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02/02/2004MINUTES COMMITTEE OF THE WHOLE February 2, 2004 The village board met as a committee of the whole in the board room of the village hall at 9:32 p.m. on Monday, February 2, 2004. In attendance were: Village Board Steven Harris, Mayor Robert Benton, Trustee Jerry Kayne, Trustee Harriet Rosenthal, Trustee William Seiden, Trustee Vernon Swanson, Trustee Matthew Wylie, Trustee Auditor's Management Letter Staff Robert D. Franz, Village Manager John Sliozis, Chief of Police Barbara Little, Director of Public Works/Engineering Robert Fialkowski, Director of Finance Diane Mikula, Assistant to the Village Manager Bob Fialkowski reviewed with the board the Recommendations for Improvement filed by Sikich Gardner & Co. as part of the April 30, 2003 annual audit. Most of the issues raised have been addressed. There were no questions from the board, but it was suggested that, in the future, the auditor meet directly with the board to discuss the management letter. Preliminary 2004-05 Budget The board discussed the proposed budget calendar and agreed to schedule a separate meeting on the budget at 7:30 p.m. on Monday, March Sth and that another meeting would be held after the March 15t' board meeting. Bob Fialkowski then gave a brief overview of the 04/05 budget with preliminary projections on revenues and expenditures for the various funds. Revenues are expected to remain flat. _ However, the revenue picture will be helped by the elimination of the property tax levy for the 2002 refinancing issue and moving that levy to the general fund. Also proposed are modest increases in the overall levy as described in the finance director's report distributed to the board as part of last December's tax levy. The board was asked to consider implementing a new home rule sales tax at the rate of 0.25%. In doing so, the village could eliminate the vehicle license fee ($30 per sticker) which would result in a net increase to the general fund of approximately $275,000. Some board members expressed the opinion that, if the sales tax was increased, it ought to be 0.50% so that there would be more revenue to apply to much needed capital projects. It was noted that most every neighboring community has this additional tax, which offers the added benefit of collecting revenue from non -Deerfield residents. Rate increases are anticipated in both the water and sewer funds. Highland Park has confirmed that our rate will increase on May 0 from $1.35 to $1.39 per 100 cubic ft. While it appears that the water fund can handle a moderate level of capital improvements, the sewer fund cannot. This fund has a stagnant revenue base and increasing operating and capital expenditures, primarily at the sewage treatment plant. Staff continues to explore options, including the possibility of Deerfield connecting to an existing regional sanitary district. Committee of the Whole February 2, 2004 Page 2 The capital budget is generally in good shape and will cover the improvements planned in the street and streetscape areas for the near future. However, staff reminded the board that there are a number of potentially expensive projects in the draft comprehensive plan for which there is no funding available. There was no specific direction given to staff regarding the preparation of the proposed budget. It was requested that public works attempt to quantify the impact of not having filled two maintenance positions in the current budget. The meeting adjourned at 10:12 p.m. Minutes prepared by: SAM Robert D. Franz, Village Mana !--�