Finance Committee
Regular MeetingGeorgetown, KY · October 21, 2024
Minutes
Finance Committee
Attendees: Mayor Jenkins, Council Member Hampton, Council Member Allen, CAO Golden, City Attorney Buttrum,
Finance Director Clark, Chip Southerland (Baird), Kelly Mrsic (Baird)
October
Members Mayor Burney 21,and
Jenkins 2024, Regular
Council Finance
Member Committee Meeting
Alonzo Allen
1. Approved minutes from October 7, 2024, meeting.
2. City Hall renovation project – Finance discussion with Baird
a. Bond scheduling and timing
b. Potential bonding amounts
3. Fund balance reserve policy
a. Benchmarked against other cities
b. Recommended minimum of 30%
c. Review with full council
4. Investment discussion
a. Stock Yards Bank CD $730,144.89 maturing on November 12, 2024
b. Re-invest for 5 months at 4.75% APY
c. Review with full council
5. Meeting adjourned
Agenda
Regular Finance Committee Meeting
Georgetown Police Department Community Room
550 Bourbon St., Georgetown, KY 40324
Monday, October 21, 2024
8:00 A.M.
AGENDA
1. Call to Order
2. Roll Call
3. Approval of Minutes – October 7, 2024, Special Meeting
4. City Hall Renovation Project – Financing Discussion with Baird
5. Fund Balance Reserve Policy Discussion
6. Stock Yards Bank CD Maturity
7. Other Discussion
8. Adjourn
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