Finance Updates

At the Vermilion City Council Meeting on Monday, February 24, 2020, Amy Hendricks, Finance Director, provided City Council with the most recent revisions of the Appropriations and Certificate of Estimated Resources, which must be submitted to the County by March 15, 2020. The final reading of Ordinance 2020-5 will be on March 2, 2020. The changes include:

Appropriations Increase:

• Fund 101 - $150,000 for Grand/Liberty Parking Lot project, $2,400 for Building Dept. certification exams/training expenses 
• Fund 411 - $20,000 Contracted Services in Capital Fund

Estimated Resources Increase:

• Fund 101 - $15,000 Pool Donations from Parks for 2020 Season 
• Fund 101 - $13,300 NOPEC Energized Community Grant for parking lot lighting 
• Fund 201 - Additional $65,000 for Fuel Tax revenue based on actual Jan/Feb receipts over $50,000 per month

Council President Steve Herron asked what the administration’s position was on the pool at this time – does this administration believe the City should be paying for the services of the pool. Mayor Forthofer said the pool subcommittee has said they would like to operate minimally this year. They will be able to use the same pool heater as last year. Additionally, the cost of operation will be split between the General Fund and the Parks Operating Levy. He set a goal for this time next year for the Pool Subcommittee to have a recommendation of what the future of the pool will be.