Village Board

VILLAGE OF HUNTLEY VILLAGE BOARD May 9, 2019 MEETING MINUTES CALL TO ORDER: A meeting of the Village Board of the Village of Huntley was called to order on Thursday, May 9, 2019 at 7:02 p.m. in the Municipal Complex, Village Board Room, 10987 Main St., Huntley, Illinois 60142. ATTENDANCE: PRESENT: Mayor Charles Sass; Trustees: Ronda Goldman, Tim Hoeft, Niko Kanakaris, Harry Leopold, John Piwko and JR Westberg. ABSENT: None IN ATTENDANCE: Village Manager David Johnson, Assistant Village Manager Lisa Armour, Management Assistant Barbara Read, Director of Public Works and Engineering Timothy Farrell, Chief Robert Porter, Director of Finance Cathy Haley, Village Clerk Rita McMahon, Human Resources Manager Chrissy Hoover, and Village Attorney John Cowlin. PLEDGE OF ALLEGIANCE: Mayor Sass led the Pledge of Allegiance. SPECIAL PRESENTATION: a) Huntley High School State Champion Wrestler David Ferrante Huntley High School Junior David Ferrante was in attendance to be recognized for winning the Class 3A 170 pound state wrestling championship. David was 46-2 in his junior year of wrestling and was ranked #1 in his weight class all season. He was named Northwest Herald’s Wrestler of the Year and is the first Huntley student to ever win a state wrestling championship. David is an excellent scholar as well. He has a cumulative GPA of 4.62 on a scale of 4.0 and currently ranks #1 in his class of 750 students. He has committed to attending Northwestern University to continue wrestling. His plan is to become a doctor. Mayor Sass congratulated Mr. Ferrante and presented him with an entryway sign listing his accomplishments. Mr. Ferrante thanked his coaches, teammates, and family and stated it was an honor to represent Huntley. Mr. Ferrante also commended the Village Board for the work during the past 10 years making the Village what it is today and stated that he was proud that Huntley High School has been recognized as a top school. b) Proclamation – National Police Week, May 12-18, 2019 Mayor Sass read the following proclamation honoring the Huntley Police Department and Law Enforcement Personnel Nationwide: 05.09.19 VB Meeting 1  WHEREAS, there are more than 900,000 law enforcement officers serving in communities across the United States, including the dedicated members of the Village of Huntley Police Department; WHEREAS, since the first recorded death in 1791, more than 20,000 law enforcement officers in the United States have made the ultimate sacrifice and been killed in the line of duty; WHEREAS, the men and women of the Huntley Police Department have made the commitment to provide upstanding and unequaled dedication in serving and protecting Huntley residents, businesses and visitors; WHEREAS, the Huntley Police Department sponsors community events and services such as Bike Huntley, National Night Out, Citizen Police Academy, Neighborhood Watch, Police Explorers, and L.E.A.D. the Way just to name a few; and WHEREAS, the mission statement of the Village of Huntley Police Department states “With crime prevention and law enforcement as our cornerstone, the Huntley Police Department is committed to providing professional service through a well-trained staff working with the community and other departments and agencies to maintain a safe, friendly village”. NOW, THEREFORE, BE IT PROCLAIMED, on behalf of the Village Board of Trustees, I Mayor Charles H. Sass, hereby request all residents to publicly salute the service of law enforcement officers in our great community and in all communities across the nation. Dated this 9th day of May, 2019 PUBLIC COMMENTS: None ITEMS FOR DISCUSSION AND CONSIDERATION: a) Consideration – Approval of the May 9, 2019 Bill List in the amount of $160,714.47 Mayor Sass reported that $22,762.00(or 14.2 %) of the total bill list is attributable to the payment to Currie Motors for the purchase of a new PW Vehicle. Mayor Sass asked if the Village Board had any comments or questions; there were none. A MOTION was made to approve the May 9, 2019 Bill List in the amount of $160,714.47. MOTION: Trustee Westberg SECOND: Trustee Kanakaris AYES: Trustees: Goldman, Hoeft, Kanakaris, Leopold, Piwko, and Westberg. NAYS: None ABSENT: None The motion carried: 6-0-0 b) Consideration – An Ordinance Amending Title XI, Business Regulations, Chapter 110 Alcoholic Beverages and Video Gaming; Electronic Sweepstakes Machines Prohibited Mayor Sass reported that per the consensus of the Village Board at the April 25, 2019 Village Board meeting, an ordinance is being presented to amend Title XI, Chapter 110 to prohibit the use of electronic sweepstakes machines. Staff Analysis 05.09.19 VB Meeting 2 As written, the ordinance will require the two sweepstakes machines installed at the Mobil gas station at Village Green, or anywhere else within the Village, to be removed by July 1, 2019. Legal Analysis The Village’s Special Counsel, the Filippini Law Firm prepared the draft ordinance. Mayor Sass asked if the Village Board had any comments or questions; there were none. A MOTION was made to approve an Ordinance Amending Title XI, Business Regulations, Chapter 110 Alcoholic Beverages and Video Gaming prohibiting electronic sweepstakes machines. MOTION: Trustee Leopold SECOND: Trustee Goldman AYES: Trustees: Goldman, Hoeft, Kanakaris, Leopold, Piwko, and Westberg. NAYS: None ABSENT: None The motion carried: 6-0-0 c) Discussion – Restoration of Dean Foods Transportation Facility Truck Parking Area, 11710 Mill Street (north side of Mill Street) Village Manager David Johnson reported that on November 5, 2015, the Village Board approved Ordinance (O) 2015-11.15, granting a special use permit and site plan approval for the reconstruction and expansion of the truck storage lot for the Dean Foods transportation facility on the north side of Mill Street. The plan presented by Deans IL Dairies LLC, and approved by the Village Board, called for constructing the improvements in five phases. The first four phases were constructed in accordance with the approved plans; however, the fifth phase was never completed. The fifth phase consisted of paving the truck parking area located north of the transportation building. Staff Analysis On September 26, 2018, Village staff sent Dean Foods a letter stating that failure to complete the improvements in accordance with the approved plans was a violation of Ordinance (O) 2015-11-15 and Section 156.106(C)(5) of the Zoning Ordinance which requires all off-street parking areas to be improved with an all-weather, durable and dustless surface. Staff requested that a plan be provided for removing the gravel lot and restoring the area to grass since Dean Foods was ceasing operations in Huntley and did not intend to complete the work in accordance with the approved plans. Staff is currently working with a Dean’s representative to coordinate the removal of the gravel lot within Phase 5. The restoration work would also include the removal of portions of the concrete curb along the north perimeter of the lot and removal of the pole mounted lighting. Staff has also requested that the metal shed on the far north side of the property be removed in connection with the work. Mayor Sass asked if the Village Board had any comments or questions. Trustee Leopold asked if the corrections to the gravel lot are binding on the purchaser as well. Village Manager Johnson stated that yes, Phase 5 is binding to any future purchaser. Trustee Piwko stated that he would like actual dates of having the work completed. Village Manager Johnson stated that Staff has made it clear to the purchaser and will follow up with completion dates. 05.09.19 VB Meeting 3 There were no other comments or questions. This agenda item was to provide an update and was provided for informational purposes only and confirmation of the direction given to Deans IL Dairies LLC. d) Consideration - A Resolution Authorizing a Fireworks Display Agreement with the Huntley Park District Mayor Sass reported that in preparation for the annual Independence Day Fireworks Display on July 4, 2019 (rain date July 5th), it is proposed the event be held again in Deicke Park and Warrington Park. Staff Analysis Parking and Traffic As outlined in the agreement, the Village is responsible to obtain permission from the owner of the old North school parcel for off-site parking, and it has been received. Village Staff will set up the parking lanes on the old North school site in a manner comparable to the parking program used for Huntley Fall Fest. With the assistance of CPA Volunteers, Police Explorers and Staff, the Village will coordinate safe and efficient parking in the designated parking areas. The Police Department will conduct traffic control before and after the event and, to accommodate additional parking, the east side of Kreutzer Road from Princeton Drive to Main Street will be available for overflow and is an optimal viewing area for the public. Event Set Up / Clean Up Village Staff will assist Park District staff with the installation of snow fencing and/or barriers, around the required, closed area designated as the area where the display will be conducted. The Village will work with the Park District to ensure that sufficient port-o-lets and trash receptacles are placed throughout Deicke Park and Warrington Park. As it is done each year, Mad Bomber will obtain the appropriate approvals from the Huntley Fire Protection District for the display. Mad Bomber will also name the Huntley Park District and the Village of Huntley as an additional insured on the Certificate of Liability Insurance obtained for the event. As done each year, the Village will be responsible for clean up after the event. Financial Impact Expenses for the Independence Day Fireworks Display come from line item 100-10-00-6352 (Special Events). Legal Analysis The Village Attorney and the Park District Attorney have reviewed the agreement and it will also go before the Park District Board for approval. Mayor Sass asked if the Village Board had any comments or questions; there were none. A MOTION was made to approve a Resolution Authorizing the Fireworks Display Agreement 05.09.19 VB Meeting 4 with the Huntley Park District for the 2019 July 4th display. MOTION: Trustee Leopold SECOND: Trustee Goldman AYES: Trustees: Goldman, Hoeft, Kanakaris, Leopold, Piwko, and Westberg. NAYS: None ABSENT: None The motion carried: 6-0-0 e) Consideration – A Resolution Approving a Lease Agreement between the Village of Huntley and the Huntley Area Chamber of Commerce for 11704 Coral Street Mayor Sass reported that the Huntley Area Chamber of Commerce currently leases the former Village Hall building at 11704 Coral Street to serve as the office space for the Chamber. The Chamber has leased the building since 2011. The lease expires June 30, 2019, and the Chamber is seeking to renew the lease for a two-year period (July 1, 2019 – June 30, 2021). As with the current lease, there is a provision for early termination of the lease by either the Village or the Chamber upon a 90-day written notice to the other party. Staff Analysis The lease requires that public access be allowed to the washrooms during the Farmers Market and other special downtown events. The Chamber is responsible for maintaining the interior of the building, and the exterior of the building is to be kept clean and free from rubbish and dirt. Monthly rent includes utilities, except for telephone and internet services. Financial Impact The monthly rent is proposed to remain at $500.00 per month. Annual revenue generated would be $6,000.00. Legal Analysis All is in order for Village Board consideration. Mayor Sass asked if the Village Board had any comments or questions; there were none. A MOTION was made to approve a Resolution Approving a Lease Agreement between the Village of Huntley and the Huntley Area Chamber of Commerce for 11704 Coral Street. MOTION: Trustee Kanakaris SECOND: Trustee Westberg AYES: Trustees: Goldman, Hoeft, Kanakaris, Leopold, Piwko, and Westberg. NAYS: None ABSENT: None The motion carried: 6-0-0 f) Consideration - A Resolution Adopting the Huntley Area Administrative Round Table (HAART) Mission Statement and Shared Goals for Continued Community Excellence Village Manager Johnson reported that the Village of Huntley, Huntley School District 158, Huntley Fire Protection District, Huntley Police, Huntley Park District, Huntley Area Public Library, and the Huntley Area Chamber of Commerce, through the Huntley Area Administrator Round Table (HAART), have developed a mission statement and shared goals. Each organization is being asked to adopt a 05.09.19 VB Meeting 5 resolution in support of the statement and goals. Staff Analysis The mission statement is as follows: Building on a strong foundation of citizen and family focused public service and safety, the HAART Leadership Group will collaboratively strive to align and lead the community’s pursuit of excellence through a shared vision for future-oriented planning, innovation, and fiscal responsibility in order to enhance the quality of life for OUR community. The shared goals are as follows: 1. Maintain fiscal responsibility with our residents in mind while continuing to provide high quality services. 2. Maintain a sharp focus on safety for all of our citizens in every aspect of life in Huntley. 3. Maintain a family focused approach in current practices and future initiatives. 4. Collectively seek partnerships for the benefit of all of our organizations, and therefore, our community. 5. Collectively seek economic opportunities to retain and attract businesses for continued community growth. 6. Maintain a commitment to an inclusive community environment for all of our citizens. 7. Maintain open communication among all HAART member groups to ensure continued alignment in values and direction while recognizing the autonomy of each agency. Mayor Sass asked if the Village Board had any comments or questions; there were none. A MOTION was made to approve a Resolution Adopting the Huntley Area Administrative Round Table (HAART) Mission Statement and Shared Goals for Continued Community Excellence. MOTION: Trustee Hoeft SECOND: Trustee Leopold AYES: Trustees: Goldman, Hoeft, Kanakaris, Leopold, Piwko, and Westberg. NAYS: None ABSENT: None The motion carried: 6-0-0 g) Transmittal of First Quarter FY2019 Financial and Investment Reports for the Village of Huntley Director of Finance Cathy Haley reported that submitted for review and acceptance are the Village’s first quarter FY2019 Financial and Investment Reports. FISCAL YEAR 2019 FIRST QUARTER FINANCIAL REPORT GENERAL FUND REVENUE SOURCES General Fund Revenues come from the taxes, fees and other charges that the Village assesses to provide services to its citizens. General Fund Revenues for FY2019 budget are composed of the following revenue percentages: 05.09.19 VB Meeting 6  FY2019 GENERAL FUND REVENUES Property Taxes 5.45% Sales Tax 37.14% State Shared Revenue Local Fees 26.58% Licenses and Permits Fines and Fees Charges for Service Other Income 23.49% Other Financing Sources The three largest sources of revenue for FY2019 continue to be property tax, sales tax, and income tax, which is part of the State shared revenue. Other taxes and fees include local use tax, telecommunications tax, building permits, video gaming and police fines. At the end of the first quarter for FY2019, General Fund revenues appear to be trending behind budget. However, property tax revenue does not begin to come in to the Village until the second quarter of the fiscal year, which is 37.14% of General Fund revenues. • Property Taxes – Every December, the Village levies property taxes to provide funding for General Village operations, employer portion of IMRF, Social Security and Police Pension obligations. The following is a graph that indicates the amount levied, or budgeted for the General Fund, and the amount actually received through FY2018, and the amount budgeted in FY2019. As a home rule community, the Village levies for dollars and has received between 98.00% and 100.00% of dollars levied the last six years as noted by the chart. If property tax revenues were to be shown at 25% collected for this first quarter report, total General Fund revenue collections would show at 21% collected vs. the 12% collected shown on page 6 of this report. 05.09.19 VB Meeting 7 • Sales Tax Revenues – Sales tax at a rate of 7% is collected on all retail sales within the Village. The sales tax is administered and collected by the Illinois Department of Revenue. One percent of this sales tax is distributed to the municipality where the sale occurred. This tax is captured in the Village’s General Fund and is used for basic Village operations. Sales tax has a lag of three months from the time the sale occurs and when the Village receives the money from the state. Therefore, in FY2019, January revenue which was collected in April, is the only month appearing on the ledger for this first quarter. This one month of revenue came in at $230,133 vs. $240,008 for the same period last year. • Income Tax – Income tax is currently outpacing the previous year’s receipts and is at 27% of budgeted parameters at this three month point. The chart below shows ending actual dollars through FY2018 and three months of actual dollars for FY2019. 05.09.19 VB Meeting 8 The next two pages show other revenue sources such as Local Use Tax, telecommunications tax, building permit revenue, video gaming tax, and police fees and fines. Local Use Tax is trending in ahead of budgeted parameters at 32.52%. At this first quarter, 25% is the expectation for revenue receipts compared to the budget dollars. The Illinois Municipal League (IML) also shows projections for Local Use Tax continuing to increase. Telecommunications tax revenue, like sales tax revenue, has a lag of three months from the time the bill is paid to the state and the revenue is received by the municipality. Therefore, in FY2019, January revenue which was collected in April, is the only month appearing on the ledger for this first quarter. This one month of revenue came in at $40,897 vs. $45,023 for the same period last year. This revenue is split between the General Fund, the Facilities and Grounds Maintenance Fund and the Downtown TIF Fund. Both police fines and fees, and building permit revenues are trending ahead of the first three months from this same time period last fiscal year. Video gaming revenue is trending in ahead of budgeted parameters (in total) at a 33.39% collection rate through March. Video gaming revenue is split between the General Fund and the Downtown TIF Fund, and is dependent upon business location. Building permit revenue is at 25.79% of budgeted dollars. The chart on Page 5 shows the dramatic drop in this revenue source compared to its peak year in 2014. However, for FY2019 it seems to be showing a slight trend upward compared to this same time period in FY2018. Police fines are trending in at 23.28% of budget through March 31, 2019 as shown in the chart on Page 5. 05.09.19 VB Meeting 9 05.09.19 VB Meeting 10 Overall General Fund Revenue for FY2019 is coming in near budgeted parameters. While the total collections show at 12%, this does not include any dollars for property tax revenue and only includes one month of sales tax revenue. 05.09.19 VB Meeting 11 Below is the line item detail for the General Fund. 25% or Greater Collection Rate 24.99% - 1.00% Collection Rate 0.00% Collection Rate ACTUALS THROUGH MARCH 31, 2019 ACCOUNT YEAR-TO-DATE FISCAL YEAR COLLECTED/ NUMBER DESCRIPTION ACTUAL BUDGET EXPENDED Fund 100 - General Fund REVENUES 4010-4012 Property Taxes-McHenry County & Kane $0 $3,570,917 0% Property Taxes-Police Pension $0 $855,198 0% 4015 Sales Tax $230,133 $2,800,000 8% 4120 Local Use Tax $231,670 $712,406 33% 4121 Income Tax $646,864 $2,370,248 27% 4125 Personal Property Replacement Tax $14,184 $85,000 17% 4130 Simplified Municipal Telecommunications $6,816 $65,000 10% 4245 Cable TV Franchise Tax $0 $420,000 0% 4250 Video Service Provider Fee-AT&T $0 $85,000 0% 4252 Video Gaming Tax $21,594 $80,000 27% 4260 Building Permits $77,355 $300,000 26% 4310 Non Residential Review & Permit Fee $0 $20,000 0% 4312 Engineering Plan Review Fee-Single Family $8,500 $0 100% 4313 Elevator Plan Review/Fees $5,488 $20,000 27% 4315 Liquor License $3,250 $35,500 9% 4320 Video Game License & Fees $3,500 $40,000 9% 4325 Contractor Registration $2,630 $15,000 18% 4330 Waste hauler License $0 $10,000 0% 4340 Business Registration $765 $4,000 19% 4350 Special Events Registration $2,825 $11,000 26% 4420 Development Application Fees $12,846 $15,000 86% 4511 Police Fines & Fees $52,375 $225,000 23% 4515 Building Permit Penalties/Fines $130 $5,000 3% 4525 Wireless Tower Contract Fees $10,231 $53,100 19% 4540 Seized and Unclaimed Funds-PD $54 $0 100% 4530 School Resource Officer $15,446 $61,585 25% 4665 Investment Income $12,657 $10,000 127% 4708 Unrealized Gain/Loss Investment $20,834 $0 100% 4737 Miscellaneous Revenue $953 $15,000 6% 4790 Transfer from Liability Insurance Fund $6,250 $25,000 25% 4912 Transfer from Liability Cemetery Fund $2,500 $10,000 25% TOTAL REVENUES : GENERAL FUND $1,389,850 $11,918,954 12% 05.09.19 VB Meeting 12 GENERAL FUND EXPENDITURES General Fund Expenditures account for the general operations of the Village, including Police, Development Services, Public Works (Streets, Engineering, Buildings & Grounds and Fleet). It also includes the Village Manager’s Office (including Human Resources and Information Technology) and Finance. At the end of the first quarter for FY2019, General Fund Expenditures are at 22.38% of budget. Overall, the General Fund is operating within the parameters of budgeted dollars. The chart below shows General Fund expenditures by department. EXPENDITURES THROUGH MARCH 31, 2019 YTD PCT GENERAL FUND BUDGET ACTUAL AVAILABLE USED EXPENSES Legislative $282,250 $41,634 $240,616 14.75% Village Manager's Office $846,402 $187,493 $658,909 22.15% Finance $386,713 $94,582 $292,131 24.46% Police $6,681,605 $1,349,741 $5,331,864 20.20% Public Works $2,562,286 $746,361 $1,815,925 29.13% Development Services $1,152,614 $211,179 $941,435 18.32% Contingencies $7,084 $0 $7,084 0.00% TOTAL EXPENDITURES W/OUT TRANSFERS $11,918,954 $2,630,990 $9,287,964 22.07% One Time Revenue Transfer $1,375,000 $343,750 $1,031,250 25.00% TOTAL EXPENDITURES WITH TRANSFERS $13,293,954 $2,974,740 $10,319,214 22.38% The next chart breaks out expenditures by type. EXPENDITURES THROUGH MARCH 31, 2019 YTD PCT GENERAL FUND BUDGET ACTUAL AVAILABLE USED EXPENSES Personnel Services $8,113,048 $1,659,710 $6,453,338 20.46% Health Insurance Transfer $1,008,000 $252,000 $756,000 25.00% Commodities $656,950 $227,265 $429,685 34.59% Contractual $2,133,872 $492,014 $1,641,858 23.06% Contingencies/Transfer to ERF $7,084 $0 $7,084 0.00% TOTAL EXPENDITURES W/OUT TRANSFERS $11,918,954 $2,630,990 $9,287,964 22.07% One Time Revenue Transfer $1,375,000 $343,750 $1,031,250 25.00% TOTAL EXPENDITURES WITH TRANSFERS $13,293,954 $2,974,740 $10,319,214 22.38% The percent used for commodities is showing at 34.59%, which is ahead of budgeted expectations of 25%. The Streets Division experienced several large snow/ice storms in the first 05.09.19 VB Meeting 13 quarter of 2019 which caused purchases for ice and snow removal materials to increase as well as fuel, and vehicle equipment and parts. WATER AND SEWER OPERATING FUNDS Water and Sewer revenues come from charges for service for the water and wastewater treatment facilities. These revenue streams are dependent on customer usage. At the end of the first quarter for FY2019 both revenue streams appear to be slightly behind budgeted parameters at 19.46% for water and 23.52% for sewer. However, this revenue stream is seasonal and will increase in the summer months when usage is higher. FIRST QUARTER FY2019 FINANCIALS Overall revenues appear to be trending in within budgeted dollars. Those funds that appear to be behind the 25% collection rate can be primarily attributed to the lack of property tax dollars that are received within the first quarter for the Village. Expenditures within the operational funds appear to be trending in line with budgeted dollars. Those capital funds may appear to be trending behind budget but all are expected to come within budget range once the projects begin during the warmer weather. 05.09.19 VB Meeting 14  VILLAGE OF HUNTLEY PRELIMINARY REVENUES / EXPENDITURES STATEMENT THROUGH MARCH 31, 2019 REVENUE % EXPENDITURES % FUND BUDGET Y.T.D. Collected BUDGET Y.T.D. Expended General Fund $11,918,954 $1,389,850 11.66% $13,293,954 $2,974,740 22.38% Special Revenue Funds Cemetery Fund $32,000 $2,348 7.34% $29,630 $3,394 11.45% Special Service Area #5 $26,250 $66 0.25% $22,500 $0 0.00% Liability Insurance $291,500 $1,880 0.64% $411,000 $26,286 6.40% Drug Enforcement $13,350 $3,944 29.54% $10,500 $33 0.31% Enterprise Funds Water Operating $2,670,250 $519,533 19.46% $3,659,769 $778,424 21.27% Water Capital & Equipment $1,573,881 $408,985 25.99% $815,340 $61,725 7.57% Sewer Operating $2,446,750 $575,404 23.52% $3,382,871 $756,793 22.37% Sewer Capital & Equipment $1,250,159 $309,362 24.75% $535,660 $48,392 9.03% Capital Funds Capital Projects & Improvements $42,000 $5,846 13.92% $214,000 $0 0.00% Streets Improvements and Roads & Bridges $1,268,200 $289,496 22.83% $1,292,000 $39,514 3.06% Downtown TIF $513,160 $62,853 12.25% $325,185 $80,789 24.84% Motor Fuel Tax $683,948 $165,607 24.21% $985,000 $0 0.00% Facilities & Grounds Maintenance $117,700 $24,351 20.69% $277,950 $27,039 9.73% Equipment Replacement Fund $230,300 $59,330 25.76% $325,427 $113,267 34.81% Internal Service Fund Benefits Fund $1,535,000 $392,657 25.58% $1,425,000 $385,680 27.07% Fiduciary Fund Police Pension Fund $1,549,143 $675,642 43.61% $409,811 $86,743 21.17% $26,162,545 $4,887,154 $27,415,597 $5,382,819 * General Fund Expenditure budget and actual numbers include the one time revenue amount for capital of $1,375,000. Finally, the charts on the next 3 pages are summaries of cash and investments through March 31, 2019. 05.09.19 VB Meeting 15  VILLAGE OF HUNTLEY CASH AND INVESTMENT DISTRIBUTION MARCH 31, 2019 FINANCIAL INSTITUTION CASH % INVESTMENTS % TOTAL % AMERICAN COMMUNITY Money Market $895,160 10.54% - 0.00% $895,160 2.66% Petty Cash $768 0.01% - 0.00% $768 0.00% CD's $0 0.00% 2,791,489.68 11.07% $2,791,490 8.28% CDARS $0 0.00% 3,182,232.55 12.62% $3,182,233 9.44% $895,928 10.55% 5,973,722.23 23.69% $6,869,650 20.38% BMO HARRIS BANK Operating Account 1,790,240.32 21.09% - 0.00% $1,790,240 5.31% Police Pension $360,606 4.25% - 0.00% $360,606 1.07% $2,150,847 25.34% - 0.00% $2,150,847 6.38% FIRST NATIONAL BANK CD's $0 200,000.00 0.79% $200,000 100.00% $0 200,000.00 0.79% $200,000 100.00% IMET Convenience Fund $0 0.00% 424,914.92 1.69% $424,915 1.26% $0 0.00% 424,914.92 1.69% $424,915 1.26% THE ILLINOIS FUNDS Corporate $1,523,391 17.95% - 0.00% $1,523,391 4.52% E-Pay $62,295 0.73% - 0.00% $62,295 0.18% E-Pay Clearing $1,000 0.01% - 0.00% $1,000 0.00% Motor Fuel Tax $819,655 9.66% - 0.00% $819,655 2.43% $2,406,340 28.35% - 0.00% $2,406,340 7.14% US BANK Lock Box $659,761 7.77% - 0.00% $659,761 1.96% SSA #6 - SSA #10 $2,170,006 25.56% - 0.00% $2,170,006 6.44% $2,829,767 33.33% - 0.00% $2,829,767 8.40% 5/3 INVESTMENTS Investments $21,011 0.25% 9,258,250.12 36.72% $9,279,261 27.53% $21,011 0.25% 9,258,250.12 36.72% $9,279,261 27.53% CHARLES SCHWAB Police Pension $185,090 2.18% 9,358,137.23 37.11% $9,543,228 28.31% $185,090 2.18% 9,358,137.23 37.11% $9,543,228 28.31% $8,488,983 100.00% 25,215,024.50 100.00% $33,704,007 100.00% SUMMARY CASH $8,488,983 25.19% INVESTMENTS $25,215,025 74.81% $33,704,007 100.00% 05.09.19 VB Meeting 16  VILLAGE OF HUNTLEY QUARTERLY INVESTMENT REPORT AS OF MARCH 31, 2019 CASH & INVESTMENT SUMMARY CASH & INVESTMENT FUND ALLOCATION ILLINOIS FUNDS $2,406,340 100 General Fund $4,127,705 INTEREST CHECKING $5,515,935 210 Drug Enforcement Fund $93,889 MONEY MARKET $21,011 220 Cemetery $332,745 U.S. SECURITIES (IMET) $424,915 230 Insurance $259,972 INTEREST CHECKING POLICE PENSION $360,606 250 SSA #5 $43,734 CHARLES SCHWAB MMKT POLICE PENSION $185,090 400 Capital Projects $3,709,856 CHARLES SCHWAB EQUITY POLICE PENSION $4,134,067 410 Municipal Buildings $446,424 CHARLES SCHWAB LONG TERM POLICE PENSION $5,224,070 420 Transportation/ R&B $326,643 440 Downtown TIF $242,862 INVESTMENT MATURITIES JAN - JUNE 2019 $689,880 460 MFT $900,407 INVESTMENT MATURITIES JULY - DEC 2019 $6,165,515 480 Equipment Replacement $876,485 INVESTMENT MATURITIES JAN - JUNE 2020 $2,761,210 510 Water - Operating $1,323,753 INVESTMENT MATURITIES JULY - DEC 2020 $2,881,309 515 Water - Capital $2,823,247 INVESTMENT MATURITIES JAN - DEC 2021 $2,686,776 520 Sewer - Operating $952,239 INVESTMENT MATURITIES JAN - DEC 2022 $247,282 525 Sewer - Capital $1,600,257 600 Benefits Fund $3,106,499 700 Escrow $463,837 710 SSA #10 $486,756 760 SSA #6 $257,671 770 SSA #7 $265,113 780 SSA #8 $350,039 790 SSA #9 $810,428 800 Police Pension $9,903,449 SUMMARY AS OF MARCH 31, 2019 $33,704,007.27 SUMMARY AS OF MARCH 31, 2019 33,704,007.29 VILLAGE OF HUNTLEY QUARTERLY INVESTMENT REPORT AS OF MARCH 31, 2019 POLICE INTEREST INSTITUTION RATE PENSION ILLINOIS FUNDS CHECKING MONEY MARKET U.S. SECURITIES Total IMET (Convenience) $424,915 5/3 Securities - MMKT 1.000 $21,011 American Community - Business Acct 2.270 $895,160 American Community - Petty Cash $768 Harris Bank Daily Deposit 1.220 $1,790,240 IL Funds Corporate 1.048 $1,523,391 IL Funds E-Pay 1.048 $63,295 IL National Bank E-Pay Clearing 0.000 $0 IL Funds Motor Fuel 1.048 $819,655 JP Morgan Chase 0.180 $0 U.S. Bank / Lock Box 0.100 $659,761 U.S. Bank - SSA #6 - #10 $2,170,006 Charles Schwab MMKT VARIES $185,090 Charles Schwab Equity Investments VARIES $4,134,067 Charles Schwab Long Term Investments VARIES $5,224,070 BMO Harris Police Pension 1.134 $360,606 TOTAL $9,903,834 $2,406,340 $5,515,935 $21,011 $424,915 $18,272,035 05.09.19 VB Meeting 17  INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT MATURITY MATURITY MATURITY MATURITY INVESTMENT MATURITY INVESTMENT JAN - JUNE JULY - DEC JAN - JUNE JULY - DEC MATURITY JAN - DEC MATURITY INSTITUTION & INVESTMENT INSTRUMENT RATE 2019 2019 2020 2020 JAN - DEC 2021 2022 JAN - DEC 2023 CDARS American Community Bank I-1279 0.400 $3,182,233 Certificate of Deposit American Community Bank 0.850 American Community Bank 0.350 American Community Bank I-1274 0.85% $1,277,116 American Community Bank I-1305 2.20% $148,530 American Community Bank I-1306 2.20% $148,530 Fifth Third Securities CDs' Woori American Bank New York I-1261 1.30% $0 Sterling Bank CD Poplar Bluff MO I-1277 1.65% $248,168 Capital One CD I-1252 1.30% $246,296 American Express Centurion Bank I-1238 1.04% $247,301 Morgan Stanley Bank I-1291 2.00% $239,249 JP Morgan Chase I-1260 1.80% $244,709 State Bank India I-1292 2.15% $247,370 Barclays Bank CD I-1272 1.90% $198,506 Discover Bank CD I-1273 1.90% $124,066 Ally Bank CD Midvale UT I-1283 1.95% $198,450 Capital One Bank USA NA CD I-1284 2.00% $148,950 Morgan Stanley PVT I-1299 3.05% $176,614 State Bank of India New York I-1302 3.10% $140,197 Sallie Mae Bank I-1290 2.10% $245,516 Wells Fargo Bank Natl I-1298 2.75% $251,465 UBS Bk USA Salt Lake City I-1300 3.20% $177,496 American Exp Federal Savings I-1289 2.25% $243,391 BMW Bank North America I-1303 3.25% $251,777 Citibank National Association CD I-1308 2.90% $247,282 TOTAL $0 $5,814,012 $1,632,803 $1,232,299 $924,129 $247,282 $0 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT MATURITY MATURITY MATURITY MATURITY INVESTMENT MATURITY INVESTMENT JAN - JUNE JULY - DEC JAN - JUNE JUN - DEC MATURITY JAN - DEC MATURITY INSTITUTION & INVESTMENT INSTRUMENT RATE 2019 2019 2020 2020 JAN - DEC 2021 2022 JAN - DEC 2023 5/3 Securities Municipal Bonds Tampa Florida Sports Revenue Bonds I-1262 1.68% $0 California St High Speed Pass Train G.O. Bonds I-1271 1.40% $500,000 Napa Valley Comm College GO Bond I-1241 1.70% $249,660 California St Go Bds Ser 2009 I-1296 6.20% $101,843 Tampa Florida Sports Authortiy Revenue Bond I-1263 2.07% $248,680 Kane Cnty IL Sch Dist 129 Aurora W.Side GO LTD Tax Sch Bond I-1285 1.90% $101,664 St Marys PA Area School Dist GO Bonds I-1286 1.75% $228,183 Ogden City Utah Redev Agy Rev I-1293 3.00% $100,233 Kansas St Dev Financial Authority Rev Bond I-1287 2.61% $249,648 Atlanta GA Devl Authority Revenue Bond / Downtown Stadium I-1278 1.90% $74,659 Phoenix Ariz Civic Impt Corp I-1307 2.60% $287,985 East Whiteland Township PA GO Bond I-1282 1.80% $120,373 Honolulu HI City & County G.O. Bonds I-1265 2.10% $438,385 Bartlett IL Pk Dist G.O. Bonds I-1267 2.00% $517,390 Rockford IL GO Sales Tax Alt Rev Source Ref Bond I-1280 2.09% $210,218 Charlotte NC CTFS Partn I-1294 2.62% $200,716 Grand Chute Wis Go Prom I-1295 4.00% $283,632 Honolulu Hawaii City & Cnty Wastewater Sys I-1297 2.78% $211,033 Pennsylvania St Univ Rev Bonds I-1270 2.03% $286,648 Dunedin FLA Non- ad I-1301 3.31% $529,578 Dupage County Community School District #200 GO Refunding Bonds I-1281 2.23% $251,040 First National Bank 2.33% $200,000 TOTAL $689,880 $351,503 $1,128,408 $1,649,010 $1,762,647 $0 $0 TOTAL $689,880 $6,165,515 $2,761,210 $2,881,309 $2,686,776 $247,282 $0 A MOTION was made to Accept and Place on File the First Quarter FY2019 Financial and Investment Reports for the Village of Huntley. MOTION: Trustee Goldman SECOND: Trustee Hoeft AYES: Trustees: Goldman, Hoeft, Kanakaris, Leopold, Piwko, and Westberg. NAYS: None ABSENT: None The motion carried: 6-0-0 05.09.19 VB Meeting 18 ADMINISTRATION OF THE OATH OF OFFICE: Village Clerk Rita McMahon administered the Oath of Office to Trustee Timothy J. Hoeft, Trustee Niko Kanakaris and Trustee Harry Leopold. VILLAGE ATTORNEY’S REPORT: None VILLAGE MANAGER’S REPORT: None VILLAGE PRESIDENT’S REPORT: Mayor Sass reported that Public Works will have an Open House on May 11 from 9:00 a.m. until Noon. UNFINISHED BUSINESS: None NEW BUSINESS: None EXECUTIVE SESSION: None POSSIBLE ACTION ON ANY CLOSED SESSION ITEM: None ADJOURNMENT: There being no further items to discuss, a MOTION was made to adjourn the meeting at 7:33 p.m. MOTION: Trustee Piwko SECOND: Trustee Kanakaris The Voice Vote noted all ayes and the motion carried. Respectfully submitted, Barbara Read Recording Secretary 05.09.19 VB Meeting 19