FINANCE/INVESTMENTS COMMITTEE

City of Marietta 205 Lawrence Street Post Office Box 609 Marietta, Georgia 30061 Meeting Agenda FINANCE/INVESTMENTS COMMITTEE Joseph R. Goldstein, Chairman Reggie Copeland, Vice Chair Michelle Cooper Kelly Tuesday, May 28, 2019 5:15 PM Council Chamber CALL TO ORDER: MINUTES: 20190506 Regular Meeting - April 23, 2019 Review and approval of the April 23, 2019 meeting minutes. 20190510 Special Meeting - May 15, 2019 Review and approval of the May 15, 2019 special meeting minutes. BUSINESS: 20190464 Hotel Motel Tax Hotel Motel monthly financial report for April 2019. 20190465 Auto Rental Tax 3% Auto Rental Tax monthly financial report for April 2019. 20190466 Finance Update 20190454 MEAG Power 2019 Annual Meeting Motion to approve travel expenses for Council members who wish to attend the 2019 MEAG Power Annual Meeting July 8-10, 2019 in Amelia Island, Florida. This motion includes the City Attorney. City of Marietta Page 1 Printed on 5/24/2019 3:45:10PM FINANCE/INVESTMENTS Meeting Agenda May 28, 2019 COMMITTEE 20190467 Adoption of Recommended Budget for FY2020 Approval of an Ordinance adopting an Annual Budget for the fiscal year beginning July 1, 2019 and ending June 30, 2020, for the various funds of the City of Marietta and enacting the tentative Ad Valorem tax levies for said fiscal year for support of the City of Marietta governmental operations and other public purposes, and debt service obligations. 20190530 Pension Funding Ratio Consideration to fund from reserves during FY 2020, a budgeted amount to bring our Pension Ratio (BLW/City) to 75% by 6/2020 and commit to FY2021 Budget to fund Pension Ratio to 80% by 6/2021. Consider for budgetary reasons an alternative to borrow from reserves and amortize said extra infusion into Pension Fund over 5 years for both FY 2020 and FY 2021. Requested by Mayor Tumlin ADJOURNMENT: City of Marietta Page 2 Printed on 5/24/2019 3:45:10PM