Finance Advisory Committee

MINUTES CITY OF DEKALB FINANCE ADVISORY COMMITTEE OCTOBER 24, 2018 The Finance Advisory Committee held a Regular meeting on October 24, 2019, 2018 at the DeKalb Police Department, 700 W. Lincoln Highway, DeKalb, Illinois. Call to Order: The meeting was called to order at 4:59 p.m. by Chair Peddle. Roll Call for Attendance: Customer Service Representative Amy Frantz called the roll and Committee members present were Tom Teresinski, Lynn Neeley, Bob Higgerson and Chairman Mike Peddle. Staff present: Interim City Manager Molly Talkington and Customer Service Representative Amy Frantz. Other Staff present: Assistant Finance Director Robert Miller, Fire Chief Eric Hicks, Public Participation: No Public present. 2018 Property Tax Levy Direction: Chair Peddle asks Interim City Manager Talkington to present each topic so that the Committee can focus on what recommendations is still needed. No objections. Interim City Manager Talkington spoke on tax levy change, to capture only new growth in the EAV. So that reduces the levy rate and the dollar amount that needs to be levied. Talkington referred to page 6 of the Levy Document. Proposed FY2019 General Fund Budget Balancing Measures. Q#32 Municipal Band funding: Committee vote $10,000 reduction Vote 4/0. Q#33 Eliminate Metro West/Metropolitan Mayors’ Funding: Vote 3/1 eliminate. Q#34 Reduce/Eliminate Social Service Agreement: Vote 4/0 No. Q#35 Reduce/eliminate DeKalb Chamber: Vote 4/0. Q#36 Red/Eliminate DeKalb CEDC Support: Vote Keep 4/0. Q#37Reduce/Eliminate DCCVB Support: Vote Reduce $10,000 4/0. Q#38 Red/Eliminate Local Athletic Sponsorship: Vote No 4/0. Q#39Transition Airport to fixed-base Operation: Vote No 4/0. Q#40 Eliminate Non-Bargaining Unit Salary Increase: Vote Reduced half 4/0. Q#41Utilize SUV fast Response Fire Vehicle: Vote No 4/0. Q#42 Utilize mini-pumper fast response fire Vehicle: Vote No 4/0. Q#43 Home Rule Sales Tax Increase: Vote discuss with streets and fleets. Q#44 RBT increase: Vote Explore with Council 4/0. Q#45 Hotel/Motel Tax Increase: Vote yes 4/0. Q#46Electric Utility Tax Increase: Vote undecided. Q#47 Gas Utility Tax Increase: Vote undecided. Q#48 Implementation of a self-storage Facility Usage Tax: Vote yes 4/0. Q#49 Increasing Video Gaming Terminal Renewal Fees: Vote Yes 4/0. Q#50 Implementation of an Amusement/Entertainment tax: Vote 4/0. Finance Advisory Committee October 24, 2019 Page 2 of 2 Five-Year Financial Plan 2019-2023. Confirmation of the Next Finance Advisory Committee Meeting and Date: Joint City Council and Finance Advisory Committee Meeting, November 5, 2018. Adjournment: Chair Peddle asked for a motion to adjourn. Committee Member Teresinski motioned; Neeley seconded. Meeting adjourned at 6:35 p.m. Minutes submitted by Amy Frantz, Finance Department. Approved by the Finance Advisory Committee on October 21, 2019.