= I. = ; CALL TO ORDER AND ROLL CALL

Meeting was called to orde= r at 7:30 P.M. by Mr. Samz.

Attend= ing: = Stephen Dugan

Doug Samz, Chairperson

&nb= sp; = ; &= nbsp; Bob Sarley

&nb= sp; = ; &= nbsp; Bob Gerry

&nb= sp; = ; &= nbsp; Tim McCue

&nb= sp; = ; &= nbsp; Ray Perry

&nb= sp; = ; &= nbsp; Jim Silvers, Trustee

Absent: None

Also

Attending: Russell Benford, Village Administrator

Donna Lo= baito, Assistant Village Administrator/Recording Secretary

&nb= sp; = ; &= nbsp; Marilyn McGuan, Village Treasurer

&nb= sp; = ; &= nbsp; Tom Fitzpatrick, Public Works Director

&nb= sp; = ; &= nbsp; Jennifer Paulus, Interim Police Chief

II. = ; OPPORTUNITY FOR PUBLIC TO ADDRESS THE COMMI= TTEE

None this month.

III. = ; APPROVAL OF THE MINUTES FROM THE MARCH 22, = 2005 SPECIAL MEETING

A motion was made by Mr. D= ugan to approve the March 22, 2005 Special Meeting minutes. Seconded by Mr. Sarley.

On a voice vote, the motio= n carried unanimously.

&nb= sp;

IV. = ; NEW BUSINESS

A. Consideration Of The Annual Budget For The Village Of Hawthorn Woods, Lake County, Illin= ois For The Fiscal Year Commending May 1, 2005 And Ending April 30, 2006 =

Administrator Benford com= mented that he was able to make $721,015 in cuts from the first draft of the budget. These cuts included,= but were not limited to: no hiri= ng of additional staff and no new projects.

Mr. Perry commented that = he is not in favor of financing the police cars.&nb= sp; Administrator Benford stated that in the past, the Police Departmen= t has always paid cash for their vehicles, however, the Public Works Department utilizes leasing. Mr. Perry = asked that the Finance Committee be provided with a Balance Sheet next month.

The committee reviewed th= e fund balances on the Treasurer’s Report.=

Mr. McCue asked if the do= nations the Village receives are restricted. Administrator Benford responded the Park Donation was restricted, b= ut not the General Fund donation.

Administrator Benford com= mented that on page 8, he highlighted at the bottom the reimbursable accounts in = the Planning and Zoning Account.

Mr. McCue asked if $172,0= 00 in income for the Water and Sewer Funds were reasonable. Administrator Benford responded t= hey were, due to the anticipation of the connection of District 95, the three existing buildings at the Hawthorn Woods Business Park, Hawthorn Estates, Hawthorn Ridge and the Gilmer Estates properties.

Mr. McCue asked why MFT m= oney was not being spent as a part of the SSA project. Administrator Benford responded t= hat SSA money needs to be spent within a particular time frame, therefore, MFT mon= ey would be spent at a later date.

Mr. Gerry asked why appro= ximately $8,600 was cut from Elected Official’s Health Insurance account. Administrator Benford commented t= hat one Trustee has decided not to take health insurance through the Village.

The Committee discussed t= he various options of budgeting for the $721,015 that Administrator Benford w= as able to cut from the first draft. Mr. Perry stated he would like to see an expenditure in the General= Fund for the $721,015. Trustee Si= lvers stated a cash transfer could be made.&nbs= p; Mr. Samz commented that it is important that the money be restricte= d to SSA work. Mr. McCue asked Administrator Benford to show an expenditure of $835,000 and roll this mon= ey into a reserve account.

Mr. Dugan commented that = since the new Technology budget is only for maintenance issues, it may make sense to= put these expenditures back into Building and Grounds this year.

The Committee discussed t= he salary proposals. Administrator Ben= ford commented that all departments have budgeted salaries consistent with sala= ry ranges established in the last year.

Mr. Dugan asked whether t= he CD’s that are coming due soon can be earmark for the SSA’s.

Motion by Mr. Sarley, second by Mr. Perry to approve the budget as presented tonight subject to:

1. The establishment of a line item for allocating money to the SSA projects, whi= ch would represent the $721,015 cut from the first draft of the budget, plus = an additional $91,000 from reserves to account for $835,000 pledged towards t= he road projects;

2. The establishment of a line item on the Balance Sheet for the accrual of leased vehicles; and

3. The elimination of health insurance and IMRF for elected officials.

On a voice vote, the motion carried unanimou= sly.

Mr. Gerry commended Admin= istrator Benford for his hard work on the budget.&= nbsp;

= V. = ; OLD BUSINESS

A. = ; Discussion on SSA Expenses

Assistant Administrator Lobaito reviewed the = SSA Expenditure Profile with the Committee.&n= bsp; Trustee Silvers asked that a footnote be added to the MFT column indicating that this money is for engineering purposes and a footnote adde= d to the General Fund column indicating that this money is for road repairs.

Public Works Director, Tom Fitzpatrick commented that the increase in engineering costs in project ye= ar two are attributed to the extensive drainage work conducted in SSA #1.

Mr. Samz stated he would = like to see the estimated cost to complete the project. Public Works Director Fitzpatrick= stated that the engineering costs, which were established at the start of this project, took inflation factors into account when developing the long range cost projection.

= VI. = ; ADJOURNMENT

On a motion by Mr. Sarley, seconded by Mr. Dugan, the Finance Committee adjourned at 9:13 p.m.

Respectfully submitted,

____________________________ &= nbsp; &nb= sp; ___________________________

Doug Samz, Chairperson &= nbsp; &nb= sp; = ; Donna Lobaito, Recording Secretary