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70 ILCS 2605/5.5
(70 ILCS 2605/5.5) (from Ch. 42, par. 324o)
Sec. 5.5. At least 60 days prior to the beginning of the budget year, the
heads of all departments of the district shall prepare and submit to the executive director
detailed estimates of expenditure requirements with
respect to the contributions each department or organizational unit is
expected to make in achieving approved program objectives for the budget
year, compared with the actual figures of the preceding year and the
estimated figures for the current year. The expenditure estimates must be
in detail and must be classified to set forth the data by funds,
organization units, objects, character, and functions (activities) of
expenditures in accordance with the classification of expenditure accounts
adopted, or hereafter adopted, by the board of trustees. The detailed
estimates of expenditure shall be accompanied by written statements of
specific objectives to be achieved, the cost of achieving these objectives
and supporting work units and unit cost data wherever applicable.
Within 15 days after the receipt of the department expenditure
estimates, the executive director shall prepare and submit to the board
of trustees a sufficient number of complete copies of the departmental
estimates of expenditures together with the aggregate expenditure estimates
in detail and his own estimate of receipts of the district for the ensuing
fiscal year. The estimates of receipts must be in detail and must be
classified to show the receipts by funds, and the several sources of
receipts, including the proceeds to be derived from the sale of bonds, or
other property, and must be in accordance with the classification of
revenue accounts now or hereafter adopted by the board of trustees.
The board of trustees shall review the estimates both of anticipated
receipts and of anticipated expenditures, adding to, altering, revising,
increasing or decreasing the items of the estimates as it deems necessary
in view of the needs and available and probable receipts of the district.
The board of trustees shall then prepare a tentative budget setting forth
the detailed estimates both of expenditures and receipts together with all
supporting schedules, summary statements, drafts of the appropriation
ordinance, tax levy ordinance and other ordinances necessary to give effect
to the budget, in the form provided in Section 5.4 of this Act.
(Source: P.A. 95-923, eff. 1-1-09.)
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