Finance Committee

City of Joliet 150 West Jefferson Street Joliet, IL 60432 Meeting Minutes - Final Tuesday, February 15, 2022 5:30 PM City Hall, Council Chambers Finance Committee Committee Members Pat Mudron Cesar Guerrero Sherri Reardon Finance Committee Meeting Minutes - Final February 15, 2022 Page 1 of 1 Finance Committee Meeting Minutes - Final February 15, 2022 As of August 30, 2021, Governor Pritzker announced a statewide indoor mask mandate for all Illinois residents, regardless of vaccination status. In compliance with Governor Pritzker’s mandate, any individual appearing in person must wear a face-covering to cover their nose and mouth. Citizens who are unable to attend the meeting can email comments in advance of the meeting to publiccomment@joliet.gov. ROLL CALL ALSO PRESENT: Director of Finance James Ghedotte, Director of Public Utilities Allison Swisher, Benefits/Risk Management Administrator Armando DeAvila and Speer Financial, Inc. Senior Vice President Anthony Miceli Present Pat Mudron, Sherri Reardon and Cesar Guerrero APPROVAL OF MINUTES A motion was made by Cesar Guerrero, seconded by Sherri Reardon, to approve the minutes of the January 18, 2022 Finance Committee Meeting. The motion carried by the following vote: Aye: Mudron, Reardon and Guerrero TMP-3299 Attachments: January2022 Draft Minutes CITIZENS TO BE HEARD ON AGENDA ITEMS None. This section is for anyone wanting to speak regarding agenda items and are allowed a maximum of 4 minutes. It is not a question and answer period and staff, and the Committee members do not generally respond to public comments. The City Clerk has a copy of the public speaking procedures; please note, speakers who engage in conduct injurious to the harmony of the meeting shall be called to order by the Presiding Officer and may forfeit the opportunity to speak. DISCUSSION OF FUTURE BORROWING FOR THE ALTERNATIVE WATER SOURCE PROGRAM Director of Finance James Ghedotte introduced Speer Financial, Inc., Senior Vice President Anthony Miceli. Mr. Miceli presented the Future Borrowing for the Alternative Water Source Program. Mr. Ghedotte explained further. Discussion held. Later, Director of Public Utilities Allison Swisher addressed the Committee. Discussion held. MONTHLY FINANCIAL REPORT Mr. Ghedotte reviewed the Monthly Financial Report. No discussion held. TMP-3300 Attachments: January2022 Monthly Financial Report Page 1 of 2 Finance Committee Meeting Minutes - Final February 15, 2022 PERSONNEL SUMMARY Benefits/Risk Management Administrator Armando De Avila reviewed the Personnel Summary. No discussion held. TMP-3298 Attachments: February2022 Personnel Summary TRAVEL EXPENSE REPORT Mr. Ghedotte briefly reviewed the Travel Expense Report. No discussion held. TMP-3305 Attachments: Travel 01.22 INVOICES PAID REPORT Mr. Ghedotte briefly reviewed the Invoices Paid Report. No discussion held. TMP-3303 Attachments: Invoices Paid 01.22 NEW OR OLD BUSINESS, NOT FOR FINAL ACTION OR RECOMMENDATION Mr. Ghedotte addressed the Committee regarding Evergreen Terrace/Riverwalk Homes. PUBLIC COMMENT None. This section is for anyone wanting to speak regarding non-agenda items and are allowed a maximum of 4 minutes. It is not a question and answer period and staff, and the Committee members do not generally respond to public comments. The City Clerk has a copy of the public speaking procedures; please note, speakers who engage in conduct injurious to the harmony of the meeting shall be called to order by the Presiding Officer and may forfeit the opportunity to speak. CLOSED SESSION - If required; to discuss personnel, collective bargaining, land acquisition or conveyance and pending or threatened litigation after which the meeting will be adjourned. ADJOURNMENT A motion was made by Cesar Guerrero, seconded by Sherri Reardon, to adjourn. The motion carried by the following vote: Aye: Mudron, Reardon and Guerrero This meeting will be held in an accessible location. If you need a reasonable accommodation, please contact Christa M. Desiderio, City Clerk, 150 West Jefferson Street, Joliet, Illinois 60432 at (815) 724-3780. Page 2 of 2