Will County Forest Preserve District Finance Committee met May 2.
Here is the minutes provided by the Committee:
A.Call To Order
Meeting was called to order at 8:47 am by Chair Ray Tuminello
B. Pledge Of Allegiance
Commissioner Weigel led the Pledge of Allegiance.
C. Roll Call
Attendee Name; Title; Status; Arrived:
Judy Ogalla Ex-Officio Present
Kenneth E. Harris District 4 (D - Bolingbrook) Present
Donald Gould District 6 (R - Shorewood) Present
Steve Balich District 7 (R - Homer Glen) Present
Mike Fricilone District 7 (R - Homer Glen) Present
Suzanne Hart Ex-Officio Present
Donald A. Moran District 3 (D - Romeoville) Present
Jim Moustis Ex-Officio Present
Tom Weigel Vice Chair Present
Darren Bennefield District 5 (R - Aurora) Absent
Lauren Staley-Ferry District 9 (D - Joliet) Absent
Annette Parker Ex-Officio Absent
Gretchen Fritz District 5 (R - Plainfield) Absent
Ray Tuminello Chair Present
Tim Kraulidis District 13 (R - Joliet) Absent
Tyler Marcum District 10 (D - Joliet) Present
Ralph Schultz Chief Operating Officer Present
John Gerl Chief Financial Officer Present
Andrew Hawkins Director of Planning and Development Present
Laura Kiran Director of Marketing and Communications Present
Dee Jaworski Staff Accountant Present
Lisa Lukasevich Director of Finance Present
Cindy Cain Public Information Officer Present
Tracy Chapman Chief of Police Present
Coleen Novander Real Estate Manangement Program Coordinator Present
Denise Steffen Director of Information Technology Present
Rose Scofield Customer Relations Specialist Present
Susan Lafferty Southtown Star Present
Keith Ogle Present
Frederick Lantz CPA, Sikich, LLP Present
Krisztina Dommer Senior Manager, Sikich, LLP Present
Richard Kavanagh Attorney Present
D. Schedule Of Bills
E. Approval Of Minutes
1. Minutes of April 4, 2018
Result: Approved [Unanimous]
Mover: Donald A. Moran, District 3 (D - Romeoville)
Seconder: Steve Balich, District 7 (R - Homer Glen)
Ayes: Ogalla, Harris, Gould, Balich, Fricilone, Hart, Moran, Moustis, Weigel, Tuminello, Marcum
Absent: Bennefield, Staley-Ferry, Parker, Fritz, Kraulidis
F. Old Business - None
G. New Business
1. Motion To Change Agenda Order
Chair Tuminello Motion to Change Agenda Order.
Result: Approved [Unanimous]
Mover: Steve Balich, District 7 (R - Homer Glen)
Seconder: Tom Weigel, Vice Chair
Ayes: Ogalla, Harris, Gould, Balich, Fricilone, Hart, Moran, Moustis, Weigel, Tuminello, Marcum
Absent: Bennefield, Staley-Ferry, Parker, Fritz, Kraulidis
2. Approval of Ordinance No. 519, Establishing the 2018/2019 Land Use Fees
Result: Approved [Unanimous]
To: Forest Preserve District Board Of Commissioners
Mover: Judy Ogalla, Ex-Officio
Seconder: Steve Balich, District 7 (R - Homer Glen)
Ayes: Ogalla, Harris, Gould, Balich, Fricilone, Hart, Moran, Moustis, Weigel, Tuminello, Marcum
Absent: Bennefield, Staley-Ferry, Parker, Fritz, Kraulidis
3. Approval of Ordinance No. 520, Authorizing a Second Amendment to the Annexation and Development Agreement between the Forest Preserve District of Will County and the Village of Homer Glen at Fiddyment Creek Preserve, Authorizing the Chief Operating Officer to execute License Agreement No. 18-03 and Approval of Ordinance No. 521 Accepting Conveyance of two parcels from the Village of Homer Glen pending final Attorney review.
Result: Approved [Unanimous]
To: Forest Preserve District Board Of Commissioners
Mover: Steve Balich, District 7 (R - Homer Glen)
Seconder: Tom Weigel, Vice Chair
Ayes: Ogalla, Harris, Gould, Balich, Fricilone, Hart, Moran, Moustis, Weigel, Tuminello, Marcum
Absent: Bennefield, Staley-Ferry, Parker, Fritz, Kraulidis
4. Accept and Place on File The Forest Preserve District of Will County's Comprehensive
Annual Financial Report For The Year Ended December 31, 2017.
Chair Tuminello speaks of the District's financial state.
Chair Tuminello wishes to thank the Commissioners and District Finance Staff for their continued hard work and dedication.
Chair Tuminello introduced Frederick Lantz, CPA, Partner in Charge and Krisztina Dommer, Senior Manager of Sikich LLP. Presentation followed.
Financial Highlights included:
• The District’s total net position increased by $16,349,503 from $188,369,654 at December 31, 2016 (restated), to $204,719,157 at December 31, 2017.
• The District’s governmental funds reported combined ending fund balances of $19,751,223 a decrease of $78,406 in comparison with the prior year.
• At the end of the current fiscal year, the unrestricted/unassigned fund balance for the General Fund was $8,068,438, a decrease of $317,606.
• The total cost of all District programs increased by $106,530 or.43% to $25,016,551 for fiscal year ended December 31, 2017.
Mr. Lantz stated that Sikich also performed an audit of the basic financial statements of the Retiree Health Insurance Trust Fund.
• Plan fiduciary net position as a percentage of the total liability in 2016 was 40.94% and in 2017 ended at 49.62%.
• Mr. Lantz stated that this retirement fund was one of the best funded in the State of Illinois.
Mr. Lantz stated that Sikich was pleased to present a clean, unmodified opinion of the financial statements for year-end December 31, 2017.
Mr. Lantz also presented a copy of the Auditor’s Management Letter.
Chief Financial Officer Gerl stated that the preparation of this report on a timely basis could not be accomplished without the efficient and dedicated services of the entire staff of the Finance Department.
Result: Approved [Unanimous]
To: Forest Preserve District Board Of Commissioners
Mover: Donald A. Moran, District 3 (D - Romeoville)
Seconder: Tom Weigel, Vice Chair
Ayes: Ogalla, Harris, Gould, Balich, Fricilone, Hart, Moran, Moustis, Weigel, Tuminello, Marcum
Absent: Bennefield, Staley-Ferry, Parker, Fritz, Kraulidis
H. Executive Session
1. Motion to Enter into Executive Session for Purpose of Land Acquisition
Result: Approved [Unanimous]
Mover: Mike Fricilone, District 7 (R - Homer Glen)
Seconder: Tom Weigel, Vice Chair
Ayes: Ogalla, Harris, Gould, Balich, Fricilone, Hart, Moran, Moustis, Weigel, Bennefield, Staley-Ferry, Parker, Fritz, Tuminello, Kraulidis, Marcum
2. Motion to Exit out of Executive Session
Result: Approved [10 To 0]
Mover: Tom Weigel, Vice Chair
Seconder: Donald A. Moran, District 3 (D - Romeoville)
Ayes: Ogalla, Gould, Balich, Fricilone, Hart, Moran, Moustis, Weigel, Tuminello, Marcum
Absent: Bennefield, Staley-Ferry, Parker, Fritz, Kraulidis
Away: Harris
I. REPORTS
1. Quote Approval Report - First Quarter 2018
2. Next Meeting Date - Wednesday, June 6, 2018 immediately following the Operations Committee meeting but not earlier than 8:45 am
J. Comments By Public
No comments were received.
K. Comments By Commissioners
No comments were received.
L. Adjournment
1. Meeting was Adjourned at 9:57 am
Result: Approved [Unanimous]
Mover: Steve Balich, District 7 (R - Homer Glen)
Seconder: Donald A. Moran, District 3 (D - Romeoville)
Ayes: Ogalla, Harris, Gould, Balich, Fricilone, Hart, Moran, Moustis, Weigel, Tuminello, Marcum
Absent: Bennefield, Staley-Ferry, Parker, Fritz, Kraulidis
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