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Financial Advisory Board

Regular Meeting

Naperville, IL · October 27, 2020

AgendaMinutes

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