Will County Gazette

Village of Elwood Finance Committee met Feb. 22.

Here are the minutes provided by the committee:

The Village of Elwood Finance Committee's regular meeting at 4:00 p.m., was called to order by Finance Director Day.

Present: Finance Director Robbie Day, Committee Member Doug Jenco, Committee Member Darryl Lab, Committee Member Jodie Bertucci, and Village Administrator Julie Friebele

Absent:

PRESENTATION OF MINUTES

The minutes from the January 25, 2022 meeting were presented and reviewed. Committee Member Bertucci made a motion to approve the January 25, 2022 minutes as presented. Committee Member Jenco seconded the motion. The motion carried.

PRESENTATION OF BILLS – UNPAID INVOICE REPORT

The unpaid invoice report for $191,982.61 was presented and reviewed. The committee reviewed the request to spend IPRF grant funds and the maintenance cost of 2 lift station pumps. Committee Member Bertucci made a motion to send the Unpaid Invoice Report to the Village Board for consideration on March 2, 2022. Committee Member Lab seconded the motion. The motion carried.

PRESENTATION OF BILLS – PAID INVOICE REPORT

The paid invoice report from 01/22/2022 through 02/21/2022 in $449,892.38 was presented and reviewed. There was a discussion regarding the 2010A Bond & Interest payment and engineering fees. Committee Member Lab made a motion to send the Paid Invoice Report as presented to the Village Board for consideration on March 2, 2022. Committee Member Bertucci seconded the motion. The motion carried.

MONTHLY FINANCIAL REPORT

The committee discussed the benchmark overage/shortfalls for January 2022. The monthly report for January 2022 was presented and reviewed. Committee Member Bertucci made a motion to send the monthly financial report as presented to the Village Board on March 2, 2022. Committee Member Lab seconded the motion. The motion carried.

OTHER BUSINESS

2006, 2010A & 2015 Bonds

PUBLIC COMMENTS

No public comments

ADJOURNMENT

Committee Member Bertucci made a motion to adjourn, and Committee Member Jenco seconded the motion. The motion carried.

http://www.villageofelwood.com/AgendaCenter/ViewFile/Minutes/_02222022-665