File #: 18-7063    Version: 1 Name: FY 2019 Budget Amendment 1
Type: Budget Amendment Status: Approved
File created: 11/13/2018 In control: Finance Committee
On agenda: 11/15/2018 Final action: 11/15/2018
Title: PROPOSED BUDGET AMENDMENT Amendment Number: 1 Source of Funding: Property Taxes - Tax Increment Financing Taxes; Fees and Licenses - County Treasurer; Reimbursements from Other Governments - Indirect Costs & State of Illinois Impact of Amendment: $11,465,911 Explanation of Amendment: Amendment to increase the "Property Taxes - Tax Increment Financing Taxes" revenue estimate due to the City of Chicago reporting a higher surplus than initially estimated. Increase to the "Fees and Licenses - County Treasurer" revenue estimate to account for an update to projected collections. Increase to the "Reimbursements from Other Governments - Indirect Costs & State of Illinois" revenue estimates to account for an update to projected reimbursements. Budgetary Unit: Revenue Estimate Comments: Details of the amendment are attached.
Sponsors: JOHN P. DALEY, DEBORAH SIMS
Attachments: 1. FY 2019 Amendment 1

title

PROPOSED BUDGET AMENDMENT

 

Amendment  Number: 1

 

Source of Funding:  Property Taxes - Tax Increment Financing Taxes; Fees and Licenses - County Treasurer; Reimbursements from Other Governments - Indirect Costs & State of Illinois

 

Impact of Amendment: $11,465,911

 

Explanation of Amendment:  Amendment to increase the "Property Taxes - Tax Increment Financing Taxes" revenue estimate due to the City of Chicago reporting a higher surplus than initially estimated. Increase to the "Fees and Licenses - County Treasurer" revenue estimate to account for an update to projected collections.  Increase to the "Reimbursements from Other Governments - Indirect Costs & State of Illinois" revenue estimates to account for an update to projected reimbursements.

 

Budgetary Unit:  Revenue Estimate

 

Comments:     

 

Details of the amendment are attached.

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