Finance & Administration Committee

         

 

Minutes of a regular meeting of the Finance and Administration Committee of the City of O’Fallon, held at the Public Safety Building, 285 N. Seven Hills Road, O’Fallon, Illinois on February 23, 2015.

 

CALL TO ORDER: 5:00pm

 

ROLL CALL: COMMITTEE MEMBERS: Bennett, Chairman, Drolet, Gerrish

McCoskey, Albrecht

NON-COMMITTEE ALDERMEN: Holden, Meile, Roach, Hagarty, True, Mouser

STAFF LIAISON: Evans, Denton, Funk, Van Hook, Sullivan, Gentry

GUESTS/RESIDENTS:  Malare, Pitts, Kueker, Smallheer

    

Approval Minutes: - January 26, 2015 Motion Albrecht, Second Drolet

 All Ayes. Motion carried.

   

 

Item A: Ordinance amending Title XI, Chapter 116, Section 116.18(C) Fee of the 2014 Code of Ordinances-Class H-1 Liquor License:   City Administrator explained that this ordinance was discussed at a previous Community Development committee meeting.  This ordinance is establishing the liquor license fee for an H-1 classification.    Motion Albrecht, Second Drolet.  All Ayes.

 

Item A: Proposed FY 2016 Budget: Director of Finance presented an overview of the DRAFT FY 2015/2016 budget.  The budget is balanced at $75,638,265. This represents a 19% increase compared to the previous year due mostly to $14.5M projected in the Greenmount TIF account for the mine remediation and infrastructure costs associated with the new medical complex. The library is also planning a large renovation project   The General Fund reflects a 5% increase over FY 15 partly due to streets budget including 3 tornado sirens as well as the facilities budget including a portion of the cost for HVAC replacement and generator at City Hall.  General fund revenue is projected at $15,713,665 which equates to a 5% increase.  This includes a 3% increase in projected sales tax and 2% increase in State income tax, which is based on IML’s per capita projection. The utility tax increased by 6% to $1,700,000 and telephone franchise of $850,000 remains unchanged from the previous year.  The accounting for the transfer of these two taxes to parks has changed thereby showing a decrease, which could be disconcerting at first glance.  Staff is projecting a 25% increase in building permits due to new commercial and residential construction.  Video gaming licenses, $15,000 and video gaming earnings of $50,000 were included as new revenue sources.  A list of capital expenditures for the various departments was presented.  Chief Van Hook mentioned that there were two additional vehicles being purchased besides the two listed as being purchased from seized funds.  Staff will adjust accordingly.

 

Director of Finance also provided a list of new position requests for the new budget year.  Those positions include a recreation supervisor for parks and two full-time paramedics.

 

Director of Finance then introduced Dan Gentry, IT Manager, who discussed the IT budget and answered questions regarding the FY 16 IT budget proposal.

 

Detailed line item budgets for General Fund Revenue, Administration, Economic Development, TIF, Hotel/Motel and Strategic Plan Projects were distributed prior to the meeting, allowing all to review in advance.  Director of Finance answered questions that were asked. Other departmental budgets will be presented during their respective committee meetings for review.  A final review of the proposed budget will be discussed at the next finance committee meeting on March 23. The complete budget will be presented for 1^st reading on April 6th and the Public Hearing and adoption set for April 20^th.

 

Motion to Adjourn: Albrecht, Second McCoskey  All Ayes. Motion carried.                                                  

Next Meeting:   Monday, March 23, 2015