Special Bd. of Aldermen — 02/27/2017 Page 16
When | refer to the $1.7 million as unrestricted, it hasn’t been tied yet or ask the Board of Aldermen to approve
these sets of vehicles.
President McCarthy
So we’ve basically been carrying a $750,000 unexpended fund balance plus the yearly supplement to pay for
the yearly expenses?
Mr. Griffin
Correct.
Alderwoman Melizzi-Golja
And that’s fine. | just think people need to know and if there are vehicles we anticipate purchasing or if there is
anything in the future we think we’re going to use this money for what this means. We have had discussions in
the past about bonding for vehicles, and using CERF money, and | just think the new members of the Finance
Committee should understand the history of this including whether or not there was anything in last year’s
budget. | was just kind of being global in terms of them understanding what this means.
Alderman Dowd
We can also get an overview of the request from the various departments for anything that would be coming
out of CERF in this year’s budget.
President McCarthy
| also don’t think the Board should overlook the fact that doing this is going to make it a rocky year for the
budget in order to equalize the tax rate and not give sticker shock to most of the residents. We're going to
have to be fairly conservative about budgeting and offset some of it with the surplus and contribution to fund
balance. Any other questions, comments? Is there a motion?
ADJOURNMENT
MOTION BY ALDERWOMAN MELIZZI-GOLJA TO ADJOURN
MOTION CARRIED
The meeting was declared adjourned at 8:15 p.m.
Susan Lovering
Legislative Affairs Manager
