Submitted By
Cara Pavlicek, Village Manager
Reviewed By
LKS
Agenda Item Title
Title
Additional Review of General Fund Expenses
End
Overview
Overview
Pursuant to the requests of the Village Board of Trustees, this item is a review the recommended General Fund and potential expenditure reductions based upon the discussion at the November 12, 2018 special meeting of the Village Board.
Body
Staff Recommendation
Board direction is requested so that an updated budget document can be submitted to the Village Board for adoption on December 3, 2018.
Fiscal Impact
Within the background text below, reductions to the recommend FY19 budget are submitted with a brief analysis for the Village Board's consideration. Please note, the attached recommended FY19 budget dated October 30, 2018 do not contain the reductions below.
In total, the recommendations below total:
$354,818 in General Fund reductions in FY19
$ 80,000 in Capital Fund reductions in FY19
$ 85,000 in General Fund savings in FY18
$519,818 total
Background
The Finance Committee of the Village Board held four meetings in October 2018 to review and discussion the recommended FY19 budget.
The Village Board held a public hearing on November 5, 2018 and Special Meeting on November 12, 2018 regarding the recommended FY19 budget.
On November 12, 2018, there was consensus from the Village Board to hold a meeting on November 26, 2018 and review reductions in FY19. While there were many individual perspectives expressed as part of the Village Board's discussion, reductions in General Fund expenditures in order to minimize fund any 2019 expenditures with General Fund balance was noted by several Trustees. In addition, in preparing the recommendations below, staff took into account input received from individual Trustees.
Recommended General Fund Reductions in FY19
Reduce request by one (1) to hire additional Police Officers (reduction of $120,000): Interim Chief Reynolds has examined staffing and co...
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