City of Elmhurst City Council/Elected Officials | City of Elmhurst, IL Website
City of Elmhurst City Council/Elected Officials | City of Elmhurst, IL Website
City of Elmhurst Finance Council Affairs & Administrative Services Committee met May 12
Here are the minutes provided by the committee:
1. Call to Order
Chair Talluto called the meeting to order at 7:00 p.m.
2. Roll Call
Committee Members Present: Talluto, Nudera, Hill, Virgil
Committee Members Absent:
Other Elected Officials Present:
City Staff and Others Present: Coyle, Kravets, Grabowski (7:37pm)
3. Public Comment
None.
4. Receipt of Written Communication
None.
5. Business Before the Committee
A. Minutes of the April 14, 2025, meeting of the Finance, Council Affairs & Administrative Services Committee
A motion to approve the minutes of the April 14, 2025, FCA&AS Committee meeting was made by Alderman Nudera and seconded by Alderman Virgil. A voice vote was taken, and the minutes were approved unanimously.
B. Exempt Transfer Stamp
Director Coyle gave an overview of what an exempt transfer stamp was and the reasons why the City should consider adding the stamp. The Committee discussed the information presented and asked staff for several follow-up items for the next meeting including staff information on sump pump inspections and information on exemptions.
C. Capitalization Polic
Director Coyle stated that staff is reviewing policies as a best practice and suggesting updates where appropriate. The revised policy updates capitalization thresholds, useful lives, and adds information on control of capital assets and federally funded assets. The policy was reviewed by the City’s auditor. The Committee discussed the policy and determined staff would draft a report and circulate it to the Committee for approval. Alderman Hill made a motion to approve a report which was seconded by Alderman Nudera. Roll Call vote: 4 ayes, 0 nays. Motion duly carried.
D. FCAAS Overview
The Committee reviewed a calendar of items normally considered by the Finance Committee. The Committee noted that the June 9 would be cancelled.
E. FCAAS Pending Items
The Committee reviewed the pending items list.
6. Other Business
None.
7. Adjournment
A motion to adjourn was made by Alderman Virgil and seconded by Alderman Hill. Motion carried by unanimous voice vote.
The meeting was adjourned at 8:02 p.m.
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