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HomeMy WebLinkAbout2006-11-01 Special Meeting MinutesMINUTES OF THE NOVEMBER 1, 2006, SPECIAL MEETING OF THE BOARD OF TRUSTEES/ 2007 BUDGET WORKSHOP OF THE VILLAGE OF MORTON GROVE RICHARD T. FLICKINGER MUNICIPAL CENTER -TRUSTEES CONFERENCE ROOM 6101 CAPULINA MORTON GROVE, ILLINOIS 60053 Pursuant to proper notice as provided by the Illinois Open Meetings Act, the Special Meeting was called to order at 6:05 pm by Village President Richard Krier. Corporation Counsel Liston called the roll. In attendance were: Elected Officials: Mayor Richard Krier, Trustees Georgianne Brunner, Dan DiMaria, Rita Minx, Dale Senensky, and Dan Staackmann Absent: Trustee Roy Kogstad and Clerk Carol A Fritzshall Village Staff: Administrator Joseph F. Wade, Corporation Counsel Teresa Hoffman Liston, Finance Director/Treasurer Daniela Partipilo, Fire Chief Tom Friel Guests: Nick Katz, Morton Grove Champion and several residents President Krier stated the purpose of the meeting was to allow Trustees to pose comments or questions on any budget topic, but in particular he asked for comments regarding the current fund balance, an acceptable minimum fund balance level, and how the Board wished to allocate Village funds in excess of the minimum fund balance. Over the past year and one-half the Village has been able to keep the budget lean and increase its fund balance. Mr. Wade stated he felt the Village should maintain a fund balance level of 25% of its operating budget and he favored using funds in excess of the minimum fund balance for capital projects, especially roads. Public Works had asked for an additional $725,000 to be spent on improving roads which currently was not included in the 2007 Budget. Trustee Senensky recommended a large portion of any excess funds be used to reduce the garbage fee. Trustee Minx stated she thought the Village should strive fora 25% fund balance but for the current year, she recommended a 23% fund balance and asked any excess funds be used for street improvements. Current estimates showed using a 23% fund balance level, the Village would have approximately $736,000 of available funds. Trustee Minx recommended the Village allocate $728,000 to street improvements and the balance to reduce the garbage fee. A general discussion then ensued. The Mayor recommended $700,000 of available funds be allocated toward street improvements and the balance allocated toward tax relief and asked for any objections. None were made. Mayor Krier then reviewed the remaining timeline for the passage of the budget and the levy. He then asked and received audience questions and comments. There being no further business, Trustee Minx moved to adjourn the special meeting at 7:03 pm. The motion was seconded by Trustee Brunner and passed unanimously via a voice vote. Minutes by: Teresa Hoffman Liston, Corporation Counsel legis\minutes\specialmeetingminutes. l l -O l -06