HomeMy WebLinkAboutOrd 4717 04/05/1995 ORDINANCE NO. 4717
AN ORDINANCE AMENDING ARTICLE V OF CHAPTER 8
OF THE VILLAGE CODE OF MOUNT PROSPECT
Passed and approved by
the President and Board of Trustees
the 5th day of April , 1995
Published in pamphlet form by
authority of the corporate
authorities of the Village of
Mount Prospect, Illinois, the
5th day of April , 1995.
AF/
3/27/96
ORDINANCE NO. 4717
AN ORDINANCE AMENDING ARTICLE V OF CHAPTER 8
OF THE VILLAGE CODE OF MOUNT PROSPECT
WHEREAS, the Village of Mount Prospect has operated under a fiscal year beginning
May 1 and ending Apdl 30; and
WHEREAS, it has been determined that the Village would benefit from operating
under a calendar year; and
WHEREAS, the corporate authorities of the Village of Mount Prospect have
determined that it would be in the best interest of the Village to establish a calendar
year fiscal year, January 1 through December 31 of each year, beginning January 1,
1996; and
WHEREAS, in order to begin a complete calendar year fiscal year, it will be necessary
to have an eight (8) month budget year in 1995, beginning May 1, 1995 and ending
December 31, 1995 and thereafter the fiscal year will begin January 1 and end
December 31 of each year.
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
SECTION ONE: That Section 8.502 entitled "Fiscal Year" of Chapter 8 of the
Village Code, as amended, is hereby further amended in its entirety; so that hereafter
said Section 8.502 shall be and read as follows:
" Section 8.502. Fiscal Year. The fiscal year beginning May 1, 1995
shall end December 31, 1995. Effective January 1,
1996, the fiscal year for the Village shall begin on the first day of January
and end on the last day of December of each year."
SECTION TVVO: That this Ordinance shall be in full force and effect after its
passage, approval and publication in pamphlet form in the manner provided by law.
AYES: Clowes, Hendricks, Hoefert, Skowron, Wilks
NAYS: None
ABSENT: Skowron
PASSED and APPROVED this 5th day of April ,1995.
~~~ ~~ Village President /
Carol A. Fields
Village Clerk