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Financial Advisory Board

Regular Meeting

Naperville, IL · November 28, 2018

AgendaMinutes

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