Loading...
HomeMy WebLinkAbout03/24/2011 FC MinutesFINANCE COMMISSION Minutes of the Meeting March 24, 2011 I" Floor Community Center Village Hall L Call to Order The meeting was called to order at 7:05 p.m. Those present included Chairman Vince Grochocinski and Commissioners Pam Bazan, Wayne Gardner, Don Ocwieja, Tom Pekras and Ann Smilanic. Commissioner John Kellerhals was absent. Also present were Finance Director David Erb. IL Abbroval of Minutes a. Minutes of January 27, 2011 Commissioner Tom Pekras moved to approve the minutes of January 27, 2011. Commissioner Pam Bazan seconded the motion. With all members in favor, the minutes were accepted. b. Minutes of February 24, 2011 There was a brief discussion of the minutes. Commissioner Tom Pekras moved to accept the minutes. Commissioner Wayne Gardner seconded the motion. With all members in favor, the minutes were accepted as amended. III. Citizens to be Heard There were no citizens to be heard. IV. Old Business Discussion on the property tax was deferred to a later meeting. V. New Business There was not any new business. VI. Other Business Commissioner Tom Pekras made a motion to thank Glen Andler for 38 years of dedicated and effective service. Commissioner Ann Smilanic seconded the motion. With all members in favor the motion was accepted. VII. Chairman's Report There was nothing to report. VIII. Finance Director's Report Finance Director Erb mentioned the next scheduled meeting of the Finance Commission would be cancelled. Instead there would be a joint meeting with the Village Board on April 26, 2011. I Commissioner Ann Smilanic asked if Mr. Erb thought there would be a deficit for 2011. Finance Director Erb responded that because of the nature of the assumptions and process it was not unusual to have a deficit at this time of the year. Barring unforeseen circumstances the deficit should be eliminated by the end of the year. Mr. Erb went on to give a general description of the status of the Randhurst project, the status of income tax receipts from the state and the possibility of doing an advance refunding of some Village debt. IX. Next Meeting: April 26, 2011 Commissioner Pam Bazan motioned to adjourn. Commissioner Tom Pekras seconded the motion. The meeting was adjourned at 8:00 p.m. Respectfully Submitted, Don Ocwiej a