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r• , VMiK % - PUINIIKAIJCR - WKUNKSDAY, OCTOBER I. IM DCCA energy conservation loans Changes in the Department of Commerce and Community Affair's Energy Conservation Loan program mean small businesses can now borrow up to 16,000 tor lOjrears interest free. , Under ti»e amended program, once a small business has Secured a loan for eneri conservation measures tl Illinois Small Business Growth Corporation (ISBGC) will contribute 40 percent of the principal with no interest charge, thus reducing the applicant's overall interest payments. The maximum eligible loan of $15,000 over 10 a business can ive up to |6,000Interest five towards ISBGC mooey with conventional WnenHnghHhga the interest rate of the overall loan down to about t.S Krcent,"DCCA Director chael T. Woelffer said, "Originally, we had planned to contribute only 20jperoent of the overall loan over rive years. We find the amendments wfll make the program more attractive to more small business owners." Loans can be used for a variety of energy conservation projects such as more efficient heating or air conditioning, thermostatic controls and other measures that will result in long-term energy savings for the company. To qualify for a loan a *6 millioi income o . Persons must.have assets of million with a net of less than $2 before applying million. tiki i for a The money used to ftind the find tthff of the energy assistance program comes from *30,000 the state received from the so- called . "oil overcharge" settlement between the federal government and some major oil companies. DCCA also provides free many businesses have a 10-25 percent saving in energy costs. He said the department will also be conducting workshops across the state periodically to demonstrate energy saving there to any samll business. Woelffer estimates that as a result of the DCCA-conducted free energy The first two workshops are scheduled to be held in Rockford Oct 25 and in Peoria Nov. 2. For more information about the loan program, energy audits, workshops or other energy conservation programs for small businesses, persons should contact Jeff Mitchell DCCA at 1-800-252-2*23 or r e g i o n a l m a r k e t i n g representatives in the Chicago area at 312-793-6649. Bureacracy hikes the cost of homes Government bureaucracy at all levels accounts for up to 30 of the cost of a new t. Building costs account for much of the red tape. For example, many areas have minimum lot size restrictions. Smaller lots would save land and reduce costs for streets, sewers and right-of-ways. Standards for streets and related site improvements often add thousands of dollars to the cost of a new home. When engineers, builders, government officials and construction trades put their heads together, a good solid home can be built for much less than present construction methods. This is especially important in view of escalating costs. More realistic building costs can reduce the cost of remodelling existing homes as well. Particularly with regard to new, more efficient methods and materials.. Lumber costs can be cut by oermitting trusses, walls and floor joins to be framed 24 inches on center instead of 16 inches which is common in older homes. Concrete dabs can be cut from 3* inches to 2 to inches. Other cost saving ideas include: -Plywood box beams instead of solid wood or concrete in door and window headers; - Single top plates on walls; - under the floor open space for heating or cooling which eliminates the need for ducts in While required slow in coming is (t into account) are ^^^are reasonable building codes (taking today's technology needed to lower the cost of home remodelling as well as construction. Special legislative award given to Arnold J. Rauen the Illinois League of Savings Institutions (formerly Illinois Savings and Loan League) immediate past chairman, Thomas K. Matey, chairman of Chicago's Pathway Financial, a Federal Association, at the league's 104$ annual convention in Nashville, Term. In honor of Rauen, the legislative award (the first of its kind ever pressnf«l by the league) will henceforth be known as the Arnold J. Rauen Legislative Commendation award. Its purpose is to recognize Illinois savins and loan executives for outstanding legislative work at the state ana national level. BUSINESS BRIEFS EARNS CERTIFICATE Dealtors JVECORD Kathy Cleaners, her course Illinois M< State of Mr. Den's received from the Pabricare Association (ISFA) the successful course in spotting drycleaning. following completion of a spotting and ARNOLD RAUEN Arnold J. Rauen, chairman and chief executive officer of the Bank for Savings and Loan Association, Chicago, recently was presented an award for ms many years of work on behalf of the savings and loan business in the field of savings and loan presenting the award, v commended Rauen for 1° Maley his outstanding legislative c o n t r i b u t i o n s a n d accomplishments and praised Urn for his willingness to give generously his time and support when needed. The Illinois League of Savings Institutions is the trace legislation. presentation was made by association which state's 281 savings asffonatiftns and the loan attics; and -modular room size for a minimum of wasted space. Another interesting idea is the acceptance of polybutylene pipe in some building codes instead of copper wtaCfi results 'in an average savings of 44 percent on plumbing costs. Polybutylene pipe is flexible, can accommodate almost any turn and requires fewer connections. AT BUSINESS CONFERENCE Gene Jatiuschik, district agent Toronto, Canada. He services for the Prudential inmf the Jotmsburg, McHeni Company, attended his tenth according to the < regional business conference in manager, John Jasinsld, Sr. try area, district Trends in the tax service addressed by accountants NEW PROCEDURE State Treasurer James H. Donnewaid announced last week the start of a new process to accelerate the channeling of utility tit info interest-bearing state accounts. In cooperation Department of with the Revenue, , I , McHenry man tops weight losing program progrt Interm Ken Losch lost 32 to I all men in weight tan employee fitness _ ram conducted by srmatic Inc., an automatic timer and outdoor lighting manufacturer. Losch drives the company car among his other duties at the plant. The top female weight loser was Betty Jorgensen, a motor assembler, who dropped 36 to 1. pounos Nearly 500 of the company's 1,100 employees participated, losing a total of 2,215 to pounds, more than a ton of weight, over a six-month period. One hundred and thirty-five employees lost at least 10 pounds and were awarded $50 apiece, a total of 16,750. Losch, 43, who lives in said his success was 'tteseidee. "Before I was "beat" i yards. But now I run three miles S to 4 times a week with no problems." Loach's avoirdupois decreased to 197to pounds from 230. Donnewaid said he has contracted with a major Chicago bank to operate a lock­ box collection and processing facility for the State of Illinois. About $600 million a year in utility taxes should be collected under this new procedure. AT SALES SEMINAR Timothy J. Low of Frank Low Insurance, inc., McHenry, attended a Sales and Marketing Management Seminar sponsored by the Independent Insurance Agents of Illinois recently. The Independent Insurance Agents of nimnfo provide regular educational programs for insurance agents Larry Booster recently returned from the National of Public Accountants convention in Anaheim, Calif., where he represented the McHenry County chapter of Independent Accountants Association of Illinois. Highlights of the convention included an address by the commissioner of the Internal Revenue Service, Roscoe L. Egger Jr., on changes and trends within the service. Robert P. Levoy addressed the members on Practice Development in Today's Competitive Environment. One of the more controversial highlights of the convention was the NSPA's adaptation of GATAP(Generally Accented Tax Accounting Principles). This adaptation effects the presentation of financial statements in accord with the Tax Law and Code and will be of extreme interest to investors and lending institutions. Seminars are neing planned in the near future to 4nform practitioners of the effect of this action on their practices. Any accountant in the area interested in information regarding the National Society of Public Accountants or the Independent Accountants Association of Illinois is welcome to contact Larry Booster. Hie next scheduled meeting will oe neta Oct. li. The program will be by Craig Smith on the accountant and use of the computer in his practice. Reservations may be made by contacting Larry Booster 3B- 5890. Shirley Harms, 386-3074, or Ken Martin, 45*0707. spur t j eon s MARKET flACI JSt-4100 Having a Baby? Save 25% Sunday, Ort. 9th I r Family Hairstyling Center 385-4520 Mon.-Fri. 8-8 Sat. 8-3 » Save! Curtty* for the Crib 'n Cradle Set 25% on Son Care pretolded Birdseye dia­ pers; dor reg. $11 ®-27 150 Liners, reg. $4.25 3.17 Clbth Diaper*, 21x40" gauze, doz. reg. $13 Stretch Weave Diapers; doz. reo_ $13 9.T7 s>>: Snap Side Shirts, white and prints. reg. $2 1-47 Training Pants, reg. $1.55-$175 fWf 7:1.17 and 1.27 ' ̂ fitted Crib Sheeta, no-iron prints, reg. $5.25 3.S7 Entire Stock New Fall Maternity Tops and Pants 25% on Reg $9-$32 Outfit yourself now and save on smart fashions for the months ahead Enjoy easy- care tops that say "Baby 84" or have perky appliques. Team with pants of denim, stretch denim or polyesters in new fall and basic colors. Also see our complete selec­ tion of Levi's' maternity pants! We Stock: •Nursing Gowns. •Nursing Bras •Maternity Panties •Maternity Pantyhose [W4 Crib Blonk by Chatham t A S i 9 0 0 V a l u * 2 $ev**7% A full 40 x 45, 100% acrylic with 100% nylon binding. Slight irregulars in assorted solid colors Save 25%! Our Entire Stock of Health-Tax* 8*42* Reg. $11-$17 Save now! Pick our hew coveralls, slack sets, jogging suits, dresses in carefree poly cotton knit and corduroy. In stripes, polka dots, solids and patterns -- brights and new fall colors! Infants sizes 3-24 months, boy and girl toddlers 2-4. Hurry' OPEN SUNDAYS 10TO5 A Great Time to Join! 25% - OFF ALL NEW YMCA ACTIVITY MEMBERSHIPS* October 14,15,16 ONLY - NORMALLY NT. 14-16 •YOUTH 7-17 *44 *33.00 •YOUNG ADULT 11-25 AND RETIRED *75 '56.25 •ADULT *105 '78.75 •Y0UN6 FAMILY*/ *145 '108.75 SINGLE PARENTS FAMILY *145 '108.75 •RETIRED COUPLE '145 '108.75 •REGULAR FAMILY *195 '146.25 • Family with no youngsters over six years of age. Tl M V. v - i 0 1 •Activity memberships include access for one full year to our pool and exercise facilities. They also include reduced rates on all of our fitness and aquatic programs and racquetball court fees. ̂ CONDITIONS Must not have been a Lake Region YMCA member during the past 12 months. Cash, Check or Mastercard/Visa. No payment plans LAKE REGION YMCA 7315 South Rt. 31 Crystal Lake, IL 60014 OFFICE HOURS: Oct. 14 S:00a.m..9:00p.m. Oct 15 S:00a.m.-S:00p.m. Oct. 16 l:00p.m.-6:00p.m. 815-459-4455 Serving all of McHenry County