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HomeMy WebLinkAbout01/22/2004 FC minutes FINANCE COMMISSION DRAFT DRAFT MINUTES OF THE MEETING JANUARY 22, 2004 VILLAGE HALL BUILDING 1. CALL TO ORDER The meeting was called to order at 7:00 p.m. Those present included Chairman John Korn and Commissioners Vince Grochocinski, Ann Hull, Brian McPartlin and Ann Smilanic. Also present were Deputy Director of Finance Carol Widmer and Finance Administrative Assistant Lisa Burkemper. Commissioner Charles Bennett arrived at 8: 10 and Tom Pekras was absent. II. ApPROVAL OF MINUTES Commissioner Brian McPartlin motioned to approve the minutes of November 6, 2003. Commissioner Vince Grochocinski seconded the motion and the minutes were accepted as presented. III. DISCUSSION REGARDING PROPOSED 2004 WORK PLAN Chairman John Korn began the meeting by stating that the Commission needed to appoint a Vice Chairman. Chairman Korn asked the members for nominations for Vice Chairman. Commissioner Ann Hull nominated Commissioner Charles Bennett. Commissioner Vince Grochocinski seconded the nomination and the nomination was accepted. Chairman John Korn began by mentioning his list of potential topics of discussion for the 2005 budget process. Items mentioned were: 1. Sales tax dependency. Depending on sales tax revenue is not a sound basis for anticipating revenues in an uncertain economy. 2. Direct charge for refuse. 3. Reduction of personnel. 4. Raising Fees. 5. Real Estate taxes. Commissioner Ann Hull mentioned that she would like to have a complete review of the Tax Increment Financing District (TIF). Deputy Director of Finance Carol Widmer stated there is an updated TIF projection that can be provided to the Finance Commission for a discussion in February. In addition to sales tax dependency, Commissioner Vince Grochocinski mentioned the village should not focus on state revenues as a revenue source as well. Commissioner Brian McPartlin asked if there is a matrix as to where our fees are versus other villages/cities. Deputy Finance Director Carol Widmer stated that the village is constantly participating in surveys that gather this type of information. With Commissioners Ann Hull and Brian McPartlin leaving at 8:05 it was decided that the discussion on the 2004 work plan be deferred until the February 26, 2004 meeting. IV. CHAIRMAN'S REpORT Chairman John Korn highlighted the topics discussed at the board meetings that have taken place recently. V. FINANCE DIRECTOR'S REpORT Deputy Director of Finance Carol Widmer distributed copies of the 2004 Budget. VI. OTHER BUSINESS There was nothing to report. VII. Next Meeting: February 26,2004 Commissioner Vince Grochocinski motioned to adjourn which Commissioner Ann Smilanic seconded. The meeting was adjourned at 8:20 p.m. The next meeting is scheduled for February 26, 2004. Respectfully submitted, Lisa Burkemper Administrative Assistant Finance Department 2