Item Coversheet

Village Board
4/6/2020

Item: Report of Committee of the Whole Meeting of March 9,2020
Department: Village Manager's Office
 

Report of Committee of the Whole Meeting of March 9, 2020

 

 General Fund Surplus

 

Trustee LaBedz moved, seconded by Trustee Canty, that the Committee-of-the-Whole recommend that the Board of Trustees approve the transfer of the 2019 year-end General Fund Surplus of $3 million to the following funds:

 

Police Pension Fund                     $  1,250,000

Firefighters' Pension fund                 1,250,000

Capital Projects Fund                          500,000

TOTAL                                              3,000,000