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HomeMy WebLinkAbout2007-05-23 Budget Workshop MinutesSPECIAL MEETING (BUDGET WORKSHOP) OF THE BOARD OF TRUSTEES MAY 23, 2007 OF THE VILLAGE OF MORTON GROVE THE RICHARD T. FLICKINGER MUNICIPAL CENTER TRUSTEES' CONFERENCE ROOM 6101 CAPULINA AVENUE MORTON GROVE, ILLINOIS 60053 Pursuant to proper notice as provided by the Illinois Open Meetings Act, President Krier called the Special Meeting to order at 7:01 pm and then led the assemblage in the Pledge of Allegiance. In attendance: Elected Officials: Village President Richard Krier, Village Clerk Carol A. Fritzshall, Trustees Georgianne Brunner, Shel Marcus, Rita Minx, Dan Staackmann, and John Thill Absent Officials Trustee Roy Kogstad Village Staff: Village Administrator Joseph F. Wade, Finance Director Daniela Partipilo, Family and Senior Services Director Jackie Walker O'Keefe, Community and Economic Development Director Bill Neuendorf, Public Works Director Andy DeMonte, Village Engineer Ryan Gillingham, Street Superintendent Paul Tobin, Water/Sewer Superintendent Joe Dahm, Fire Prevention Director Bill Porter, Police Chief Paul Tasch, and Network Administrator Boyle Wong Guests: There were approximately 4 guests President Krier introduced the topic of the meeting which was to discuss the status of the 2007 Budget and projections for the remainder of the year and/or the 2008 Budget. Ms. Partipilo, the Finance Director reviewed the financial year 2006 audited budget. She noted the actual revenue was $22,873,000 compared to the budgeted amount of $19,159,000. She then reviewed the sources of revenue and noted the 2007 projections of revenue are projected to be slightly under the current budgeted amount. Ms. Partipilo then reviewed the Village's targeted fund balance and recommended the Village maintain a fund balance of 25% of the expenditure budget. She reviewed the current and historical status of pension funding. It was noted the total pension funding was expected to rise in 2008 from $2,918,000 to $3,132,000. She then reviewed the status of the budget via each fund. Village staff members voted on the capital improvement program for 2006 through 2008. Village Engineer Gillingham showed samples of streets which needed to be resurfaced and noted the proposed program in 2008 included the resurfacing for Austin Avenue for a total street improvement program for that year of $1.6 million. Mr. Dahm explained capital improvement projections for the water and sewer department. He noted the Central Avenue water main needed improvements for an estimated cost of $186,000. This project is scheduled to begin summer 2007. The north pumping station needs electrical improvements; engineering is to be completed in 2007 and costing approximately $280,000. In 2008, the proposed programs would include analyzing the hydraulic system, continue the sewer lining program starter engineering, the replacement of the water main at the river crossing, improvements to the pumping station, and the painting of the north water tower. Mr. Tobin then reviewed the vehicle replacement plan for the Public Works Department including replacing the 1999 stump grinder, the 1995 brush chipper, and a 1990 arrow board. He then reviewed projections for the replacement of Police Department vehicles for the next five years. Mr. Tobin reported on the new defined location for future snow storage. Mr. DeMonte then reported on the projected expenditures in 2008 and thereafter to meet the emerald ash borer infestation and to pay the Village portion of Village garbage collection. Economic Development Director Neuendorf summarized historical information on the Village's two Tax Increment Financing (TIF) Districts which showed both improving their Equalized Assessed Valuation (EAV) and thereby increasing the property tax receipts. Mr. Neuendorf then reported on the Dempster Street fagade program and Mr. Wong discussed the Village's information technology needs. A general discussion then ensued. There being no further questions, Trustee Minx moved to adjourn to Executive Session to discuss Collective Bargaining. The motion was seconded by Trustee Marcus and approved unanimously pursuant to a roll call vote at 9:40 pm. There being no further business, Trustee Brunner moved to adjourn the Workshop. The motion was seconded by Trustee Minx and unanimously approval via voice vote. The Workshop concluded at 10:12 pm. Minutes by: Carol A. Fritzshall, Village Clerk IegisMinutes\2007Abudgetworkshop -5-23-07