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 #: ID 17-652    Name:
Type: Report Status: Consent Agenda
In control: Finance Committee
On agenda: 10/9/2017 Final action:
Title: Finance Committee Review of the Draft Recommended FY18 Budget
Attachments: 1. 10-6-17 Memo from Village Manager, 2. FY18 Recommended Budget dated 10617
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Submitted By
Cara Pavlicek, Village Manager

Agenda Item Title
Title
Finance Committee Review of the Draft Recommended FY18 Budget

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Overview
Overview
The FY18 Village Manager's Recommended Budget is being presented for review and discussion by the Finance Committee of the Village Board. The October 9, 2017 meeting will focus on General Fund Revenues and the Village's Internal Service Funds.
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Anticipated Future Actions/Commitments
Recommendation
The Finance Committee is scheduled to meet on the following dates as detailed below in advance of the FY18 Budget's review by the full Village Board which will begin in November.

Monday, October 9, 2017, 6:30 p.m. the Finance Committee will be asked to review:
a. Review of General Fund Revenues
b. Review of Internal Service Funds
i. Review of Debt Service Fund
ii. Review of Health Insurance Fund
iii. Review of Self Insured Retention Fund

Tuesday, October 10, 2017, 6:30 p.m. the Finance Committee will be asked to review:
a. Review of Enterprise Funds
i. Water & Sewer
ii. Environmental Services
b. Review of Special Revenue Funds
i. Bullet Proof Vest Grant
ii. Community Development Block Grants
iii. Community Development Loan
iv. Downtown TIF
v. Earth Fest
vi. Emergency Solutions Grant
vii. Farmers Market
viii. Federal RICO
ix. Foreign Fire Insurance
x. Harlem Garfield TIF
xi. Health Department Grant
xii. Keep Oak Park Beautiful
xiii. Lead Hazard Grant
xiv. Madison Street TIF
xv. Motor Fuel Tax
xvi. Special Service Area #1
xvii. Special Service Area #7
xviii. Sustainability Fund
xix. Travel, Training & Wellness

Monday, October 23, 2017, 6:30 p.m. the Finance Committee will be asked to review:
a. Review of Police and Fire Pension Funds
b. Review of Enterprise Funds
i. Parking

Monday, October 30, 2017, 6:30 p.m. the Finance Committee will be asked to review:
a. Review of General Fund Expenditures

Body
Report
Chapter 2 of the Municipal Code establishes the foundation for the ...

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