Title
Budget Adjustments 2nd Quarter FY09
History
A detailed spreadsheet (by fund) of budget adjustments is attached showing a decrease in revenues of $12,680 and a decrease in expenditures of $9,776.
The decrease in revenues of $12,680 is due to the following:
• A reduction in transfers to the Insurance Fund due to implementation of Health Savings Account program - decrease of $12,680
The decrease in expenditures of $9,776 is due to the following:
• Staff enrollment in the Health Savings Account program - decrease of $12,680
• Village contributions to Health Savings Account program - increase of $28,000
• Deleting open positions from the budget - decrease of $87,594
• Telephone Maintenance Fees - not included in approved FY2009 budget - increase of $12,000
• Orland Park Public postage - not included in approved FY2009 budget - increase of $19,500
• Purchase of police vehicle funded by DCOE grant - increase of $25,000
• Centennial Park Bioswale - additional amount needed to fund 319 Grant required expenditures - increase of $5,998
Financial Impact
The attached spreadsheet identifies the budget impact.
Recommended Action/Motion
I move to approve amending the FY2008 revenue budget by $12,680 and the FY2008 expenditure budget by $9,776.