HomeMy WebLinkAbout01/23/2014 FC Minutes FINANCE COMMISSION
Minutes of the Meeting
January 23, 2014
1" Floor Community Center
Village Hall 50 S. Emerson Street
I. Call to Order
The meeting was called to order at 7:08p.m. Those present included Chairman Vince
Grochocinski and Commissioners Jim Gregory, John Kellerhals, Tom Pekras and Don
Ocwieja. Commissioner Pam Bazan was absent. Finance Director David Erb was also in
attendance.
II. Approval of Minutes
Approval of the minutes from November 7, 2013 was deferred until the February
meeting.
III. Citizens to be Heard
There were no citizens to be heard.
IV. Old Business
There was no old business.
V. New Business
a. Discussion Regarding Proposed 2014 Workplan - The primary purpose of the
meeting was the development of the 2014 Work Plan. Through discussion among
Commission members, a tentative plan was developed. Additional items will be
added as needed. Finance Director Erb also handed out Article VI related to the
Finance Commission. Commission members will review the Article for any changes.
General discussion followed.
VI. Other Business
There was no other business.
VII. Chairman's Report
There was nothing to report.
t
VIII. Finance Director's Report
Finance Director Erb discussed rating agency Standard and Poor's review and the
Village's recent bond offering. The Village has maintained a rating of AA+ with a stable
outlook. The low bid interest rate for the 10-year, $6.5 million issue was 2.3517%
IX. Next Meeting: February 27, 2014
The next meeting will be Thursday, February 27, 2014, 7:00 p.m. at Village Hall, Is'
Floor Community Center.
X. Adjournment
Commissioner Kellerhals motioned to adjourn the meeting. Commissioner Pekras
seconded the motion. The meeting was adjourned at 8:35 P.M.
Respectfully Submitted,
Don Ocwieja
2