Finance Committee

City of Annapolis 160 Duke Of Gloucester Street Annapolis, MD 21401 Standing Committee Minutes Wednesday, February 25, 2015 4:00 PM Joint Meeting with Finanical Advisory Commission and Planning Commission Mayor John T. Chambers, Jr. City Council Chambers Finance Committee Finance Committee Standing Committee Minutes February 25, 2015 1. Call To Order Chairman Pfeiffer called the meeting to order at 4:03 p.m. Rollcall Present: 2- Alderman Pfeiffer and Alderman Arnett Absent: 1- Alderman Paone Also in attendance: Fred Sussman Chair, Lee Finney Vice Chair and Bob Burden of the Financial Advisory Commission and Bill Herald, Chair of the Planning Commission. 2. General Discussion ID-78-15 City of Annapolis Capital Projects/Debt Discussion Finance Director Miller gave a brief presentation on the Fiscal Policies and Revenue Bond Analysis. Mr. Joe Mason, Vice President of Davenport & Company LLC., 901 East Cary Street, Virginia 23219 answered questions from the committee. Alderman Budge suggested a resolution to reaffirm the existing budget policies. City Manager Andrews suggested that any future deliberations between the Finance Committee and the Council as a whole on the existing policies will become evident over the next 90 days as the budget is worked through. Alderwoman Finlayson expressed a need to rely on Public Works Director Jarrell for guidance on what the priorities would be as it relates to capital projects. Finance Director Miller discussed the revenue bonds versus general obligation bonds. This Informational Item was presented 3. Adjournment Upon motion duly made, seconded and adopted, the meeting was adjourned at 5:06 p.m. Cyndi Gaines City Council Associate City of Annapolis Page 1