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Waukegan committee approves $2 million transfer to cover approved fixed-asset costs
Summary
On Feb. 2 the Waukegan Finance & Purchasing Committee approved an ordinance correcting fiscal-year appropriations and a one-time $2,000,000 transfer from the general fund to the fixed asset replacement fund to allow previously approved expenditures to be paid.
The Waukegan Finance & Purchasing Committee voted Feb. 2 to correct this fiscal year’s appropriation ordinance and transfer $2,000,000 from General Fund 100 to Fixed Asset Replacement Fund 307 to cover previously approved council expenditures.
The ordinance repeals a redundant appropriation measure (listed in materials as ordinance 25-0-141) and addresses a shortfall…
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