HomeMy WebLinkAbout01/20/1982 FC MinutesMINUTES OF THE MOUNT PROSPECT FINANCE COMMISSION
JANUARY 20, 1982
The Finance Commission meeting was called to order at 8:00 P.M.
Commission members present: Chairman Ronchetto, Commissioners Beier,
Holloway, Magnuson and Smilanic
Also present: Village Manager Burghard, Director of
Management Services Hedstrom, Comptroller
Jesse, and Jean Rudolph of the Herald
Minutes of January 6, 1982 were approved as presented.
Chairman Ronchetto asked members of the Commission to comment on the
preliminary draft of a memorandum prepared for the Mayor and Board of
Trustees relating to their review of the 1982-83 Budget, specifically
the General and Revenue Sharing Funds.
Revenue projections for remainder°;of current year and next year considered
generally reasonable with special note of the delayed vehicle license
receipts, G.I.E. Insurance deposit return, and one-time revenues.
The report further recommends a slightly higher year-end cash balance to
reduce possible interfund borrowing, provide some margin for error in
projections, and to provide for the expected squeeze on Federal funding
and one-time revenue sources.
The Commission suggests total spending reduction of approximately $150,000
between now and April 30, 1983. The Commission makes the following sugges-
tions for reducing spending for consideration by the Manager and Board:
1 Review vacancies relative to replacement.
2. Review items currently budgeted but not spent.
3. Effectiveness of Police Youth Counselor relative to
reimbursement of cost by High School District.
4 Temporary elimination of position(s) in Code Enforcement.
5. Continue to review organizational structure of all
departments relative to levels of management.
Motion by Commissioner Holloway, seconded by Commissioner Magnuson, to
adopt the preliminary draft with some modification and be presented to the
Mayor and Board of Trustees.
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Chairman Roncetto stated this did not conclude the Commissions review
of the 1982-83 Budget, and that they may have more input relative to
other funds or activities.
Commissioners had further questions relating to personnel head -count
breakdown, percentage increase relating to salaries, sick leave benefit
cost projection, street lighting cost increase, postage in Waterworks
and Sewerage Fund, and program text revisions.
Chairman Ronchetto will announce the next meeting date at a later time
to review the insurance program. He has asked Paul Anda, former Commission
member, to review the Village's insurance program and is awaiting his
report.
Commissioner Smilanic questioned the Space Facility Study prepared by
a special task force and the relationship to the current budget.
Manager Burghard stated the Board had asked the Administration to do
a need analysis. He then explained the conclusion of the report and
the need for an evaluation. Chairman Ronchetto requested copies of the
report be sent to all Commissioners.
Manager Burghard gave a brief review of the progress of Lake Michigan
water and the real estate tax levy cash flow as it relates to the budget
year.
Meeting adjourned at 10:05 P.M.