The
hearing was opened with the Pledge of Allegiance.
President Pierce announced that
this was a public hearing for the purpose of reviewing the Tentative Combined Annual
Budget and Appropriation Ordinance for the fiscal year beginning May 1, 2007
and ending April 30, 2008, and acknowledged all persons present: Trustees Pierce, Drew, Paxton, Wroten and
Swarthout, Attorney Jay Ukena, General Manager
It was moved by Trustee Swarthout,
and seconded by Trustee Paxton, that President Pierce be named Chairman of the
public hearing.
On roll call, all Trustees
present voted “Aye”. Motion declared
carried.
It was moved by Trustee Drew and
seconded by Trustee Paxton, that
On roll call, all Trustees
present voted “Aye”. Motion declared
carried.
Secretary
Bryant read the following notice that appeared in The News-Sun on
Notice is hereby
given that the undersigned, designated by the Board of Trustees of the North
Shore Sanitary District for the purpose, has prepared a Tentative Combined
Budget and Appropriation Ordinance for the fiscal year beginning May 1, 2007
and ending April 30, 2008, for said North Shore Sanitary District, which
Tentative Combined Annual Budget and Appropriation Ordinance is available for
convenient public inspection in the office of the Secretary of the District,
Wm. Koepsel Drive, Gurnee, Illinois, and that a public hearing will be held as
to said Tentative Combined Annual Budget and Appropriation Ordinance on June 13,
2007 at 9:30 a.m., Central Daylight Savings Time, at the District Office, Wm.
Koepsel Drive, Gurnee, Illinois.
Daniel M. Pierce
------------------------------------------------------
President -
General Manager Dorn presented a brief summary of the
Tentative FY08 Budget.
President Pierce asked if there were any comments from the public. There
were no comments.
It
was moved by Trustee Swarthout, and seconded by Trustee Drew, that the Combined
Annual Budget and Appropriation Ordinance, prepared in a tentative form for the
fiscal year beginning
On roll call, all Trustees present voted “Aye”. Ordinance declared adopted.
Trustee Swarthout commented that the size and detail of the Budget Book that is distributed to each Trustee must take the Staff a great deal of time and effort. Trustee Swarthout’s suggestion is that the Budget be summarized or condensed into approximately 10 pages. Trustee Swarthout also suggested that the Staff have one complete book on file for legal reasons for inspection and reference. Trustee Paxton suggested that electronic copies of the complete budget be made available on a CD.
General Manager Dorn commented
that in the Trustee’s Handbook a condensed form of the Budget is included. Both Trustees Swarthout and Paxton’s suggestions
will be taken under consideration for next year’s budget.
It was moved by Trustee Drew, and
seconded by Trustee Swarthout, that the Public Hearing be adjourned.
On roll call, all Trustees present voted “Aye”. Motion declared carried.
It was moved by Trustee Swarthout and seconded by Trustee Paxton
to open the regular Board Meeting.
On roll call, all Trustees present voted “Aye”. Motion declared carried.
President
Pierce presented the Combined Annual Budget and Appropriation Ordinance,
prepared in final form for the fiscal year beginning
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COMBINED
ANNUAL BUDGET AND APPROPRIATION ORDINANCE |
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of
the |
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for
the fiscal year beginning |
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Be
it ordained by the Board of Trustees of the North Shore Sanitary District
that the following be and the same is hereby adopted as the Combined Annual
Budget and Appropriation Ordinance for necessary expenses and liabilities of
the North Shore Sanitary District for the fiscal year beginning Be
it ordained by the President and Board of Trustees of the North Shore
Sanitary District that the following amounts are hereby appropriated for the
following purposes for the fiscal year beginning May
1, 2007 and ending |
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System Expansion
Reserve |
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Cash Balance, |
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13,299,137 |
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+ Estimated Revenues |
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3,123,160 |
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Fair Capital Contribution Fees |
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0 |
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Connection Fees |
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1,206,720 |
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Annexation Fees |
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953,710 |
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Public Works - Capital Fees |
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297,750 |
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Interest on Investments |
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664,980 |
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= Total Funds Available |
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16,422,297 |
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- Appropriations |
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1,359,400 |
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Previously Authorized Projects |
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1,359,400 |
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= Estimated Cash Balance, |
|
|
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15,062,897 |
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Capital Additions
Reserve |
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Cash Balance, |
|
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3,420,342 |
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+ Estimated Revenues |
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9,297,130 |
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Property Taxes |
|
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6,901,360 |
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Public Works - Property Fees |
|
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1,210,970 |
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750,000 |
|
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372,640 |
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Interest on Investments |
|
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62,160 |
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|
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= Total Funds Available |
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12,717,472 |
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- Appropriations |
|
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12,307,100 |
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Previously Authorized Projects |
|
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12,307,100 |
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= Estimated Cash Balance, |
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