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HomeMy WebLinkAbout05/28/2015 FC MinutesFINANCE COMMISSION Minutes of the Meeting May 28, 2015 1St Floor Community Center Village Hall 50 S Emerson Street I. Call to Order The meeting was called to order at 7:OOp.m. Those present included Chairman Vince Grochocinski and Commissioners Pamela Bazan, Trisha Chokshi, Tom Pekras and Mary Rath. Deputy Finance Director Lynn Jarog and Acting Village Manager David Strahl were also in attendance. Two residents of Mount Prospect were present, Louis Goodman and Kathy Scalletta. II. Approval of Minutes October 23, 2014 — Commissioner Tom Pekras motioned to approve the minutes. Commissioner Pam Bazan seconded the motion. Motion passed. March 26, 2015 — Commissioner Trish Chokshi motioned to approve the minutes. Commissioner Pam Bazan seconded the motion. Motion passed. III. Citizens to be Heard The two residents in attendance did not have any comments at this time, but requested the ability to comment on topics discussed as the meeting progressed. IV. Old Business Property Tax Levy — There was a lively discussion of the new options presented which included a few comments by resident Louis Goodman. Commissioner Tom Pekras moved the Finance Commission recommend pensions should be funded at a minimum of 100% of ARC and debt should be funded at the required amount and the general fund should be frozen at the prior year level. Commissioner Mary Rath seconded the motion. Motion passed. V. New Business Vehicle Replacement Program — Deputy Finance Director Lynn Jarog presented a detailed look at this complex program. Also discussed was the Village Assigned Vehicle Policy which has been approved by the Village Trustees. VI. Other Business There was no other business. VII. Chairman's Report Chairman Vince Grochocinski gave an update on the Audit. It is taking a little longer than in the past due to a new audit firm and scheduling issues. There should be more information available at the next meeting. VIII. Finance Director's Report There was no Finance Director report. IX. Next Meeting: June 25, 2015 The next meeting will be Thursday, June 25, 2015 7:00p p.m. at Village Hall, 1St Floor Community Center. X. Adjournment Commissioner Tom Pekras moved to adjourn the meeting. Commissioner Trisha Chokshi seconded the motion. The meeting was adjourned at 8:50 p.m. Respectfully submitted, Pamela Bazan