123 Madison Street  
Oak Park, Illinois 60302  
www.oak-park.us  
Village of Oak Park  
Meeting Agenda  
Finance Committee  
Thursday, August 6, 2026  
6:30 PM  
Room 201 (Council Chambers)  
A Finance Committee Meeting will start at 6:30 p.m. in Council Chambers (Room 201)  
The President and Board of Trustees welcome you. Public comments may be made by  
individuals at the beginning of the meeting, as well as when agenda items are discussed.  
If you wish to provide public comment, complete the "Instructions to Address the Village  
Board" form which is available at the back of the Chambers and present it to the Village  
Clerk at the Board table. When recognized, approach the podium and state your name  
first. If you wish to provide comment by virtual means, contact the Village Clerk's Office  
prior to 5:00 p.m. on the day of the meeting by calling 708-358-5670 or by email to  
publiccomment@oak-park.us. Your camera must remain on while speaking. Please  
limit your remarks to three minutes.  
Instructions for Non-Agenda Public Comment  
Non-agenda public comment is a time set aside at the beginning of a meeting for  
individuals to speak about an issue or concern that is not on that meeting's agenda. It is  
not intended for a dialogue with the Board. Non-agenda public comment is limited to 30  
minutes with a limit of three minutes per person. If non-agenda public comment exceed  
30 minutes, public comment will resume after the items listed under the regular agenda  
are complete. See instructions above on how to provide public comment.  
Instructions for Agenda Public Comment  
Comments are three minutes per person per agenda item with a maximum of three  
agenda items on which an individual may speak. In addition, the Village Board permits a  
maximum of five persons to speak on each side of any one topic which is scheduled for  
or has been the subject of a public hearing by a designated hearing body. These items  
are noted with (*). See instructions above on how to provide public comment.  
1. Call To Order  
2. Roll Call  
3. Public Comment  
4. Approval of Minutes  
A Motion to Approve Minutes from the May 21, 2026 and June 18, 2026  
Finance Committee Meeting of the Village Board  
A.  
MOT 26-197  
Overview:  
This is a Motion to approve the official minutes of meetings of the Fianance  
Committee of the Village Board.  
5. New Business  
A Discussion of the Draft External Agency Funding Policy and Direction  
to Staff  
B.  
ID 26-481  
Overview:  
Staff is presenting a draft policy for Finance Committee direction on how  
existing and future direct and indirect funding relationships with external  
agencies should be evaluated, approved, documented, and monitored, including  
their fiscal and operational effects on the Village.  
A Motion to Discuss the Proposed Investment Policy, Provide Feedback,  
and Recommend that the Policy Be Forwarded to the Village Board for  
Consideration  
C.  
MOT 26-203  
Overview:  
The Finance Committee is asked to review the proposed Investment Policy and  
provide direction on a comprehensive framework that incorporates sustainability  
and community-value considerations while maintaining compliance with Illinois  
law and the Village's obligations to protect principal, preserve liquidity, and  
prudently manage public funds. The Committee is also asked to recommend  
whether a revised policy should be forwarded to the Village Board for  
consideration.  
A Motion to Discuss the Proposed Tax Levy Policy, Provide Feedback,  
and Recommend that the Policy Be Forwarded to the Village Board for  
Consideration  
D.  
MOT 26-204  
Overview:  
The Finance Committee is asked to review the proposed Tax Levy Policy,  
provide feedback on the proposed planning framework, and recommend  
whether the policy should be forwarded to the Village Board for consideration.  
6. Adjournment