HomeMy WebLinkAbout01/27/2000 FC minutes FINANCE COMMISSION
Minutes of the Meeting
January 27, 2000
The meeting was called to order at 7:0:~ p.m, Those present included Chainnan lohn Kom and
Commissioners Charles Bennett, John Engel, Betty Launer, ~im Morrison, Tom Pek~s, and Ann
Smii~ic. Commissioner George Busse arrived at 7:30 p.m. Also present were Finance Director
Douglas Ellsworth and Deputy Finance Director Carol Widmer. Commissioner Vince Grochocinski
was absent.
Approval Of Minutes
The minutes of November 4, 1999 were approved as submitted.
RI Chairman's R~ort
~ohn Kern updated the Finance Commission members on Village Board actions and discussions that
took place in November and December 1999 and 1anuary 2000.
IV Discussion Re~arding Proposed 2000 Work Plan
Jim Morrison stated that he feli the budget review schedule followed by the Finance Commission last
year worked out very well. Commissioners Tom Pekras and 1ohn Engel both agreed, George Busse
asked if there were any issues the staff or the Village Board wanted the Finance Commission to
review. Mr. Ellsworth mentioned that staff is beginning discussions on a new Village Hall. There
are plans to set up a task force, which will meet several times during the next few months. Mr.
Ellsworth repoCted that a member of the Finance Commission has been invited to participate on the
task force. After some discussion, it was decided that Ann Smllanic would represent the Finance
Commission on the task force.
Mr. Ellsworth mentioned that the F. ire Department will be presenting their five-year plan to the
Village Board at a February Committee of the Whole meeting. The members of the Finance
Commission agreed that they would like the Fire Department to make a similar presentation at the
Finance Commission's March meeting.
Jim Morrison asked for an update on the Village's purchasing policy. BeAty Launer stated she was
interested in learning more about the Village's purchasing process. Mr. EUsworth said he would send
a copy of the Village's purchasing policy with the next Finance Commission agenda.
After additional discussion an agenda was prepared for the Year 2000. A copy of the agenda is
aaached.
Other Business
Ann Smilanic asked several questions related to the Revenue and Expenditure Report which
commission members receive on a monthly basis.
V Finance Director's Repgrt
Mr. Ellsworth distributed the Year 2000 Annual Budgets. He also reported that the Village had an
opportunity to sell the private activity volume cap to the nllaois Development Finance Authority. The
Authority will use the tax exempt financing ~ assist a developer in purchasing and improving the
Centennial Apartments. The Village will re-liTe revenue of $53,000 from this sale.
VI Adjournment
The meeting was adjourned at 8:35 p.m; The February 24 meeting was cancelled. The next meeting
will be March 23.
Respectfully submitted
Carol L. Widmer ' :~.
Deputy Finance Director
Enclosure
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