= I. = ; CALL TO ORDER AND ROLL CALL

Meeting was called to orde= r at 7:40 P.M. by Mr. Samz.

Attend= ing: = Stephen Dugan

Doug Samz, Chairperson

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

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

Absent: Ray Perry

&n= bsp; Bob Gerry

Also

Attending: Jim Krischke, Village Administrator

Donna Lo= baito, Assistant Village Administrator

&nb= sp; = ; &= nbsp;

II. = ; OPPORTUNITY FOR PUBLIC TO ADDRESS THE COMMITTEE

None t= his month.

III. = ; APPROVAL OF THE MINUTES FROM THE FEBRUARY 2= 2, 2006 SPECIAL MEETING

A motion was made by Mr. S= arley to approve the February 22, 2006 special meeting minutes. Seconded by T= rustee Silvers.

On a voice vote the motion= carried.

&nb= sp;

IV. = ; NEW BUSINESS

A. Quarterly Revenue and Expenditure Reports – 3^rd Quarter<= /b>

The committee reviewed th= e 3^rd Quarter Revenue and Expenditure Reports.&= nbsp; Administrator Krischke mentioned that the Village is currently purs= uing quotes on new health insurance. Mr. Sarley commented that the Village needs to be careful on obtaining quotes, because the Village cannot return to Central Management Services for a per= iod of two years. He’s con= cerned that the Village will receive a favorable quote for the first year with a = large increase coming the second.

Mayor Hunt arrived at 7:45 p.m.

        =           Administrator Krischke stated he expects our revenues to exceed expenditures by $500,000= .00 by the end of the fiscal year.

&= nbsp;

        =           Administrator Krischke stated he’s keeping close tabs on the spending. Some accounts are over budget at = this point and need to be re-evaluated. Specific concern has to do with the vehicle maintenance account.

B.     SSA Update

Assistant Administrator L= obaito reviewed the SSA Model with the committee. Mayor Hunt commented that Glen Road will be a major component of the SSA pro= ject this year. He further stated= that monument signs at the Village entrances will be a part of the road program= this year.

= V.      = ;           OLD BUSINESS

A.      Consideration of Village Fees

Administrator Krischke = stated that the fees schedule had been updated based on the Finance CommitteeR= 17;s comments from last month. He= stated that the Village of Mundelein and Lake County were added into the comparison.

If the proposed fees ha= d been in effect in FY ’05, an additional $42,613.56 would have been collected. In FY ’06, = an additional $97,010.35 would have been collected.

Administrator Krischke = commented that the Village of Mundelein recen= tly increased their building permit fees.&nbs= p; They built into their Village Code that the building permit fees wo= uld automatically increase 3% annually.

The fees would be effec= tive 10 days after the Village Board passes the ordinance. Any development that does not eit= her have final plat approval, or has not recorded an annexation agreement will= be subject to the new fees.

Mot= ion by Mr. Dugan, second by Mr. Sarley to recommend the new fee schedule as presented= to the Village Board. On a v= oice vote the motion carried unanimously.

B.&= nbsp;     Credit Card Policy

Administrator Krischke = commented that he will be working with Nancy Caine, Finance Director, on updating the Credit Card Policy. The comm= ittee discussed having the Administrator approve all credit card charges and the Finance Director approving the Administrator’s credit card charges.<= span style=3D'mso-spacerun:yes'>

C.&= nbsp;     Consideration Of The Annual Budget For The Village Of Hawthorn Woods, Lake County, Illinois For The Fiscal Year Comme= ncing May 1, 2006 And Ending April 30, 2007 – First Draft – Discu= ssion Item

The committee reviewed = the revised budget for fiscal year ’07.= Administrator Krischke mentioned that he has included money for the purchase of new financial and building department software. He is concerned that some fees ma= y not be collected because much of the work is still done manually.

The radar trailer and audio/video equipment will be added back into the budget. Administrator Krischke stated tha= t the Women’s Club will be making a donation to the Village for an item or items that the Village cannot afford in the budget.

Administrator Krischke = stated that a salary survey was conducted, however, the Village is not in a finan= cial position to pay at the same rates some of the other communities are paying. Part time employees = in the Public Works department will have their hours capped annually.

Administrator Krischke = announced that the Village will be conducting a special census in the summer. He anticipates with the additional population count, the Village will realize an additional $168,000 annually. The cost of conduc= ting the special census is about $52,000.

Mot= ion by Mr. Dugan, second by Mr. Sarley to approve the budget with $16,500 being reallocated from the General Fund for roads to purchasing a speed trailer = and audio/video equipment for the Barn. On a voice vote, the motion carried unanimously.

= VI.      = ;        ADJOURNMENT

On a motion by Mr. Sarley, seconded by Mr. D= ugan, the Finance Committee adjourned at 9:05 PM.

Respectfully submitted,

____________________________           &= nbsp;           &nb= sp;    ___________________________

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

<= /p>