amendments to the Village of Lombard Financial Policies Regarding the Year End General Fund Reserve Maintenance Policy Adopted July 21, 2016 Recommendation of the Finance & Administration Committee and the Economic & Community Development committee approving changes to the Year End General Fund Reserve Maintenance Policy for purposes of funding the new Economic Development Fund. This recommendation was approved by both the Finance & Administration Committee and the Economic & Community Development Committee at their Joint Meeting on September 13, 2021. In addition, this was also discussed at the Village Board Budget Workshop on September 27, 2021.
Attachments: 1. BOT-10-7-2021-LEG#210310.pdf, 2. Ordinance 7991 Authorizing Additions and Amendments to the General Fund Reserve Maintenance Policy Adopted July 21, 2016.pdf, 3. Cover Page 210310.pdf

Title

An Ordinance Authorizing Additions and Amendments to the Village of Lombard Financial Policies Regarding the Year End General Fund Reserve Maintenance Policy Adopted July 21, 2016

Recommendation of the Finance & Administration Committee and the Economic & Community Development committee approving changes to the Year End General Fund Reserve Maintenance Policy for purposes of funding the new Economic Development Fund.   This recommendation was approved by both the Finance & Administration Committee and the Economic & Community Development Committee at their Joint Meeting on September 13, 2021.  In addition, this was also discussed at the Village Board Budget Workshop on September 27, 2021.

 

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