Finance Committee

City of Joliet 150 West Jefferson Street Joliet, IL 60432 Meeting Minutes - Pending Approval Tuesday, October 15, 2024 5:30 PM City Hall, Council Chambers Finance Committee Committee Members Councilman Pat Mudron, Chairperson Councilman Larry E.Hug Councilwoman Sherri Reardon Finance Committee Meeting Minutes - Pending Approval October 15, 2024 Page 1 of 1 Finance Committee Meeting Minutes - Pending Approval October 15, 2024 Citizens who are unable to attend the meeting can email comments in advance of the meeting to publiccomment@joliet.gov. ROLL CALL: Present Councilman Pat Mudron, Councilman Larry E. Hug and Councilwoman Sherri Reardon ALSO PRESENT: Kevin Sing - Director of Finance, Kathy Franson - Director of Human Resource, Vincent Allegra - Managing Director of Creative Planning Retirement Services, Megan Millen, Elaine Bottomley and Jim Deiters of the Joliet Public Library. APPROVAL OF MINUTES: TMP-7764 Attachments: September 2024 Minutes A motion was made by Councilwoman Sherri Reardon, seconded by Councilman Larry E. Hug, to approve the Minutes for September 17, 2024. The motion carried by the following vote: Aye: Councilman Mudron, Councilman Hug and Councilwoman Reardon PRESENTATIONS: TMP-7798 Kathy Franson - Director of Human Resources, introduced Vincent Allegra, Managing Director of Creative Planning Retirement Services, to present a brief overview of TMP-7798 regarding the 457 Retirement Plan Investment options. A brief discussion was held. CITIZENS TO BE HEARD ON AGENDA ITEMS: None. AGENDA ITEMS: TMP-7799 Attachments: 2025 Draft Operating Budgets Kevin Sing - Director of Finance, presented TMP-7799 regarding the upcoming 2025 Operating Budget. Mr. Sing then introduced Megan Millen from the Joliet Public Library, to discuss the budget and current funding for the Black Road Branch, as well as requesting funds for the proposed remodeling project for that branch. A brief discussion was held. Page 1 of 3 Finance Committee Meeting Minutes - Pending Approval October 15, 2024 TMP-7818 Attachments: Drafted CAPER City of Joliet PY23 (FC) Item removed and not presented at this time. REPORTS: TMP-7765 Attachments: September 2024 Monthly Financial Report 2024-09 Exceptions JPL Quarterly Report - September 2024 In the interest of time, Mr. Sing, inquired if the Committee had any questions regarding TMP-7765, for the Monthly Financial Report. No questions or further discussion was held. TMP-7766 Attachments: Travel Expense Report 09.24 In the interest of time regarding TMP-7766 - No questions or further discussion was held concerning the Travel Expense Report. TMP-7808 Attachments: Personnel Summary Report - October 2024 Mrs. Franson, called attention to TMP-7808 regarding the newly filled positions and 13 positions currently open within the City of Joliet. No further discussion was held. NEW OR OLD BUSINESS, NOT FOR FINAL ACTION OR RECOMMENDATION: None. PUBLIC COMMENTS: None. ADJOURNMENT: Page 2 of 3 Finance Committee Meeting Minutes - Pending Approval October 15, 2024 A motion was made by Councilman Larry E. Hug, seconded by Councilwoman Sherri Reardon, to adjourn. The motion carried by the following vote: Aye: Councilman Mudron, Councilman Hug and Councilwoman Reardon This meeting will be held in an accessible location. If you need a reasonable accommodation, please contact The City Clerk Office, 150 West Jefferson Street, Joliet, Illinois 60432 at (815) 724-3780. Page 3 of 3