Gurnee Park District 2016-2017 Annual GFOA Budget

Appendix C
Budget and Appropriations Ordinance
Fiscal Year 2016-17
Overview
After a detailed preparation and review of the proposed budget, the Gurnee Park District prepares
the legal document required under Illinois Compiled Statutes for Special Districts, Chapter 105,
paragraph 4-4. The Budget and Appropriation Ordinance must be adopted by the governing body
within the first quarter of each fiscal year.
The Ordinance shall contain a statement of cash on hand at the beginning of the fiscal year, and
estimate of the cash to be received during the fiscal year from all sources, an estimate of
expenditures contemplated for such fiscal year and a statement of the estimated cash expected
to be on hand at the end of the fiscal year.
The Ordinance shall be prepared in tentative form and made conveniently available for public
inspection for at least 30 days prior to final action. At least one public hearing shall be held
addressing the Budget and Appropriation Ordinance prior to final action. Notice of the public
hearing must be given in a local newspaper at least one week prior to the hearing. Page 18 of
this document contains the timeline for this year’s budget.
Attached is the tentative Budget and Appropriations Ordinance number 16/17-1, which will be
passed by the Board of Commissioners on May 17, 2016 and filed with the Lake County, Illinois
Clerk’s Office on May 20, 2016.
Gurnee Park District Appendix C-1