HomeMy WebLinkAboutOrd 2722 07/19/1977
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ORDINANCE NO. 2722
AN ORDINANCE CHANGING THE PURPOSE AND
RESPONSIBILITIES OF THE FINANCE COl\lMISSION
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE
OF MOUNT PROSPECT, COOK COUNTY, ILLINOIS:
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SECTION ONE: That, pursuant to the power and authority given Home Rule Units
in Article VII of the 1970 Constitution of the State of Illinois, Section 5.1701 and
Section 5.1704 of Chapter 5 of the Municipal Code of N[ount Prospect of 1957, as
amended, be and the same is hereby further amended in its entirety; so that said
Article XVIII of Chapter 5 shall hereafter be and read as follows:
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"SECTION 5 .1701. Creation and PurP9~. In that it is useful to the economi
welfare of' the Village of Mount Prospect, there is hereby created a citizens'
Commission which shall be knOVll1 as the Finance Commission of the Village
of Mount Prospect for the purpose of advising and assisting the Village
President and Board of Trustees in the maintenance of a sound tax structure
and overall fiscal policy for the Village.
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SECTION 5.1704. Duties and Responsibilities. In advising and assisting' thb
Village President and Board of Trustees, the Finance Commission shall hav,~ t~J.e
following powers. duties and obligations, the exercise of which shall be I
dedicated to the promotion of the public interest and financial stability of the
Village of Mount Prospect. I
A. To establish a standing sub-committee within such Commission consistingl
of not less than three members for the purpose of projecting the VillHge 1
Budget on a hypothetical basis for one or more years beyond each curren.
fiscal period.
B. To make findings and recommendations regarding Village finances, from
time. to time as it shall deem liseful.
C. To make findings and recommendations regarding such charges as the
Village President or the Board of Trustees may make to the Commission
from time to time.
D. To make periodic reports on its progress. findings and recommendations 0
the President and the Board of Trustees regularly, not less than every sL
months. II
I SECTION -TWO: That this Ordinance shall be in full force and effect from and after
I its passage, approval, and publication in the manner provided by law.
I AYES: 4
NAYS: I
P ASSED 1:h;.~ ..!~th__ day of July
A?PRC>VED H-Js 19th day of July
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, 1977.
, 1977.
APPROVED:
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Village P eSldent
ATTE3T:
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village Clerk