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Board approves ordinance transferring appropriations to balance fiscal-year accounts
Summary
Trustees approved an ordinance transferring funds among accounts—reducing some benefit and maintenance accounts and increasing salaries, IMRF, and building maintenance—to balance the township’s fiscal-year budget.
The Riverside Township Board approved an ordinance transferring appropriations across multiple accounts to balance the fiscal year. The supervisor read the ordinance itemizing source accounts (hospital/dental/vision/life insurance; equipment maintenance; communications; maintenance equipment; maintenance of roads) and destination accounts (salaries; IMRF; building maintenance; website; telephone; assessor’s office; street lights).
Supervisor Wilt presented the specific account adjustments and asked for a motion to approve the transfer as read. Trustee Clark moved to approve and a second carried the motion by roll call.
The board did not alter the amounts read into the record at the meeting. Trustees discussed balancing negative variances by transferring from line items with available funds; the ordinance was approved as presented.
