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03/01/2007MINUTES COMMITTEE OF THE WHOLE March 1, 2007 The village board met in the conference room of the village hall at 2:00 p.m. on Thursday, March 1, 2007. In attendance were: Village Board Staff Robert Benton, Trustee Robert D. Franz, Village Manager Michelle Feldman, Trustee Philip Kiraly, Asst. Village Manager Harriet Rosenthal, Trustee Robert Fialkowski, Director of Finance William Seiden, Trustee Barbara Little, Director of Public Works and Engineering Barbara Struthers, Trustee Frank Cisek, WRF Superintendent 2007-08 BUDGET Staff discussed with the village board the proposed budget for fiscal year 2007-08, emphasizing that: • It presents a financial plan for more than one year. • There will be little change in basic operations, reflecting only inflationary adjustments. • It proposes a very aggressive capital improvement plan for next year and beyond. • Decisions must be made regarding improvements to the wastewater reclamation plant. • It is time to consider the issuance of debt to fund infrastructure projects, along with a funding source to service the debt. Bob Fialkowski presented an overview of revenue projections and proposed expenditures. The General Fund forecasts a 4% increase in revenue, including a slight increase in the property tax levy and a 3% increase in sales tax. Expenditures show a budget to budget increase of 8% due to overall personnel costs, health insurance increases and furnishings for the new village hall. A deficit is projected in the General Fund for fiscal 2007-08, which would be made up from reserves. There was discussion regarding fund balances. Recommended is a transfer of $4 million from the General Fund reserve to pay for capital projects. Staff stressed the point, and the board agreed, that reducing reserves for capital projects is prudent, but using reserves to fund operations is not. Another water rate increase will be needed to offset a rate increase from Highland Park, which will become effective on May 1st. A 2.5% increase ($3.20 to $3.28 per 100 cubic feet) is proposed. Because cash reserves in this fund will be depleted, future capital costs will require an alternative source of funding. It was also noted that an additional employee is requested for water meter reading to meet the customer service demands of that operation. The board discussed sewer revenues as they related to last year’s rate increase and, particularly, the summer quarter. There were several complaints received then about its impact on those who were heavy outside water users. Alternative means of billing for sanitary sewer service were discussed, but the consensus was to make no adjustments to the current rate structure. Several sewer projects are currently being designed and will be under construction in the next fiscal year. As part of this budget, the board must decide the future of the treatment plant, which has been under review and discussion since the Stanley Engineering report completed in February 2005. After some discussion, it was agreed that staff should pursue costs to inspect the abandoned transmission line on Lake Cook Road. It is owned by the North Shore Sanitary District and could be used to pipe sanitary waste to Lake County’s Pekara Plant should the village seek a regional approach to treating its sewage. The cost to acquire and renovate the line must be added to Lake County’s connection fees to better evaluate this option. The overall preference of the board, however, is to continue controlling this service and its operations at the municipal level. The board also acknowledged the need to make interim improvements at the treatment plant while implementing the more long term improvements. It was noted that, in addition to keeping the plant operating, there will be costs to assure the safety of sewer division employees working there. In reviewing the Capital Improvements Program, the board indicated its support for funding the recommended projects as opposed to deferring them to spread out the costs. The water, sewer and infrastructure replacement funds are approximately $10-$11 million short for the year. Even with a transfer from reserves, bonds must be sold. Bob Fialkowski is recommending an issue of $5.0 million in late summer of this year, to be serviced entirely with property taxes. The village currently has no debt supported by real estate taxes. There was brief discussion on alternative revenue sources, with the idea proffered of a real estate transfer tax. Staff reminded the board that such a tax requires a referendum. The board asked for more information on this and other funding alternatives. It was noted that the budget includes several sidewalk improvements that were initiated by the Walkability Task Force. While many of these include outside funding, there are substantial local costs as well. Staff questioned the necessity for all of them and asked the board to review them further. The board agreed to schedule the next budget meeting after the March 19th regular meeting. If that time does not work, those in attendance said they would be available to meet on Thursday evening, March 22nd. The meeting adjourned at 4:20 p.m. Minutes prepared by: _________________________________________ ROBERT D. FRANZ, Village Manager