Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available. Details Meeting Name: Finance & Administration Committee Agenda status: Final Meeting date/time: 2/24/2025 6:00 PM Minutes status: Draft   Meeting location: Village Manager's Office Conference Room Published agenda: Agenda Published minutes: Not available   Meeting video: Not available   Attachments: Meeting Items (2) 2 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: Legislation only Legislation only All agenda items File # Ver. Agenda # Name Type Title Action Result Action Details Video 250088 2     Request 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.     Not available Not available 250089 1     Ordinance Recommendation of Proposed $1 Million Transfer from the Hotel/Motel Tax Fund to the Building Fund and An Ordinance Amending the Village's Fiscal Year 2025 Budget to Account for the $1 Million Transfer of Funds. Waiver of first reading is requested. (2/3 vote of Corporate Authorities required, 5 of 7) Recommendation from the Finance & Administration Committee to transfer $1 million from the Hotel/Motel Tax Fund to the Building Fund for construction of a new Public Safety Building.     Not available Not available