Finance Committee

160 Duke Of Gloucester City of Annapolis Street Annapolis, MD 21401 Standing Committee Minutes - Final Finance Committee Tuesday, April 22, 2014 5:00 PM Mayor John T. Chambers, Jr. City Council Chambers 1. Call To Order The Chair called the Meeting to order at 5:10 pm. Alderman Pfeiffer arrived at 5:13 pm Present: 3- Alderman Pfeiffer, Alderman Arnett and Alderman Paone 2. Legislation before Committee O-7-14 City Budget: Referrals to the Financial Advisory Commission and City Grants to Non-Profit Organizations - For the purpose of authorizing the referral of the annual operating budget and capital budget with the capital improvement program to the Financial Advisory Commission upon introduction of the ordinances before the City Council; revising City standards for making operating and/or capital grants to non-profit organizations; and the reporting process for recipients of operating and/or capital grants. Attachments: O-7-14.docx Staff Report.docx Fiscal Impact Note.pdf Budge Amendment.docx City Council Associate Raftovich discussed the legislation. Mr. Miller discussed the legislation. Alderman Budge discussed some proposed amendments. Alderman Arnett moved to recomend Budge Amentment #1. Seconded. CARRIED on voice vote. Aye: 3- Alderman Pfeiffer, Alderman Arnett and Alderman Paone Alderman Arnett moved to postpone. Seconded. CARRIED on voice vote. Aye: 3- Alderman Pfeiffer, Alderman Arnett and Alderman Paone 3. General Discussion ID-152-14 Reza Jafari, Chairman of the AEDC, Lara Fritts, President of the AEDC, Chip DiPaula, Treasurer of the AEDC, and Chuck Walsh, Board member of the AEDC spoke on the Annapolis Economic Development Corporation. Mr. DiPaula spoke to the organizations budget. Mr. Jafari discussed the activities of the organization. City of Annapolis Page 1 Finance Committee Standing Committee Minutes - April 22, 2014 Final The AEDC representatives answered the Finance Committee questions and offered their written report to the committee. Ms. Fritts discussed the mission of the organization. Mr. DiPaula and Mr. Walsh discussed the organizations work with business permitting. O-9-14 Capital Budget Fiscal Year 2015 - For the purpose of adopting a capital budget for Fiscal Year 2015; and appropriating funds for expenditures for the Fiscal Year 2015 capital budget. Attachments: O-9-14 Signed.pdf O-9-14.docx Capital Improvement Program FY15-20 Proposed.pdf CIP Staff Amendments CIP Funding Plan - June 2014 - rev 3.pdf FY15 Capital Budget - Source of Funds.pdf Littmann Amendment #2 - Watershed Management Plan Arnett Amendment.docx CIP FY2015-2020 Planning Commission Findings.docx Financial Advisory Commission on FY 2015 Budget.pdf Maritime Advisory Board Report.pdf Fiscal Impact Note.pdf Public Works Director Jarrell discussed the CIP. Finance Director Miller discussed the funding of the CIP program. Mr. Miller suggested funding the FY15 CIP with drawdown on the Bond Anticipation Note. Assistant Director of Public Works Patrick discussed the proposed changes to the proposed CIP. Alderwoman Finlayson inquired about Kingsport Park and Acting City Manager Woodward discussed possible state funding for the project. Mr. Chris Tietje, 1209 Barbud Lane, spoke in support of the Barbud Lane project. Mr. George Gallagher, 1212 Barbud Lane, spoke in support of the Barbud Lane project. R-12-14 Capital Improvement Program Fiscal Years 2015 - 2020 - For the purpose of adopting a capital improvement program for Fiscal Years 2015-2020 (July 1, 2014 - June 30, 2020). City of Annapolis Page 2 Finance Committee Standing Committee Minutes - April 22, 2014 Final Attachments: R-12-14 Signed.pdf R-12-14.docx Capital Improvement Program FY15-20 Proposed.pdf CIP Staff Amendments CIP Funding Plan - June 2014 - rev 3.pdf FY15 Capital Budget - Source of Funds.pdf Littmann Amendment #2 - Watershed Management Plan Arnett Amendment.docx CIP FY2015-2020 Planning Commission Findings.docx Financial Advisory Commission on FY 2015 Budget.pdf Maritime Advisory Board Report.pdf Fiscal Impact Note.pdf 5. Adjournment Upon motion duly made, seconded and adopted, the meeting was adjourned at 7:03 pm City of Annapolis Page 3