Finance & Administration Committee

Village Manager's Office Conference Room

Agenda — 12 items

1. 1.0 Call to Order and Pledge of Allegiance
2. 2.0 Roll Call
3. 3.0 Public Participation
4. 4.0 Approval of Minutes approved Pass
5. 5.0 Other Business
6. 6.0 New Business
7. 7 Recommendation of Proposed Three (3) Year Waterfall Suspension to the Pension and Economic Development Fund Reserves Recommendation from the Finance & Administration Committee to suspend the Waterfall to the Pension & Economic Development Fund Reserves for three years (2024-2026) to prioritize funding of the Building Reserve Fund for construction of a new Public Safety Building. 250088 approved Pass
8. 8 Recommendation of Proposed $1 Million Transfer from the Hotel/Motel Tax Fund to the Building Fund and An Ordinance Amending the Village's Fiscal Year 2025 Budget to Account for the $1 Million Transfer of Funds. Waiver of first reading is requested. (2/3 vote of Corporate Authorities required, 5 of 7) Recommendation from the Finance & Administration Committee to transfer $1 million from the Hotel/Motel Tax Fund to the Building Fund for construction of a new Public Safety Building. 250089 motion Pass
9. 7.0 Information Only
10. 8.0 Review of Financial Report
11. 9.0 Future Meeting Dates
12. 10.0 Adjournment adjourn Pass