Kankakee Times

Village of Bourbonnais Finance Committee met May 10.

Here is the minutes provided by the Committee:

1. Roll Call:

Village President Paul Schore, Trustee Fischer, Trustee Greenlee, Trustee Keast, Trustee Littrell, Trustee Serafini, Village Treasurer Riebe, Assistant Village Administrator Wimberly, Finance Director Wolf and Village Attorney Pat Dunn. Absent is Trustee King.

2. Review and approve Committee minutes:

A motion was made by Trustee Keast and seconded by Trustee Littrell to approve the committee minutes from April 26, 2017.

3. Bills:

i. General funds bills reviewed: Committee approved.

ii. Special fund bills reviewed: Committee approved.

4. Other:

o Proposal for new accessory for Event/Skatepark - Committee approved using the profit from the Chocolate Tour for the new rail.

o Proposal for Upgrade of Cameras in and around the Administration Building - Committee approved the Ruder proposal to replace the analog cameras inside and outside of the Administration building with digital cameras. It was noted that one of the analog cameras has already failed after 9 years.

o Proposal for lease terms from People's Bank for Vactor purchase - Finance Director Wolf presented the terms of the 5 year lease to purchase a Vactor for Public Works. The lease will be funded in the next week and the equipment will be held by the manufacturer until we are ready to take delivery.

o Discussion of Consolidation of Bank accounts from 14 accounts to 4 accounts - Finance Director wolf presented a proposal to combine several of the Villages bank accounts into a smaller number of functional accounts to streamline operations and eliminate the need for some transfers. Mayor Schore requested a reevaluation of the plant to accommodate as many local banks as possible. The new plan will be presented at the next Finance Committee meeting.

o Other - Village Engineer Tyson presented the bid results for the FY 2018 Road Program. His recommendation was to award the contracts to the low bidder with the exception that the Group 7 low bidder, Gallagher Asphalt replace its concrete Sub, Davis Construction.

Old Business:

o Village Fund Balance Policy - Will be available for review at next Board meeting.

o Term of the Republic Waste Contract - Reported contract ending date of 3/31/2021.

o Sewer and refuse charge increases for FY 18 - Options will be formulated by the Finance Department and available for review in a month.

New Business: Non-Union employee evaluations were completed and will be reviewed by Committee. Salary discussion at next Finance meeting.

Public Comments: None.

Adjournment and Time:

A motion was made by Trustee Littrell and seconded by Trustee Keast to adjourn the Finance Committee meeting. Motion passed on a voice vote of 5-0 and the meeting adjourned at 4:40 p.m.

http://www.villageofbourbonnais.com/administrator/components/com_minutes_and_agendas_by_committee/uploads/86ef3e87b00b5f7529a4cc757fb46626-2017-05-10---Committee-Minutes--EXECUTED-.pdf