HomeMy WebLinkAbout10/21/2011 FFTB MinutesThe Mount U ���8� ��� Meeting Min
October 21, 2011, 0840
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Members inAttendance: Jim Miller
RandUid|
Members Absent: Brad Peterson
VWUieFoehhnQ AaronGrandQeorQe
Eric Mertes John Malcolm
Reading of the Minutes
The meeting minutes from the last meeting of the Mount Prospect Foreign Fire Tax Board (MPFD FFTB)
were read aloud bv Chairman Willie FoehhnQ. (Motion for approval: Eric Mertes, 2"" Randy Uid|, all in
favor —nonayd
Officers Reports
Chairman: Noreport
Treasure: Noreport
Secretary: Noreport—(Absent)
Old Business
Willie reported that the collection efforts are going well and this years is proving positive when
compared to last year's revenue collections. The positive collections are thought to be contributed to
the MPFD FFTB being included in software that is used by foreign fire tax payers. Also, the list ofpayers
has been updated and resultantly has lead to lower postage expenditures.
Randy reported that the cart approved at last month's meeting to hold the live firefighting training
equipment has been completed and looks good.
New Business
Reported by Willie, Henry Dawson has submitted a request to purchase a new patio set consisting of
eight chairs and two tables for use at station 13. The set would be purchased from Hearth and Home of
530VV. Northwest Highway, Mount Prospect, Illinois 60056for the amount of$2,594.00. Open
discussion ensued: table & chair usage, winter storage, demo discount, umbrella included, current MPFD
FFTB fund balance and weather & wind conditions the set would be subjected to. (Motion for approval:
Randy Uid|,2" Eric Mertes, all in favor— nonays) Jim Miller will file the required Expenditure Action
Form and Randy Udil will contact Hearth & Home to communicate the intent to purchase.
Minutes Recorded by: Jim East - All accounts thought to be accurate and true. Page I of 2
The Mount U ���8� ��� Meeting Min
October 21, 2011, 0840
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New Business Continued
]ohnMa|odmbrouehtopenedcUscusdonreQandinQ"VVhatistheQoaloftheMPFDFFTBandthe
revenuesco||ected?" Open discussion ensued: the fund balance changes yearly and is not guaranteed,
the current fund balance is approximately $170,000.00, possible fund investment strategy, expenditure
rules: under $10,000.00 does not require an open member vote, current minimum fund balance is set at
$25,000.00, any paid member of the MPFD may make a request for an expenditure, expenditures per
state guidelines should for the maintenance, use and benefit of the MPFD, fund growth goals. No
definitive conclusion was reached regarding a singular goal for the fund.
Willie addressed that the following MPFD FFTB position terms will be expiring: 2 blue shirt positions and
1 member at large position. Nominations for expiring positions should be accepted in November with
elections held inDecember. This allows for the installation of new namber(s)to take place inJanuary
and the first meeting of the new MPFDFFTBtobe held in February. A thirty-day notice must be given to
the voting members regard the nominations of positions and the sequential election to be held. Eric
Mertes will take on the task of notifying the voting members of the above stated nomination and
election processes. Past practice has been to utilize the Village of Mount Prospect e-mail systemforthe
required notifications.
Citizens to be Heard
None
Adjournment
Motion to adjourn: Aaron Grandgeorge, 2"John Malcolm, all in favor—no nays
Minutes Recorded by: Jim East- All accounts thought to be accurate and true. Page 2 of 2