Dupage Policy Journal

City of Elmhurst Finance Council Affairs & Administrative Services Committee met Feb. 12.

Here are the minutes provided by the committee:                    

1. Call to Order

Chair Talluto called the meeting to order at 7:02 p.m.

2. Roll Call 

Committee Members Present: Talluto, Jensen, Nudera (7:03), Irby

Committee Members Absent:

Other Elected Officials Present: Curran (7:10)

City Staff and Others Present: Coyle, Bruns, Kravets, Grabowski (7:20)

3. Public Comment – None.

4. Receipt of Written Communication – None. 

5. Business Before the Committee

A. Minutes of the January 22, 2024, meeting of the Finance, Council Affairs & Administrative Services Committee

A motion to approve the minutes of the January 22, 2024, FCA&AS Committee meeting was made by Alderman Jensen and seconded by Alderman Irby. A voice vote was taken, and the minutes were approved unanimously.

B. Report – Sikich Contract Amendment

Director Coyle presented a report recommending a contract amendment to the audit services agreement with Sikich, LLP. The proposed second amendment addresses a reorganization of the audit firm. A motion was made to approve the report with adjustments by Alderman Jensen and seconded by Alderman Nudera. Roll Call vote: 4 ayes, 0 nays. Motion duly carried.

C. Parking Fund

Director Coyle presented a financial analysis of the City’s Parking Enterprise Fund. Revenue of the fund declined sharply in 2020 and have not fully returned to their previous level. As a result, the fund has relied on the General Fund to cover the gap between revenue and expenditures. The goal of the Committee is develop a plan to return the fund to a self-sustaining state or determine permanent support for the fund. Discussion included ways to enhance revenue, such as considering an increase to parking rates which have remained at the current level since 2008,  and whether expenditures can be reduced. The Committee decided to split the evaluation into two areas of consideration: funding the operating shortfall and funding outstanding debt service. The Committee requested additional information to be provided by staff at the next meeting.

D. Pending Items List

The Committee discussed the items on the pending referral list.

6. Other Business

The Committee discussed the lack of a quorum for the March 25th meeting. Director Coyle informed the Committee that staff is preparing for a distribution from TIF 4 per the terms of an IGA with School District 205.

7. Adjournment

A motion to adjourn was made by Alderman Jensen and seconded by Alderman Nudera. Roll Call vote: 4 ayes, 0 nays. Motion duly carried.

The meeting was adjourned at 8:40 p.m.

https://go.boarddocs.com/il/coe/Board.nsf/Public