Finance committee recommends FY27 appropriation ordinance, schedules June 1 public hearing

The finance committee voted to recommend the Fiscal Year 2027 appropriation ordinance to the board and set a public hearing for June 1.

The recommendation follows staff review of the appropriation and budget documents; staff reported a corrected line item (Gilego Services reduced to $14,000 from $15,000 and a related line reduced to $16,800), which changed the police protection appropriation to $1,490,610 and the grand total appropriation to $8,103,360. "I went back through the appropriations to make sure everything matched the budget," a staff member said, noting the corrected figures.

The committee discussed the difference between the appropriation and the budget, with staff explaining that the appropriation is often set above the budget (a typical contingency factor is about 10%, with larger multipliers applied to some items such as legal fees). Staff also explained where certain insurance and budget lines appear on the published pages so trustees can reconcile totals.

Committee members and staff agreed on publication logistics: the public hearing will be posted and published at least 15 days in advance, with the hearing scheduled for June 1 and final board action expected after the public hearing. The staff member said the appropriation paperwork will be posted on the village door and published in the local paper as required.

A committee member moved to recommend approval; the motion was seconded and carried by voice vote. The chair read the vocal 'ayes' during the roll call and declared the motion passed. The committee did not record a roll-call tally in the minutes beyond the voice vote on the recommendation.

Next steps: the recommended appropriation will be posted for public review, presented at the June 1 public hearing, and returned to the board of trustees for final approval after the hearing.