Financial Advisory Board

Regular Meeting

Naperville, IL · August 20, 2018

Minutes

City of Naperville 400 S. Eagle Street Naperville, IL 60540 Meeting Minutes Monday, August 20, 2018 6:00 PM Special Meeting Finance Conf. Room 133 Financial Advisory Board Financial Advisory Board Meeting Minutes August 20, 2018 A. CALL TO ORDER: B. ROLL CALL: Present: Chairman Wik (arrived at 6:45 p.m.); Member Davidson; Member Gannon (arrived at 6:46 p.m.); Member Klein; Member Millington; Member Wade Absent: Member Isaac Also Present: Rachel Mayer, Finance Director; Erik Hallgren, Budget Manager; Franco Bottalico, Budget Analyst C. PUBLIC FORUM: D. REPORTS: Review and Discuss the Impact of Credit Rating Scores on Rates During the workshop, the FAB discussed the City's reserve and debt policies, credit rating score and criteria, and its gameplan going forward to review and possibly revise the City policies. E. NEW BUSINESS: F. OLD BUSINESS: 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 Monday, August 20, 2018 6:00 PM Special Meeting Finance Conf. Room 133 Financial Advisory Board Financial Advisory Board Meeting Agenda August 20, 2018 A. CALL TO ORDER: B. ROLL CALL: C. PUBLIC FORUM: D. REPORTS: 18-690 Review and Discuss the Impact of Credit Rating Scores on Rates Attachments: Current AAA Communities AAA vs. AA+ Pricing Comparison E. NEW BUSINESS: 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 8/17/2018