The annual budget may contain money set aside for contingency purposes not to exceed 10% of the total budget, less the amount set aside for contingency purposes, which monies may be expended for contingencies upon a majority vote of the corporate authorities then holding office.
(65 ILCS 5/8-2-9.7) (2000 Code, § 36.07) (Ord. 1344, passed 3-7-1988)