Board of Aldermen 09-22-2020 Page 33
President Wilshire
Mr. Griffin, do you have that answer?
Mr. Griffin
It was — yeah — subject to check it was the attachment to the Mayor's letter. | believe the number was $282
million so 10% of that is $28 million and we are at $80.7 million. So we are 11.4% over.
Alderwoman Lu
Ok thank you. | just wasn’t sure how this worked. The document that we received today so thank you for
clarifying that for me. That’s all.
President Wilshire
Ok, thank you. Anyone else have any questions or discussion on Resolution 20-067. Alderman Jette?
Alderman Jette
Thank you, Madam President. So | appreciate former Alderman Teeboom’s reminding us of the Ordinance
that regulates this. So during the discussions, | took the opportunity to look at the Ordinances and you
know | just want to make sure from Mr. Griffin, the Mayor and Corporation Counsel, that we are doing wnat
we are supposed to be doing. The Ordinance that Mr. Teeboom referred to, Section 5-135 says in
paragraph A that we are supposed to maintain as of each June 30"" an amount equal to 10% of the Fiscal
Year Appropriations plus the Statewide Enhanced Education Amount, plus the Local School Net Tax
Commitment and plus the County Appropriation. So | want to make sure that we are doing that.
Secondly it says that prior to September 1* of each year, the Mayor shall provide in writing to the Board of
Aldermen the estimated amount of anticipated, undesignated general fund balance which the Mayor
proposes to use to reduce the anticipated taxrate. And then he is supposed to provide by Resolution and
it says, "The Board of Aldermen must approve that action by Resolution adopted by 10 members of the
Board on or before the Board’s second meeting in September". So that second meeting in September is
tonight. So we have to do it tonight, except if we don’t do it than the Undesignated General Fund Balance
shall not be used to reduce the anticipated taxrate. So | don’t think we want to do that, so | think we are
under the gun here to do this tonight. We really can’t postpone this. But | want to make sure from
Corporation Counsel that — | think the Memo that we received today although it is dated September 1°, we
just got it today, | think. | was on vacation so | don’t know if it was sent and we just got another copy today
or if today is the first copy. And | just want to make sure we are ok with all of this. | guess | am asking Mr.
Griffin, the Mayor and Corporation Counsel, you know, I just want to make sure we are complying with the
Ordinance and we are ok.
Mayor Donchess
Well in terms of the letter, it is dated September 1 because | signed it on September 1 but you did not get
it. | apologize, | don’t really have an explanation as to why it didn’t get to you: it was finished. Mr. Griffin
had prepared it, | signed it, but for wnatever is going on, it was intended to go to you then but it didn’t. And
we realized that it hadn’t so we sent it to you when we figured that out. So | apologize that it’s late getting to
you but it was done on September 1.
Alderman Jette
Ok and as far as the basis that we are using, are we basing it upon the Fiscal Year Appropriations plus the
State Enhanced Education Amount and the Local School Net Tax Commitment and the County
Appropriation, are we doing that correctly?
