Lincoln, Illinois

Finance Committee Meeting

April 22, 2010

The City of Lincoln Finance Committee met in the Council Chambers on Thursday, April 22, 2010.

Those present from the Finance Committee were Chairman Alderman Anderson, Vice Chairman Alderman Horn, Alderman Busby, Alderman Neitzel, and Alderman Tibbs. Also present were Alderman Armbrust, Alderman Bacon, and Alderman Hoinacki. Department Heads present were Street Superintendent Mr. Jackson, Fire Chief Hulett, City Engineer Mr. Mathon, and City Safety and Building Officer Mr. Lebegue. Also present were Mayor Snyder, City Treasurer Mr. Plotner, and Recording Secretary Mrs. Riggs.

There were five Finance Committee members present (Alderman Anderson, Alderman Busby, Alderman Horn, Alderman Neitzel, and Alderman Tibbs), and none absent.

Finance Committee Chairman Alderman Anderson called the meeting to order at 5:05 p.m. The purpose of the meeting was to discuss fiscal year 2010/2011 budget.

Alderman Anderson gave a recap of Saturday, April 17, 2010 the city was roughly $625,000.00 short. Some cuts were made and some errors have been discovered since then. Adjust as of today $439,275.00. It is a general fund expenditure including the transfers of $7,166,475.00 with projected revenue of $6,727,200.00. She said Mr. Plotner had had some meetings with Mr. Heid (who does the G.O. Bond), Mr. Jackson and Mr. Mathon have been diligently working and made some changes in the fire department budget due to some miscalculations in salaries and it actually went up a little.

Fire Chief Hulett said they had gotten a grant for the exhaust system for $39,506.00. The city's portion is 5% or $2,700.00. It was not in the budget.

Mr. Plotner said they could put that in the G.O. Bond. That money will not be available until December or January. He told Mr. Heid that the Aldermen were the ones who decide to do the G.O. Bond and this has to be capital expense or capital projects. There are items that could be moved over to the G.O. Bond but you can't spend it until you receive it. He strongly recommended doing the G.O. Bond.

Alderman Anderson said they had to find $246,275.00. Mr. Jackson said he and Mr. Mathon could help out with $107,500.00.

Mr. Mathon said there are some additional expenses that are paid out of general fund lines in lighting and in street and alley that are eligible to be paid by Motor Fuel Tax (MFT). They are:

02-10-06 6430 down to $60,000.00 pay from MFT (new line)

02-36-06 5116 down to $47,500.00 pay from MFT (new line)

Finance Committee Meeting

April 22, 2010; Page -2-

Alderman Anderson said that leaves $138,775.00.

Mr. Mathon said public benefits 26-00-08 7872 to -0-

Alderman Anderson said they would adjust the shortage from $20,000.00 down to -0- which brings the total down to $118,775.00.

Mr. Jackson said he needed to add $500.00 in medical line item 8650 and it was moved up to $1,700.00. He said 5206 radios he could bring it down to $1,000.00.

Alderman Anderson said it was down to $118,975.00.

Alderman Busby asked if 5214 could be cut to $30,000.00. Mr. Jackson said he could do that. Schools and conferences (8420) was changed from $17,000.00 to $10,000.00. Alderman Anderson said they could move 8420 down to $5,000.00 (8420). Alderman Anderson said they have $83,975.00 to go.

Mayor Snyder and Alderman Anderson met with the Street Department. They got good feedback with regards to moving forward with saving funds. If there were changes in the health insurance plan it would eliminate the $83,975.00 left.

Alderman Bacon said if the city wanted they could get figures for going to $1,000.00 deductible versus $500.00.

Mayor Snyder said they had talked about furlough days (7) to get to $80,000.00. Alderman Anderson said if were given $85.00 a month contributing for their insurance that would be a difference. Mayor Snyder said they had also discussed foregoing raises.

Early retirement was talked about and there are five people eligible.

Alderman Hoinacki said they should move ahead with the insurance and the hotel/motel tax.  

A meeting for 5:45 p.m. Tuesday, April 27,2010. Mrs. Riggs was to email Mrs. Martinek.

Alderman Neitzel moved to adjourn and Alderman Horn seconded it. There were five yeas (Alderman Anderson, Alderman Busby, Alderman Horn, Alderman Neitzel, and Alderman Tibbs), zero nays and none absent; motion carried.

The City Council’s Finance Committee Meeting adjourned at 6:24 p.m.

Respectfully submitted by,

Risa Riggs, Recording Secretary