ACTION REQUESTED:
Title
Communication from the City Manager and Finance Director/Comptroller with a Request to APPROVE PUBLIC OFFICIAL BONDS for the MAYOR, the CITY CLERK, the CITY TREASURER, and the CITY COMPTROLLER From CALLENDER & CO. at a Cost of $9,846.00.
Body
BACKGROUND: The Illinois Compiled Statutes (65 ILCS 5/3.1-10-30) require, before entering upon duties of their respective offices, all municipal officers, except alderman and trustees shall execute a bond with security to be approved by the corporate authorities.
FINANCIAL IMPACT: $10,000.00 included in the 2017 Amended Annual Budget in account 1011221-5063211.
NEIGHBORHOOD CONCERNS: None expressed.
IMPACT IF APPROVED: The municipal officers will be in compliance with the Illinois Compiled Statutes.
IMPACT IF DENIED: The municipal officers will not be in compliance with the Illinois Compiled Statutes.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: 0127-170630
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2014 - 2029 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Financially Sound City Government, Effective City Organization
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Have an efficient government.
DEPARTMENT: Finance