Report of the Committee-of-the-Whole Meeting of March 11, 2019
Proposed Transfer to Police Pension, Firefighters' Pension, and Municipal Parking Funds
Trustee Tinaglia moved, seconded by Trustee Padovani, that the Committee-of-the-Whole recommend that the Village Board approve the transfer of the 2018 year-end general fund surplus of $3.475 million to the following funds:
Police Pension Fund $ 1,500,000
Firefighters' Pension Fund 1,500,000
Municipal Parking Fund 475,000
TOTAL 3,475,000
The motion passed unanimously.