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.