Kankakee Times

Village of Bourbonnais Finance Committee met Sept. 27.

Here are the minutes provided by the committee:

1. Meeting Opening

Meeting called to order at 4:00 PM by Trustee Rick Fischer

Discussion: A. Roll Call - Trustee Rick Fischer

Members present: Trustee Bruce Greenlee, Trustee Rick Fischer, Trustee Randy King, Trustee Jeff Keast, Trustee Jack Littrell, and Trustee Angie Serafini (on Zoom). Also in attendance, Treasurer Ron Riebe, Attorney Patrick Dunn, Administrator Michael Van Mill, Asst. Administrator Laurie Cyr, Finance Director Tara Latz, Chief Jim Phelps, Public Works Superintendent Terry Memenga, Interim Public Works Asst. Superintendent Frank Triveline, and Admin Assistant Margie Beach. Absent: Mayor Paul Schore

2. Review and Approve Committee Minutes

Action, Minutes: A. Finance Committee Minutes from September 13, 2023

Motion by Trustee Jack Littrell, second by Trustee Randy King to approve the Finance Committee minutes from September 13, 2023.

Final Resolution: Motion Carried

Aye: Trustee Bruce Greenlee, Trustee Rick Fischer, Trustee Randy King, Trustee Jeff Keast, Trustee Jack Littrell, and Trustee Angie Serafini

3. Bill Lists

Accounts Payable: A. General Fund

> Questions on invoices and payments were discussed and answered by Mrs. Latz and Mr. Memenga.

The General fund bill list was reviewed and the Finance Committee agreed to proceed with payment of the bills at the next Regular Board meeting on October 2, 2023.

Accounts Payable: B. Special Fund

The Special fund bill list was reviewed and the Finance Committee agreed to proceed with payment of the bills at the next Regular Board meeting on October 2, 2023.

4. Other Business

Discussion: A. Kankakee Holiday Tournament Donation Request

> Mrs. Latz explained we received the annual request for sponsorship for the Kankakee Holiday Basketball tournament.

Finance Committee agreed to decline this sponsorship request at this time.

Discussion: B. July/August 2023 Operating Results

> Mrs. Latz went over the July and August Operating results, along with providing the quarterly bank balances for review (on Board Docs). July disbursement was received from property taxes, and next larger one will be in the September report.

> Revenues and Expenditures were explained by line item and a summary was given in the attached memo. Total Revenues for FY24 after 4 months is at $4,239,730.45

Total Expenditures for FY 24 after 4 months is at $4,402,329.35. All departments are under budget at this time, except for Parks due to projects and summer help expenses, which will now slow down.

Discussion: C. Other

> Mrs. Latz stated we received Manteno School District's TIF Extension Letter of Support this week. This final letter was sent to Senator Joyce, and Mr. Van Mill delivered copies of all the letters to State Rep Jackie Haas today, they will bring them to the State's fall session in Springfield. We have 100% support in extending the Industrial TIF by all taxing bodies.

> Mrs. Latz stated the PSI Development Agreement will be ready for first reading at the Regular Board meeting on Monday, October 2, 2023.

> Mrs. Latz asked the Board if we can announce the Halloween trick-or-treating hours from 5:00-7:00 PM? This

request was approved, and will be announced at the Monday, October 2, 2023 Regular Board meeting.

> A public notice will be in the newspaper this Saturday, September 30 announcing the change of time to 4:00 instead of 5:30 PM for the October 16 Regular Board meeting, due to the Board attending a memorial at KCC from 5:00-7:00 PM.

5. Old Business - None

6. New Business - None

7. Public Comments - None

8. Executive Session - Not applicable.

9. Adjournment and Time

Action, Procedural: A. Adjournment & Time

Motion by Trustee Jeff Keast second by Trustee Jack Littrell to adjourn the Finance Committee meeting at 4:22 PM Final Resolution: Motion Carried

Aye: Trustee Bruce Greenlee, Trustee Rick Fischer, Trustee Randy King, Trustee Jeff Keast, Trustee Jack Littrell, and Trustee Angie Serafini

https://go.boarddocs.com/il/vobil/Board.nsf/files/CW9QQ4687374/$file/2023-09-27%20Finance%20Minutes%20for%20Approval.pdf