City of Elmhurst Finance Council Affairs & Administrative Services Committee met Oct. 27
City of Elmhurst Finance Council Affairs & Administrative Services Committee met Oct. 27
Here are the minutes provided by the committee:
1. Call to Order
Chair Talluto called the meeting to order at 6:31 p.m.
2. Roll Call
Committee Members Present: Talluto, Nudera, Hill, Virgil
Committee Members Absent:
Other Elected Officials Present: Curran, Levin (6:40), Bram (6:32), Belanger (6:34)
City Staff and Others Present: Coyle, Bruns, Kravets, Grabowski (6:36) Johnson, K (6:37)
3. Public Comment
None.
4. Receipt of Written Communication
None.
5. Business Before the Committee
A. Minutes of the October 14, 2025, meeting of the Finance, Council Affairs & Administrative Services Committee
A motion to approve the minutes of the October 14, 2025, FCA&AS Committee meeting was made by Alderman Virgil and seconded by Alderman Nudera. A voice vote was taken, and the minutes were approved unanimously.
B. 2025 Property Tax Levy and Other Revenues
The Committee continued its review of key revenue sources for the 2026 operating budget. Director Coyle presented an updated memo and several detailed revenue schedules, outlining additional information requested by the Committee on October 14th. The Committee discussed at length several 2025 property tax levy scenarios, including a scenario contemplating a $1M increase to the property tax and a scenario with a $400K increased to the property tax levy along with $600K in additional general fund expenditure reductions from the 2026 proposed budget. The Committee considered all alternatives and acknowledged that the budget as proposed already includes $3M in permanent expenditure cuts to the general fund budget. The list of additional reductions was discussed, with the conversation primarily focused on the impact of a reduced contribution to the Central Fleet Fund. This reduction makes up the majority of the reductions outlined and would result in a temporary deferral of five vehicles and two pieces of mobile equipment. The Committee requested additional information for the next meeting, including an updated forecast that contemplates a combined $1M increase to the property tax levy and $600K in general fund reductions, as well as a schedule that illustrates the impact to an average homeowner of a $1M increase to the 2025 levy and a $1.3M increase to the 2026 levy to pay for the debt service associated with the new police station.
C. Municipal Utility Fund Revenues
Director Coyle presented two schedules for Committee consideration regarding the Municipal Utility Fund revenues, including a five-year financial forecast and a model of the capital investment recovery charge (CIRC) based on the water rate study and revised projections for several capital projects. The Committed inquired whether the work associated with Bundle 6 could be shifted further into the future based on a change to the required date of compliance from the Environmental Protection Agency (EPA), which has shifted from 2030 to 2038. Director Coyle will confer with Public Works staff and provide that information to the Committee in a future meeting. The Committee will further consider the timing of implementing CIRC rate changes as initial debt service on IEPA loans is estimated and the City is not provided with a precise schedule of the payments due until the construction is complete and the project closed. It is anticipated that partial debt service payments will be required in 2026 for the Bundle 5 project which is nearing completion. The Committee ended discussion and tabled other revenues for a future meeting due to time constraints.
D. Referral – Parcel Analysis
This agenda item was not discussed due to time constraints.
6. Other Business
None.
7. Adjournment
A motion to adjourn was made by Alderman Hill and seconded by Alderman Nudera. Motion carried by unanimous voice vote.
The meeting was adjourned at 7:59 p.m.
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