HomeMy WebLinkAboutMinutes - 2/10/1999 - Finance and Personnel Committee L
JOINT
PARKS AND RECREATION COMMITTEE &
FINANCE COMMITTEE MEETING
February 10, 1999
Members Present: Chairperson Aiderman Murgatroyd and Chairman Alderman
Baird
Absent: Alderman Glab and Alderman McClatchey
Others Present: Mayor Cuda, City Administrator Lobaito, City Clerk
Althoff, Parks and Recreation Director Merkel
Joint Chairmen Alderman Murgatroyd of Finance and Alderman Baird of Parks and
Recreation called the meeting to order at 7:00 p.m. The purpose of this committee
meeting is to discuss the allocation of monies received through park donations to
other park funds, specifically a Recreational Facility.
`" Chairman Alderman Murgatroyd suggested the following two allocation methods:
1 . establish a set dollar amount for each year to be allocated to the
Recreational Facility fund or
2. establish a percentage of each fee collected.
City Administrator Lobaito clarified the percentage would be calculated on the total
fees collected in each category; ie: two bedroom, three bedroom, etc. Dollar
transfers would occur at a designated time each fiscal year.
Chairman Alderman Murgatroyd suggested a range between forty (40%) and fifty
percent (50%). Some discussion followed regarding additional miscellaneous
revenue sources which might be allocated toward the Recreational Facility fund.
Mayor Cuda noted the Infrastructure Maintenance Fund and Annexation Fund.
Parks and Recreation Director Merkel reported the average annual park developer
donation fee revenue collected is approximately $140,000. City Administrator
Lobaito noted the 1998-99 fiscal year reflects a total of approximately $175,000
through December. He also reminded the joint committee $750,000 of park
developer donation monies had been allocated to the Recreational Fund in April of
1998.
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Joint Finance and Parks and Recreation Committee Meeting
February iQ, 1999
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Chairman Alderman Baird suggested fifty percent (50%) of all park developer
donation revenues collected within each fiscal year be allocated to the Recreational
Facility Fund. In response to Chairman Alderman Baird's inquiry, City Administrator
Lobaito clarified fifty percent (50%) of the monthly Corlands and Petersen Farm
payments were expensed from the Park Developer ponation Fund account. The
balance was attributed to the General Fund account.
Some discussion ensued. City Administrator Lobaito also noted adjustments to
each account could be made at fiscal year end.
Motion by Baird, seconded by Murgatroyd to recommend to full council the
allocation of Park Developer ponation revenues each fiscal year commencing with
the May 1 , 1998 year on a semiannual basis each April 30th and October 31 st in
the following manner:
fifty percent (50%) to a Recreational Facility Fund account and
fifty percent (50%) to the Parks Developer ponations Fund account.
City Administrator Lobaito also noted the Developer ponation formula for parks
was based on a 530,000 land value. He suggested staff be directed to review the
`'' advisability of land value adjustments. He also noted historically the City of
McHenry accept land in lieu of cash. Recently this philosophy has been reversed
with cash being the preferred choice.
Motion by Baird, seconded by M.�r�a.troyd to adjourn the meeting at 7:23 p.m.
Voting Aye: Baird, Murgatroyd
Voting Nay: None
Absent: Glab, McClatchey
Motion carried.
The meeting was adjourned at 7:23 p.m.
Steven Murgatro d, airman
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William Baird, Chairman
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