June 21, 2024


Costing Accounting Everyday

County looking at salaries, land bank issues | News

A income discussion for tech expert services, unexpected emergency administration company, treasurer and auditor is on the agenda for a Vermilion County Board committee conference this week.

Vermilion County Board members are getting a special Finance and Staff Committee assembly at 5 p.m. Tuesday at the Vermilion County Administration Developing, 201 N. Vermilion St., 2nd floor.

The committee has currently talked over salaries for building and floor (upkeep and housekeeping) departments.

In other county board information, a Central Illinois Land Lender Authority ask for for $500,000 in American Rescue Plan Act resources was pulled from the board’s agenda previous 7 days. The funding is proposed for a Home-owner Rehab Software to supply cash to revenue-qualified owner-occupants to aid with fix, rehabilitation and reconstruction of their households in Vermilion County.

In accordance to Feb. 14 Finance and Staff Committee assembly minutes, Board Chairman Larry Baughn is hunting for a way to take care of the concern of having to pay the land bank director. An exterior auditor mentioned the county could no lengthier pay out the director by way of W-2, but wants to be compensated as a 1099 and to have a W-9 signed to shell out as a seller. The land financial institution hadn’t nonetheless signed the W-9.

According to land bank director Mike Davis, there are some essential organizational challenges to be addressed with the county.

According to Davis, the county’s auditing organization flagged the land bank as a “risk” on the audit last calendar year.

All of CILBA’s grants are reimbursable with Illinois Housing Advancement Authority state funding, so the county was floating payroll and then CILBA reimburses with point out grant money, Davis mentioned through an e mail.

“So we may will need to take a look at just performing all accounting/payroll on our possess, so the perceived accounting ‘risk’ goes away. I’m doing the job on navigating this now,” Davis claimed.

Decatur has previously fully commited $500,000 of ARPA money and the land bank executed an agreement with them a handful of weeks back.

If the land lender spends extra than $700,000 of federal money in a yr, then Davis will have to have a full organizational audit done.

He said they will need to function on setting up out organizational devices so long run grant reporting is seamless with no difficulties, specifically for these huge ARPA requests.

Davis said he doesn’t see a delayed ARPA vote as a difficulty.

“We’ll get this sorted out,” Davis mentioned.

CILBA brought in $500,000 of undertaking grants to the county in the previous two yrs and Davis is energized to scale that up.

The land lender prepared on issuing a demolition request for proposals for six properties in Hoopeston. Hopefully they’ll get a contracted signed in the up coming two months, so perform begins in April, Davis said.

According to minutes of the Feb. 14 Vermilion County Board Finance and Staff Committee meeting, State Rep. Mike Marron voiced annoyance with the land lender administration and feels they are pitting counties versus each and every other. There was a bill likely to Springfield with regards to the land bank, but Marron explained he will hold the bill right up until this receives solved.

Vermilion Benefit President and CEO Tim Dudley stated he echoed Marron’s opinions, in accordance to the minutes. He had worries about the land bank’s transfer of land for the Southern Illinois Healthcare Basis psychological overall health facility.

Vermillion County Treasurer Darren Duncan also agreed with Marron’s and Dudley’s feedback, according to the assembly minutes. Duncan sits on the land financial institution board and said he urges the county not to invest income in the land lender till all challenges are settled.