Kankakee Times

Village of Bourbonnais Finance Committee met Dec. 11.

Here are the minutes provided by the committee:

1. Meeting Opening 

Meeting called to order at 4:22 PM by Trustee Rick Fischer 

Procedural: A. Roll Call - Trustee Rick Fischer called to order at 4:22 PM 

Members present: Mayor Paul Schore, Trustee Bruce Greenlee, Trustee Rick Fischer, Trustee Randy King, and Trustee Jack Littrell. Also in attendance, Treasurer Ron Riebe, Attorney Patrick Dunn, Administrator Michael Van Mill, Finance Director Tara Latz, Public Works Superintendent Terry Memenga, Deputy Chief Dave Anderson, Engineer Mike Gingerich, Asst. Finance Director Holly St. Germaine and Deputy Clerk Margie Beach. Absent: Trustee Jeff Keast and Trustee Angie Serafini 

2. Review and Approve Committee Minutes 

Action, Minutes: A. Finance Committee Minutes from November 26, 2024 

Motion by Trustee Randy King, second by Trustee Bruce Greenlee to approve the Finance Committee minutes from November 26, 2024 as presented. 

Final Resolution: Motion Carried 

Aye: Trustee Bruce Greenlee, Trustee Rick Fischer, Trustee Randy King, and Trustee Jack Littrell 

3. Bill Lists 

Accounts Payable: A. General Fund 

> Questions were discussed and answered by Mr. Memenga, Mr. Gingerich and Mrs. Latz. 

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 Monday, December 16, 2024. 

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 Monday, December 16, 2024. 

4. Other Business 

Discussion: A. Options CIL Donation Request 

> Mrs. Latz stated we received a request for a donation from Options Center for Independent Living. We have not donated in the past. 

Finance Committee agrees to decline this donation request at this time. 

Discussion: C. Belle Aire Partners LLC Property Tax Appeal 

> Mrs. Latz stated we received from Kankakee County Board of Review a reduction of assessed value request from Belle Aire Partners, LLC (on Board Docs). They are requesting a significant reduction in assessed value, and if they are successful it could lessen our property tax income by approximately $3,200. 

Discussion: D. ARPA Funds Update 

> Mrs. Latz stated we have allocated all our funds, which needs to be done by the end of December 2024 (on Board Docs). Discussion was had in the previous committee meeting about Public Works projects, and how the curb/sidewalk project on Bethel would take up what was left in Rebuild IL Funds, these ARPA funds, and the remaining portion would come from the General Fund streets/drainage budget. List was presented to show where items have been allocated from these funds, and feels we will have no problem spending all the funds by the expenditure deadline of December 2026. 

Discussion: E. Rebuild IL Funds Update 

> Mrs. Latz gave an update on the status of Rebuild IL Funds break out of revenue and expenses (on Board Docs). Discussion was had in the previous committee meeting about Public Works projects. The Bethel curb/sidewalks project will be using all these monies, which needs to be spent by July 1, 2025. 

5. Old Business 

Discussion: A. Career Center Rd Widening Project Funding 

> Mrs. Latz reminded the Board this was discussed previously about widening Career Center road which is from the result of a MPO engineering study, and we will need funding for this project. We have a Certificate of Deposit at Bank of Bourbonnais we will use, and also would like to use funds from investments at PMA and move to IPrime (short term investment account) so we will have approximately half the costs of this project lined up and ready. 

> Mrs. Latz stated we were waiting for the Board to consider this and move forward. Legislation will be needed to withdraw funds from the investment account, these funds will be paid back over time. 

Finance Committee agrees to move forward with this project and legislation will be created for the next Regular Board meeting on Monday, December 16, 2024. 

> Trustee Fischer notified the Finance Committee that the next Finance meeting will be held on Thursday, January 2, 2025 at 4:00 PM due to the New Year's holiday. 

6. New Business 

Information: A. 

7. Public Comments - None 

8. Executive Session - Not applicable 

9. Adjournment and Time 

Action, Procedural: A. Adjournment & Time 

Motion by Trustee Jack Littrell, second by Trustee Randy King to adjourn the Finance Meeting at 4:41 PM. Final Resolution: Motion Carried 

Aye: Trustee Bruce Greenlee, Trustee Rick Fischer, Trustee Randy King, and Trustee Jack Littrell 

https://go.boarddocs.com/il/vobil/Board.nsf/files/DC5QRK6A9214/$file/2024-12-11%20Finance%20Minutes%20for%20Approval.pdf