Finance Committee

MINUTES FINANCE COMMITTEE SEPTEMBER 21, 2020 The meeting of the Finance Committee was called to order by Gabe Allen on September 21, 2020 at 4:00 p.m. by telephone or video conference in order to advance the public health goal of limiting face-to-face meetings (also called “social distancing”) to slow the spread of the Coronavirus (COVID-19). Present at the meeting were Nick Long, John VanDever, Jr., Paul Maaz, Tracy Jacobs, Zak Kone, Gabe Allen, Kristine Polian, Michelle Villarreal, Debbie Jordan, Edward Seller and Ann Williams. Approval of minutes from the July 27, 2020 Meeting Paul Maaz made a motion to waive the reading of the minutes John VanDever seconded the motion. Paul Maaz made a motion to approve the minutes as presented. Tracy Jacobs seconded the motion. The motion passed, all-in-favor. Citizen Comments There were no citizen comments. Introduction to New Staff Members Kristine Polian introduced two new staff members: Debbie Jordan, Controller and Edward Sellers, Accounts Receivable Specialist. Debbie Jordan came to us from the City of Galveston. Edward Sellers will be involved in investments. Overview of the 2020 General Obligation Bond Issuance Kristine gave an overview of the 2020 General Obligation Bond Issuance. Discussion ensued Presentation of the 3rd Quarter Financial Report Angie Steelman presented the 3rd Quarter Financial Report. There was no discussion. Presentation of the 3rd Quarter Budget Amendment Angie Steelman presented the 3rd Quarter Budget. There was no discussion. Consider and Take Action to Excuse Absences No action taken. Overview of 2020 General Obligation Bond Issuance (Item #6) Kristine Polian gave an overview of the 2020 General Obligation Bond Issuance. There was no discussion. Staff Comments There were no staff comments. Committee Member Comments Paul Maaz let everyone know that committee member, Steve Bursinski, relocated to Boston, thanking him for his time spent on the committee. He also thanked Nick Long for his positive comments made at the City Council meeting during Kristine Polian’s presentation, thanking Kristine for her support of the Finance Committee as well. Zak Kone asked about tax revenue during these more difficult times. A brief discussion ensued., John VanDever made a motion to adjourn. Paul Maaz seconded the motion. The motion passed all-in-favor. The meeting was adjourned at approximately 4:40 p.m. ________________________________________ Chairperson