Sec. 34-45. Budget appropriations.

165 words·~1 min read·/il/chapter-105/act-5/34-45

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Sec. 34-45. Budget appropriations. The budget shall specify:

1. the several organization units, purposes, and objects for which appropriations are

made;

2. the amount appropriated for each organization unit, purpose or object; and

3. the fund from or to which each amount appropriated is to be paid or charged.

The budget shall include appropriations for:

1. all estimated current expenditures or charges to be made or incurred during such

fiscal year, including interest to accrue on anticipation tax warrants and temporary loans;

2. all final judgments, including accrued interest thereon, entered against the board

and unpaid at the beginning of such fiscal year;

3. any amount for which the board is required to reimburse the working cash fund from

the educational purposes fund pursuant to Sections 34-30 through 34-36; and

4. all other estimated liabilities, including the principal of all tax anticipation

warrants and all temporary loans and all accrued interest thereon, incurred during prior years and unpaid at the beginning of such fiscal year.