Ordinance 2015-45 S7IU OF IWAOIS
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UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2015-45
AN ORDINANCE AUTHORIZING THE FIRST AMENDMENT TO THE ANNUAL
BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR
COMMENCING ON MAY 1, 2015 AND ENDING ON APRIL 30, 2016
Passed by the City Council of the
United City of Yorkville,Kendall County, Illinois
This 22"d day of September, 2015
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County,Illinois on September 30,2015.
STASE OF [UtROIS
COOM CF KNOALL
- vFIND
Ordinance No. 2015-' S cony CLERK
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AN ORDINANCE AUTHORIZING THE FIRST AMENDMENT TO THE ANNUAL
BUDGET OF THE UNITED CITY OF YORKVILLE,FOR THE FISCAL YEAR
COMMENCING ON MAY 1,2015 AND ENDING ON APRIL 30,2016
WHEREAS, the United City of Yorkville (the "City") is a duly organized and validly
existing non-home rule municipality created in accordance with the Constitution of the State of
Illinois of 1970 and the laws of the State; and,
WHEREAS, pursuant to 65 ILCS 5/8-2-9.4,the City adopted Ordinance No. 2015-19 on
April 28, 2015 adopting an annual budget for the fiscal year commencing on May 1, 2015 and
ending on April 30, 2016; and,
WHEREAS, pursuant to 65 ILCS 5/8-2-9.6, by a vote of two-thirds of the members of
the corporate authorities then holding office,the annual budget of the United City of Yorkville
may be revised by deleting, adding to, changing or creating sub-classes within object classes and
object classes themselves. No revision of the budget shall be made increasing the budget in the
event funds are not available to effectuate the purpose of the revision; and,
WHEREAS, funds are available to effectuate the purpose of this revision.
NOW THEREFORE,BE IT ORDAINED by the Mayor and City Council of the
United City of Yorkville, Kendall County, Illinois, as follows:
Section 1: That the amounts shown in Schedule A, attached hereto and made a part
hereof by reference, increasing and/or decreasing certain object classes and decreasing certain
fund balances in the downtown TIF fund with respect to the United City of Yorkville's 2015-
2016 Budget are hereby approved.
Section 2: This ordinance shall be in full force and effect from and after its passage and
approval according to law.
Ordinance No.2015-
Page 2
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
day of 2015.
CITY CLERK
CARLO COLOSIMO ` KEN KOCH Y"
JACKIE MILSCHEWSKI LARRY KOT
CHRIS FUNKHOUSER JOEL FRIEDERS
DIANE TEELING SEAVER TARULIS
Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois,this
30 day of 5EP 1 E.M 864 2015.
MAYOR
Ordinance No.2015- q6
Page 3
Downtown TIF Fund (88) Schedule A
The Downtown TIF was created in 2006,in order to finance a mixed use development in the downtown area.
FY 2016 FY 2016
FY 2013 FY 2014 FY 2015 FY 2015 Adopted Amended
Actual Actual Budget Actual Budget Budget
Revenue
Taxes 39,980 62,269 85,000 60,027.00 65,000 65,000
Investment Earnings 428 53 75 1.00 50 50
Miscellaneous - 184 - 187.00 - -
Other Financing Sources 5,000 8,500 - - - -
Total Revenue 45,408 71,006 85,075 60,215.00 65,050 65,050
Expenditures
Contractual Services 18,391 26,843 35,355 20,045 27,860 27,860
Capital Outlay 68,034 29,568 17,433 19,106 328,170 378,170
Other Financing Uses - - - 13,500 - -
Total Expenditures 86,425 56,411 52,788 52,651 356,030 406,030
Surplus(Deficit) (41,017) 14,595 32,287 7,564 (290,980) (340,980)
Ending Fund Balance 216,937 231,529 265,260 239,096 (58,049) (101,884)
$300 Fund Balance
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$200
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c $100
$0
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United City of Yorkville
Downtown TIF Fund
88
DOWNTOWN TIF FUND REVENUE
FY 2013 FY 2014 FY 2015 FY 2015 FY 2016 FY 2016
Account Description Actual Actual Budget Actual Adopted Amended
Taxes
88-000-40-00-4000 PROPERTY TAXES 39,980 52,811 65,000 60,027 65,000 65,000
88-000-40-00-4070 BUSINESS DISTRICT TAX - 9,458 20,000 - - -
Total: Taxes 539,980 $62,269 $85,000 $60,027 $65,000 $65,000
Investment Earnings
88-000-45-00-4500 INVESTMENT EARNINGS 428 53 75 1 50 50
Total: Investment Earnings S428 $53 $75 $1 $50 $50
Miscellaneous
88-000-48-00-4850 MISCELLANEOUS INCOME - 184 - 187 - -
Total: Miscellaneous $0 $184 $0 $187 $0 $0
Other Financing Sources
88-00049-OQ-4910 SALE OF CAPITAL ASSETS 5,000 8,500 - -
Total: Other Financing Sources $5,000 $8,500 $0 $0 $0 $0
Total: DOWNTOWN TIF REVENUE $45,408 $71,006 $85,075 $60,215 565,050 $65,050
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United City of Yorkville
Downtown TIF Fund
880
DOWNTOWN TIF FUND EXPENDITURES
FY 2013 FY 2014 FY 2015 FY 2015 FY 2016 FY 2016
Account Description Actual Actual Budget Actual Adopted Amended
Contractual Services
88-880-54-00-5425 TIF INCENTIVE PAYOUT - 12,315 - 16,196 12,500 12,500
88-880-54-00-5462 PROFESSIONAL SERVICES 3,951 258 355 276 360 360
88-880-54-00-5466 LEGAL SERVICES 14,440 4,812 15,000 3,573 15,000 15,000
88-880-54-00-5493 BUSINESS DISTRICT REBATE - 9,458 20,000 - - -
Total: Contractual Services $18,391 $26,843 $35,355 $20,045 $27,860 $27,860
Capital Outlay
88-880-60-00-6000 PROJECT COSTS 56,367 9,568 10,000 11,686 10,000 60,000
88-880-60-00-6048 DOWNTOWN STREETSCAPE IMPROVEMENT - - - - 310,750 310,750
88-880-60-00-6079 ROUTE 47 EXPANSION 11,667 20,000 7,433 7,420 7,420 7,420
Total: Capital Outlay $68,034 $29,568 $17,433 $19,106 $328,170 $378,170
Other Financing Uses
88-880-99-00-9923 TRANSFER TO CITY-WIDE CAPITAL - - - 13,500 - -
Total: Other Financing Uses $0 $0 $0 $13,500 $0 $0
Total: DOWNTOWN TIF EXPENDITURES $86,425 $56,411 $52,788 $52,651 $356,030 $406,030
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