Financial Advisory Board
Regular MeetingNaperville, IL · November 28, 2018
Minutes
City of Naperville
400 S. Eagle Street
Naperville, IL 60540
Meeting Minutes
Wednesday, November 28, 2018
6:00 PM
Special Meeting
Finance Conf. Room 133
Financial Advisory Board
Financial Advisory Board Meeting Minutes November 28, 2018
A. CALL TO ORDER:
B. ROLL CALL:
Present: Chairman Wik; Member Gannon; Member Millington; Member Wade
Also Present: Franco Bottalico, Budget Analyst
C. PUBLIC FORUM:
D. REPORTS:
E. NEW BUSINESS:
F. OLD BUSINESS:
A Continued Discussion Regarding Debt and Reserve Policies
Discussed the City's reserve and debt policies.
G. ADJOURNMENT:
City of Naperville Page 1 Printed on 4/11/2019
Agenda
City of Naperville
400 S. Eagle Street
Naperville, IL 60540
Meeting Agenda
Wednesday, November 28, 2018
6:00 PM
Special Meeting
Finance Conf. Room 133
Financial Advisory Board
Financial Advisory Board Meeting Agenda November 28, 2018
A. CALL TO ORDER:
B. ROLL CALL:
C. PUBLIC FORUM:
D. REPORTS:
E. NEW BUSINESS:
F. OLD BUSINESS:
18-1022 A Continued Discussion Regarding Debt and Reserve Policies
Attachments: FAB working group follow-up questions (Excel file)
Interest rates on each series of debt service (from Excel)
Fund Balance Comparison Nov. 19 2018 (AAA)
Fund Balance Comparison Nov. 19 2018 (Aa1.AA+)
S&P - GO Criteria as of Sept 2013
Moody's - GO Criteria as of January 2018
G. ADJOURNMENT:
Any individual with a disability requesting a reasonable accommodation in order to
participate in a public meeting should contact the Communications Department at least
48 hours in advance of the scheduled meeting. The Communications Department can
be reached in person at 400 S. Eagle Street, Naperville, IL., via telephone at
630-420-6707 or 630-305-5205 (TDD) or via e-mail at info@naperville.il.us. Every effort
will be made to allow for meeting participation.
City of Naperville Page 2 Printed on 11/26/2018