Finance & Administration Committee

Village of Lombard Village Hall 255 East Wilson Ave. Lombard, IL 60148 villageoflombard.org Meeting Agenda Monday, April 26, 2021 6:00 PM Community Room Finance & Administration Committee Trustee Reid Foltyniewicz, Chairperson Dan Militello, 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 April 26, 2021 Committee In light of Public Act 101-0640, which created new Section 7(e) of the Open Meetings Act, and as a Disaster Declaration has been issued by the Governor of the State of Illinois relative to the COVID-19 pandemic, the Village President has determined that an in-person meeting of the Village Board, or a meeting conducted under the Open Meetings Act requirements, relative to a quorum of the members of the Village Board or Village Committees having to be physically present at a meeting when some members of the Village Board or Village Committee are participating remotely, is not practical or prudent because of the disaster. In this regard, members of the Village Board and Village Committees may be participating in the meeting through a virtual meeting platform. Village of Lombard Page 2 Printed on 4/20/2021 Finance & Administration Meeting Agenda April 26, 2021 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 March 15, 2021 meeting 5.0 New Business 210134 Auditing Services Contract Review and recommendation on the execution of an Engagement Letter with Lauterbach & Amen, LLP for Auditing Services FYE 2021 through 2023 in the total amount of $108,075 with an option to extend the contract for an additional three years. 210135 Purchasing Policy Manual Update Review and recommendation to update the Purchasing Policy Manual, Section 2. Reimbursing Each Petty Cash Box, in order to reflect the current amounts and location of each box. 6.0 Old Business 210094 Reserve Policy and Stimulus Discussion and Direction Legislative History 3/15/21 Finance & Administration tabled Committee 7.0 Review of Financial Information Monthly Financial Report for March 2021 8.0 Future Meeting Dates May 24, 2021 9.0 Adjournment Village of Lombard Page 3 Printed on 4/20/2021