Finance Committee

City of Joliet 150 West Jefferson Street Joliet, IL 60432 Meeting Minutes - Pending Approval Tuesday, May 20, 2025 5:30 PM City Hall, Council Chambers Finance Committee Committee Members Councilman Pat Mudron, Chairperson Councilman Larry E.Hug Councilwoman Sherri Reardon Finance Committee Meeting Minutes - Pending Approval May 20, 2025 Citizens who are unable to attend the meeting can email comments in advance of the meeting to publiccomment@joliet.gov. ROLL CALL: Present Councilman Pat Mudron and Councilman Larry E. Hug Absent Councilwoman Sherri Reardon ALSO PRESENT: Kevin Sing - Director of Finance, Armando DeAvila - Risk Management, Kathy Franson - Director of Human Resource, Gina LoGalbo - Assistant Corporation Counsel, Todd Lenzie - Interim Corporation Counsel, Allison Swisher - Director of Public Utilities and Anthony Miceli - Speer Financial Inc. APPROVAL OF MINUTES: TMP-8548 Attachments: April 2025 Minutes.pdf A motion was made by Councilman Larry E. Hug, seconded by Councilman Pat Mudron, to approve the Minutes for April 15, 2025. The motion carried by the following vote: Aye: Councilman Mudron and Councilman Hug Absent: Councilwoman Reardon CITIZENS TO BE HEARD ON AGENDA ITEMS: None. AGENDA ITEMS: Award of Contract for Insurance Brokerage Services for General TMP-8579 Liability, Workers Compensation and Property and Casualty Coverage to Alliant Insurance Services in the Amount of $40,500.00. Armando De Avila - Risk Management, presented TMP-8579 regarding the Award of Contract for Insurance Brokerage Services for General Liability, Workers Compensation and Property and Casualty Coverage to Alliant Insurance Services in the Amount of $40,500.00. A brief discussion was held. Ordinance Approving One or More Supplemental Indentures and TMP-8587 Authorizing the Issuance of Not To Exceed $145,000,000 Waterworks and Sewerage Senior Lien Revenue Bonds of the City of Joliet, Illinois Attachments: Joliet Ordinance for 2025 Revenue Bonds.docx Revenue Bonds Second Supplemental Indenture.docx Kevin Sing - Director of Finance, introduced Anthony Miceli of Speer Financial, Page 1 of 3 Finance Committee Meeting Minutes - Pending Approval May 20, 2025 Inc. to present TMP-8587 regarding the Ordinance Approving One or More Supplemental Indentures and Authorizing the Issuance of Not To Exceed $145,000,000 Waterworks and Sewerage Senior Lien Revenue Bonds of the City of Joliet, Illinois. A brief discussion was held. A motion was made by Councilman Larry E. Hug, seconded by Councilman Pat Mudron, to recommend both agenda items, TMP-8579 and TMP-8587 to be sent to full council for approval. The motion carried by the following vote: Aye: Councilman Mudron and Councilman Hug Absent: Councilwoman Reardon REPORTS: TMP-8549 Attachments: April 2025 Monthly Financial Report.pdf 2025-04 Exceptions.pdf City of Joliet Quarterly Report Apr 2025.pdf Mr. Sing gave a brief overview on TMP-8549 for the Monthly Financial Report that includes the Invoice Exceptions and the Quarterly Report for the Joliet Area Historical Museum (JAHM). No discussion was held. TMP-8550 Attachments: Travel 04.25.pdf Mr. Sing gave a brief overview of TMP-8550 for the Travel Expense Report. No discussion was held. TMP-8551 Attachments: May 2025 Position Summary Report.pdf Mr. De Avila, gave a brief overview on TMP-8551 regarding the Position Summary Report for employment positions currently open within the City of Joliet and the Local 440 Union. No further discussion was held. NEW OR OLD BUSINESS, NOT FOR FINAL ACTION OR RECOMMENDATION: None. PUBLIC COMMENTS: Page 2 of 3 Finance Committee Meeting Minutes - Pending Approval May 20, 2025 None. ADJOURNMENT: A motion was made by Councilman Larry E. Hug, seconded by Councilman Pat Mudron, to adjourn. The motion carried by the following vote: Aye: Councilman Mudron and Councilman Hug Absent: Councilwoman Reardon This meeting will be held in an accessible location. If you need a reasonable accommodation, please contact The City Clerk Office, 150 West Jefferson Street, Joliet, Illinois 60432 at (815) 724-3780. Page 3 of 3