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HomeMy WebLinkAbout09/24/2009 FC minutes FINANCE COMMISSION MINUTES OF THE MEETING SEPTEMBER 24, 2009 1 ST FLOOR COMMUNITY CENTER VILLAGE HALL I. Call to Order The meeting was called to order at 7:03 p.m. Those present included Chairman Vince Grochocinski and Commissioners Pam Bazan, Wayne Gardner, John Kellerhals, Don Ocwieja, Tom Pekras and Ann Smilanic. Also present were Deputy Finance Director Lynn Jarog and Finance Administrative Assistant Lisa Burkemper. Finance Director David Erb was absent. II. Approval of Minutes A motion to approve the minutes of the meeting of August 5, 2009 was made by Commissioner Tom Pekras and seconded by Commissioner Ann Smilanic, and the minutes were accepted as presented. III. Pre 2010 Village Budget Discussion Deputy Finance Director Lynn Jarog stated the first draft of the 2010 Proposed Budget had a $1.9 million deficit. After going back and making some revenue adjustments and cutting expenditures, the projected general fund deficit is now $302,000. Some of the revenue and expenditure adjustments made were to the shared sidewalk cost program, vehicle replacement fund and computer replacement program. Also, two vacant full time positions will be held open, there will be no salary increases for management and the various departments cut over $626,000 out of their budgets. The Village will also be going to the various unions to propose a reduction in the salary increases outlined in the contracts from 3.5% to 2%. If successful in reducing the salary increase, the general fund would be balanced. There was a discussion regarding the Revenue and Expenditure Report that is distributed on a monthly basis. The discussion focused on how to evaluate the figures as presented in the report to get an idea of the percentage of money spent. Commissioner John Kellerhals asked if there would be layoffs if the Village needed to cut more from the 2009 budget. Deputy Finance Director Lynn Jarog stated that the possibility of layoffs or furlough days could be discussed if the Village needed to make further cuts to the 2009 Budget. Ms. Jarog mentioned the 2010 Proposed Budget is being prepared anticipating the 10% cap on police and fire pension funding. With the cap in place, the levy would increase 4.19%. Without the 10% cap, the levy would increase 9.89%. Minutes of the Finance Commission Page I 01'2 September 24, 2009 IV. Chairman's Report Chairman Vince Grochocinski advised that the audit committee will be meeting tomorrow afternoon to conduct interviews for perspective auditors. V. Finance Director's Report There was nothing to report. VI. Other Business There was nothing to report. VII. Next Meeting; Thursday, October 15,2009 Commissioner John Kellerhals motioned to adjourn which Commissioner Tom Pekras seconded. The meeting was adjourned at 8:20 p.m. The next meeting is scheduled for October 15,2009. Respectively submitted, Lisa Burkemper Administrative Assistant Finance Department Minutes of the Finance Commission Page 201'2 September 24, 2009