Finance Committee Meeting

Finance Committee Meeting Commission Chamber - 8/31/2021 ATTENDANCE: Present: Hons. D. Williams, Vice Chairman; McKnight and Scott, members. Absent: Hon. Hardie Davis, Jr., Mayor; Sias, Chairman. FINANCE 1. Present the financial reports for the six month period ended June 30, 2021. Item Action: Approved Motions Motion Motion Motion Text Made By Seconded By Type Result Motion to approve Commissioner receiving this item Commissioner Approve Catherine Smith- Passes as information. Francine Scott McKnight Motion Passes 3-0. 2. Motion to approve the minutes of the Finance Committee held on August 11, 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 Francine Scott McKnight 3-0. 3. Motion to approve a request from the Richmond County Sheriff’s Office to Item move funds out of State Drug Forfeiture Account's fund balance. The agency Action: Approved  intends to use this funding to purchase a new vehicle and to use funding for training. Motions Motion Motion Motion Text Made By Seconded By Type Result Motion to Commissioner approve. Commissioner Approve Catherine Smith- Passes Motion Passes Francine Scott McKnight 3-0. 4. Presentation by Augusta's Financial Adviser, Davenport & Company, Item providing an update on Augusta's outstanding bond debt, upcoming bond Action: issuance's and current rating by bond rating agencies. Approved Motions Motion Motion Motion Text Made By Seconded By Type Result Motion to approve receiving this item as Commissioner Commissioner Approve Passes information. Francine Scott Dennis Williams Motion Passes 3-0. www.augustaga.gov  Finance Committee Meeting 8/31/2021 1:05 PM Attendance 8/31/21 Department: Presenter: Caption: Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY:  -ft A Finance Committee Meeting Commission Chamber - 811U2021 ATTENDANCE: Present: Hons. Hardie Davis, Jr., Mayor; Sias, Chairman; D. Williams, Vice Chairman; McKnight and Scott, members. FINANCE 1. Motion to approve the minutes of the Finance Committee held on July 27, Item 2021. Action: Approved Motions Motion Type Motion Text Made By seconded By ffilil Motion to Commissioner approve. Commissioner Approve Catherine Smith- Passes Motion Passes Dennis Williams McKnight 4-0. www.augustaqa.qov  Finance Committee Meeting 8/31/2021 1:05 PM Minutes Department: Presenter: Caption: Motion to approve the minutes of the Finance Committee held on August 11, 2021. Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY:  Mac McAlister Fleet Manager 2158 Washington Road NE, Thomson GA 30824 Ofiice: 706-986-5714 Cell:706-699-1624 8/3/2021 Buyer: Augusta Georgia Cell: 535 Telfair Street Suite 800 Augusta GA 30901 Attn: Kaycee Braswell Phone: Phone: Fax: Fax: Make: Dodge Make: Model: Charger SXT Model: Year: 2021 Year: Color: Smoke Show Color: VIN: 2C3CDXBG5MH608168 VIN: Stock #: 221677 Stock #: Mileage: 10 Mileage: ACV: MSRP $32,065.00 Sale Price $25,813.00 Options Included 3.6L V6 24V VVT Engine 8-Speed Auto Transmission included in price Cloth Sport Seats Carpet Flooring Throughout included in price ParkView Rear Backup Camera 17X7.0 Painted Cast Aluminum Wheels included in price Bi-Function Halogen Projector Headlamp LED Daytime Running Lamps included in price Available Options Options Total Sub Total $25,813.00 DOC Tag Units 1 Balance Due $25,813.00 Manager Mac McAlister Customer  W E S T W A R N IN G E Q U IP M E N T S A L E S & S E R V I C E , L L C QUOTE 115 SAND BAR FERRY ROAD Date Quote # 8/3/2021 6868 Phone # 706-855-6916 Name / Address FIRSTVEHICLE ATTN: TERRI PO BOX 507 AUGUSTA, GA 30903 Qty Item Description Rate Total ADMIN PKG- 2021 DODGE CHARGER-CIVILIAN MODEL 1 FEN-C-4010 FENIEX C-4010 4200 MINI CONTROLLER 120.00 120.00 4 SOU-EMPS2STS3B SOUND OFF EMPS2STS3B MPOWER 4'' STUD 105.00 420.00 MOUNT-SINGLE COLOR BLUE 2 SOU-PMP2WSDDB SOUND OFF PMP2WSDDB DUAL WINDOW SHROUD KIT 25.00 50.00 FOR 4'' LIGHT W/ STUD MOUNT 1 SOU-ETTFK03 SOUND OFF ETTFK03 TAILLIGHT FLASHER KIT FOR A 240.00 240.00 2010-2020 DODGE CHARGER 2 COD-MICROPAK-D... CODE3 MICROPAK-DC-BW DIRECTIONAL LED HIDE A 75.00 150.00 BLAST MULTI COLOR BLUE/WHITE (SIDE FRONT FENDER) 1 FEN-FN-0416-B FENIEX FN-0416-B FUSION 400 LED LIGHTSTICK BLUE 220.00 220.00 (REAR DECK) 2 FEN-FN-4016 FENIEX FN-4016 FUSION L BRACKET 15.00 30.00 1 FEN-C-4014 FENIEX C-4014 STORM PRO 100W SIREN 150.00 150.00 1 FEN-S-2009 FENIEX S-2009 TRITON 100W SPEAKER 125.00 125.00 1 ABL-140553 TRIPLE OUTLET 30.00 30.00 1 TINT WINDOW TINT W/ 6" STRIP 190.00 190.00 1 5LB - 25614 5LB FIRE EXTINGUISHER W/ VEHICLE BRACKET 55.00 55.00 1 LABOR LABOR TO INSTALL ABOVE 1,000.00 1,000.00 This Quote is an offer by West Warning Equipment to purchase Goods and/or provide Services (as applicable) to the recepiant of this quote in accordance with the specifications stated herein. This Sales Tax (8.0%) $0.00 Quote is not binding or accepted until the recepitant supplies West Warning Equipment with a purchase order for the quoted goods and/or serivces. Commencement of purchasing goods and/or providing serives will occur once both parties agree upon a date. Quoted Prices are good for 30 Total $2,780.00 days.  Finance Committee Meeting 8/31/2021 1:05 PM Request to move funds from 2021 State Drug Forfeiture Fund Balance to Vehicles and Training budget Department: Richmond County Sheriff's Office Presenter: Caption: Motion to approve a request from the Richmond County Sheriff’s Office to move funds out of State Drug Forfeiture Account's fund balance. The agency intends to use this funding to purchase a new vehicle and to use funding for training. Background: The Richmond County Sheriff's Office has funding available in the State Drug Forfeiture Account's Fund balance. The Sheriff’s Office would like to use the funding to purchase a new vehicle and provide additional training opportunities for the Richmond County Sheriff’s Office. Analysis: The Richmond County Sheriff's Office would like to purchase a vehicle for the Administration Division. Also, funding will be used for a Fallen Officers event and used for additional training. Financial Impact: The Richmond County Sheriff's Office has funding available in the State Drug Forfeiture Account's Fund balance and RCSO is requesting to move $80,000. Alternatives: None Recommendation: Move the funding in the amount of $35,000 from 212000000- 1342210 to vehicles (212032110-5422110). And, move $45,000 from 212000000-1342210 to Training and Education 212031410-5237110 for Fallen Officer Event and Training. Funds are Available in the Funding is available in account 212000000-1342210. Following Accounts: REVIEWED AND APPROVED BY: Finance. Law. Administrator. Clerk of Commission  Finance Committee Meeting 8/31/2021 1:05 PM Update- Augusta's bonds and bond ratings Department: Finance Presenter: Timothy Schroer, Deputy Finance Director Caption: Presentation by Augusta's Financial Adviser, Davenport & Company, providing an update on Augusta's outstanding bond debt, upcoming bond issuance's and current rating by bond rating agencies. Background: Periodic updates are provide to keep the commission abreast of Augusta's status in the bond market and upcoming bond issuance's. Analysis: There is the potential for several bonds to be issued in the next 12 months. SPLOST 8 bonds will be issued during the first part of 2022 and if approved by the voters in November 2021 a GO bond will be issued for the construction of the New James Brown Arena Complex. The purpose of this update is to review: the current outstanding bond debt, the current bond ratings, the anticipated rating process for the up coming bond issuance's, upcoming opportunities for the refinancing of outstanding bonds. Financial Impact: none Alternatives: Recommendation: receive as information Funds are Available in the N/A Following Accounts: REVIEWED AND APPROVED BY: Finance. Law. Administrator. Clerk of Commission