HomeMy WebLinkAbout12/08/1980 FC MinutesVillage of Mount Prospect
100 S. Emerson
Mount Prospect, Illinois 60056
TO: Mayor & Board of Trustees
FROM: Trustee Ed Miller, Chairman
DATE: December 12, 1980
Re: Minutes of Finance Committee Meeting - December 8,'1980
Chairman Miller called the meeting to order at 7:00 p.m.
Present were Chairman Ed Miller, Trustees T. J. Wattenberg, E. J. Richardson,
Village Manager Terrance L. Burghard, Director of Management Services
Martha H. Peppler.
Chairman Miller welcomed members of Boy Scout Troop #270 who were attending
the meeting to work on their merit badges.
Second Qiarter Financial Re ort
Chairman Miller summarized the Second Quarter Financial Report that was
presented by the staff. He commented that it was a very readable and
understandable format.
The Committee discussed the report -in depthand noted the revenues -and
expenses are proceeding as expected. Revenues are slightly behind in the
areas of Building and related fees, and ordinance fines. Expense's are
currently on schedule.
After a discussion of the tax levy and collection cycle as it applies to
next year's budget, the Committee agreed to recommend that no abatement
to the 1980 levy be made at this time.
The Committee then discussed with the Manager a request from the library
for additional funds to make up a cash flow deficit that they are exper-
iencing. The staff agreed to investigate the matter in detail and to
bring it to the Board at the next meeting.
Li uor LicenseChan es
Chairman Miller led the discussion of some of the points that had been
raised by the liquor license holders at the previous meeting, i.e. late
hours, Sunday openings, and tastings.
The Committee indicated that it may be sympathetic to some of these
requests and asked the Manager to contact some spokesmen from the liquor
license holders to invite them to the next Finance Committee Meeting for
further discussions.
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Trustee Wattenberg asked Chairman Miller to, take a charge into the
Finance Conuuitte6 to nonitor the rate whi!bb is and will be charged for
Lade Midhigaa Water. Mr. Miller agreed to accept the dharge.
The meeting, was adjourned at 7:55.