Financial Advisory Board
Regular MeetingNaperville, IL · October 27, 2020
Minutes
City of Naperville
400 S. Eagle Street
Naperville, IL 60540
Meeting Minutes
Tuesday, October 27, 2020
6:00 PM
Held on Zoom due to COVID-19
Financial Advisory Board
Financial Advisory Board Meeting Minutes October 27, 2020
CITY OF NAPERVILLE PUBLIC MEETINGS UPDATE:
Pursuant to Section 120/7(e) of the Illinois Open Meetings Act, the continuation of the Governor’s
disaster proclamation, and Mayor Chirico’s executive order determining that in-person public
meetings are not currently practical or prudent because of the Covid-19 pandemic, we are
holding this Financial Advisory Board meeting remotely.
The board members and staff participating this meeting will all be different locations in
accordance with social distancing guidelines, and steps have been taken to ensure that the
board members can hear one another and all discussion and testimony. The public has been
provided notice of alternative means of access to the meeting so they are able to
contemporaneously hear all discussion, testimony and votes. All votes shall be taken by roll call.
The means by which the public may watch, listen, and/or participate in the meeting are described
below.
TO JOIN A MEETING:
The meeting will be conducted using the Zoom Video Conferencing. You do not need to
download any software or create an account to participate.
To login on your computer or iPad:
Click the link to join the webinar, the password is provided on this agenda. Once connected, if
you choose to speak, click the “Raise Hand” button at the bottom of Zoom screen and wait for the
Chairman to recognize you. When it is your turn to speak, you will be unmuted. There will be a few
second delay after you are unmuted until your mic will be live. Please identify yourself for the
public record and speak clearly.
To login on your phone:
For iPhones, use the iPhone one-tap number provided on this agenda.
For telephones, dial one of the numbers provided and join the meeting by using meeting ID and
password provided on this agenda.
Once connected to the meeting, press *9 to “raise your hand” and wait for the Chairman to
recognize you. When it is your turn to speak, you will be unmuted. There will be a few second
delay after you are unmuted until your mic will be live. Please identify yourself for the public record
and speak clearly.
City of Naperville Page 1 Printed on 11/20/2020
Financial Advisory Board Meeting Minutes October 27, 2020
Join from a PC, Mac, iPad, iPhone or Android device:
Please click this URL to join. https://zoom.us/j/94256048911?
pwd=TDlUbjUzNk5GUlVhdFpMekhpQ0FSdz09
Passcode: 645540
Or join by phone:
Dial(for higher quality, dial a number based on your current location):
US: +1 312 626 6799 or +1 929 205 6099 or +1 301 715 8592 or +1 669 900 6833 or +1
253 215 8782 or +1 346 248 7799
Webinar ID: 942 5604 8911
Passcode: 645540
International numbers available: https://zoom.us/u/azi9yyYev
A. CALL TO ORDER:
B. ROLL CALL:
C. PUBLIC FORUM:
D. REPORTS:
Receive the Nine-Month Financial Report
Attachments: 2020 - P09 Budget Report
October Financial Report
Approval of the July 27, 202020 Meeting Minutes
Attachments: 7.27.2020 minutes
Receive the 2020 Third Quarter Investment Report
Attachments: 3Q City of Naperville - Full Report
Receive the 2021 Annual Operating Budget
Attachments: 2021 Budget Submittal Letter
2021 Budget Highlights
2021 Revenue and Expenditure Summary
G. ADJOURNMENT:
City of Naperville Page 2 Printed on 11/20/2020
Agenda
400 S. Eagle Street
City of Naperville Naperville, IL 60540
Meeting Agenda
Financial Advisory Board
Tuesday, October 27, 2020 6:00 PM Held on Zoom due to COVID-19
CITY OF NAPERVILLE PUBLIC MEETINGS UPDATE:
Pursuant to Section 120/7(e) of the Illinois Open Meetings Act, the continuation of the Governor’s
disaster proclamation, and Mayor Chirico’s executive order determining that in-person public
meetings are not currently practical or prudent because of the Covid-19 pandemic, we are
holding this Financial Advisory Board meeting remotely.
The board members and staff participating this meeting will all be different locations in
accordance with social distancing guidelines, and steps have been taken to ensure that the
board members can hear one another and all discussion and testimony. The public has been
provided notice of alternative means of access to the meeting so they are able to
contemporaneously hear all discussion, testimony and votes. All votes shall be taken by roll call.
The means by which the public may watch, listen, and/or participate in the meeting are described
below.
TO JOIN A MEETING:
The meeting will be conducted using the Zoom Video Conferencing. You do not need to
download any software or create an account to participate.
To login on your computer or iPad:
Click the link to join the webinar, the password is provided on this agenda. Once connected, if
you choose to speak, click the “Raise Hand” button at the bottom of Zoom screen and wait for the
Chairman to recognize you. When it is your turn to speak, you will be unmuted. There will be a few
second delay after you are unmuted until your mic will be live. Please identify yourself for the
public record and speak clearly.
To login on your phone:
For iPhones, use the iPhone one-tap number provided on this agenda.
For telephones, dial one of the numbers provided and join the meeting by using meeting ID and
password provided on this agenda.
Once connected to the meeting, press *9 to “raise your hand” and wait for the Chairman to
recognize you. When it is your turn to speak, you will be unmuted. There will be a few second
delay after you are unmuted until your mic will be live. Please identify yourself for the public record
and speak clearly.
City of Naperville Page 1 Printed on 10/23/2020
Financial Advisory Board Meeting Agenda October 27, 2020
Join from a PC, Mac, iPad, iPhone or Android device:
Please click this URL to join. https://zoom.us/j/94256048911?
pwd=TDlUbjUzNk5GUlVhdFpMekhpQ0FSdz09
Passcode: 645540
Or join by phone:
Dial(for higher quality, dial a number based on your current location):
US: +1 312 626 6799 or +1 929 205 6099 or +1 301 715 8592 or +1 669 900 6833 or +1
253 215 8782 or +1 346 248 7799
Webinar ID: 942 5604 8911
Passcode: 645540
International numbers available: https://zoom.us/u/azi9yyYev
A. CALL TO ORDER:
B. ROLL CALL:
C. PUBLIC FORUM:
D. REPORTS:
E. NEW BUSINESS:
20-1191 Approval of the July 27, 202020 Meeting Minutes
20-1193 Receive the 2020 Third Quarter Investment Report
20-1192 Receive the Nine-Month Financial Report
20-1194 Receive the 2021 Annual Operating Budget
F. OLD BUSINESS:
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 10/23/2020