Finance Committee

City of Joliet 150 West Jefferson Street Joliet, IL 60432 Meeting Minutes - Final Tuesday, January 18, 2022 5:30 PM City Hall, Council Chambers Finance Committee Committee Members Pat Mudron Cesar Guerrero Sherri Reardon Finance Committee Meeting Minutes - Final January 18, 2022 Page 1 of 1 Finance Committee Meeting Minutes - Final January 18, 2022 As of August 30, 2021, Governor Pritzker announced a statewide indoor mask mandate for all Illinois residents, regardless of vaccination status. In compliance with Governor Pritzker’s mandate, any individual appearing in person must wear a face-covering to cover their nose and mouth. Citizens who are unable to attend the meeting can email comments in advance of the meeting to publiccomment@joliet.gov. ROLL CALL ALSO PRESENT: Director of Finance James Ghedotte and Benefits/Risk Management Administrator Armando DeAvila Present Pat Mudron, Sherri Reardon and Cesar Guerrero APPROVAL OF MINUTES A motion was made by Cesar Guerrero, seconded by Sherri Reardon, to approve the minutes from the December 21, 2022 Finance Committee Meeting. The motion carried by the following vote: Aye: Mudron, Reardon and Guerrero CITIZENS TO BE HEARD ON AGENDA ITEMS None. This section is for anyone wanting to speak regarding agenda items and are allowed a maximum of 4 minutes. It is not a question and answer period and staff, and the Committee members do not generally respond to public comments. The City Clerk has a copy of the public speaking procedures; please note, speakers who engage in conduct injurious to the harmony of the meeting shall be called to order by the Presiding Officer and may forfeit the opportunity to speak. REQUEST TO DEFEASE THE 2014A WATER AND SEWER BONDS Director of Finance James Ghedotte reviewed the Request to Defease the 2014A Water and Sewer Bonds. He requested to bring this agenda item to full Council the first meeting in February 2022. Brief discussion held. A motion was made by Sherri Reardon, seconded by Cesar Guerrero, to recommend for approval to full Council the Request to Defease the 2014A Water and Sewer Bonds. The motion carried by the following vote: Aye: Mudron, Reardon and Guerrero TMP-3090 Attachments: January 2022 CoJ Defeasance Authorizing Ordinance January 2022 Escrow Deposit Agreement MONTHLY FINANCIAL REPORT Mr. Ghedotte briefly reviewed the Monthly Financial Report. Discussion held. TMP-3125 Attachments: December2021 Monthly Financial Report Page 1 of 2 Finance Committee Meeting Minutes - Final January 18, 2022 PERSONNEL SUMMARY Benefits/Risk Management Administrator Armando DeAvila briefly discussed the Personnel Summary. Discussion held. TMP-3126 Attachments: January2022 Personnel Summary TRAVEL EXPENSE REPORT Mr. Ghedotte briefly reviewed the Travel Expense Report. No discussion held. TMP-3127 Attachments: Travel 12-2021 INVOICES PAID REPORT Mr. Ghedotte reviewed the Invoices Paid Report. No discussion held. TMP-3091 Attachments: 2021-12 Invoices Paid NEW OR OLD BUSINESS, NOT FOR FINAL ACTION OR RECOMMENDATION None. PUBLIC COMMENT None. This section is for anyone wanting to speak regarding non-agenda items and are allowed a maximum of 4 minutes. It is not a question and answer period and staff, and the Committee members do not generally respond to public comments. The City Clerk has a copy of the public speaking procedures; please note, speakers who engage in conduct injurious to the harmony of the meeting shall be called to order by the Presiding Officer and may forfeit the opportunity to speak. CLOSED SESSION - If required; to discuss personnel, collective bargaining, land acquisition or conveyance and pending or threatened litigation after which the meeting will be adjourned. ADJOURNMENT A motion was made by Cesar Guerrero, seconded by Sherri Reardon, to adjourn. The motion carried by the following vote: Aye: Mudron, Reardon and Guerrero This meeting will be held in an accessible location. If you need a reasonable accommodation, please contact Christa M. Desiderio, City Clerk, 150 West Jefferson Street, Joliet, Illinois 60432 at (815) 724-3780. Page 2 of 2