Finance Committee Meeting

Finance Committee Meeting Virtual/Teleconference - 2/23/2021 ATTENDANCE: Present: Hons. Sias, Chairman; D. Williams, Vice Chairman; McKnight and Scott, members. Absent: Hon. Hardie Davis, Jr., Mayor. FINANCE 1. Motion to approve the minutes of the Finance Committee held on February 9, Item 2021. Action: Approved Motions Motion Motion Motion Text Made By Seconded By Type Result Motion to Commissioner approve. Commissioner Approve Catherine Smith- Passes Motion Passes Dennis Williams McKnight 4-0. www.augustaga.gov  Finance Committee Meeting 2/23/2021 1:20 PM Attendance 2/23/21 Department: Presenter: Caption: Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY: Finance Committee Meeting VirtuaUTeleconference - zlgl20zl ATTENDANCE: Present: Hons. D. williams, vice chairman; McKnight and scott, members. Absent: Hons. Hardie Davis, Jr., Mayor; Sias, Chairman. F'INANCE 1. Request to approve Augusta Commercial Property Insurance coverage for Item 2021 offered through Affiliated FM, current carrier, for a premium of Action: $584,984 for full blanket coverage and limited flood coverage in-flood prone Approved areas. Motions Motion Text Made By Motion ffi':" Seconded By Result Motion to , apDrove. commissioner commissioner APProve Catherine Smith- Passes vtotion passes Francine Scott McKnight 3-0. 2. Motion to approve the minutes of the Finance Committee held on March 10, Item 2020. Action: Approved Motions Made Seconded Motion f#:" Motion rext By By Result It was the consensus of the committee that this item be approved without objection. 3. Approve Excess Workers' Compensation Insurance with Statutory limits and a $1,000,000 Self Insured Retention (SIR - otherwise known as the deductible) to cover all positions for a premium of $349,048. Safety National Item Incumbent Action: Approved Motions Motion Motion Motion Text Made By Seconded By Type Result Motion to Commissioner approve. Commissioner Approve Motion Passes Francine Scott Catherine Smith- Passes McKnight 3-0. www.augustaga.gov  Finance Committee Meeting 2/23/2021 1:20 PM Minutes Department: Presenter: Caption: Motion to approve the minutes of the Finance Committee held on February 9, 2021. Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY: