City of North Chicago Finance Audit Committee met Feb. 17.
Here is the minutes provided by the committee:
Alderman Runnels called the meeting to order.
ROLL CALL:
Present: Fisher, Mayfield, Evans, Allen, Markham, Runnels Absent: January
I. DISCUSSION OF AUDIT PRESENTATION (DAN BERG, PARTNER @ SIKICH)
Alderman Evans left at 6:42 p.m.
Dan Berg, Partner @ Sikich explained it was their 1st audit with the City, the build out files in May and testing in September. The certificate of achievement was the intro section, the City’s first submission, the Library had their own report, revenue was a new act of standard, and an actuary was hired.
Alderman Allen questioned if the rating assisted the City. Mr. Dan Berg, Partner at Sikich stated they had good management skills.
Alderman Evans returned at 6:47 p.m.
Treasurer, Kenneth Robinson questioned post-employment benefits. Mr. Berg directed him to pg. 43-45. Retirees had more health insurance claims than recently due to electing same health insurance following their retirement. 102% overage could be charged.
II. REVIEW/DISCUSSION ON ENTERPRISE UPDATE:
Mrs. Partipilo explained the enterprise update. The City paid whatever repair shop charged. Most of the reimbursement was received for former field contamination last May. Currently it has been refunded at 100%.
Alderman Allen moved, seconded by Alderman Markham that Finance/Audit Committee Meeting stand adjourned.
MOTION CARRIED BY VOICE VOTE
Alderman January was absent.
The Meeting adjourned at 6:53 p.m.
https://www.northchicago.org/vertical/Sites/%7B52959CF2-969E-41D9-A9CF-CF0A11D0BEA9%7D/uploads/COM.2.17.20.pdf
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