[Adopted as § 2-4-11 of the 2012 compilation of ordinances, as amended through 5-22-2013]
A. 
The Personnel and Finance Committee shall consist of the three longest standing Trustees.
B. 
All members of the Personnel and Finance Committee shall be appointed by the Village President and confirmed by the Village Board. The three Trustee members shall annually be appointed at the Village Board's organizational meeting.
C. 
Vacancies on the Personnel and Finance Committee shall be filled for the unexpired term in the same manner as the appointment for the full term.
D. 
All members of the Personnel and Finance Committee shall serve without compensation.
A. 
The most senior trustee on the Committee shall serve as Chairman.
B. 
The Village Administrator shall keep a written record of the Committee's proceedings to include all actions taken, a copy of such proceedings shall be filed with the Village Clerk-Treasurer. Two members shall constitute a quorum, but all actions shall require the affirmative approval of a majority of all the members of the Personnel and Finance Committee.
C. 
The Committee shall have the power to employ a working staff, together with obtaining such expert assistance as may be necessary, and to pay for their services and such other expenses as may be necessary and proper within the limits of the budget established by the Village Board, or placed at its disposal through gift, and subject to any ordinances, resolutions or policies enacted by the Village Board.
D. 
As far as possible, the Personnel and Finance Committee shall utilize the services of existing Village officials and employees.
The Personnel and Finance Committee shall oversee all personnel and financial operations of the Village, including the hiring, employment policies and dismissal of employees (unless statutorily handled by other committees) at all levels along with the investment of public funds. To that end, the Personnel and Finance Committee is charged with the responsibility to perform the following duties:
A. 
Periodically review the Employee Policy Handbook and suggest changes when necessary.
B. 
Monthly review of any outstanding Village loans in which the Village, IDB or CDA has acted as lender or lendee and make sure they are kept up-to-date.
C. 
Review regular evaluations of managerial level staff, including the Village Administrator, and suggest where improvements could be made.
D. 
Not later than October 15 of each year, the Personnel and Finance Committee shall review the annual Village operational, capital and debt budget as presented by the Village Administrator, and submit suggestions on change to the Village Board for their consideration in development of the succeeding year's budget.
E. 
The Committee shall advise the Village Board as to recommended changes to ordinances governing the use of personnel and/or public funds.
F. 
Have approval and make recommendation to the Village Board on all full-time hiring.