Loading...
HomeMy WebLinkAbout04/04/2013 FC Minutes FINANCE COMMISSION Minutes of the Meeting April 4, 2013 1 S`Floor Community Center Village Hall 50 S. Emerson Street 1. Call to Order The meeting was called to order at 7:12p.m. Those present included Chairman Vince Grochocinski and Commissioners Pam Bazan, John Kellerhals, Tom Pekras. Finance Director David Erb was also in attendance. II. Approval of Minutes There were no Minutes to approve. 11I. Citizens to be Heard There were not any citizens to be heard. IV. Old Business Public Flood Control Capital Funding-Dave Erb explained the strategy for funding the Flood Program entirely by existing home rule sales. The tax bond funding is structured to maintain approximately level expense over bond fund period. Street Program-Dave Erb presented a re-alignment of General Funding of the Street Program to vehicle sticker and Motor Fuel Tax. The below tables illustrate the concept of Trading Property Tax Levy for Direct Charge refuse charges with a phased in approach over the next two years. CURRENT General Refuse Street Program Fund Vehicle Sticker 1,385,000 0 0 Property Tax 0 1,856,000 0 Direct Charge 1 0 1,275,000 0 1 Year One General Refuse Street Program Fund Vehicle Sticker 270,000 0 1,115,000 Property Tax 1,115,000 741,000 0 Direct Charge 1 0 1,275,000 0 Direct Char e2 0 1,115,000 0 Year Two General Refuse Street Program Fund Vehicle Sticker 270,000 0 0 Property Tax 1,115,000 741,000 1,115,0000 Direct Charge 1($100) 0 1,275,000 0 Direct Charge2(+$85) 0 1,115,000 0 Direct Charge3(+60) 0 1,856,000 0 V. New Business Finance Director Erb presented information on the computer replacement program and the vehicle replacement program. VI. Any Other Business There was no other business VII. Chairman's Report There was no Chairman's Report VIII. Finance Director's Report There was no Finance Director's Report. IX.Next Meeting The Finance commission voted to cancel the April 25th Meeting. The next meeting will be the April 23`d Joint Board Meeting with the village trustees. 2 X. Adjournment Commissioner Bazan motioned to adjourn the meeting. Commissioner Pekras seconded the motion. The meeting was adjourned at 9:00 P.M. Respectfully Submitted, John Kellerhals 3