City of Peru Finance & Safety Services Committee met March 2.
Here is the agenda provided by the committee:
ROLL CALL: ALDERMAN RADTKE CHAIRMAN, ALDERMEN SAPIENZA, PAYTON AND BUFFO, MAYOR HARL
I. REVIEW OF THE MINUTES OF THE FINANCE & SAFETY SERVICES COMMITTEE MEETING OF FEBRUARY 17, 2020
II. REVIEW AND APPROVE THE PROPOSED DISBURSALS
III. PRESENTATION
IV. OLD BUSINESS
Justin Miller, Finance Update
Investment Strategy
Discuss reinvestment of reserves on the council agenda:
• Reinvest $400,000 in LaSalle State Bank for 36 mos at 1.77% (General
Fund Operating Reserve)
• Reinvest $50,000 in Axos Bank for 24 mos at 1.55% (Electric Fund Reserve)
Long-term Financial Plan
• Discuss capital project listing in connection with FY2021 Budget Grant Updates
• Update on Market Street Watermain Loop (CHS/Northern Partners)
Fiscal Year 2021 Budget
• Discuss First Draft of FY2021 Budget (Handout)
Kim Reese, Human Resource Update
• Discuss Converting Military Service Time with IMRF
• Employee Handbook
• Drug & Alcohol Policy
V. NEW BUSINESS
Discuss/approve $500.00 donation to Cops 4 Cancer
VI. PUBLIC COMMENT
VII. CLOSED SESSION
VIII. ADJOURNMENT
https://www.peru.il.us/city-government/agendas/finance-and-safety-services-agenda/2020-fs/4767-finance-and-safety-services-agenda-03-02-20/file
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