HomeMy WebLinkAbout10/10/2023 COW Minutes
Village of Mount Prospect
Committee of the Whole Workshop – Joint Village Board and Finance
Commission Meeting Minutes
Tuesday, October 10, 2023 / 6:00 p.m.
1. CALL TO ORDER
The meeting was called to order by at 6:08 p.m. by Mayor Paul Hoefert in the Board Room at
Village Hall, 50 S. Emerson Street.
1. Roll Call
a. Village Board
The following members of the Village Board of Trustees were present upon roll call by the Village
Clerk:
Mayor Paul Hoefert, Trustee Vincent Dante, Trustee Agostino Filippone, Trustee Terri Gens, Trustee
Bill Grossi, Trustee John Matuszak and Trustee Colleen Saccotelli.
b. Finance Commission
The following members of the Finance Commission were present upon roll call by the Chairperson
of the Finance Commission, Trisha Chokshi:
Commissioner Yulia Bjekic, Commissioner Edward Derfler (arrived at 6:34 p.m.)
Absent: Commissioner Ken Arndt, Commissioner Pam Bazan, Commissioner Vincent Grochocinski,
and Commissioner Don Ocwieja
2. Approval of the Committee of the Whole Minutes – , 2023
2.1 Minutes of the Committee of the Whole Meeting – August 8, 2023
Motion by Bill Grossi, second by Vincent Dante to approve the Committee of the Whole minutes of
August 8, 2023:
Aye: Vincent Dante, Agostino Filippone, Terri Gens, Bill Grossi, John Matuszak and Colleen
Saccotelli
Nay: None
Final resolution: Minutes approved.
3. Citizens to be Heard
None
4. Discussion Items
4.1 2024 Proposed Annual Budget - Joint Workshop with the Village Board and Finance
Commission
Director of Finance Amit Thakkar presented highlights of the 2024 Budget:
The proposed 2024 Budget is a balanced budget.
Total revenues - $157.1 million; total expenditures - $164.6 million; planned use of cash
from prior year revenues and bond issuances - $7.6 million
Decrease in property tax levy by $974,673 or 4.8 percent; total levy - $19,469,004.
Pension Abatement - $2 million; pension costs are once again increasing by $1,267,763
(13.8 percent)
Debt Service abatements - $2.4 million; $2.1 million is abated from General Fund
revenues, remaining amount abated from the Video Gaming Tax
Permanent elimination of the Village vehicle sticker program is proposed
Proposed Water/Sewer rates will increase by 5.95 percent (combined); this is lower than
earlier estimates of an 8 percent increase
Refuse rates will increase by 3.5 percent
Total budget includes: $90.9 million in Operating Budget; $35.4 million in Capital
Improvements, $7.6 million in Debt Service, $14.0 million in Interfund transfers from the
General Fund
Per the most recent information available, the 2022 triennial assessment added $325
million to the Village’s EAV; the new total EAV stands at $2.17 billion
Each Village department presented details of their respective 2024 proposed budget:
Public Representation/Village Administration – presented by Assistant to the Village
Manager Alex Bertolucci – total expenditures for Public Representation - $708,940
representing an increase of 13.5 percent over the 2023 budget. Total expenditures for
Village Administration - $5.3 million representing a 6.1 percent increase
Finance Department – presented by Amit Thakkar; total expenditures - $2.2 million
representing an increase of 5% over the 2023 budget
Economic Development/Building and Inspection Services – presented by Director of
Community Development Bill Cooney and Director of Building and Inspection Services Bill
Schroeder – Community Development total expenditures - $3.3 million representing a 2.6
percent increase over the 2023 budget. Building and Inspection Services - $2.3 million
representing an increase of 3.8 percent over the 2023 budget
Human Services Department – presented by Julie Kane, Director of Human Services – total
expenditures - $1.7 million representing a 7.8 percent decrease over the 2023 budget due
primarily to a reduction in American Rescue items
Police Department – presented by Chief Michael Eterno; $23.3 total expenditures;
representing an increase of $1.9 million
Fire Department - presented by Chief John Dolan - $19.9 million; representing an increase
of $215,000
Public Works Department - presented by Director Sean Dorsey - $31.4 million representing
an increase of 4.6% over the 2023 budget
Upon completion of the department presentations, Mayor Hoefert opened the floor for discussion.
The department directors answered questions from the Board.
Mayor Hoefert complimented the Village leadership team for producing a balanced, fiscally
responsible budget. Mr. Thakkar thanked the Finance team, including Deputy Director Jenny
Fitzgerald and Village staff for their cooperation and support throughout the budget process.
5. Any Other Business
Trustee Grossi announced the Lions Club Car Show has been extended and the last show of the
season is Saturday, October 14. Trustee Grossi also reminded everyone that Coffee with Council
is also this Saturday beginning at 9:00 in the Community Room at Village Hall.
Village Manager Michael Cassady announced November’s Coffee with Council is canceled due to
Veteran’s Day activities in the Farley Community Room.
6. Adjournment
There being no further business to discuss, Mayor Hoefert asked for a motion to adjourn. Trustee
Matuszak, seconded by Trustee Saccotelli, moved to adjourn the meeting. By unanimous voice
vote of the Village Board and Finance Commission, the October 10, 2023 Committee the Whole
Joint Village Board and Finance Commission workshop adjourned at 8:34 p.m.
Respectfully submitted,
Karen M. Agoranos
Village Clerk