55 ILCS 5/6-24001
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-24001)Sec. 6-24001.     Annual appropriation bill.     The board of  commissioners of Cook County shall, within the first quarter of  each fiscal year adopt a resolution, to be termed the annual appropriation  bill, in and by which resolution said board shall appropriate such sums of  money as may be necessary to defray all necessary expenses and liabilities  of said Cook County, to be by said county paid or incurred during and until  the time of the adoption of the next annual appropriation bill under this  section: Provided, that said board shall not expend any money or incur any  indebtedness or liability on behalf of said county in excess of the  percentage and several amounts now limited by law, and based on the limit  prescribed in the Constitution, when applied to the last previous  assessment. For the year 1931 and each year thereafter, such appropriation  bill shall set forth estimates, by classes, of all current assets and  liabilities of each fund of such county, as of the beginning of said fiscal  year, and the amounts of such assets available for appropriation in such  year, either for expenditures or charges to be made or incurred during such  year or for liabilities unpaid at the beginning thereof. Such board by  resolution may create, set apart and maintain an imprest cash fund for  monies which have been advanced by such county for state programs pursuant  to law prior to reimbursement by the state for expenses incurred by such  county. The monies shown as the balance in such fund in such appropriation  bill shall not be considered to be available for appropriation. Estimates  of taxes to be received from the levies of prior years shall be net, after  deducting amounts estimated to be sufficient to cover the loss and cost of  collecting such taxes and also the amounts of such taxes for the nonpayment  of which real estate has been or shall be forfeited to the State and  abatements in the amount of such taxes extended or to be extended upon the  collectors' books. Estimates of the liabilities of the respective funds  shall include (a) all final judgments, including accrued interest thereon,  entered against such county and unpaid at the beginning of such fiscal  year, (b) the principal of all anticipation tax warrants and all temporary  loans and all accrued interest thereon unpaid at the beginning of such  fiscal year, (c) the principal of all notes issued in anticipation of taxes  under the provisions of Division 6-2, and all accrued interest  thereon unpaid at the beginning of such fiscal year, and (d) any amount for  which the board of commissioners is required to reimburse the working cash  fund from the general corporate fund pursuant to the provisions of  Division 6-27. Such annual appropriation  bill shall also set forth detailed estimates of all taxes to be levied for  such year and of all other current revenues to be derived from sources  other than such taxes, including any funds authorized by Division 6-6 and  any funds made available under Section 5-701.10 of the "Illinois Highway  Code", approved July 8, 1959, as amended, which will be applicable to  expenditure or charges to be made or incurred during such year. No estimate  of taxes to be levied for general corporate purposes, or for any other  purpose, except for the payment of bonded indebtedness or interest thereon,  and except for pension fund purposes or working cash fund purposes, shall  exceed a sum equivalent to the product of the value of the taxable property  in such county, as ascertained by the last assessment for state and county  taxes previous to the passage of such annual appropriation bill, multiplied  by the maximum per cent or rate of tax which such county is authorized by  law to levy for said current fiscal year for any such purpose or purposes  with reference to which such estimate is made. All such estimates shall be  so segregated and classified as to funds and in such other manner as to  give effect to the requirements of law relating to the respective purposes  to which said assets and taxes and other current revenues are applicable,  to the end that no expenditure shall be authorized or made for any purpose  in excess of funds lawfully available therefor, including any funds  authorized by Division 6-6 and any funds made available under Section 5-701.10  of the "Illinois Highway Code," approved July 8, 1959, as amended.    (Source: P.A. 86-962.)