Finance and Administration

 

Minutes of a meeting of the Finance and Administration Committee of the City of O’Fallon, held in the Mayor’s Conference Room, City Hall, 255 S. Lincoln, O’Fallon, Illinois on June 23, 2014.  Call to order by M Bennett  Time:  5:30 p.m.  QUORUM PRESENT

 

Approval Minutes: - April 28, 2014 Motion Albrecht, Second Drolet  All Ayes. Motion carried.

   

 

Item A:  Resolution authorizing Director of Finance to secure Lease/Purchase Agreements for Equipment/vehicles for FY 2014-2015:  Director of Finance explained that this is an annual resolution that authorizes the Director of Finance to secure lease/purchase agreements for FY 2014-2015.  There was no discussion.  Motion Albrecht, Second McCoskey  All Ayes

 

Item B:  Ordinance Amending Personnel Code:  Director of Finance explained that there was a need to update the 2001  Personnel code due to all of the new laws, such as concealed carry, tobacco-free smoking such as e-cigarettes, etc. A summary of changes was distributed prior to the meeting.  April Mitchell, HR Specialist, was in attendance to answer any questions.   Aldermen questioned why the personnel code hadn’t been updated since 2001.  It was explained that minor changes are made as the need arises, but since there were several, rather important changes and additions, it was decided to just update the entire personnel code by amending the ordinance from 2001.  Motion Gerrish, Second McCoskey  All Ayes

 

Other Business:

 

Item A: Tax Levy- TIF Clarification:  Director of Finance addressed a comment from an Alderman from a previous meeting regarding how our property taxes are higher because of the TIF’s.  The city’s TIF increment is $8,140,373 which represents only 1.26% of our total EAV of $644,876,503.   The rate difference between the rate setting EAV and the EAV without a TIF is .0109.  This amounts to approx.. $4.79 for a resident with a $150K home .  The value the city and residents receive from the businesses in a TIF far outweigh this amount.   Director of Finance said that O’Fallon establishes TIF districts the way they are supposed to be used, unlike some neighboring communities where their TIF increments are 80-100% of their total EAV.

 

Motion to Adjourn by Albrecht, Second, McCoskey   All Ayes. Motion Carried.                                                                                                                                                                       

 

Next Meeting:   July 28, 2014 at 5:30pm