City of Peru Finance and Safety Services Committee met August 1.
Here is the minutes as provided by the committee:
The Finance & Safety Services Committee Members Present: Aldermen Potthoff, Ferrari and Payton present; Alderman Radtke absent; Mayor Harl absent.
Other Persons Present: City Clerk Dave Bartley, ASM/Police Chief Doug Bernabei; PSM/Fire Chief Jeff King; Finance Officer Justin Miller and Economic Development Director Bob Vickrey.
Matters Discussed
The Committee reviewed and approved the disbursements for payment on August 8, 2018.
Presentation
Old Business
Finance Officer Justin Miller provided the following finance update:
Finance Report- 08/01/2018
o Fiscal Year 2018 Audit
o Fieldwork Complete
o Report Date
o Investment Strategy
o Investment Update
o Found 3% rate on $250,000 Certificate of Deposit
o Utility Reserve
o Agenda 08/06/2018
o Make inclusive of self-insurance and ready for approval on Monday
o Long Term Financial Plan
o Update the 2014 plan
New Business
Committee approved $1,000 contribution to Peru Girls Little League Softball for the Junior Little League State Tournament. Committee recommended approval at the next regular meeting.
Committee approved $500 contribution to IV Super Bowl for 21st Annual Illinois Valley Professional Bowlers Tournament (September 1-2, 2018). Committee recommended approval at the next regular meeting.
Committee tabled contribution to North Central Illinois Art Works.
Chief King initiated a discussion regarding the 2018 Command Vehicle bid and reported the 2018 had been discontinued. Chief King recommended rebidding and the committee concurred.
PSM King reported he is prepare for winter road salt bidding with two potential options.
Public Comment
Closed Session
Alderman Payton made a motion to adjourn. Alderman Ferrari seconded the motion. Meeting adjourned at 4:25 p.m.
https://www.peru.il.us/minutes/finance-and-safety-services-minutes/2018-fs-2/4216-finance-and-safety-services-minutes-08-01-18/file
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