HomeMy WebLinkAboutRESOLUTION - 27-92 - 4/14/1992 - ESTABLISH ASSET SEIZURE FUND PROCEDURESRESOLUTION NO. 27-92
A RESOLUTION ESTABLISHING ASSET SEIZURE FUND PROCEDURES
NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees
of the Village of Elk Grove Village, Counties of Cook and DuPage, State of
Illinois as follows:
Section 1: That there is hereby established an Asset Seizure Fund
Procedure, a copy of which is attached hereto and made a part hereof as if
fully set forth.
Section 2: That this Resolution shall be in full force and effect
from and after its passage and approvaT according to law.
PASSED this 14th
APPROVED this 14th
ATTEST:
Patricia S. Smith
Village Clerk
day
of
April
1992.
day
of
April
1992.
Charles J. Zettek
Village President
ASSET SEIZURE FUND PROCEDURES
The Asset Seizure Fund was established in fiscal year 1990 to
account for the operations of law enforcement asset seizures and
forfeitures. Financing is provided by the confiscation of
criminal assets under guidelines established by State of Illinois
Chapter 56 1/2, Paragraph 15.05, and United States Title 21, USC
881. State law requires that monies received under Paragraph
15.05 be used for drug related law enforcement. Monies from
federal seizures can be used for any general law enforcement
purpose.
The Village of Elk Grove Village shall maintain an Asset Seizure
Fund to account for seized property and cash. The Village shall
establish separate state and federal accounts within the fund for
drug enforcement and law enforcement purposes respectively.
The fund shall be accounted for using generally accepted
accounting principles and be included in the Village's annual
audit.
An annual budget shall be proposed by the Chief of Police to the
Village Manager for approval by the Board of Trustees based on
funds available.
Requests for budget transfers within the Asset Seizure Fund shall
be made as needed by the Chief of Police and approved by the
Director of Finance consistent with current Village budget
practices. Requests for an increase in the approved budget
amount shall require Village Board approval.
The Village Manager shall approve all expenditures from the Asset
Seizure Fund up to $4,000. Expenditures in excess of $4,000
shall require Village Board approval.
Cash or real property seized by the Police Department shall be
reported to the Village Manager and the Director of Finance.
Cash and negotiable securities shall be remitted to the Director
of Finance in a timely manner for deposit into an interest
bearing bank account established for the Asset Seizure Fund.
Proper security and control procedures shall be enforced to
ensure the safety of the forfeited and/or seized monies.
Police Department use of seized real property such as equipment
shall require approval of the Village Manager. Use of seized
vehicles shall require approval of the Village Board.
Vehicles or other real property may be declared surplus property
and sold, traded, or otherwise appropriately disposed of
consistent with the current Village purchasing policy. Monies
derived from such disposal shall be remitted to the Asset Seizure
Fund.
04/02/92