Admin Committee Minutes 1995 10-30-95 UNITED CITY OF THE VILLAGE OF YORKVILLE
Committee Minutes - Administration Meeting
Date of Meeting: October 30, 1995 Location of Meeting: 111 W. Fox
Time Convened: 7:00 P.M. Time Adjourned: 9:25 P.M.
Attendees:
Bob Johnson
Jerry Lynch
Richard Scheffrahn
Art Prochaska
Jeff Spang
Jim Nanninga
Paul Stepusin
John Weber
Ron Dietrich
Kathy Jones
Discussion:
1.) Pandolfi -Audit - This audit reflects last year. It will take 12 -24
months to get the bugs out of the new computer accounting system.
There is an improvement over last year. The City should have three
to six months worth of operating expenses put aside. Balance sheet
is not strong but it is not weak. Much improvement over Excess of
Revenue. Variance was positive. Made more spent less. In three
years total revenue has increased by 26 %. This is mostly from permit
fees, and taxes. 93 & 94 expenditures exceeded revenues. Need to
improve cash position. Need to get some equity balance if something
unplanned or out of the ordinary should happen, the City may not be
able to absorb those cost. City need to come up with a long term
plan. Money in the bank needs to be insured. Cash forecasting will
and can help. Water fund is owed money. Revenue comes from
recapture fees. Part of the payback was suppose to come from the
North water sewer. Now the North and South have been combined.
City needs to be able to identify where the money comes from.
Nanninga said this is identifiable. Prochaska wants to know when
this amount gets paid back? Johnson feels if we keep track of where
the money comes from then you can differentiate what gets paid
back. Spang and Prochaska want to know where recapture fees are
for this year. Prochaska would like to see revenue for this fund. All
revenue goes into the general fund which is misleading. Johnson,
Prochaska, Nanninga, g Scheffrahn need to get together and go over
the recommendations and bring back to next Administration Meeting.
2.) 1995- 1996 Tax Levy - Spang wanted to know if money was being
put aside for the old court house. Any money made from property
sold will go for that. Approximate Equalized Assessed Valuation is
$83,285,672. This is a 20 1/2% improvement. This will decline by a
percent or two once it is protested. Police will get the maximum on
the levy. Spang was wondering why everything is lumped together
under corporate. Under corporate you can use that levy where you
need it. If there is a levy for something set -up then the levy has to be
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used for that. Should developers be charge an impact fee? Water
rate increases are to fund existing info structures. Money in the
budget was spent on other things. Need a five year plan to follow.
Nanninga said plans can and have been voted out. Its happened four
times in the past. Jones has told people there trash should cost them
$11.51 per month. Jones does not want to raise the users fees.
Could lower these fees. This would show up on water bill every two
months. Discuss developer idea more. Need to keep the levy at the
maximum level for police, library, and corporate. To show a
decrease, City will have to shave 2% off the levy. Would like to get
the levy down to 1. Bring back to next Administration Meeting.
Minutes by: Mollie Anderson
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