Finance Committee

City of Annapolis 160 Duke Of Gloucester Street Annapolis, MD 21401 Standing Committee Meeting Minutes - Final Wednesday, July 2, 2025 10:30 AM Regular Meeting Mayor John T. Chambers, Jr. City Council Chambers Finance Committee Finance Committee Standing Committee Meeting July 2, 2025 Minutes - Final Call To Order Alderman Huntley called the Regular Meeting to order at 10:35 am. Roll Call Present: 3- Alderwoman Finlayson, Alderwoman O'Neill and Alderman Huntley Approval of Agenda (any changes to the agenda should be made here) Alderwoman Finlayson moved to approve the Regular Meeting agenda. Seconded. CARRIED on voice vote. Business and Miscellaneous Approval of Minutes FC 6.10.25 Special Meeting Minutes Attachments: FC 6.10.25 Alderwoman O'Neill moved to approve FC 6.10.25. Seconded. CARRIED on voice vote. Legislation O-12-25 Prioritizing Affordable Spending Through Expansion of Financial Advisory Commission Duties For the purpose of listing the duties of the Financial Advisory Commission; adding "spending affordability" to review the City's finances so that spending levels align with the City's income, and reviewing projected revenue, debt levels, and long-term fiscal outlook; and generally related to the Financial Advisory Commission. Sponsors: Arnett Attachments: O-12-25 First Reader O-12-25 Legislative Summary O-12-25 Staffing Impact Report O-12-25 Staff Report O-12-25 Fiscal Impact Note Director of Finance Moran was present to answer questions from the committee. Amendment #1- Change "report by October 1, 2025. to "report by October 1, 2026.". No second. No voice vote. Alderwoman O'Neill moved to recommend O-12-25 unfavorably. Seconded. CARRIED on voice vote. City of Annapolis Page 2 Finance Committee Standing Committee Meeting July 2, 2025 Minutes - Final O-13-25 Compensation of Mayor, Alderpersons, and City Manager For the purpose of adjusting the compensation and allowances to be paid to the Mayor, Aldermen and Alderwomen for the term of office commencing on the first Monday in December 2025; and for adjusting the compensation to be paid to the City Manager. Sponsors: Buckley Attachments: O-13-25 First Reader O-13-25 Legislative Summary O-13-25 Staffing Impact Report O-13-25 Staff Report O-13-25 Fiscal Impact Note CA-1-25 First Reader Alderwoman Finlayson moved to recommend O-13-25 favorably. Seconded. A roll call vote was taken. The motion CARRIED by the following vote: Aye: 2- Alderwoman Finlayson and Alderwoman O'Neill Nay: 1- Alderman Huntley General Discussion ID-18-25 Finance Department Update Attachments: FD Report to Fin Comm 1-8-25 FD Report to Fin Comm 1-22-25 FD Report to Fin Comm 2-19-25 FD Report to Fin Comm 2-26-25 FD Report to Fin Comm 3-19-25 Acting City Manager Guild and Director of Finance Moran were present to answer questions from the committee. Adjournment Upon motion duly made, seconded and adopted, the Special Meeting was adjourned at 11:05 am. Kalyn Jackson City Council Associate City of Annapolis Page 3 Finance Committee Standing Committee Meeting July 2, 2025 Minutes - Final Anyone needing reasonable accommodation to be able to participate in a public meeting held by the City of Annapolis should contact Kalyn Jackson at 410.263.7030, by MD Relay (711), or by email at kajackson@annapolis.gov at least five days prior to the meeting date to request assistance. We encourage citizens to attend and participate in City Council Meetings. If you are unable to attend, the meetings can be viewed live on Channel 99/100 for all Comcast subscribers and on Channel 34 for Verizon customers. The meeting can also be viewed on computer and mobile devices by going to http://bit.ly/1gCd4pL, and on Facebook by selecting: http://www.facebook.com/CityofAnnapolis and on Youtube by selecting: http://www.youtube.com/CityofAnnapolis during the meetings. If you miss the live meeting, recordings are available for viewing on http://www.facebook.com/CityofAnnapolis and http://www.youtube.com/CityofAnnapolis. City of Annapolis Page 4