Financial Advisory Board — Naperville, IL
Date: 2020-07-27

400 S. Eagle Street
 City of Naperville Naperville, IL 60540



 Meeting Agenda

 Financial Advisory Board

Monday, July 27, 2020 6:00 PM Finance Conf. Room 133



CITY OF NAPERVILLE PUBLIC MEETINGS UPDATE:
On Friday, June 12, 2020, an amendment to the Open Meetings Act was signed into law. This
new law replaces the gubernatorial executive order concerning the Open Meetings Act and
allows public bodies to temporarily conduct meetings remotely during a state of emergency,
subject to certain requirements, including a determination by the head of the public body that an
in-person meeting is not practical or prudent.
On Tuesday, June 16, 2020, Mayor Chirico issued an executive order determining that in-person
meetings of the City Council and the City’s boards and commissions are not currently practical or
prudent due to the Covid-19 pandemic. Accordingly, the Finance Advisory Board meeting
scheduled for July 27, 2020 will be conducted remotely. 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.
PARTICIPATION GUIDELINES: All viewpoints are welcome. Positive comments and constructive
criticism are encouraged. Speakers must refrain from harassing or directing threats or personal
attacks at Commissioners, staff, other speakers or members of the public. Comments made to
intentionally disrupt the meeting may be managed as necessary to maintain appropriate
decorum and allow for city business to be accomplished.




City of Naperville Page 1 Printed on 7/25/2020
Financial Advisory Board Meeting Agenda July 27, 2020



You are invited to a Zoom webinar.
When: Jul 27, 2020 06:00 PM Central Time (US and Canada)
Topic: Financial Advisory Board Meeting

Please click the link below to join the webinar:
https://zoom.us/j/95759230958?pwd=Vlk1SkZkWkFhVldqVEoweEJkUGw3UT09
Passcode: 965034
Or iPhone one-tap :
 US: +13126266799,,95759230958#,,,,,,0#,,965034# or
+13017158592,,95759230958#,,,,,,0#,,965034#
Or Telephone:
 Dial(for higher quality, dial a number based on your current location):
 US: +1 312 626 6799 or +1 301 715 8592 or +1 929 205 6099 or +1 346 248 7799 or +1
669 900 6833 or +1 253 215 8782
Webinar ID: 957 5923 0958
Passcode: 965034
 International numbers available: https://zoom.us/u/aBRFVEVGy

A. CALL TO ORDER:

B. ROLL CALL:

C. PUBLIC FORUM:

D. REPORTS:

E. NEW BUSINESS:
1. 20-737 Approve the June 22, 2020 meeting minutes

2. 20-738 Receive the 2020 2nd quarter investment report

3. 20-739 Receive the 2020 Q2 Budget Report

4. 20-827 Request a recommendation on the temporary amendment of financial
 principles related to reserve requirements and balanced budget in
 advance of the 2021 budget
5. 20-828 Request a recommendation on debt issuance to address revenue
 shortfalls in 2020
6. 20-829 Request a recommendation on development of local assistance programs


F. OLD BUSINESS:


City of Naperville Page 2 Printed on 7/25/2020
Financial Advisory Board Meeting Agenda July 27, 2020


1. 20-830 Request a recommendation on the preferred funding method for the Water
 Automated Meter Infrastructure (AMI) project

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 3 Printed on 7/25/2020

City of Naperville

 400 S. Eagle Street
 Naperville, IL 60540




 Meeting Minutes

 Monday, July 27, 2020

 6:00 PM



 Finance Conf. Room 133



Financial Advisory Board
Financial Advisory Board Meeting Minutes July 27, 2020


CITY OF NAPERVILLE PUBLIC MEETINGS UPDATE:
On Friday, June 12, 2020, an amendment to the Open Meetings Act was signed into law. This
new law replaces the gubernatorial executive order concerning the Open Meetings Act and
allows public bodies to temporarily conduct meetings remotely during a state of emergency,
subject to certain requirements, including a determination by the head of the public body that an
in-person meeting is not practical or prudent.
On Tuesday, June 16, 2020, Mayor Chirico issued an executive order determining that in-person
meetings of the City Council and the City’s boards and commissions are not currently practical or
prudent due to the Covid-19 pandemic. Accordingly, the Finance Advisory Board meeting
scheduled for July 27, 2020 will be conducted remotely. 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.
PARTICIPATION GUIDELINES: All viewpoints are welcome. Positive comments and constructive
criticism are encouraged. Speakers must refrain from harassing or directing threats or personal
attacks at Commissioners, staff, other speakers or members of the public. Comments made to
intentionally disrupt the meeting may be managed as necessary to maintain appropriate
decorum and allow for city business to be accomplished.




City of Naperville Page 1 Printed on 11/20/2020
Financial Advisory Board Meeting Minutes July 27, 2020

You are invited to a Zoom webinar.
When: Jul 27, 2020 06:00 PM Central Time (US and Canada)
Topic: Financial Advisory Board Meeting

Please click the link below to join the webinar:
https://zoom.us/j/95759230958?pwd=Vlk1SkZkWkFhVldqVEoweEJkUGw3UT09
Passcode: 965034
Or iPhone one-tap :
 US: +13126266799,,95759230958#,,,,,,0#,,965034# or
+13017158592,,95759230958#,,,,,,0#,,965034#
Or Telephone:
 Dial(for higher quality, dial a number based on your current location):
 US: +1 312 626 6799 or +1 301 715 8592 or +1 929 205 6099 or +1 346 248 7799 or +1
669 900 6833 or +1 253 215 8782
Webinar ID: 957 5923 0958
Passcode: 965034
 International numbers available: https://zoom.us/u/aBRFVEVGy

A. CALL TO ORDER:

B. ROLL CALL:

C. PUBLIC FORUM:

D. REPORTS:

E. NEW BUSINESS:

1. Approve the June 22, 2020 meeting minutes
 Attachments: 6.22.2020 minutes


2. Receive the 2020 2nd quarter investment report
 Attachments: 2Q City of Naperville - Full Report


3. Receive the 2020 Q2 Budget Report
 Attachments: July CC Budget Report
 July 2020 Financial Presentation
 2020 - P06 Budget Report


4. Request a recommendation on the temporary amendment of financial principles related
 to reserve requirements and balanced budget in advance of the 2021 budget

5. Request a recommendation on debt issuance to address revenue shortfalls in 2020


City of Naperville Page 2 Printed on 11/20/2020
Financial Advisory Board Meeting Minutes July 27, 2020



6. Request a recommendation on development of local assistance programs

F. OLD BUSINESS:

1. Request a recommendation on the preferred funding method for the Water Automated
 Meter Infrastructure (AMI) project
 Attachments: FAB Agenda Item - 4-29-2019
 Water AMI Presentation - 4-29-2019


G. ADJOURNMENT:




City of Naperville Page 3 Printed on 11/20/2020