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Minutes of the Regular Meeting of Council <br />Monday, June 15, 2020 <br />Page 8 <br />Nk�;��I��IIVE�S <br />Motion to acknowledge receipt of financial reports for May 2020 and to approve of <br />same as submitted. (Finance Department) <br />Mrs. Mills, seconded by Mr. Marquardt, made a motion to acknowledge receipt of financial reports <br />for May 2020 and to approve of same as submitted. (Finance Department) <br />Council President Schutt asked, discussion? <br />Mr. Wynne stated, I just wanted to make a few general comments. The results that you saw for <br />May and for year to date through May were very strong. We experienced the decreases I expected <br />to see during the month in hotel tax, admissions tax, gasoline tax, investment earnings and revenue <br />from our recreation programs. There were no surprises. Looking in June, just before this meeting <br />started, I got a news release from the Regional Income Tax Agency that spoke about their June <br />distributions to municipalities in general being down about 28-29% than where they were last year. <br />Our distribution through June was down about 14%. Most of that was attributed to individuals <br />and net profit tax incorporations so I am just going to assume that that relates to the fact that they <br />pushed the due date for the returns out to July from April and that we will see some of that kind of <br />flip as we get into the month of June but that's yet to be seen. So far, our results are looking strong <br />and I am very pleased at the moment. <br />Council President Schutt stated, thank you Mr. Wynne. Any questions? <br />There were none. <br />ROLL CALL: AYES: All Motion Carried <br />NAYS None Financial Reports for <br />May 2020 Acknowledged <br />And Approved as Submitted <br />Motion to authorize expenditure in the amount of $20,252 to HICAP Renovations for <br />fire hydrant blasting and painting. (Fire Department) <br />Mrs. Mills, seconded by Mr. Marquardt, made a motion to authorize expenditure in the amount of <br />$20,252 to HICAP Renovations for fire hydrant blasting and painting. (Fire Department) <br />Council President Schutt asked, discussion? <br />Mr. Wynne stated, this is in our capital budget. As the Chief mentioned in his memo, it was <br />budgeted at $75,000. He received two quotes, one from HICAP Renovations for $20,252 and the <br />second quote was for $44,820. HICAP has done work in the Village before. We are very <br />comfortable with the job they have done in the past. <br />Council President Schutt stated, thank you, Mr. Wynne. Any questions? <br />