Resolution 1996-19 STATE OF ILLINOIS )
ss Rev. 5-23-96
COUNTY OF KENDALL )
RESOLUTION NO. l
RESOLUTION CONSOLIDATING CERTAIN FUNDS OF
THE UNITED CITY OF THE VILLAGE OF YORKVILLE
WHEREAS, numerous funds exist for The City of Yorkville to fund the City's operations;
and
WHEREAS, the management and accounting of these funds, along with the use of these
funds, has been complicated by the numerous different funds used for several different purposes
of The City; and
WHEREAS, consolidation of many of these funds would allow for easier administration,
accounting, and excess to the funds for the City use; and
WHEREAS, consolidation of these funds would provide for speedier administration and
debt payment along with more efficient use of The City's time and therefore more beneficial to
the community at large;
NOW THEREFORE BE IT RESOLVED that THE UNITED CITY OF THE VILLAGE
OF YORKVILLE hereby authorizes the City Treasurer to consolidate the following funds;
1. The Water Depreciation Fund, Water Meter Deposit Fund, Water Bond and
Interest Fund shall be consolidated into the Water Fund.
2. The Income Tax Surcharge Fund, Capital Street Improvement Fund and Capital
Improvement Fund shall be consolidated into the General Fund.
3. The North Water and Sewer Fund and South Water and Sewer Fund shall be
consolidated into the Debt Service Fund.
r
The Treasurer of THE UNITED CITY OF THE VILLAGE OF YORKVILLE is
authorized to take any action necessary to consolidate the above funds.
This ordinance shall be retroactive and take effect as of April 30, 1996.
That in all respects, all other funds of THE UNITED CITY OF THE VILLAGE OF
YORKVILLE shall remain as originally adopted and existing. All other procedures for use of
the funds shall remain as the usual and customary practices will dictate.
Approved this �'� ay of , 1996
Mayor
ATTEST:
Cler
Law Offices of Daniel J. Kramer
1107A South Bridge St.
Yorkville, Illinois 60560
708.553.9500