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HomeMy WebLinkAbout05/14/1996 COW agenda COMMITTEE OF THE WHOLE AGENDA Meeting Location: Meeting Date and Time: Mount Prospect Senior Center Tuesday, May 14, 1996 50 South Emerson Street 7:30 P.M. I. CALL TO ORDER - ROLL CALL II. ACCEPTANCE OF MINUTES OF APRIL 23, 1996 III. CITIZENS TO BE HEARD IV. CARBON MONOXIDE DETECTOR DISCUSSION In October 1994, the Village Board at one of its Committee of the Whole meetings considered the adoption of an Ordinance requiring Carbon Monoxide (CO) detectors in all residential and commercial buildings. During that meeting, Fire Chief Edward Cavello recommended that the Village defer consideration of such an Ordinance while the manufacturers and testing agencies (Underwriters' Laboratories) worked on revised industry-wide performance standards. The Village Board concurred and directed staff to bring this matter back at a later date. Chief Cavello has prepared follow-up material highlighting the new performance standards as well as data relating to the number of Carbon Monoxide calls received by Fire Departments throughout the region. Chief Cavello will be on hand to facilitate discussion and answer questions regarding this matter. V. REVIEW OF FINANCIAL CONDITION Over the past several years, the Village has taken a number of actions that have noticeably improved its financial condition and these actions should help to ensure that this favorable position can be maintained in future years. Some of these actions relate to changes in accounting principles which provide more conservative treatment of certain revenues and expenditures; some of the actions reflect changes in Village financial policies, such as the establishment of internal service funds and the change in the Village's fiscal year; some of these changes can be seen in the move to a Performance Based Budgeting System that helps to demonstrate better accountability; but by far, the most conclusive actions have been the changes to enlarge and diversify the Village's revenue base. A strong revenue base is fundamental to fulfilling the reason governments exist. The mission of government is to provide services collectively to its citizens that individuals may not and/or could not provide for themselves on a cost-effective basis. These services cost money. An adequate, equitable, reliable and acceptable revenue base is one of the keys to being able to provide quality services while at the same time maintaining a strong financial position. NOTE: ANY INDIVIDUAL WHO WOULD LIKE TO ATTEND THIS MEETING BUT BECAUSE OF A DISABILITY NEEDS SOME ACCOMMODATION TO PARTIClPATE, SHOULD CONTACT THE VILLAGE MANAGER'S OFFICE AT 100 SOUTH EMERSON, MOUNT PROSPECT, ILLINOIS 60056, 847/392-6000, EXTENSION 5327, TDD #847/392-6064. The evaluation of a municipality's financial condition is a process that includes analyzing current financial position, reviewing financial policies, looking at historical trends and estimating the adequacy of future revenue sources. Current financial position includes all of the numbers on the balance sheet such as cash balances, assets, liabilities and fund balances. The process requires making judgments and these judgments are subject to change as circumstances change. Nevertheless, an understanding of financial conditions today provides a basis for maintaining financial strength in the future. Finance Director David Jepson has prepared information which will provide an overview of the Village's current financial condition. This review comes with the conclusion of the 1995 Audit. This review and discussion will provide a valuable base as the Village prepares for the 1997 Budget process later this year. Mr. Jepson will be in attendance to facilitate discussion and answer questions. VI. REVISED SOLICITATION REGULATIONS As a result of ongoing complaints regarding haphazard delivery of advertising material throughout the Village, the Mayor and Board of Trustees directed staff to look for ways to minimize the negative impact on our community either through direct contact with the offending advertisers or through regulation. The attached memorandum from Assistant Village Manager David Strahl outlines actions taken by the Village in this regard. Also provided for your consideration is a revision to the Village's Solicitation Regulations. Because legitimate First Amendment issues are at play, the focus of the regulations is on the manner of delivery and compliance with an individual property owner's posting of a "No Solicitation" notice. Mr. Strahl will be in attendance to facilitate discussion and answer questions. VII. MANAGER'S REPORT VIII. ANY OTHER BUSINESS IX. ADJOURNMENT