HomeMy WebLinkAbout08/14/2001 COW agenda COMMITTEE OF THE WHOLE
AGENDA
Meeting Location: Meeting Date and Time:
Mount Prospect Senior Center Tuesday, August 14, 2001
50 South Emerson Street 7:30 p.m.
I. CALL TO ORDER - ROLL CALL
Mayor Gerald L. Farley
Trustee Timothy Corcoran Trustee Michaele Skowron
Trustee Paul Hoefert Trustee Irvana Wilks
Trustee Richard Lohrstorfer Trustee Michael Zadel
II. ACCEPTANCE OF MINUTES OF JULY 24, 2001
III. CITIZENS TO BE HEARD
IV. 2001 MID-YEAR BUDGET REVIEW - 2002 PRE-BUDGET WORKSHOP
Traditionally, the Village Board has engaged in a mid-year review of the current year Budget
as a means of monitoring the Revenue and Expenditure levels contained therein. In 1996,
the Village Board added a new component to this process, a Pre-Budget Workshop,
specifically designed to look forward toward the coming Budget year with the idea of setting
parameters and giving staff direction for the next Budget. This latter exercise was facilitated
by the inclusion of a forecast budget in the annual Budget document.
With the close of June financial activity, staff is in the position to present mid-year financial
data as well as review the 2002 forecast Budget. Overall, I believe you will find the Village's
finances to be in order for 2001 and that based on the 2002 forecast budget presented last
year and the softening economy, we will need to make some difficult choices regarding
service delivery levels and the implementation of new initiatives going into next year.
With regard to the 2002 Budget, it is anticipated that the Village Board and staff will engage
in an overview of the upcoming Village Budget with particular focus on problems, trends,
initiatives and revenue/expenditure projections. The discussion will lead to establishing
general parameters for the construction of the actual Budget document that will be formally
considered later in the year.
As was the approach last year, I would again suggest that the focus remain broad as
opposed to more detailed discussions regarding specific line items. If, during the Pre-Budget
Workshop, questions arise regarding current or new initiatives proposed by staff or Village
Board, I would again suggest that the focus be on defining the initiative and what the issues
are pro and con so that staff can then undertake research with the idea of being prepared
for detailed discussion at the regular Budget Hearings.
NOTE: ANY INDIVIDUAL WHO WOULD LIKE TO ATTEND THIS MEETING BUT BECAUSE OF A
DISABILITY NEEDS SOME A CCOMMODA TION TO PARTICIPATE, SHOULD CONTA CT
THE VILLAGE MANAGER'S OFFICE AT lO0 SOUTH EMERSON, MOUNT PROSPECT,
ILLINOIS 60056, 847/392-6000, EXTENSION 5327, TDD #847/392-6064.
In that same light, it would be appropriate for Board members to raise individual items or
initiatives, which they would like to have considered in preparation of the upcoming Budget.
A "Budget Suggestion" sheet is included in your information package. If at all possible, I
would ask that completed sheet(s) be brought to the meeting for consideration by the entire
Board. If there is consensus to pursue particular items, then staff can follow-up as
appropriate and include same within the proposed Budget document.
Finance Director Doug EIIsworth will provide an overview of his report and appropriate
Department Directors and staff will be available to answer questions and facilitate
discussion. You may want to bring your 2001 Budget book to the meeting as additional
reference material.
V. VILLAGE MANAGER'S REPORT
VI. ANY OTHER BUSINESS
VII. ADJOURNMENT
CLOSED SESSION
Property Acquisition
5 ILCS 120/2 (c) (5). "The purchase or lease of real property for the use of the public
body."
H:\GEN\Cow~Agenda\081401 COW Mid Year Budget Agenda.doc