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An Ordinance Adopting Section 36.50 and Appendix A of the Village Code of Ordinances (Financial Planning Policies)
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WHEREAS, it is the responsibility of the Corporate Authorities to periodically review and assess the standards and policies in place at the Village to guide all aspects of the conduct of Village business and operations; and
WHEREAS, as a result of such periodic review and analysis of such standards, the Village has determined that it is in its best interests and consistent with best municipal financial practices to adopt and employ a financial planning policy to guide the Village in planning for, creating and approving Village budgets, and in managing Village financial business throughout the year.
NOW THEREFORE BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES FOR THE VILLAGE OF ROMEOVILLE, WILL COUNTY, ILLINOIS; THAT:
SECTION 1: RECITALS. The foregoing recitals are hereby incorporated into this Ordinance as if fully set forth herein.
SECTION 2: ADOPTION OF SECTION 36.50 OF THE VILLAGE CODE OF ORDINANCES. All those heretofore adopted ordinances of the Village of Romeoville codified as and for Section 36.50 of the Village Code of Ordinances:
36.50 Village Financial Planning Policies. The Financial Planning Policies of the Village are hereby set forth in Appendix A to Chapter 36 of this Code of Ordinances. These policies shall guide the Village in planning for, preparing and implementing Village budgets, and in managing Village financial business throughout the year.
SECTION 3: SEVERABILITY. That the various provisions of this Ordinance are to be considered severable and if any part or portion of this Ordinance shall be held invalid by any Court of competent jurisdiction, such decision shall not affect the validity of the remaining provisions of this Ordinance.
SECTION 4: CONFLICTS. All prior Ordinances and Resolutions, or parts thereof in conflict or inconsistent with this Ordinance are hereby expressly repealed only to the extent of such conflict or inconsistency.
SECTION 5: EFFECTIVE DATE. This Ordinance shall be in full force and effect from and after its passage, approval and publication in pamphlet form as provided by law.