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Votes and actions: Finance Committee, Nov. 5, 2024
Summary
On Nov. 5 the Bolingbrook Finance Committee unanimously approved the October 8 minutes, recommended a $110,000 individual stop‑loss for 2025 benefits, recommended a $400,000 SIR for workers' comp, approved an OpenGov invoice for $78,393.33, and adjourned at 7:27 p.m.
The Finance Committee recorded the following formal motions and committee outcomes on Nov. 5, 2024:
• Approval of Oct. 8, 2024 meeting minutes — Motion by Trustee Jose Quintero; seconded by Trustee Jean Kelly; result: unanimous approval.
• Employee benefits / stop‑loss — Motion to accept Alliant's recommendation with a $110,000 individual stop‑loss (ISL) and forward to Village Board — Moved by Trustee Jose Quintero; seconded by Trustee Jean Kelly; result: unanimous approval.
• Workers' compensation SIR — Motion to forward a $400,000 self‑insured retention proposal to the Village Board — Moved by Chairman Michael Carpanzano; seconded by Trustee Jean Kelly; result: unanimous approval.
• OpenGov invoice — Motion to approve payment of $78,393.33 — Moved by Trustee Jose Quintero; seconded by Trustee Maria Zarate; result: unanimous approval.
• Adjournment — Motion to adjourn at 7:27 p.m. — Moved by Trustee Maria Zarate; seconded by Trustee Jose Quintero; result: unanimous approval.
All committee votes were recorded in the minutes as "All in favor. Motion carried." These committee approvals will be forwarded to the Village Board where required for final authorization.
