Financial Affairs Committee

7725 W. North Avenue Wauwatosa, WI Wauwatosa, WI 53213 Financial Affairs Committee Meeting Minutes - Final Tuesday, March 14, 2023 7:30 PM Committee Room #1 and Zoom: https://servetosa.zoom.us/j/81144274572, Meeting ID: 811 4427 4572 Regular Meeting CALL TO ORDER Chairperson James Moldenhauer called the meeting to order at 7:45 P.M. ROLL CALL Present 7 Alderperson District 1 Chair James Moldenhauer Alderperson District 7 Vice Chair Amanda Fuerst Alderperson District 2 Margaret Arney Alderperson District 3 Robin Brannin Alderperson District 8 Melissa Dolan Alderperson District 4 David Lewis Alderperson District 5 Joel Tilleson Excused 1 Alderperson District 6 Joe Phillips FINANCIAL AFFAIRS COMMITTEE ITEMS 1. Review and approval of 2023 Community Development Block Grant 23-483 (CDBG) funding requests Presented by Karl Schreiber, Building and Safety Manager and Paulette Enders, Development Director . RESULT: RECOMMENDED FOR APPROVAL MOVER: Joel Tilleson SECONDER: Amanda Fuerst Aye: 7 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Brannin, Ald Dolan, Ald Lewis, and Ald Tilleson Excused: 1 Ald Phillips 2. Consideration of reallocation of $113,427 of CDBG funds to MSP Real 23-217 Estate Inc., including a Level Three fund transfer Presented by Karl Schreiber, Building and Safety Manager and Paulette Enders, Development Director . RESULT: RECOMMENDED FOR APPROVAL MOVER: Joel Tilleson SECONDER: Robin Brannin Aye: 7 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Brannin, Ald Dolan, Ald Lewis, and Ald Tilleson Page 1 of 2 Financial Affairs Committee Meeting Minutes - Final March 14, 2023 Excused: 1 Ald Phillips 3. Presentation of Police Recruitment and Retention Task Force (RRTF) 23-220 2022 Report and 2023 Proposal and request for a Level Three fund transfer for the purpose of funding additional recruitment and retention efforts Presented by Captain Luke Vetter and Human Resources Director Beth Mbow . RESULT: RECOMMENDED FOR APPROVAL MOVER: Joel Tilleson SECONDER: Melissa Dolan Aye: 7 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Brannin, Ald Dolan, Ald Lewis, and Ald Tilleson Excused: 1 Ald Phillips 4. Request for approval to prequalify consultant firms for 2023 and 2024 23-219 Construction Inspection Services Presented by Nicholas Deming, Construction Manager. RESULT: RECOMMENDED FOR APPROVAL MOVER: Joel Tilleson SECONDER: David Lewis Aye: 7 Ald Moldenhauer, Ald Fuerst, Ald Arney, Ald Brannin, Ald Dolan, Ald Lewis, and Ald Tilleson Excused: 1 Ald Phillips 5. Review of draft Financial Reserves Policy - Part II: Debt Service and 23-1003 Capital Projects Fund Present by John Ruggini, Finance Director. Committee will reconvene on this topic in 4 weeks. RESULT: HELD 6. Review of Financial Resiliency Policy 23-431 Present by John Ruggini, Finance Director. Committee will reconvene on this topic in 4 weeks. RESULT: HELD ADJOURNMENT Meeting adjourned at 9:05 P.M. Page 2 of 2