Stan Helgerson and David Richardson
May 24, 2012
Weekly ReportBelow is a summary of activities for current week here in the City:
Attended several meetings with key City officials and employees toobtain background information for preparing
the City’s 2012/2013
Budget. Key individual contacts included the Police Chief, FireChief, Ambulance billing coordinator, Water Superintendent andLibrary Director.
Continued our analysis of key revenue sources for use in theupcoming 2013 fiscal year budget. A recommendation on fundconsolidations and accounting changes is being developed.
Met with the Village Attorney to complete an analysis ofoutstanding general obligation and alternative revenue debt for2013 budget planning purposes.
Confirmed with Midland Bank the amount of debt service payments tobe made in June, 2012 to assist with cash flow planning.
Met with Police and Fire Pension Board leadership to discusspossible modifications to current administrative practicesincluding accounting, investment advising and receipt of propertytaxes.
Discussed invoice authorization and approval practices withCommissioner Considine.
Met with Commissioner Blackburn and yourself to discuss budget year2013 revenue projections.
Worked with the Village Clerk to answer Illinois Department ofInsurance questions in relation to the Police and Fire PensionFunds currently being audited by the State.
Met with representatives of Wipfli CPAs and Consultants to discussinput needed from them to reconcile interfund receivables/payablesand cash.
Met with Water Department staff to gain an overview of theiraccounting system.
Prepared a draft job description and promotional notice for the newposition of Finance Director.We do not have any new recommendations at this time.