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Finance Committee Meeting

Regular Meeting

Augusta, GA · September 14, 2021

AgendaMinutes

Minutes

Finance Committee Meeting Commission Chamber - 9/14/2021 ATTENDANCE: Present: Hons. D. Williams, Chairman; McKnight, Vice Chairman; Mason and Scott, members. Absent: Hons. Hardie Davis, Jr., Mayor. FINANCE 1. Motion to approve the minutes of the Finance Committee held on August 31, 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 4-0. www.augustaga.gov Finance Committee Meeting 9/14/2021 1:05 PM Attendance 9/14/21 Department: Presenter: Caption: Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY: -fr JI Finance Committee Meeting Commission Chamber - 81311202r 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 rext Motion Made By Seconded By ffit:"' Result Motion to approve commissioner ^ receiving this item commissioner Approve catherine Smith- as rnroffna,on. ::lh.ttlnt Francine Scott Passes Motion passes McKnight 3-0. 2. Motion to approve the minutes of the Finance Committee held on August 11, Item 2021. Action: Approved Motions Motion Text Made By Motion Y:11" I ype Seconded By Result Motion to commissioner Approve Commissioner rasses catherine Smith- i|[r,T.t;^""^" I Francine Scott Passes McKnight 3-0. 3. Motion to approve a request from the Richmond County SherifPs 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 ----'-- 'r'ype Result Motion to Commissioner . APProve aDDrove. catherine Smith- commissioner passes Motion Passes rranclne )cor 3-0. McKnight 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 Seconded By -^----- Motion Text 'l'ype Made By Result Motion to approve . Aoorove receiving this item as Commissioner Commissioner Passes information. Francine Scott Dennis williams Motion Passes 3-0. www.auqustaga.gov Finance Committee Meeting 9/14/2021 1:05 PM Minutes Department: Presenter: Caption: Motion to approve the minutes of the Finance Committee held on August 31, 2021. Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY:

Agenda

Finance Committee Meeting Commission Chamber- 9/14/2021- 1:05 PM FINANCE 1. Motion to approve the minutes of the Finance Committee held on August 31, 2021. Attachments www.augustaga.gov Finance Committee Meeting 9/14/2021 1:05 PM Minutes Department: Presenter: Caption: Motion to approve the minutes of the Finance Committee held on August 31, 2021. Background: Analysis: Financial Impact: Alternatives: Recommendation: Funds are Available in the Following Accounts: REVIEWED AND APPROVED BY: Cover Memo Item # 1 Attachment number 1 \nPage 1 -fr JI Finance Committee Meeting Commission Chamber - 81311202r 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 rext Motion Made By Seconded By ffit:"' Result Motion to approve commissioner ^ receiving this item commissioner Approve catherine Smith- as rnroffna,on. ::lh.ttlnt Francine Scott Passes Motion passes McKnight 3-0. 2. Motion to approve the minutes of the Finance Committee held on August 11, Item 2021. Action: Approved Motions Motion Text Made By Motion Y:11" I ype Seconded By Result Motion to commissioner Approve Commissioner rasses catherine Smith- i|[r,T.t;^""^" I Francine Scott Passes McKnight 3-0. 3. Motion to approve a request from the Richmond County SherifPs Office to Item move funds out of State Drug Forfeiture Account's fund balance. The agency Action: Approved Item # 1 Attachment number 1 \nPage 2 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 ----'-- 'r'ype Result Motion to Commissioner . APProve aDDrove. catherine Smith- commissioner passes Motion Passes rranclne )cor 3-0. McKnight 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 Seconded By -^----- Motion Text 'l'ype Made By Result Motion to approve . Aoorove receiving this item as Commissioner Commissioner Passes information. Francine Scott Dennis williams Motion Passes 3-0. www.auqustaga.gov Item # 1

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