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Meeting Name: FINANCE & PERSONNEL COMMITTEE Agenda status: Final
Meeting date/time: 10/7/2020 1:30 PM Minutes status: Final  
Meeting location: Room 301-B, City Hall
2021 BUDGET HEARINGS This is a virtual meeting. Those wishing to view the proceedings are able to do so via the City Channel - Channel 25 on Spectrum Cable - or on the Internet at http://city.milwaukee.gov/citychannel.
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video: eComment: Not available  
Attachments:
File #Ver.Agenda #TypeTitleActionResultTallyAction DetailsVideo
     Meeting convened at 1:32 p.m.    Roll call Video Video
     Also present:

Minutes note: Dennis Yaccarino, Budget & Management Director Aycha Sawa, Comptroller Dana Zelazny, Legislative Reference Bureau
    Not available
200001 01.BudgetCommunication from the Mayor relating to the proposed 2021 budget.

Minutes note: -Employee Retirement System Appearing: Molly King, Budget Office Bernard Jerry Allen, Employee's Retirement System Pat Beckham, Cavanaugh Macdonald Consulting Larry Langer, Cavanaugh Macdonald Consulting An Employee's Retirement System Overview presentation as given as follows: Budget Data, Pension Fund Performance as of January 1, 2020, Changes to 2019 Plan Reset, 2021 Pension Contribution, Employer Pension Contributions Trends 2010-2021, Future Pension Contribution Outlook, Employer Contributions, General Pension Statistics, Fund Value of Assets: 2007 - June 30, 2020, Change in Funded Ratio, CMERS Investment Performance History Periods Ending August 31, 2020, Active Management versus Passive Analysis, Rolling Fund Returns 1979-2019, ERS 20 Year Rolling Avg. Investment Returns 1978-2019, Allocation of 2020 Contribution to Agencies for Combined Fund, ERS Contributions, Employer Normal Cost Rate, Summary of December 31, 2019 Valuation Results, Projections, Actuarially Determined Employer Contribution, CMERS Participant Headcount, Total Annual Member Contributions, Annual Member Contributions
NOT ACTED ON   Action details Video Video
200001 0 BudgetCommunication from the Mayor relating to the proposed 2021 budget.

Minutes note: -Mayor’s Office Appearing: Thomas Bell, Budget Office Paul Vornholt, Mayor's Office A Mayor's Office Overview presentation was given as follows: Budget Summary, Budget & Service Changes
NOT ACTED ON   Action details Video Video
200001 0 BudgetCommunication from the Mayor relating to the proposed 2021 budget.

Minutes note: -Municipal Court Appearing: Thomas Bell, Budget Office Sheldyn Himle, Municipal Court Derek Mosley, Municipal Court Sue Eckhart, JusticePoint A Municipal Court Overview presentation was given as follows: Community Goals & Objectives, Performance Measures, 2021 Budget Summary, Special Purpose Accounts, Revenues, Municipal Court Cases & Revenue, Budget Changes
NOT ACTED ON   Action details Video Video
200001 0 BudgetCommunication from the Mayor relating to the proposed 2021 budget.

Minutes note: -Deferred Compensation Appearing: Nicholas Sinram, Budget Office Beth Conradson-Cleary, Deferred Compensation A Deferred Compensation Overview presentation was given as follows: Mission Statement, Objectives & Strategies of the DCP, 2021 Budget Summary, Deferred Compensation Plan Assets in Millions, Deferred Compensation Plan Participants, Summary Plan Data, Recent Accomplishments, Financial Wellness Seminars, Awards, Review of Plan Design Changes, Measuring Results, Gender Analysis, Race Analysis, Asset Allocation Impact, 2021 Plan Goals
NOT ACTED ON   Action details Video Video
200001 0 BudgetCommunication from the Mayor relating to the proposed 2021 budget.HELD TO CALL OF THE CHAIRPass5:0 Action details Not available
     Meeting adjourned at 4:58 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