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HomeMy WebLinkAbout12/11/1980 FC MinutesVillage of Mount Prospect 100 S. Emerson Mount Prospect, Illinois 60056 FINANCE COMMISSION DECEMBER'll, 1980 Minutes Meeting was called to order at 8:00 P.M. Present: Chairman Ronchetto, Commissioners Beier, Bachhuber, Haase, Hallman, Holloway, Smilanic. The Commission began by reviewing the final recommendations for increases to the liquor license fees as passed by the Finance Committee. They noted that the increase will result in an additional $23,250; the original Commission recommendation would have brought in $28,050 annually. Review of the Six -Month Report The Commission reviewed the six-month financial report. Chairman Ronchetto noted that the Finance Committee was going to recommend that no abatement of the tax levy be made. Chairman Ronchetto then noted that the Commission had three alternatives in looking at the tax levy recommendation - 1) do nothing 2) endorse the recommendation 3) make a recommendation of its own to cut the levy. The Commission held a wide-ranging discussion regarding many items which would affect the tax levy. It was suggested that a hard look be taken at the Village pay scale and that the administration be urged to take a tough position in the upcoming labor negotiations. Chairman Ronchetto suggested that the General Fund and the Revenue Sharing Fund be considered together because they can be used for the same expenses. The Commission then discussed the possibility of cutting the tax levy. There was considerable support for recommending that a cut be made as a message to the Board and Administration that spending be slowed down. Commissioner Hallman noted that spending had been exceeding revenues which was drawing down on the surplus; the revenues would have to be brought back up to maintain services. Commissioner Holloway moved, seconded by Commissioner Bachhuber to recommend that $250,000 be cut from the General Fund Tax Levy. - 2 - Commissioner Smilanic moved to cut the levy by $300,000. The motion faired for lack of a second. The original motion passed by a vote of 6-1 with Commissioner Hallman voting no. The Commission agreed to have Chairman Ronchetto convey this recommendation to the Mayor and Board about the tax levy and spending limits in general. Commissioner Hallman urged the Commission to look at the effect that spending cuts will have on services. Commissioner Smilanic moved, seconded by Commissioner Haase that the Commission recommend to the Mayor & Board to direct the Manager to prepare a budget treating General Fund and Revenue Sharing together and that next year's expenses should not exceed current reve- nues plus $500,000 of surplus with no tax or fee increases. The Manager could have an additional priority list. Chairman Ronchetto suggested that the Manager look at these limits as a point of departure with "wish list". He suggested that the leanest possible budget be presented. Commissioner Smilanic moved, seconded by Commissioner Beier to amend the original motion to change the "$500,000" to "a number designated by the Board". The amendment and the original motion passed. The Commission asked the Chairman to convey this motion to the Board along with the tax levy recommendation. The meeting was adjourned at 10:45 P.M.