City of Peru Finance and Safety Services Committee met July 18.
Here is the minutes provided by the Committee:
THE FINANCE & SAFETY SERVICES COMMITTEE MEMBERS PRESENT: Aldermen Potthoff, Ferrari, Radtke and Payton present; Mayor Harl present.
OTHER PERSONS PRESENT: City Clerk Dave Bartley, ASM/Police Chief Doug Bernabei; PSM/Fire Chief Jeff King; Finance Officer Justin Miller, Human Resource Manager Kim Reese and Economic Development Director Bob Vickrey.
MATTERS DISCUSSED
The Committee reviewed and approved the disbursements for payment on July 25, 2018.
PRESENTATION
OLD BUSINESS
Finance Officer Justin Miller provided the following finance update:
Finance Report- 07/18/2018
ÿ Actuarial Update
ÿ Fiscal 2018 pension actuarial study in progress
o Liability Update
ß Increase due to the date range approved and the Police Pension was one up.
ÿ Fiscal Year 2018 Audit
ÿ Fieldwork Complete
ÿ Report Date
ÿ Investment Strategy
ÿ Investment Report
o City has $765,000 in excess liquid reserve with an addition $943,000 maturing in August 2018. The liquidity was in the Utility and General Find and the recommendation is to reinvest $1,708,000 of the funds
ÿ Utility Reserve
ÿ Update
o JUSTIN
Human Resource Update-07/18/18
Employee Manual Revisions
ÿ See Attached with additions in red
o Additions and Changes include: establishing an accident review board; use of City equipment and resources; employee performance evaluation; personal days; duty related illness or injury; and voluntary supplemental benefits.
ÿ Council Approval 7/23/18
Wage Ordinance Revisions
ÿ See Attached with changes/additions in red
o HR Manager Reese confirmed there are no wage changes in the wage ordinance.
ÿ Revisions needed to coincide with Employee Manual
ÿ Council Approval 7/23/18
Health Insurance Update
ÿ Waiting for Utilization Reports
Committee discussed the upcoming ICSC Chicago convention and asked for formal approval at the next regular meeting.
Committee discussed proposed inducement resolutions for 1830 and 1902 4th Street.
Committee discussed left over Hy-Vee TIF increment to flow to downtown property demolition.
Mayor Harl initiated a discussion of regulatory use of city parking lots. The Committee agreed to further research.
NEW BUSINESS
Chief King reported the City sought and received two local bids and compared with the State bid. Schimmer Ford was the local and overall low bidder at $41,312.36. Alderman Ferrari recommended seeking local bids vs the state government option on other purchases.
Alderman Potthoff initiated a discussion to Join Uniquely Northern Illinois Initiative. Committee discussed the commitment of approximately $3,000 per quarter. The Committee recommended participating only when there is a corresponding event.
PUBLIC COMMENT
CLOSED SESSION
Alderman Potthoff made a motion to adjourn. Alderman Ferrari seconded the motion. Meeting adjourned at 5:08 p.m.
https://www.peru.il.us/minutes/finance-and-safety-services-minutes/2018-fs-2/4188-finance-and-safety-services-minutes-07-18-18/file
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