Grundy Reporter

Grundy County Finance Committee met July 8.

Here are the minutes provided by the committee:

I. Call to Order

Attendee Name	Title	Status	Arrived
Ann Gill	Board Member	Present
Eric Rasmusson	Board Member	Present
Deb Warning	Board Member	Absent
Doug Boresi	Board Member	Present
Greg Ridenour	Board Member	Present
Drew Muffler	Vice Chair	Present
Caleb Counterman	Chair	Present
Sandy Pommier	County Board Admin. Asst.	Present
Chris Balkema	Chairman	Absent

II. Public Comment

None

III. Approve Minutes

1. Finance Committee - Regular Meeting - Jun 10, 2024 4:30 PM

RESULT: APPROVED [UNANIMOUS] MOVER: Eric Rasmusson, Board Member SECONDER: Greg Ridenour, Board Member AYES: Gill, Rasmusson, Boresi, Ridenour, Muffler, Counterman ABSENT: Warning

IV. Claims

1. Board Member Vouchers - Total

1. Motion to approve in the amount of $2160.

RESULT: APPROVED [UNANIMOUS] MOVER: Ann Gill, Board Member SECONDER: Doug Boresi, Board Member AYES: Gill, Rasmusson, Boresi, Ridenour, Muffler, Counterman ABSENT: Warning

2. Treasurer's Claims 07/08/2024

RESULT: APPROVED [UNANIMOUS] MOVER: Doug Boresi, Board Member SECONDER: Greg Ridenour, Board Member AYES: Gill, Rasmusson, Boresi, Ridenour, Muffler, Counterman ABSENT: Warning

V. Finance Director

A. Finance Report

Matt Melvin reported on the FY25 budget process, Capital Improvement Plan, County Health Insurance renewal and the new Health Department.

1. Finance Report

B. General Fund Monthly Report

At 58% through FY24 the General Fund revenues are at 39.36%; expenditures 52.02%.

1. June General Fund Monthly Budget

C. Professional Services Update

Melvin reported that no expenditures have been made from the general purpose professional services ($30k budgeted)

1. June 24 Professional

D. ARP Update

Melvin told the committee that there had only been one funding request since the last presentation. The ARP list is now complete as all funding has been allotted.

1. ARP Finance 7_8_24

E. County Expansion Update

The committee was updated on the status of the new Health Department building and the remodel of the Administration Building.

F. FY25 General Fund Budget

Melvin summarized the current status of the anticipated revenues and requested expenditures. Total revenue is $21,905,309, expenditures $22,982,434 with a budgeted net income (loss) of $1,077,125. He plans to request reductions from departments and continue to monitor revenue to achieve a balanced budget.

1. General Fund FY25 Budget Update

VI. ETSB Report

Drew Muffler reported on pending law suit with Central Square.

VII. New Business

None

VIII. Old Business

None

IX. Executive Session

None

X. Action as a Result of Executive Session

XI. Adjournment

1. Motion to adjourn at 5:05 PM

RESULT: APPROVED [UNANIMOUS] MOVER: Eric Rasmusson, Board Member SECONDER: Ann Gill, Board Member AYES: Gill, Rasmusson, Boresi, Ridenour, Muffler, Counterman ABSENT: Warning

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