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Grundy Reporter

Thursday, November 21, 2024

Grundy County Finance Committee met Oct. 23

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Chris Balkema, County Board Chair | Grundy County

Chris Balkema, County Board Chair | Grundy County

Grundy County Finance Committee met Oct. 23.

Here are the minutes provided by the committee:

I. Call to Order

Attendee Name

II. Public Comment

Dave DiVincenzo, Santa Claus is Coming to Morris, spoke regarding the fundraiser to support future !st Responders in Grundy County with scholarships, as well as events that have continued since 2018.

III. Approve Minutes

1. Finance Committee - Regular Meeting - Oct 10, 2023 4:30 PM

RESULT: APPROVED [UNANIMOUS]

MOVER: Greg Ridenour, Board Member

SECONDER: Deb Warning, Board Member

AYES: Gill, Rasmusson, Warning, Boresi, Ridenour, Muffler

ABSENT: Counterman

IV. Claims

1. Board Member Vouchers - Total

1. Motion to approve in the amount of $2080.

RESULT: APPROVED [UNANIMOUS]

MOVER: Greg Ridenour, Board Member

SECONDER: Deb Warning, Board Member

AYES: Gill, Rasmusson, Warning, Boresi, Ridenour, Muffler

ABSENT: Counterman

2. Treasurer's Claims 10/23/2023

RESULT: APPROVED [UNANIMOUS]

MOVER: Ann Gill, Board Member

SECONDER: Eric Rasmusson, Board Member

AYES: Gill, Rasmusson, Warning, Boresi, Ridenour, Muffler

ABSENT: Counterman

V. New Business

1. Proposed Village of Minooka TIF

Jeff Lind, Community Development Officer for the Village of Minooka, spoke regarding the plan for and the impact of Grundy County by the proposed Village of Minooka TIF. The committee requested addition information prior to the Public Hearings and adoption of ordinances in February of 2024.

RESULT: INFORMATIONAL ONLY

VI. Finance Director

1. Finance Report-Discussion

Matt Melvin updated the committee on the budgets, County expansion, audits and ongoing projects.

RESULT: INFORMATIONAL ONLY

2. ARP Update-Discussion

Melvin updated the committee on the list since the last presentation; $6 million left to spend.

RESULT: INFORMATIONAL ONLY

3. FY23 Amended/FY24 Original Budget Updates-Discussion

The FY23 Amended budget resulted in a reduction to capital projects by $120k to balance General Fund.

One small update to the FY24 budget.

RESULT: INFORMATIONAL ONLY

4. Tax Levy Update

Finance Director Melvin presented the 5 year forecast including the changes made to minimize levy costs while maintaining the minimum 6-month reserve recommended by the County's auditors.

1. Five Year Budget Forecast - Draft

2. Comparative Tax Data

VII. ETSB Report

None

VIII. Old Business

None

IX. Executive Session

None

X. Action as a Result of Executive Session

XI. Adjournment

1. Motion to adjourn at 6:02 PM.

RESULT: APPROVED [UNANIMOUS]

MOVER: Deb Warning, Board Member

SECONDER: Greg Ridenour, Board Member

AYES: Gill, Rasmusson, Warning, Boresi, Ridenour, Muffler

ABSENT: Counterman

http://grundycountyil.iqm2.com/Citizens/FileView.aspx?Type=12&ID=3066 

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