Tinley Park board authorizes up to $27,010,965 in interfund transfers
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Summary
The board approved Resolution 2025-R-53 authorizing maximum transfers from multiple funds; the actual amounts will be determined after the fiscal year close.
On April 29 the Tinley Park Board of Trustees adopted Resolution 2025-R-53 authorizing not-to-exceed interfund transfers from several village funds that total $27,010,965 in maximum authorizations.
The resolution sets maximum contemplated transfer amounts as follows: up to $10,000,000 from the general fund; $12,500,000 from the capital fund; $1,500,000 from the hotel-motel fund; $1,860,965 from the fire alarm fund; $1,000,000 from water and sewer operations (including water retail, water wholesale and sewer); and $150,000 from the commuter parking lot operations and maintenance fund. The resolution states the actual dollar amounts will be determined once the fiscal year has closed and may be less than the provided maximums.
Trustee Shaw moved for adoption; the clerk recorded affirmative roll-call votes and the resolution was approved. No amendments or conditions were recorded in the meeting transcript.