70 ILCS 1205/4-4
2021 Illinois Compiled Statutes|Chapter 70 - SPECIAL DISTRICTS|70 ILCS 1205/ - Park District Code.|Article 4 - Officers--Elections--Powers and Duties

 (from Ch. 105, par. 4-4)Sec. 4-4. Adoption  of budget and passage of annual appropriation ordinance required.   The governing body of each Park District shall, within or before the  first quarter of each fiscal year, adopt a combined annual budget and  appropriation ordinance, by which ordinance the board may appropriate such  sum or sums of money as may be deemed necessary to defray all necessary  expenses and liabilities of such Park District, and in such annual budget  and appropriation ordinance shall specify the objects and purposes for  which such appropriations are made, and the amount appropriated for each  object or purpose.The budget included in such ordinance shall contain a statement of the  cash on hand at the beginning of the fiscal year, an estimate of the cash  expected to be received during such fiscal year from all sources, an  estimate of the expenditures contemplated for such fiscal year, and a  statement of the estimated cash expected to be on hand at the end of such  year. The estimate of taxes to be received may be based upon the amount of  actual cash receipts that may reasonably be expected by the Park District  during such fiscal year, estimated from the experience of the Park District  in prior years and with due regard for other circumstances that may  substantially affect such receipts. However, nothing in this Act shall be  construed as requiring any Park District to change or preventing any Park  District from changing from a cash basis of financing to a surplus or  deficit basis of financing; or as requiring any Park District to change or  preventing any Park District from changing its system of accounting.The governing body of each Park District shall fix a fiscal year  therefor.Such budget and appropriation ordinance shall be prepared in tentative  form by some person or persons designated by the governing body, and in  such tentative form shall be made conveniently available to public  inspection for at least 30 days prior to final action thereon. At least one  public hearing shall be held as to such budget and appropriation ordinance  prior to final action thereon, notice of which shall be given by  publication in a newspaper published in such Park District, at least one  week prior to the time of such hearing. If there is no newspaper published  in such Park District, notice of such public hearing shall be given by  posting notices thereof in 5 of the most public places in such Park  District. It shall be the duty of the secretary of such Park District to  make such tentative budget and appropriation ordinance available to public  inspection, and to arrange for such public hearing or hearings. Except as  hereinafter provided, no further appropriations shall be made at any  other time within such fiscal year, provided that the board of such Park  District may from time to time make transfers between the various items in  any fund in such appropriation ordinance not exceeding in the aggregate 10%  of the total amount appropriated in such fund by such ordinance, and may  amend such budget and appropriation ordinance from time to time by the same  procedure as is herein provided for the original adoption of a budget and  appropriation ordinance; provided that nothing in this Section shall be  construed to permit transfers between funds required by law to be kept  separate. However, during any fiscal year, the governing body of any Park District may adopt a supplemental appropriation ordinance subsequent to the adoption of the annual appropriation ordinance for that fiscal year in an amount not to exceed the aggregate of any additional revenue available to the Park District or estimated to be received by the Park District. The provisions of this Section regarding publication, notice, and public hearing shall not apply to the supplemental ordinance or to the budget document forming the basis of the ordinance.After the first 6 months of any fiscal year have elapsed the board may  by two-thirds vote transfer from any appropriation item its anticipated  unexpended funds to any other item of appropriation, theretofore made, and  the item to which said transfer is made may be increased to the extent of  the amount so transferred.The provisions of "The Illinois Municipal Budget Law", approved July 12,  1937, as now or hereinafter amended, are not applicable to Park Districts  organized under this Act.The failure of the governing body of any park district to adopt an  annual budget and appropriation ordinance, or to comply in any respect with  the provisions of this Section, shall not affect the validity of any tax  levy of any such park district, otherwise in conformity with the law. The  budget and appropriation ordinance for any fiscal year is not intended or  required to be in support of or in relation to any tax levy made during  that fiscal year.  (Source: P.A. 98-278, eff. 8-9-13.)