A RESOLUTION AUTHORIZING THE TRANSFER OF $10,360.77 FROM FUEL & LUBRICATION ACCOUNT TO ELECTRIC POWER ACCOUNT FY 2002/2003 BUDGET
WHEREAS, the Public Works Department tracks and pays many Commonwealth Edison bills for the Village; and
WHEREAS, the Village has slowly been adding new service accounts; and
WHEREAS, $77,000 was budgeted for this service and the final account expenditure was $87,360.77; and
WHEREAS, with the increase in service accounts and increase of day-to-day service rates charged by Commonwealth Edison it is very difficult to budget the cost of electric usage; and
WHEREAS, funds are needed in the electric account to cover the overage of electric service used in 2002/2003 budget year; and
WHEREAS, funds were not used in the Fuel & Lubrication account in 2002/2003 budget year.
NOW THEREFORE BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF VERNON HILLS, LAKE COUNTY, ILLINOIS: THAT, the Finance Director is directed to transfer $10,360.77 from Fuel & Lubrication account (0102040-530140) to Electric Power account (0102040-520050).
Dated the 15th of July 2003
Adopted by roll call votes as follows:
ABSENT AND NOT VOTING: