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HomeMy WebLinkAbout12/12/1979 FC Committee ReportVillage of Mount Prospect 100 S. Emerson Mount Prospect, Illinois 60056 COMMITTEE REPORT TO: Mayor & Board of Trustees FROM: Truster Edward Miller, Chairman, Finance Committee SUBJECT: Finance Committee Meeting 12/12/79 DATE: December 13, 1979 The meeting was called to order at 8:00 p.m. Present were Chairman Miller, Trustee E. F. Richardson and T. J. Wattenberg; Village Manager Terrance L. Burghard, Director of Management Services Martha H. Peppler; Sr. Citizen Co-ordinator Fran Eisenman; representatives from Balaka Foods, Inc. Liquor License Application -- Balaka Foods, Inc. Mr„ Cincinetti, attorney for Balaka Foods, Phyllis and Francis Balaka, owners of the Chanticleer Restaurant addressed the Committee regarding their request for a Class R, liquor license for their restaurant located at 15 West Prospect Avenue. Staff indicated the application was complete and all fees have been paid. It was noted that the previous owners had given up their liquor license and that. the Balaka's were requesting the same type of license:;. They will comply with the resident manager requirement if necessary. Trustee Richardson requested that in the future when a restaurant has been operating during the liquor license application period, that a copy of the Health Inspection Report with the information b.e.,%pkovdLded to the Committee. Mssrs. Miller, Richardson and Wattenburg had no objections to this license' being issued; Chairman Miller informed the owners that the Committee would report out their recommendation that the license be created at the Board Meeting on December 18, 1979. The enabling ordinance would be presented at the January 2, 1980 Board Meeting. E� :�lz ent Counselor Chairman Miller requested Mrs. Eisenman to present a report on the' Senior Citizen Employment Counselor Program's funding needs. Mrs. Eisenman reported that a Chicago - based group involved in area Senior Citizen Employment Programs, OPHMTION ABLE, has agreed to partially fund this position until September, 1980. The Village would need to make up the differ- ence between the expenses and the grant in the amount of $86.00 per month until September. The Committee agreed to recommend that the Village participate in this program in this amount. r r t A general discussion of the activities of the Employment Counselor was held. Mrs. Eisenman stated that between October of 1978 and'September of 1979, 1,128 Senior Citizens were registered in the program; the placement rate is approxi- mately thirty-three percent. These individuals were placed on a broad spec- trum of job types and in various locations; many area agencies also assist our program with placement possibilities. Trustee Richardson noted that this dis- cussion had been very helpful in understanding the..specifics of this program. co- ordinated - Senior For • the - nurse program which attends to the specific health needs of many seniors on a regular basis and the Outreach progrun- - .Prospect's Seniors who are in crisis situations. Mrs. Eisenman • - +• The Outreach PrograW, is designed to reach those Seniors who are having financial, emotional, or physical problems and who have no place• . hundred-seventycases have developed since May, 1979. Cases are also referred by apartment managers, neighbors, family membersi area hospitals and the home -d meals volunteers.The total cases handled by theOutreach Program from October, 1978 to September,These people receive counseling, need.personal encouragemento assistance with medical forms, insurance problems and other financial counseling, help with securing groceries. The process is that of co-ordinating area resources to be be of benefit to those individuals in The program is currently funded by a minimal grant from CETAITitle 3 for $3.00 per hour. Mr. Buryliard and Mrs. Eisenman feel that it will be extremely diffi- cult to fill, �1-bi,�-i jj�)sition at this rate. To fund it at a more appropriate level through this fiscal year,would r'equire approximately $1,500. The Committee unani mously recommended to report favorably to the Board on 12/1$/79 to authorize the Manager to expend the additional funds to I fill this positioni Mrs. Eisenman was requested to attend the Board Meeting. Fiscal Polio Mrs. Peppler presented a report on the personal property replacement tax. She " reported that a meeting was held with area Finance Directors and the State of Illinois Department of Revenue to discuss the Personal Property Replacement Tax, in light of the court decision which upheld the tax.- This decision, coupled with the State's projections for allocations, now affords us accurate enough information to make a decision about abating additional taxes to avoid a replacement tax "windfall." The State has projected that Mount Prospect will receive $172,273 during calendar year 1980. As has been discussed in the past, the replacement tax revenues must be allocated first to General Obligation Debt,and second to the various pension funds in the proportion of the levy which had been previously extended to the personal prop- erty assessed valuation. In Mount Prospect's case, 9.1% is the :percentage of personal property to the total assessed valuation. Considering the levy, this would result inthe following required allocation of our replacement tax revenues. - 3 - Total Levi Percenta e G. 0. Bond $ 666,115 x .091 Pensions Police $ 318,354 x .091 Fire 420,511 x .091 I.MMR.F. 266,650 x .091 $1,005,515 $28,970 38,266 24,265 $91,501 Portion Spread A ainst Pers Prb . $60,616 $60,616 The balance of the estimated revenues would be $20,156; this would be available for purposes previously supported by property taxes. 91,501 20_ ,156 $172,273 The County Clerk will automatically reduce our G. O. Bond levy by $60,616 to avoid over -funding this obligation. With a combination of our property tax receipts and replacement tax revenues, we should meet the $666,115 obligation With no diffi- CLIUY or excess received. The County Clerk will not, however, adjust the pension levies to reflect the additional revenues to,be received from the replacement tax; nor will he adjust for additional non -allocated funds to be received. This approximate $110,000 would be available for abatement, prior to December 31, 1979, to avoid "wind - falling" from the replacement tax. From a practical point of view, the $20,000 non -allocated revenues should probably be left alone to guard against the possibility of the State's estimate being on the high side. Considering the pensions, $90,000 could be abated without affecting our pension obligations for this year. It should be noted that all of the pension funds . have Substantial unfunded accrued liabilities that will have to be made up from ;pr petty taxes in future years and this $90,000 could be used to; meet these future liabilities. After some discussion, the Committee unanimously agreed to recommend to the Board to abate $90,000 in the various pension funds at the Board Meeting on 12/18/79. It was considered that this would be in keeping with Board's previous policy of only raising enough revenues to meet current necessary obligations. Mr. Richardson left at 9:30. All other items were deferred until next Committee Meeting. Meeting was adjourned at 9:40 p.m.