Title
FY2024 Budget Amendment #2
History
A detailed spreadsheet (by fund) reflecting budget adjustments is attached.
Budget Transfer
As we approach the end of 2024, a few line items require adjustments. The current General Fund budget contains an expenditure line item for contingency in the amount of $500,000. Finance recommends using the entire $500,000 contingency to cover operational expenses in excess of the approved budget within the General, Capital, and Insurance Funds. These expenditure items include legal services, special events, Taste of Orland, additional funds for SAFEbuilt inspectors, and other increases in the scope of capital projects. The remainder of the contingency budgeted would be applied to the Insurance Fund toward the acquisition of property at 11112 139th Street, Orland Park, IL 60462.
· Taste of Orland -General Fund
Additional expenses include shuttle buses to/from remote parking lot and ADA accommodations, bag check staff, additional rental needs including increased portable restrooms and cleaning service expenses. Recreation and Parks is requesting $21,500.
· Special Events -General Fund
Requested adjustment of $35,821 would support special events expenditures, such as the purchase of 4 additional weapons detector units, bag check staff, shuttle bus and additional restrooms.
· SAFEbuilt Inspectors-General Fund
Due to a May 2024 hailstorm, building permit activity to-date has more than doubled 2023 permits. Issued permits have resulted in roof replacements, and now requests for inspections. The $100,000 budget for 2024 will not cover inspection costs, which is estimated 40 inspections per day. Staff estimates additional inspection costs for October, November, and December will be $17,510. Factoring an estimated 10% contingency, staff is requesting an increase of $19,500. This resulting in a total line budget of $119,500 for this service. Finance is requesting to transfer funds from General Fund Contingency budget to cover th...
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