Town of Cedar Lake, Lake County, Indiana

Minutes of the Board of Finance

Date: January 23, 2024

Special Public Meeting Advertised for: 7:00 PM

Location: Cedar Lake Town Hall

Pledge of Allegiance

Roll Call

Ward Representatives

• Robert H. Carnahan, Ward 1, Council Member - Present
• Julie Rivera, Ward 2, Council Member - Present
• Nick Recupito, Ward 3, Council Member - Present
• Chuck Becker, Ward 4, Council Member - Present
• Greg Parker, Ward 5, Council Member - Present

At-Large Representatives

• Mary Joan Dickson, At Large, Council Member - Present
• Richard C. Thiel Jr., At Large, Council Member - Present

Town Officials

• Jennifer N. Sandberg, IAMCA, CMC, CPFIM, Clerk-Treasurer - Present
• Jeff Bunge, Town Manager - Present
• David Austgen, Town Attorney - Absent (Ryan Deutmeyer was present)

Election of Officers

1. Board of Finance President

Mary Joan Dickson nominated Nick Recupito. A second was made by Richard Thiel. No other nominations received.

Roll Call Vote: Carnahan – Yes, Rivera – Yes, Recupito – Yes, Becker – Yes, Parker – Yes, Dickson – Yes, Thiel – Yes. Vote: 7-0.

2. Board of Finance Secretary

Mary Joan Dickson nominated Julie Rivera. A second was made by Chuck Becker. No other nominations received.

Roll Call Vote: Carnahan – Yes, Rivera – Yes, Recupito – Yes, Becker – Yes, Parker – Yes, Dickson – Yes, Thiel – Yes. Vote: 7-0.

New Business

1. Approval of the January 26, 2023 Meeting Minutes

A motion to approve was made by Julie Rivera. A second was made by Richard Thiel.

Roll Call Vote: Carnahan – Yes, Rivera – Yes, Recupito – Yes, Becker – Yes, Parker – Yes, Dickson – Yes, Thiel – Yes. Vote: 7-0.

2. Approval of the 2023 Financial Report

Clerk-Treasurer Sandberg reported for the year 2023 there were no investments. She stated she included in their packet a Cash Summary by Fund Report for year 2023. She stated she also included a history of the cash balances of the General Fund from 2019 to 2023. She stated she is not required to provide that for this meeting. She again stated there were no investments for the year 2023. A brief discussion continued.

A motion to approve the 2023 Financial Report was made by Chuck Becker. A second was made by Richard Thiel.

Roll Call Vote: Carnahan – Yes, Rivera – Yes, Recupito – Yes, Becker – Yes, Parker – Yes, Dickson – Yes, Thiel – Yes. Vote: 7-0.

Public Comment

None

Adjournment

President Recupito called the meeting to adjournment at approximately 7:42 PM.

Minutes Transcription Notice

The Minutes are transcribed pursuant to IC 5-14-1.5-4(b), which states:

(b) As the meeting progresses, the following memoranda shall be kept:

1. The date, time, and place of the meeting.
2. The members of the governing body recorded as either present or absent.
3. The general substance of all matters proposed, discussed, or decided.
4. A record of all votes taken by individual members if there is a roll call.
5. Any additional information required under section 3.5 or 3.6 of this chapter or any other statute that authorizes a governing body to conduct a meeting using an electronic means of communication.