Ordinance 2017-15 SIATE Of ILLINOIS
GOOM of IDOL
- FILED -
MAY 2 4 20V
coum
KWMOR
UNITED CITY OF YORKVILLE
KENDALL COUNTY, ILLINOIS
ORDINANCE NO. 2017-15
AN ORDINANCE AUTHORIZING THE SEVENTH 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 11 Phday of April,2017
Published in pamphlet form by the
authority of the Mayor and City Council
of the United City of Yorkville,Kendall
County,Illinois on May 22,2017.
Ordinance No. 2017--/5
AN ORDINANCE AUTHORIZING THE SEVENTH 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 Downtown TIF 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.2017- IT
Page 2
Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this
day of -APRIL ,2017.
CITY CLERK
CARLO COLOSIMO y KEN KOCH
JACKIE MILSCHEWSKI y ARDEN JOE PLOCHER y
CHRIS FUNKHOUSER y JOEL FRIEDERS
SEAVER TARULIS DIANE TEELING 1
Approved by me, as Mayor of the United City of Yorkville, Kendall County, Illinois, this
o?S day of 4PA 1 L , 2017.
R
Ordinance No.2017- J`
Page 3
Schedule A
DOWNTOWN TIF FUND (88)
The Downtown TIF was created in 2006,in order to finance a mixed use development in the downtown area.
FY 2017 FY 2017
FY 2014 FY 2015 FY 2016 Adopted Amended
Actual Actual Actual Budget Budget
Revenue
Taxes 62,269 60,027 68,868 70,000 70,000
Investment Earnings 53 1 3 50 50
Miscellaneous 184 187 236 - -
Other Financing Sources 8,500 - - - -
Total Revenue 71,006 60,215 69,107 70,050 70,050
Expenditures
Contractual Services 26,843 20,045 17,830 35,360 35,360
Capital Outlay 29,568 19,106 36,668 17,420 387,420
Other Financing Uses - 13,500 - - -
Total Expenditures 56,411 52,651 54,498 52,780 422,780
Surplus(Deficit) 14,595 7,564 14,609 17,270 (352,730)
Ending Fund Balance 231,259 239,096 253,703 (154,775) (99,027)
410.0% 454.1% 465.5% -293.2% -23.4%
$300
4A $200
c
3 $100
0
L
~ $0
($100)
($200)
1
United City of Yorkville
Downtown TIF Fund
88
DOWNTOWN TIF FUND REVENUE
FY 2014 FY 2015 FY 2016 FY 2017 FY 2017
Account Description Actual Actual Actual Adopted Amended
Taxes
88-000-40-00-4000 PROPERTY TAXES 52,811 60,027 68,868 70,000 70,000
88-000-40-00-4070 BUSINESS DISTRICT TAX 9,458 - - - -
Moved to General Fund
Total: Taxes $62,269 $60,027 $68,868 $70,000 $70,000
Investment Earnings
88-000-45-00-4500 INVESTMENT EARNINGS 53 1 3 50 50
Total: Investment Earnings $53 $1 $3 $50 $50
Miscellaneous
88-000-48-00-4850 MISCELLANEOUS INCOME 184 187 236 - -
Total: Miscellaneous $184 $187 $236 $0 $0
Other Financing Sources
88-000-49-00-4910 SALE OF CAPITAL ASSETS 8,500 - - - -
Total: Other Financing Sources $8,500 $0 $0 $0 $0
Total: DOWNTOWN TIF REVENUE $71,006 $60,215 $69,107 $70,050 $70,050
2
Downtown TIF Fund
880
DOWNTOWN TIF FUND EXPENDITURES
FY 2014 FY 2015 FY 2016 FY 2017 FY 2017
Account Description Actual Actual Actual Adopted Amended
Contractual Services
88-880-54-00-5425 TIF INCENTIVE PAYOUT 12,315 16,196 15,223 20,000 20,000
88-880-54-00-5462 PROFESSIONAL SERVICES 258 276 2,051 360 360
88-880-54-00-5466 LEGAL SERVICES 4,812 3,573 556 15,000 15,000
88-880-54-00-5493 BUSINESS DISTRICT REBATE 9,458 - - - -
Total: Contractual Services $26,843 $20,045 $17,830 $35,360 $35,360
Capital Outlay
88-880-60-00-6000 PROJECT COSTS 9,568 11,686 29,248 10,000 10,000
88-880-60-00-6011 PROPERTY ACQUISITION - - - - 370,000
88-880-60-00-6048 DOWNTOWN STREETSCAPE IMPROVEMENT - - - - -
88-880-60-00-6079 ROUTE 47 EXPANSION 20,000 7,420 7,420 7,420 7,420
Total: Capital Outlay $29,568 $19,106 $36,668 $17,420 $387,420
Other Financing Uses
88-880-99-00-9923 TRANSFER TO CITY-WIDE CAPITAL - 13,500 - - -
Total: Other Financing Uses $0 $13,500 $0 $0 $0
Total: DOWNTOWN TIF EXPENDITURES $56,411 $52,651 $54,498 $52,780 $422,780
3