6.
7.
Public Comment
None.
Monthly Financials (K. Hopkinson)
Monthly Finance Reports
A.
Fin. Exec. Dir. Hopkinson stated the monthly financial reports were on file. She
explained that FY2024 has come to a close and FY2025 began on December 1,
2024. The Finance Department is currently in the process of closing the FY2024
financial books, which will take a few months to do as remaining invoices are
received. Hopkinson noted that the financial numbers that are presented at
today's meeting will change, but will provide a good idea on where the County is,
financially. She reviewed the Revenues - All County Funds - Budget to Actual.
The FY2024 amended revenue was $418M. To date, the County has brought in
$251M. Hopkinson reviewed the revenue categories. She noted that the majority
of funds are within budget. She reviewed the Expenses - All County Funds -
Budget to Actual. The FY2024 amended expenses were $418M. To date, the
County has expended $265M. Hopkinson reviewed the expense categories. She
noted that the majority of the funds are within budget. She explained that once
the Finance Department is able to utilize the forecasting software, it will provide
a better financial outlook for the County. Hopkinson explained that a few of the
County's funds could have budgeted revenue transferred to help cover
expenses. However, the majority of the government funds are restricted, such as
the Capital Fund, that will not allow this. She shared the County's General Fund
Revenues - Budget to Actual. This fund has the majority of the County's salaries
and is funded by sales taxes. Hopkinson reviewed the contents of the County's
revenue funds. The amended FY2024 budget was $125M. To date, the County
has gained $100M. Hopkinson believes that the County will come in under
budget. She reviewed the General Fund Expenses - Budget to Actual. The
FY2024 amended budget was $125M. To date, the County has expended
$114M, which is believed to remain under budget. Hopkinson explained that
beginning January 1, 2025, County elected officials will need to do competitive
bids for items over $30K as described in 55 ILCS 5/5-1022. This is a new state
statute. Hopkinson addressed questions and comments from the Committee.
Much discussion ensued.
8.
PIO Update (J. Mann)
PIO Mann provided an update on the activities of her office. She explained that a press
release was published in the Daily Herald and Beacon News regarding the County
Board vacancy for District 7. She thanked County Board member, Bill Roth, for his
feedback on improvements that could be made to Kane County Connects. She asked
that if the Committee has any further feedback to contact her. At the request of
Chairman Pierog, Mann will be assisting with media production for educational
elements regarding the upcoming referendum. Mann discussed the need for direction
on the type of proclamations the County Board would like to support. She reviewed the
community outreach that has occurred, such as the Red Cross blood drives and
meetings with the Illinois Secretary of State and the Illinois Tollway. Lastly, Mann spoke
on the Kane County Connects article that referenced a keepsake box of a late veteran.
She explained that two constituents have contacted her to find the next of kin of this