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Maywood trustees set April 16 budget hearing, approve routine payments and omnibus budget measures
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Summary
At the March 5, 2019 regular meeting, the Village of Maywood Board of Trustees set a public hearing on the FY2019/20 budget for April 16, approved a warrant list of $37,623.18 and adopted omnibus budget and transfer measures including a potential transfer of up to $415,692 from the Working Capital Reserve Fund.
The Village of Maywood Board of Trustees on March 5 set a public hearing on the village’s proposed fiscal year 2019–2020 budget for April 16, 2019, and approved routine financial items, including Warrant List No. 200467 totaling $37,623.18.
Mayor Edwenna Perkins and trustees approved a draft Notice of Public Hearing for the FY2019/20 budget after a motion by Trustee A. Sanchez, seconded by Trustee H. Yarbrough. The board then approved the warrant list (motion by Trustee H. Yarbrough, seconded by Trustee A. Sanchez); Trustee K. Wellington recorded an abstention on that payment vote.
The board also adopted an omnibus package of ordinances and resolutions that included amendments to the FY2018/19 budget and a resolution authorizing a transfer from the Working Capital Reserve Fund to the General Fund of an amount not to exceed $415,692 to pay MQ Construction Company for work on the 2018 MWRD Green Infrastructure Alley Improvement Project. The omnibus motion (items A–L) passed on a motion by Trustee A. Sanchez and seconded by Trustee H. Yarbrough.
The omnibus package included vendor payments and contract authorizations listed by staff: Allied Waste Service roll-off services ($8,005.32) and garbage pick-up ($146,000.00); Fleet Services retail fuel purchases ($15,504.17); ceiling tile materials and installation to George Garmin ($10,000.00); engineering services to Edwin Hancock Engineering for the Madison Street LAFO project ($41,807.00) and for various village projects ($45,536.50); and reimbursement to Steven Owen for medical insurance premiums ($16,070.32). The vote to adopt the omnibus package carried with the board members present voting in the affirmative and Trustee R. Rivers recorded absent for the meeting.
The board’s action to allow the transfer from the Working Capital Reserve Fund is limited to an amount not to exceed $415,692 and was framed as necessary to pay MQ Construction for previously performed work; staff noted the transfer includes an extension of the repayment schedule. No additional policy changes to the village’s investment policy were recorded beyond the ordinance amending Article XII (Working Capital Reserve Fund).
The board adjourned at 10:06 p.m. after a closed-session recess was authorized to discuss pending litigation and review of closed meeting minutes.