Submitted By
Cara Pavlicek, Village Manager
Agenda Item Title
Title
Finance Committee Review of the Draft Recommended FY19 Budget
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Overview
Overview
The FY19 Village Manager's Recommended Budget is being presented for review and discussion by the Finance Committee of the Village Board. The October 22, 2018 meeting will focus on Internal Service Funds and Special Revenues 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 FY19 Budget's review by the full Village Board which will begin in November.
Monday, October 22, 2018, 6:30 p.m. at the Public Works Center the Finance Committee will be asked to review:
a. Review of Internal Service Funds
i. Review of Debt Service Fund
ii. Review of Health Insurance Fund
iii. Review of Self Insured Retention Fund
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
Thursday, October 25, 2018, 6:30 p.m. at the Public Works Center the Finance Committee will be asked to review:
a. Review of General Fund Revenues
a. Review of General Fund Expenditures
b. Review of Enterprise Funds
i. Water & Sewer
ii. Environmental Services
iii. Parking Fund
Body
Report
Chapter 2 of the Municipal Code establishes the foundation for the Municipal Budget and provides:
? The Village fiscal year is January 1 - December 31 annually.
? The Board of Trustees must adopt the annual budget prior to the start of the Fiscal Year and p...
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