Barrington Park District Finance Committee met Dec. 16.
Here is the minutes provided by the committee:
The Board of Park Commissioners, Barrington Park District, Lake and Cook Counties, Illinois, held a Finance Committee meeting at Langendorf Park, 235 Lions Drive. Commissioner Knapik called the meeting to order at 6:30 p.m.
I. ROLL CALL
Commissioners present: Commissioners Christine Garry, Linda Hovde, Bill Knapik, and Jim Lundmark.
Absent: Commissioner Jon Stickney.
Staff Present: Executive Director Terry Jennings, Attorney Sue Jantorni, Supt. Sue Mayer, and Recording Secretary Janet McKay.
II. REVIEW VENDOR BILLS
Due to Accountant Howard’s absence, the Committee reviewed the bills presented for payment with Director Jennings and recommended for acceptance after their questions were satisfactorily answered.
III. TREASURER’S REPORT
Director Jennings reviewed the Operating Summary for one month ending November 30, 2019, which is 92% of the year. Total revenue of the budget is at 104% with tax receipts at 99%. She said the year has been moving along nicely with revenue trending up. Expenditures are at 77%. The Corporate Fund shows revenue at 107% and expenditures are at 80%. Parks are at 95%. The Recreation Fund continues to track well with both revenue and expenses consistent. Net revenue is up. KEEP has maintained its phenomenal increase in volume. Investment returns remain relatively low but are invested safely.
VI. ADJOURNMENT
MOTION was made by Commissioner Lundmark, seconded by Commissioner Hovde, to adjourn the Finance Committee meeting at 6:40 p.m.
Voice vote, all in favor. MOTION CARRIED
https://www.barringtonparkdistrict.org/wp-content/uploads/2020/02/12Fin.pdf
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