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Ordinance 2016-49 MITE OF MUM wing OF IOW - PILED - OCT 2 6 2016 i COUNTY cc KENDAL COUNTY UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS ORDINANCE NO. 2016-49 AN ORDINANCE AUTHORIZING THE SECOND AMENDMENT TO THE ANNUAL BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR COMMENCING ON MAY 1, 2016 AND ENDING ON APRIL 30, 2017 Passed by the City Council of the United City of Yorkville, Kendall County, Illinois This 23`d day of August, 2016 Published in pamphlet form by the authority of the Mayor and City Council of the United City of Yorkville,Kendall County, Illinois on August 31, 2016. Ordinance No. 2016- AN ORDINANCE AUTHORIZING THE SECOND AMENDMENT TO THE ANNUAL BUDGET OF THE UNITED CITY OF YORKVILLE, FOR THE FISCAL YEAR COMMENCING ON MAY 1,2016 AND ENDING ON APRIL 30,2017 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. 2016-30 on April 12, 2016 adopting an annual budget for the fiscal year commencing on May 1, 2016 and ending on April 30, 2017; 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 Fox Hill SSA fund with respect to the United City of Yorkville's 2016-2017 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.2016-'t Page 2 Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this g3 day of 4(4 LZ 5 , 2016. CITY CLERK CARLO COLOSIMO KEN KOCH 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 0 (0 day of UGU51 , 2016. ;71 k MA oR Ordinance No.2016-"t"( Page 3 Schedule A FOX HILL SSA FUND (11) I This fund was created for the purpose of maintaining the common areas of the Fox Hill Estates(SSA 2004-201) subdivision. Revenues for the fund are derived from property taxes levied on homeowners in the subdivision. Unaudited FY 2017 FY 2017 FY 2014 FY 2015 FY 2016 Adopted Amended Actual Actual Actual Budget Budget Revenue Taxes 3,786 8,536 7,072 7,073 7,073 Investment Earnings 1 - - - - Total Revenue 3,787 8,536 7,072 7,073 7,073 Expenditures Contractual Services 7,776 4,208 26,314 4,833 11,333 Total Expenditures 7,776 4,208 26,314 4,833 11,333 Surplus(Deficit) (3,989) 4,328 (19,242) 2,240 (4,260) Ending Fund Balance 11,134 15,462 (3,780) (9,900) (8,040) 143.2% 367.4% -14.4% -204.8% -70.9% $20 $15 Fund Balance $l0 tv o $5 $o ($5) ($10) - ($15) - 1 United City of Yorkville Fox Hill Special Service Area Fund 11 FOX HILL SSA FUND REVENUE Unaudited FY 2014 FY 2015 FY 2016 FY 2017 FY 2017 Account Description Actual Actual Actual Adopted Amended Taxes 11-000-40-00-4000 PROPERTY TAXES 3,786 8,536 7,072 7,073 7,073 Special Service Area Tax-$32 per Unit Total: Taxes $3,786 $8,536 $7,072 $7,073 $7,073 Investment Earnings 11-000-45-00-4500 INVESTMENT EARNINGS 1 - - - - Total: Investment Earnings $1 $0 $0 $0 $0 Total: FOX HILL SSA REVENUE $3,787 $8,536 $7,072 $7,073 $7,073 2 United City of Yorkville Fox Hill Special Service Area Fund Ill FOX HI! I,SSA EXPENDITURES Unaudited FY 2014 FY 2015 FY 2016 FY 2017 FY 2017 Account Description Actual Actual Actual Adopted Amended Contractual Services 11-111-54-00-5417 TRAIL MAINTENANCE - - 21,141 - - 11-111-54-00-5466 LEGAL SERVICES 190 - - - - 11-111-54-00-5495 OUTSIDE REPAIR&MAINTENANCE 7,586 4,208 5,173 4,833 11,333 Total: Contractual Services $7,776 $4,208 $26,314 $4,833 $11,333 Total: FOX HILL SSA EXPENDITURES $7,776 $4,208 $26,314 $4,833 $11,333 3