1998-03A:
RESOLUTION NO. 98 -3tv
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WHEREAS, WILLIAM H. BRIMM HAS SERVED AS THE CHIEF FINANCIAL OFFICER, IN THE VILLAGE OF BUFFALO GROVE FOR 20
YEARS, SINCE 1978, AND of
WHEREAS, DURING HIS TENURE, HE HAS ESTABLISHED, PLANNED AND /OR IMPLEMENTED MANY OF THE FINANCIAL AND FISCAL
MODELS, SYSTEMS AND PROGRAMS NOW USED BY THE VILLAGE, -SUCH ASS' -,,
a`
• THE DEVELOPMENT OF A REAL ESTATE TAX FORECASTING MODEL AND PROGRAM WHICH HAS CUT THE PROPERTY TAX RATE IN
HALF OVER A 10 YEAR PERIOD,.,STABILIZING PROPERTY TAXES AND REDUCING THE VILLAGE'S DEPENDENCE ON PROPERTY
TAXES IN THE FUTURE; <,a 1. • THE RECOMMENDATION OF A TAX ABATEMENT PROGRAM WHICH COVERED DEBT AND OTHER FUNDS WITH PAYMENTS BEING
MADE FROM OTHER REVENUE SOURCES SO AS TO ABATE $44,450,000 OVER THE PAST 20 YEARS;
• THE DEVELOPMENT OF AN INDIVIDUAL FINANCING MODEL KNOWN AS THE LONG RANGE FINANCIAL PLAN AS WELL AS THE
DEVELOPMENT OF A CAPITAL'`IMPROVEMENT BUDGET FOR THE VILLAGE, WHICH SERVES AS A 5-YEAR PLAN DOCUMENT;
• SERVING AS A CHARTER MEMBER OF THE INTERGOVERNMENTAL RISK MANAGEMENT AGENCY, A VERY HIGHLY SUCCESSFUL
POOLED SELF-INSURANCE GROUP, AS WELL AS SERVING AS A CHARTER MEMBER OF IMET, THE ILLINOIS METROPOLITAN
INVESTMENT POOL; AND j
WHEREAS, HE HAS, DURING HIS TENURE, AND IN A HIGH GROWTH ENVIRONMENT, CONSISTENTLY STRIVEN TO PURSUE
EXCELLENCE IN MATTERS OF VILLAGE FINANCE BY:
• PARTICIPATING IN VARIOUS FINANCINGS, INCLUDING ISSUANCE OF OVER $95,185,000 IN DEBT OF WHICH OVER 62%
HAS BEEN RETIRED, WITH NO BORROWING PLANNED FOR THE FUTURE;
• IMPROVING THE'OVERALL BOND RATING OF THE VILLAGE FROM UNRATED TO AA WITH EACH OF THE MAJOR RATING HOUSES;
• CONTRIBUTING HIS SUPPORT AND EXPERTISE TO REGIONAL AGENCIES OF CRITICAL IMPORTANCE TO VILLAGE OPERATIONS,
SUCH AS THE SOLID WASTE AGENCY OF NORTHERN COOK COUNTY, THE NORTHWEST WATER COMMISSION AND THE ILLINOIS
PERSONNEL BENEFITS COOPERATIVE;
• SERVING AS AN ENTHUSIASTIC PARTICIPANT ON THE MANAGEMENT TEAM, TAKING ON VARIED TASKS AND DUTIES FROM
BUFFALO GROVE DAYS LIAISON ASSIGNMENTS TO STAFF CONSULTING SUPPORT, THE DEVELOPMENT OF THE CENTRAL
GARAGE RESERVE PROGRAM, AND MISCELLANEOUS BUDGET SUPPORT;
• SHEPHERDING SUCCESSFUL BUDGETS THROUGH EACH AND EVERY YEAR, IMPROVING THE VILLAGE'S OVERALL FUND
POSITION AND MEETING OR EXCEEDING BUDGET OBJECTIVES; AND
WHEREAS, HE HAS MET THOSE OBJECTIVES IN A HIGH GROWTH ENVIRONMENT IN WHICH THE EQUALIZED ASSESSED VALUAT ON
INCREASED FROM $88, 100,000 IN 1977 TO $927,000,000 IN 1997; AND
WHEREAS, BILL HAS CONSISTENTLY RECEIVED RECOGNITION WITHIN THE FIELD OF GOVERNMENT FINANCE, RECEIVING 1 5 GFOA
CERTIFICATES FOR EXCELLENCE IN FINANCIAL REPORTING.
NOW, THEREFORE, 1, SIDNEY H. MATHIAS, VILLAGE PRESIDENT, ALONG WITH THE BOARD OF TRUSTEES EXTEND TO WILLIAM
BRIMM OUR SINCERE APPRECIATION FOR 20 YEARS OF OUTSTANDING SERVICE TO THE VILLAGE OF BUFFALO GROVE.
AYES: 6 MARIENTHAL, REID, RUBIN, BRAIMAN, HENDRICKS, GLOVER
NAYS: 0- NONE
PASSED: JANUARY 19, 1998 APPROVED: JANUARY 19, 1998
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VILLAbe CLERK IDNEY H. MATFWA, VILLAGE PRESI