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Meeting Name: FINANCE & PERSONNEL COMMITTEE Agenda status: Final
Meeting date/time: 10/9/2019 1:30 PM Minutes status: Final  
Meeting location: Room 301-B, Third Floor, City Hall
2020 BUDGET HEARINGS
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #TypeTitleActionResultTallyAction DetailsVideo
     Meeting convened at 1:46 p.m.    Roll call Video Video
     Individuals also present:

Minutes note: Martin Matson, Comptroller Dennis Yaccarino, Budget Director Dana Zelazny, Legislative Reference Bureau Rocky Wruck, Comptroller Office
    Not available
190001 01.CommunicationCommunication 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 Video Video
190001 0 CommunicationCommunication 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 Video Video
190001 0 CommunicationCommunication 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 Video Video
190001 0 CommunicationCommunication 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 Video Video
190001 0 CommunicationCommunication from the Mayor relating to the proposed 2020 budget.HELD TO CALL OF THE CHAIRPass5:0 Action details Not available
     Meeting adjourned at 4:56 p.m. Chris Lee, Staff Assistant Council Records Section City Clerk's Office    Not available
     This meeting can be viewed in its entirety through the City's Legislative Research Center at http://milwaukee.legistar.com/calendar.    Not available