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Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 21-21    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 1/19/2021 Final action: 1/19/2021
Title: A Resolution Approving Expenditures For Annual Online Bill Payment Services with Invoice Cloud, Inc. in an Amount Not to Exceed $60,000 for Fiscal Year 2021 Pursuant to the Billing Services Agreement with Invoice Cloud, Inc. Dated December 11, 2017
Attachments: 1. Resolution- Invoice Cloud Annual Spending.pdf, 2. Billing Services Agreement, 3. Proposal Attachment

Submitted By                     

Steven Drazner, CFO

 

Reviewed By

LKS

 

Agenda Item Title

Title

A Resolution Approving Expenditures For Annual Online Bill Payment Services with Invoice Cloud, Inc. in an Amount Not to Exceed $60,000 for Fiscal Year 2021 Pursuant to the Billing Services Agreement with Invoice Cloud, Inc. Dated December 11, 2017

 

End

Overview

Overview

The Village utilizes the services of Invoice Cloud, Inc. for water/sewer/refuse invoicing and as well as payment processing for online transactions for Cityview transactions.  

 

Body

Staff Recommendation

Approval.

 

Fiscal Impact

This expense has been appropriated in Finance operating budget 1001.41300.101.530675 and 5040.41300.101.530675

 

Background

Invoice Cloud, Inc. is the service provider for electronic invoicing (in the case of water/sewer bills) as well as the interface for online payment processing for water/sewer/refuse, Day in Our Village, FOIA, Farmers Market, and Cityview payments.

 

The annual cost of Invoice Cloud is largely dependent on the volume of transactions paid online.   

 

Alternatives

N/A

 

Previous Board Action

On December 11, 2017, the Village Board approved a Billing Services Agreement with Invoice Cloud, Inc. to provide electronic Utility Bill presentment and payment services.

 

Citizen Advisory Commission Action

N/A

 

Anticipated Future Actions/Commitments

N/A

 

Intergovernmental Cooperation Opportunities

N/A