HomeMy WebLinkAbout02/08/1999 FC minutesFINANCE COMMISSION
Minutes of the Meeting
February 8, 1990
I Call to Order
The meeting was called to order at 7:30 p.m. Commission members in attendance
were Richard Bachhuber, Paul Davies, John Engel, Newt. Hallman, John Mussar,
Thomas Pekras, and Ann Smilanic. Also present were Finance Director David
Jepson, Assistant. Finance Director Carol Widmer, and Village Manager John
Dixon. Commissioner Vince Grochocinski arrived at 8:45 p.m.
II Village Manager's Overview of Budget.
John Dixon presented an overview of the 1990/91 Budget of the Village of Mount
Prospect. Mr. Dixon pointed out that the Village of Mount Prospect continues
to provide quality public services at a very reasonable cost. The City of
Park Ridge survey of 19 comparable municipalities shows that the Village of
Mount Prospect ranks as one of the most. cost-effective communities in the
entire northwest suburban area.
Revenues for 1990/91 are expected to increase from $34,949,950 in 1989/90 to
$41,095,630 in 1990/91, an overall increase of $6,145,680. In the General
Fund the increase is anticipated to he approximately $2,750,000. The major
increases in the General Fund will be due to additional sales tax receipts,
the state income tax surcharge, revenues from the Elk Grove Rural Fire
Protection District, a proposed flood control service charge, the sale of
refuse disposal bags and an anticipated recycling grant. The Village is also
anticipating the sale of $4 million in Flood Control Bonds and a $1 million
bond issue for downtown redevelopment.
The Villaqe Manager then presented an overview of some of the significant.
expenditures and initiatives included in the 1990/1991 Budget:
In Inspection Services there is a provision for engineering work associated
with the improvement of Seminole Lane. An additional police officer to be
assigned to the Gang Crime Task Force has been included in the Police Depart-
ment budget. There are three additional firefighters included in the Fire
Department budget in anticipation of taking over responsibilities for service
in the Elk Grove Township Rural Fire Protection District. Last year six
firefighters and one fire inspector were hired also in connection with this
project. Equipment for the new station and a new ambulance are also included
in the Fire Department budget.
In Human Services there is a new part. -time social worker and a change from
part. -time to full-time status of the employment counselor. Elk Grove and
Wheeling Townships help pay for this program. The Planning and Zoning
Department. has requested funds for a planning service to help update the
Village zoning code and plans have been made to expend $140,000 in CDBG funds
for street improvements in the Boxwood area.
There are several projects planned for each of the four divisions of Public
Works. The Street Division has included $1,500,000 for street improvements,
$50,000 for catch basin cleaning and capital purchases of $177,500 for a
street sweeper and a tow truck. The Water Division has budgeted over $500,000
for water main replacement and sewer replacement and $60,000 for flow -
monitoring equipment and analysis of the data collected and $85,000 for
engineering and replacement of booster pumps. The Parking Division has plans
to rehabilitate the west parking lot, replace the retaining wall facing
Prospect. Avenue and new collection boxes. The Refuse Disposal Division will
have significant expenditures for yard waste bags, disposal of the bags and
brush disposal as well as $125,920 payment to the Solid Waste Agency of
Northern Cook County.
The two bond issues previously mentioned are also shown as expenditures. The
$4 million bond issue for flood control is an estimated figure and will be
further refined after engineering studies have been evaluated. Also, a $1
million bond issue for TIF Target. Area F is being anticipated.
The budget has been prepared with the qoal of keeping the tax levy at. $1.00 or
less per $100 EAV.
During the presentation there was considerable discussion on the Elk Grove
Township Rural Fire Protection District, the Flood Control Service Charge, and
the Village's new policy on yard wast.e.
III Finance Director's Budqet Review
David Jepson gave an overview of the structure of the budget document itself.
He began with the Table of Contents and discussed a comparison of the budget
structure to a pyramid. Mr. Jepson explained that the detail information is
represented by the base of the pyramid with the converging sides representing
summary information. Total anticipated expenditures of $40,079,625 are at the
very top and are followed by various summary information. Some of the summary
information includes:
Summary by Service Area
Summary by Expenditure Classification
Summary of Revenues & Expenditures by Fund
Summary of Available Fund Balances
Summary of Tax Levies and Tax Rates
IV Village Administration
The Village administration budgetwas reviewed by Village Manager Dixon. A
new item this year is the $10,000 under salary administration for limited
benefits for part-time employees.
Also, in the Cable TV Operations, a new full-time Production Assistant
position has already been approved by the Board and that position has been
filled.
V Finance Department.
The Finance Department budget. of $1,113,425 indicates an increase of $13,405
over the revised 1989/90 Budget of $1,100,020. Although this represents an
increase of only 1.290, a number of noteworthy changes were reported by
Mr. Jepson. Personal services are expected to decrease from $431,600 to
$416,125, an overall reduction of $15,475 even though there is a new part-time
position included in the proposed budget. There is also a reduction of
$39,300 under interfund transfers because the final payment of the System 36
Computer was made during the 1989/90 fiscal year.
Under the Budget for Risk Management. Fund total insurance costs are expected
to be $1,741,000 in 1990/91 compared to estimated costs of $1,528,785 in
1989/90, an increase of $212,215. The unavailability of affordable liability
insurance and skyrocketing medical insurance costs are responsible for the
increase.
VI The next meetinq is scheduled for February 22, 1990. The meeting was
adjourned at. 11:00 P.M.
Respectfully Submitted
i
s ;
Carol Widmer
Assistant Finance Director