File #: 250088    Version: 2 Name:
Type: Request Status: Passed
File created: 2/17/2025 In control: Village Board of Trustees
On agenda: Final action: 3/6/2025
Title: Recommendation of Proposed Three (3) Year Waterfall Suspension to the Pension and Economic Development Fund Reserves Recommendation from the Finance & Administration Committee to suspend the Waterfall to the Pension & Economic Development Fund Reserves for three years (2024-2026) to prioritize funding of the Building Reserve Fund for construction of a new Public Safety Building.
Attachments: 1. Proposed 3 Year Waterfall Suspension to Pension and Economic Development Reserve Funds.pdf, 2. BOT_3-06-25_Leg#250088_3 Year Waterfall Suspension to Pension and ED Fund Reserves, 3. Cover Page 250088

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Recommendation of Proposed Three (3) Year Waterfall Suspension to the Pension and Economic Development Fund Reserves

Recommendation from the Finance & Administration Committee to suspend the Waterfall to the Pension & Economic Development Fund Reserves for three years (2024-2026) to prioritize funding of the Building Reserve Fund for construction of a new Public Safety Building.

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