The Village Manager has the authority to approve budget transfers where the amount, in total, does not exceed $5,000 and the transfer is within the same department. Any transfers in excess of $5,000 and/or transfers between departments must be presented to the Village Board for its approval. Any increase or decrease to the budget, in the form of a budget amendment must also be presented to the Village Board for its approval. Pertaining to program budgets, the Village Manager has the authority to approve budget transfers, in any amount, between programs within the same department as long as the total amount of the department’s budget does not change.
(Ord. 2009-10-59, passed 10-19-2009)