VILLAGE OF NORTH AURORA
COMMITTEE OF THE WHOLE MEETING MINUTES
JANUARY 4, 2016
CALL TO ORDER
Mayor Berman called the meeting to order.
ROLL CALL
In attendance: Mayor Dale Berman, Trustee Laura Curtis, Trustee Chris Faber, Trustee Mark Carroll, Trustee Mark Gaffino, Trustee Mark Guethle, Village Clerk Lori Murray.
Staff in Attendance: Village Administrator Steve Bosco, Finance Director Bill Hannah, Community & Economic Development Director Mike Toth, Police Chief Dave Summer, Public Works Superintendent Mike Glock, Water Superintendent Paul Young, Attorney Roman Scheckel.
AUDIENCE COMMENTS – none
TRUSTEE COMMENTS – none
DISCUSSION
1. Mid-year Financial Update
Finance Director Bill Hannah reported on the mid-year financial updates and stated that the budget process has begun for all departments in the Village.
General Fund Revenues are at $10,103,502.
Sales tax revenue is up 3.9% for the first 4 months of year. Current projection of 2.7% more than last year.
Income tax revenue up 12.2% first 7 months of the year. Current projection of 6.9% more than last year.
Building permits received to date equal $180,000 versus a budget of $200,000.
The Village is currently trending towards positive year-end results.
MFT Fund – allotments through the first 6 months are 5.1% higher compared to last year.
Route 31 TIF Fund – $453,000 in TIF Increment for the current FY, possibly slightly higher next year. The Capital Projects Fund funds the annual road program, $1.5 to $1.9 million a year.
Water Fund – water charges are down 2.6% to-date compared to the prior year.
Connection fees are at $63,726 to date.
2016 watermain program this spring = $420,000
The final payment of $390,000 for the 2006 bonds will be paid in 2016-17.
2. Community Building Discussion
Staff interviewed four companies that specialize in space needs. After reviewing the proposals staff believes the proposal from Market & Feasibility Advisors (MFA) to conduct the first phase of a community building/space needs assessment in the amount of $15,000 is the most effective proposal. Should the Village Board choose to move forward after the first phase, MFA’s proposal to complete the second phase of a study is an additional $10,000, bringing their total proposal cost to a potential $25,000. The Village Board was in agreement to move forward.
ADJOURNMENT
Motion to adjourn made by Trustee Guethle and seconded by Trustee Carroll. All in favor. Motion approved.
Respectfully Submitted,
Lori J. Murray
Village Clerk
