[Amended 4-5-1976 by FMC-88]
A. Adoption of annual budget. The Village has heretofore adopted 65
ILCS 5/8-2-9.1 through 5/8-2-9.9 or 65 ILCS 5/8-2-9 et seq. providing
for an annual municipal budget in lieu of the passage of an annual
appropriation ordinance.
B. Budget Officer. The Village Manager shall serve as the Budget Officer
and shall have the powers, duties and responsibilities enumerated
in the above sections of the Illinois Revised Statues as they are
now, or may hereafter be amended.
C. Compilation of annual budget. The Budget Officer shall compile a
budget pursuant to the above sections of the Illinois Compiled Statutes
as they are now, or may hereafter be amended, containing estimates
of the revenues available to the municipality for the fiscal year
to which it applies together with recommended expenditures for the
municipality and all of its boards, commissions and departments. Said
budget shall be adopted prior to May 1 of each fiscal year.
D. Public inspection, notice and hearing on budget. Copies of the tentative
annual budget shall be made available as provided by statute.
[Amended 7-7-2014 by Ord.
No. 2014-1783]
E. Revision of annual budget. The Village Board may delegate authority
to heads of municipal departments, boards or commissions to delete,
add to, or change items previously budgeted subject to such limitation
or requirement for prior approval by the Budget Officer as the Village
Board, upon a two-thirds vote of the Village Board, may establish.
The annual budget may be revised by a vote of 2/3 of the Village Board
by deleting, adding to or changing budgeted items. 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.
[Amended 7-7-2014 by Ord.
No. 2014-1783]
[Amended 4-5-1979 by FMC-88; 7-7-2014 by Ord. No. 2014-1783]
A. A tax levy ordinance shall be enacted annually, as required by law,
levying such taxes as may be needed to meet the anticipated expenses
of the coming year, together with such taxes as may be required to
meet outstanding bond issues, or for other purposes payable from special
taxes properly authorized.
B. A certified copy of the tax levy ordinance shall be filed with the
County Clerk at such time as is required by law.
[Amended 4-5-1976 by FMC-88]
No indebtedness shall be incurred, excepting such indebtedness
as may be payable solely from the proceeds of a duly authorized bond
issue or from a designated specified source, unless provided for in
the current budget.
[Amended 8-2-1976 by FMC-92]
Any contract authorized by the corporate authorities may be signed on behalf of the Village by either the Mayor, the Village Manager or any other person designated by the Board of Trustees. No contract may be entered into without the authority of the corporate authorities, except by the Manager pursuant to, and within the limitations of, Chapter
5, Officers and Employees, §
5-6-4I, of this Code.
All bills payable by the Village, other than for the payment
of salaries established by the corporate authorities, shall be submitted
to the said corporate authorities for approval before payment except
as allowed in the Village Board approved purchasing policy.
[Amended 7-7-2014 by Ord.
No. 2014-1783]
The Treasurer shall pay out money in payment of all bills, or
for salaries, or for any other purpose. The retirement of principal
or interest on bonds or tax anticipation warrants shall be paid only
upon warrant signed by the Mayor and the Clerk as provided by the
statute. Such warrants shall designate the items to be paid and the
funds from which they are to be paid.
[Amended 7-7-2014 by Ord.
No. 2014-1783]
As soon as practicable at the close of each fiscal year, and
no later than six months thereafter, there shall be an audit of all
accounts of the Village made by a competent person authorized to act
as an auditor under the laws of Illinois, to be designated by the
corporate authorities. Copies of such audit report shall be filed
with the Village Clerk and with the Comptroller and in such other
places as may be required by law.
[Added 4-5-2021 by FMC-2021-2]
All work, public improvements, purchase contracts for either labor, materials or both, when the expense thereof shall exceed $25,000, shall be let to the lowest responsible bidder after advertising for bids in the manner set forth in §
25-2-2.