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f~ <br />~/~ <br />Memo <br />To: Mayor Rinker <br />- Council President Fixler <br />All Members of Council <br />From: Philip Brett <br />CC: Law Director Diemert <br />Da4e: December 13, 1995 <br />Re: Final Appropriation and Temporary Appropriation <br />Please find enclosed two appropriation ordinances: the first is a final appropriation based on current <br />projections. It is hoped that this will be the final appropriation ordinance for 1995 but I may have• to <br />bring another one forward in 1996 to bring us into legal compliance for the purposes of an audit: The <br />major changes in the 1995 final appropriation have to do with a decrease in the transfer to the <br />community room from $30,000 to $3,000 because the renovation was paid out of the capital. <br />improvements fund, an increase in the transfer to the Municipal Center Fund from, $100,000 to <br />$300,000 which is closer to what we had originally hoped to budget but we wanted to wait to see how <br />cash flows were doing, and finally, a $275,000 advance to the North County- Line Trunk Sewer <br />because of the delays in the project which have in tum delayed, the County reimbursing us for <br />engineering. There are other changes but they are minor. All in all, we were within budget in all major <br />funds throughout the year. <br />The second ordinance is a temporary appropriation for 1996 which will allow the Village to operate <br />until its full orriinance is passed prior to April 1, 1996. If you have any questions on either of these <br />ordinances, I wilt be glad to answer them at the meeting orat your convenience. <br />~ Page 1 <br />