Finance & Administration Committee

Village of Lombard Village Hall 255 East Wilson Ave. Lombard, IL 60148 villageoflombard.org Meeting Agenda Monday, September 26, 2016 6:00 PM Lorraine G. Gerhardt Community Room Finance & Administration Committee Trustee Reid Foltyniewicz, Chairperson Robyn Pike, Alternate Chairperson Mary Cation, Jim Hogan, Jay Tovian, David Cain, Jr., Dan Hartweg, Randy King, Ambareen Ahmed & Michael Himmes Staff Liaison: Timothy Sexton Finance & Administration Meeting Agenda September 26, 2016 Committee 1.0 Call to Order and Pledge of Allegiance 2.0 Roll Call 3.0 Public Participation 4.0 Approval of Minutes Minutes of the June 27, 2016 meeting. 5.0 New Business 160406 Review of the Water/Sewer Operation & Maintenance Fund and Communications Plan Approval of the Proposed FY 2017 Water/Sewer Rate of $14.60 (30 cent or 2.10% increase) and Recommendation to the Village Board. 160407 Review General Fund (O&M) Revenues & Expenditures and FY 2017 Proposed Budget Approval of the FY2017 Proposed Budget (January 1, 2017 through December 31, 2017) in the amount of $96,967,764 and Recommendation to the Village Board. 160382 2016 Proposed Tax Levy Review and Recommendation to the Village Board of the 2016 Statutorily Permissible Property Tax Levy and Recommendation to the Village Board. 160408 Review of Draft Long Range Plan (LRP) Reserve Fund Policy Committee Review of Draft Policy for the Long Range Plan Reserve Fund and Recommendation to the Village Board. 160383 Banking Services Contract Extension Review proposed extension of the Banking Services Contract with Wheaton Bank through April 30, 2020 and Recommendation to the Village Board. 6.0 Other Information 160285 Fitness Update 160409 Future Meeting Dates and Agenda Items Discussion of future meeting dates and agenda items. 7.0 Review of Financial Information Monthly Financial Report for August, 2016 Village of Lombard Page 2 Printed on 9/23/2016 Finance & Administration Meeting Agenda September 26, 2016 Committee 8.0 Future Meeting Dates October 24, 2016 at 6: 00 p.m. November 28, 2016 December, 2016 cancelled 9.0 Adjournment Village of Lombard Page 3 Printed on 9/23/2016