FINANCE COMMITTEE 2010/02/16 Minutes
The City of Lake Forest
FINANCE COMMITTEE
Proceedings of the February 16, 2010 Meeting
6:30 p.m. – City Hall Council Chambers
I. Call to Order and Roll Call
Chairman Grumhaus called the meeting to order at 6:30 p.m. Present: Mayor Cowhey, Chairman Grumhaus,
Aldermen Novit, Morsch, Hanrahan, Looby and Palmer. Absent: Aldermen Widman and Goltra. Quorum
present. There were 2 present in the audience.
Staff present: Robert Kiely, Jr., City Manager; Kathleen Reinertsen, Finance Director; Louise Breckan, Assistant
Finance Director; Ramesh Kanapareddy, Assistant City Engineer; Diane Hall, Senior Accountant and Victor
Filippini, City Attorney.
II. Consideration of Minutes from the Finance Committee Meeting Held on January 19, 2010
Alderman Looby made a motion to approve the minutes from the Finance Committee meeting held on January 19,
2010. The motion was seconded by Alderman Palmer. The motion carried unanimously by voice vote.
III. Consideration of an Ordinance Increasing the Fee for Parking at the Lakefront
Ms. Kathleen Reinertsen, Finance Director stated that at their December 7, 2009 meeting, the City Council
approved the increase in the vehicle license fee from $75 to $85 and eliminated the senior discount. The Forest
Park Beach parking permit fee is the same price as the vehicle license fee. Therefore, an ordinance must be
approved to increase the Forest Park Beach parking permit fee from $75 to $85 and eliminate the senior discount.
The increase in revenue is estimated to be $1,500.
Alderman Looby moved, seconded by Alderman Novit to recommend that the ordinance increasing the fee for the
Forest Park Beach parking permit to go before the City Council for first reading. The motion carried
unanimously by voice vote.
IV. Other Business
January 2010 Financial Flash Report - Chairman Grumhaus stated that the General Fund revenues did not
decrease significantly as compared to the December 2009 Financial Flash Report. However, General Fund
revenues tied to the economy continue to be a concern. The water sales revenue decreased slightly for January
2010. Mr. Kiely stated that the Water and Sewer Fund will be discussed in more detail at the March 16, 2010
Budget meeting.
V. Opportunity for the Public to Address the Finance Committee: None.
VI. Executive Session for Purposes of Discussing Personnel Issues
Alderman Looby moved, seconded by Alderman Novit to adjourn the meeting at 6:35 p.m. and to go into
Executive Session for the purpose of discussing personnel issues. The following voted “aye”: Cowhey,
Grumhaus, Novit, Morsch, Hanrahan, Looby, Palmer. The following voted “nay”: none. The motion carried
unanimously.
Following the Executive Session discussion, Alderman Morsch moved, seconded by Alderman Novit to adjourn
the Executive Session at 7:15 p.m. and to reconvene back into Open Session. The following voted “aye”:
Cowhey, Grumhaus, Novit, Morsch, Hanrahan, Looby, Palmer. The following voted “nay”: none. The motion
carried unanimously.
VII. Adjournment
There being no further business, Alderman Morsch moved, seconded by Alderman Novit to adjourn the meeting
at 7:20 p.m. The motion carried unanimously by voice vote.
Respectfully submitted,
Louise Breckan
Assistant Finance Director