McHenry Times

Village of Richmond Finance Committee met April 2.

Here is the minutes provided by the Committee:

The Finance Committee meeting held at the Village Hall, 5600 Hunter Drive was called to order by Chairman

Ramsin Wardanian at 5:02 PM.

Members Present: Trustees: Dennis Bardy, TJ Fulmer and Ramsin Wardanian.

Members Absent: None.

Other Employees/Officials Present: Village President Craig Kunz, Finance Clerk Kristen Murphy and Village Clerk Karla Thomas.

Approval of Minutes: The committee reviewed the Special Finance Committee minutes for February 26, 2018, March 5, 2018, March 12, 2018, March 19, 2018 and March 26, 2018.

Trustee Fulmer moved, seconded by Trustee Bardy to approve the Special Finance Committee minutes for February 26, 2018, March 5, 2018, March 12, 2018, March 19, 2018 and March 26, 2018 as presented. The motion was approved by voice vote.

Public Comments: None.

Clerk’s Comments: None.

Unfinished Business: None.

New Business: The committee review the list of Fiscal Year 2018-2019 Project List noting that several proposed project were cut due to monetary restraints. It was explained that although the Fiscal Year 2019 budget bottom line reflects a deficit balance, fund balances from Fiscal Year 2018 will offset the deficit with cash on hand.

The committee will present the Fiscal Year 2019 budget for approval at the April 19th Board meeting.

Trustee Comments: None.

Adjournment: There being no further business to discuss, Trustee Fulmer moved, seconded by Trustee Bardy to adjourn the April 2, 2018 Special Finance Committee meeting. The motion was approved by voice vote.

Meeting adjourned at 5:55 PM.

http://richmond-il.com/pdf/residents-minutes/04-02-2018_Finance_Minutes.pdf