Will County Forest Preserve District Finance Committee met May 6.
Here is the minutes provided by the committee:
A. CALL TO ORDER
Meeting was called to order at 9:24 AM by Chair Brooks.
B. PLEDGE OF ALLEGIANCE
Commissioner Balich led the Pledge of Allegiance.
C. ROLL CALL
| Attendee Name | Title | Status | Arrived |
| Kenneth E. Harris | President | Present | |
| Donald Gould | District 6 (R - Shorewood) | Present | |
| Herbert Brooks Jr. | Chair | Present | |
| Mark Ferry | District 13 (D - Plainfield) | Present | |
| Beth Rice | District 3 (D - Bolingbrook) | Present | |
| Denise E. Winfrey | Speaker, District 8 (D - Joliet) | Present | |
| Annette Parker | District 9 (R - Crest Hill) | Present | |
| Gretchen Fritz | District 5 (R - Plainfield) | Present | |
| Ray Tuminello | District 12 (R - New Lenox) | Present | |
| Tim Kraulidis | District 13 (R - Joliet) | Absent | |
| Tyler Marcum | Treasurer | Present | |
| Amanda Koch | Vice President | Present | |
| Meta Mueller | Vice Chair | Present | |
| Julie Berkowicz | District 11 (R - Naperville) | Present | |
| Mimi Cowan | Secretary | Present | |
| Sherry Newquist | District 1 (D - Steger) | Present |
1. Schedule of Bills - April
RESULT: APPROVED [UNANIMOUS]
MOVER: Herbert Brooks Jr., Chair
SECONDER: Mark Ferry, District 13 (D - Plainfield)
AYES: Harris, Gould, Brooks Jr., Ferry, Rice, Winfrey, Parker, Fritz, Tuminello, Marcum, Koch, Mueller, Berkowicz, Cowan, Newquist
ABSENT: Kraulidis
E. APPROVAL OF MINUTES
1. Minutes of March 12, 2020
RESULT: APPROVED [UNANIMOUS]
MOVER: Meta Mueller, Vice Chair
SECONDER: Ray Tuminello, District 12 (R - New Lenox)
AYES: Harris, Gould, Brooks Jr., Ferry, Rice, Winfrey, Parker, Fritz, Tuminello, Marcum, Koch, Mueller, Berkowicz, Cowan, Newquist
ABSENT: Kraulidis
2. Executive Session Minutes of March 12, 2020
RESULT: APPROVED [UNANIMOUS]
MOVER: Sherry Newquist, District 1 (D - Steger)
SECONDER: Gretchen Fritz, District 5 (R - Plainfield)
AYES: Harris, Gould, Brooks Jr., Ferry, Rice, Winfrey, Parker, Fritz, Tuminello, Marcum, Koch, Mueller, Berkowicz, Cowan, Newquist
ABSENT: Kraulidis
F. OLD BUSINESS - NONE
G. NEW BUSINESS
1. Approval of Resolution No. 20-05 Authorizing the Acquisition of +/-200 acres (PC50B1, B2, B3, B4, B5 & B6) at Plum Valley Ravines
RESULT: APPROVED [UNANIMOUS]
TO: Forest Preserve District Board of Commissioners
MOVER: Meta Mueller, Vice Chair
SECONDER: Mark Ferry, District 13 (D - Plainfield)
AYES: Harris, Gould, Brooks Jr., Ferry, Rice, Winfrey, Parker, Fritz, Tuminello, Marcum, Koch, Mueller, Berkowicz, Cowan, Newquist
ABSENT: Kraulidis
2. Approval of Resolution No. 20–06 Authorizing the Acquisition of +/-0.38 acres (NDPXB1) at Riverview Farmstead.
RESULT: APPROVED [UNANIMOUS]
TO: Forest Preserve District Board of Commissioners
MOVER: Beth Rice, District 3 (D - Bolingbrook)
SECONDER: Sherry Newquist, District 1 (D - Steger)
AYES: Harris, Gould, Brooks Jr., Ferry, Rice, Winfrey, Parker, Fritz, Tuminello, Marcum, Koch, Mueller, Berkowicz, Cowan, Newquist
ABSENT: Kraulidis
3. Award of Contract in the Amount of $109,798.50 to Heritage FS Inc. of Peotone, Illinois for the 2020 Vehicle Fuel Contract
RESULT: APPROVED [UNANIMOUS]
TO: Forest Preserve District Board of Commissioners
MOVER: Ray Tuminello, District 12 (R - New Lenox)
SECONDER: Julie Berkowicz, District 11 (R - Naperville)
AYES: Harris, Gould, Brooks Jr., Ferry, Rice, Winfrey, Parker, Fritz, Tuminello, Marcum, Koch, Mueller, Berkowicz, Cowan, Newquist
ABSENT: Kraulidis
4. Covid-19 and Stay at Home Order Budget Impact and Review
Commissioner Tuminello complimented the Finance Committee, Forest Preserve Administration, and Finance Department for the financial position the Forest Preserve is in during this time.
RESULT: APPROVED [UNANIMOUS]
TO: Forest Preserve District Board of Commissioners
MOVER: Meta Mueller, Vice Chair
SECONDER: Mark Ferry, District 13 (D - Plainfield)
AYES: Harris, Gould, Brooks Jr., Ferry, Rice, Winfrey, Parker, Fritz, Tuminello, Marcum, Koch, Mueller, Berkowicz, Cowan, Newquist
ABSENT: Kraulidis
H. EXECUTIVE SESSION
No closed session occurred on May 6, 2020.
I. REPORTS
1. Quarterly Investment Report March 31, 2020
2. Quarterly Quote Approval
3. Auditors Annual Report Presentation
Chair Brooks introduced Anthony Cervini, Partner-in-Charge of Sikich LLP.
Presentation followed.
Financial Highlights included:
• The District’s total net position increased by $13,698,444 from $221,383,015 at December 31, 2018 to $235,081,459 at December 31, 2019.
• The District’s governmental funds reported combined ending fund balances of $46,268,774 an increase of $26,261,465 in comparison with the prior year.
• At the end of the current fiscal year, the unrestricted/unassigned fund balance for the General (Corporate) Fund was $10,773,574 an increase of $1,088,147.
• The total cost of all District programs decreased by $487,148 or 1.99% to $24,024,046 for fiscal year ended December 31, 2019.
Mr. Cervini 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 2018 was 36.88% and in 2019 ended at 46.12%.
• Mr. Cervini stated that this retirement fund was one of the best funded in the State of Illinois.
Mr. Cervini stated that Sikich was pleased to present a clean, unmodified opinion of the financial statements for year-end December 31, 2019.
Mr. Cervini also presented a copy of the Auditor’s Management Letter.
Chief Financial Officer Pehle 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.
4. Next Meeting Date - Wednesday, June 3, 2020 immediately following the Operations Committee meeting but no earlier than 8:45 AM at the Sugar Creek Administration
Center, 17540 W. Laraway Road, Joliet
J. COMMENTS BY PUBLIC
No comments were received.
K. COMMENTS BY COMMISSIONERS
L. ADJOURNMENT
1. Meeting was adjourned at 9:51 AM
RESULT: APPROVED [UNANIMOUS]
MOVER: Meta Mueller, Vice Chair
SECONDER: Mark Ferry, District 13 (D - Plainfield)
AYES: Harris, Gould, Brooks Jr., Ferry, Rice, Winfrey, Parker, Fritz, Tuminello, Marcum, Koch, Mueller, Berkowicz, Cowan, Newquist
ABSENT: Kraulidis
https://willcountyil.iqm2.com/Citizens/FileOpen.aspx?Type=15&ID=3758&Inline=True
Alerts Sign-up