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HomeMy WebLinkAbout11/07/2013 FC Minutes FINANCE COMMISSION Minutes of the Meeting November 7, 2013 Village Hall Building 50 South Emerson 1St Floor Finance Conference Room I. Call to Order The meeting was called to order at 7:02p.m. Those present included Chairman Vince Grochocinski and Commissioners Pam Bazan, Jim Gregory, John Kellerhals, Tom Pekras and Don Ocwieja. IL Approval of Minutes a) September 26, 2013. John Kellerhals moved to approve the minutes of September 26, 2013. Tom Pekras seconded the motion. The minutes were approved. b) October 17, 2013. John Kellerhals moved to approve the minutes of October 17, 2013. Tom Pekras seconded the motion. The minutes were approved. c) October 24, 2013. John Kellerhals moved to approve the minutes of October 24, 2013. Tom Pekras seconded the motion. The minutes were approved. III. Citizens to be Heard There were no citizens to be heard. IV. Old Business There was a discussion of options to fund the street repair and maintenance. The options were reviewed. There was a slight preference for Option 2, the 5 year step increase over the 5 year smoothing option. V. Review of Proposed 2012 Village Budget There was a lengthy discussion of the 2014 Village Budget. The Finance Commission believes the village has done a commendable job of providing services within the financial constraints that exist. Those constraints include the difficulty a portion of residents have paying their property tax bill. There was a discussion of why a new fire truck was needed with one currently mothballed. The discussion included the probable additional expenses that might accompany a new truck. There was a general discussion by the Finance Commission of better recognizing and asking about future on-going expenses or maintenance of capital projects or grant related expenditures. An example would be the use of paver bricks in certain areas of the Village. 1 A recurring question of Finance Commission meetings is how the Village might be able to hold the line on property tax increases. There was significant amount of discussion on this topic during the meeting. The Commission recognizes that Sales Taxes have returned to pre downturn levels. There was concern voiced about what the future holds. People will continue to shop but Amazon and internet sales appear to be growing at a faster rate when compared to physical stores. If that trend continues how is that managed? VI. Any Other Business There was no Other Business VII. Chairman's Report There was nothing to report. VIII. Finance Director's Report There was nothing to report. IX. Next Meeting The next meeting will be Thursday, January 23, 2014, 7:00 p.m. at Village Hall, 1st Floor Community Center. The December 2013 meeting was cancelled. X. Adjournment Commissioner Kellerhals motioned to adjourn the meeting. Commissioner Pekras seconded the motion. The meeting was adjourned at 10:35 P.M. Respectfully Submitted, Don Ocwieja 2