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| | | | Meeting convened at 1:46 p.m. | | | |
Roll call
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Video
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| | | | Individuals also present:
Minutes note: Martin Matson, Comptroller
Dennis Yaccarino, Budget Director
Dana Zelazny, Legislative Reference Bureau
Rocky Wruck, Comptroller Office | | | |
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190001
| 0 | 1. | Budget | Communication from the Mayor relating to the proposed 2020 budget.
Minutes note: - Employes' Retirement System
Individuals appearing:
Molly King-Christianson, Budget Office
Jerry Allen, Employes' Retirement System
Larry Langer, CMC
Patrice Beckham, CMC
Ald. Nik Kovac, 3rd Aldermanic District
Ms. King-Christianson gave an Employes' Retirement System PowerPoint presentation on the following:
Budget Data, Pension Fund Status January 1, 2019, Changes to 2019 Plan Reset, 2020 Pension Contribution, Employer Pension Contributions Trends 1996-2020 Projection, Fund Value of Assets: 2007 - June 30, 2019, Employer Contributions
Director Allen, Mr. Langer, and Ms. Beckham gave an additional PowerPoint presentation on the following:
General Pension Statistics, CMERS Investment Performance History Periods Ending August 31, 2019, Investment Performance Compared to Public Fund Peers Periods Ending June 30, 2019, ERS 20 Year Rolling Ave. Investment Returns 1978-2018, Rolling Fund Returns 1979-2018, Active Management vs. Passive Analysis 24-Years, Change in Public Pension Fund Expected Return on Investment 2001-2018, Alternative Mixes: 30-Year Return Expectations, Funded Ratio, Stable Contribution Policy, Employer Contributions (Combined Fund only as of January 1, 2019), 2019 COM Employer Contribution, Projections, Fund Value of Assets: 2007 - September 30, 2019 (Preliminary) | NOT ACTED ON | | |
Action details
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Video
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190001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2020 budget.
Minutes note: - Mayor's Office
This item was taken out of order and considered first.
Individuals appearing:
Paul Vornholt, Mayor's Office
Thomas Bell, Budget Office
Jodi Tabak, Mayor's Office
Mr. Bell gave a Mayor's Office Overview PowerPoint presentation on the following:
Budget Summary, Major Budget Changes | NOT ACTED ON | | |
Action details
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Video
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190001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2020 budget.
Minutes note: - Municipal Court
Individuals appearing:
Thomas Bell, Budget Office
Sheldyn Himle, Municipal Court
Judge Derek Mosley, Municipal Court
Annie McGinnity Kubes, Milwaukee Public Schools
Mr. Bell gave a Municipal Court Overview PowerPoint presentation on the following:
Community Goals and Objectives, Performance Measures, 2020 Budget Summary, Special Purpose Accounts, Revenues, Municipal Court Cases & Revenue, Budget Changes | NOT ACTED ON | | |
Action details
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Video
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190001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2020 budget.
Minutes note: - Deferred Compensation
Individuals appearing:
Beth Conradson-Cleary, Deferred Compensation
Nicholas Sinram, Budget Office
Thomas Bell, Budget Office
Mr. Sinram and Director Conradson-Cleary gave a Deferred Compensation Overview PowerPoint presentation on the following:
Mission Statement, Objectives & Strategies of the DCP, 2019 Budget Summary, Deferred Compensation Plan Assets in Millions, Deferred Compensation Plan Participants, Summary Plan Data, Recent Accomplishments, Financial Wellness Seminars, Recipient of 2019 National Leadership Award, Review of Plan Design Changes, Measuring Results: Gender Analysis, Race Analysis, Asset Allocation Impact, 2020 Plan Goals | NOT ACTED ON | | |
Action details
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Video
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190001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2020 budget. | HELD TO CALL OF THE CHAIR | Pass | 5:0 |
Action details
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| | | | Meeting adjourned at 4:56 p.m.
Chris Lee, Staff Assistant
Council Records Section
City Clerk's Office | | | |
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| | | | This meeting can be viewed in its entirety through the City's Legislative Research Center at http://milwaukee.legistar.com/calendar. | | | |
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