HomeMy WebLinkAboutMinutes - 10/19/1994 - Finance and Personnel Committee FINANCE COI�tITTEE N'IEETING
�-- OCTOBER 19,1994
6:30 P.M.
Members Present: Chairman Locke, Aldermen Bates and Lawson.
Others Present: Alderraen Bolger, City Administrator Peterson, City
Clerk Althoff, Mayor Cuda
Alderman Locke called the meeting to order at 6:36 P.M. City
Administrator Peterson reviewed the city expenditures for the first
five months of this fiscal year. He noted the General Fund revenues
are greater than the pro3ected figure by approximately 13% due to an
increase in sales tax revenue. Excess General Fund revenues will be
reviewed during next years budgeting process. At this time
determination can be made whether an aggressive strom sewer pro3ect
can be recommended.
City Administrator Peterson stated that only one furniture payment
remained therefore additional monies may be available for previously
discussed pro3ects; ie: downtown revitalization and parking.
A resolution must be passed allowing for the use of Motor Fuel Tax
funds to be used toward the purchase price of the Edna Mae Johnson
property. Peterson noted that the Motor Fuel Tax Fund will be
approximately $600,000 at the end of this fiscal year. The Green
`. Street and Crystal Lake Road pro�ects are currently being expensed
through this fund.
Discussion followed regarding the east of the river annexation.
Peterson stated that the annexation will not impact the budget
negatively as there are adequate sales tax dollars available from
the numerous business located in this area.
WATER FUND
No capital pro3ects have been undertaken to date and the capital
development balance is approximately $1.9 million. The waste water
treatment plant must be expanded within the next two to two and a
half years however.
The Country Club Estates pro3ect will probably come in under budget
allowing the residents a refund.
RECREATION FUND
The beach was not a successful revenue source this season. Two
capital pro�ects totalling $25,000 were completed and a large
expenditure was made for boat purchases. Aldermen Locke and Bates
suggested that future developer donations be in the form of monies
as oppose to land donations.
JOB CLASSIFICATION AND SALARY MATRIX INFORMATION
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Alderman Locke explained that last year there was a consensus that
wage and benefit levels should be reviewed earlier in the year. As
per that request current �ob classifications and the salary matrix
were distributed. Alderman Locke asked the committee to review the
inf��rmation and determine what recommendations they would like to
giv�� the full council.
EMPLOYEE SALARIES
Alderman Locke asked Alderman Bates to review all the Parks and
Recreation Department's part-time employee salaries at the next
� Parks Committee meeting and report back to the Finance Committee
`- with recommendations. Locke also requested clarification of the
football and baseball coach �ob descriptions and their duties.
DELINQUENT MCHENRY SHORES SPECIAL ASSESSMENTS AND FAILURES TO
CONNECT TO SANITARY SEWERS
Seventeen properties remain delinquent down from the original
forty-seven in their special assessment and five homeowners down
from the original sixteen have not yet connected to the sanitary
sewer. Alderman Locke recommended the seventeen delinquent Special
Assessments be collected through a 3udgment sale of property process
as provided by law. City Administrator Peterson suggested that the
City bid on the five delinquent properties owned by McHenry Shores
Water Company.
Motion by Bates seconded by Lawson to recommend to the full council
the collection of the special assessments of the seventeen
delinquent properties through the 3udgment sale of property process
as provided by law and the bidding for purchase on the five
properties owned by McHenry Shores Water Company.
Voting Aye: Locke, Lawson, Bates
Voting Nay: None
Motion carried.
Alderman Bates requested a second letter be sent to the seventeen
L. delinquent homeowners reminding them that they have until November
2nd to pay the balance before going to sale.
REVIEW FINANCING OPTIONS FOR CONSTRUCTION OF SANITARY SEWER MAIN
EAST OF THE FOX RIVER
City Adruinistrator Peterson noted that sales tax revenues cannot be
pledged for revenue bonds. He suggested that design and engineering
costs should be paid on a cash basis rather than through the bond
funds. Once designed, the work should be sent out to bid, awarded
and then once an actual amount has been given, the City should
approach the bond market.
Discussion followed regarding the current state of the bond market.
Alderman Locke ad3ourned the meeting at 7:23 P.M.
Terry Locke, Chairman
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