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| | | | Meeting convened at 1:47 p.m. | | | |
Roll call
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Video
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| | | | Also appearing:
Minutes note: Dennis Yaccarino, Budget & Management Director
Joshua Benson, Deputy Comptroller
Tea Norfolk, LRB Fiscal Planning Specialist | | | |
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Not available
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210001
| 0 | 1. | Budget | Communication from the Mayor relating to the proposed 2022 budget.
Minutes note: -Mayor’s Office
Appearing:
Thomas Bell, Budget & Management Division
Jodie Tabak, Mayor's Office
A Mayor's Office Overview was given as follows:
2022 Budget Summary, Budget & Service Changes
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Action details
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Video
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210001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2022 budget.
Minutes note: -Municipal Court
Appearing:
Thomas Bell, Budget & Management Division
Sheldyn Himle, Municipal Court
Judge Derek Mosley, Municipal Court
A Municipal Court Overview was given as follows:
Community Goals & Objectives, 2022 Budget Summary, Special Purpose Accounts, Special Funds, Revenues, Capital Improvements Budget, Capital Projects, Budget & Service Changes
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Action details
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Video
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210001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2022 budget.
Minutes note: -Deferred Compensation
Appearing:
Eric Pearson, Budget & Management Division
Beth Conradson Cleary, Deferred Compensation Director
A Deferred Compensation Overview was given as follows:
Mission Statement, DCP Goals & Objectives, 2022 Budget Summary, Deferred Compensation Plan Assets, Deferred Compensation Participants, Summary Plan Data, Recent Accomplishments, Financial Wellness Seminars, Measuring Results (Gender Analysis, Race Analysis, Asset Allocation Impact), 2022 Plan Goals | NOT ACTED ON | | |
Action details
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Video
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210001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2022 budget.
Minutes note: -Employes’ Retirement System
Appearing:
Molly King, Budget & Management Division
Larry Langer, Cavanaugh Macdonald Consulting
An Employes' Retirement System Overview was given as follows:
Budget Data, Budget & Service Changes, Pension Fund Performance as of January 1, 2021, 2022 Pension Contribution, Employer Pension Contributions Trends 2010 - 2022, Future Pension Contribution Outlook, Employer Contributions (Combined Fund only as of January 1, 2021), Fund Value of Assets: 2007 - June 30, 2021 (Year ended dates reflect 12/31 fund values), ERS Summary Information, CMERS Participant Headcount, Total Annual Member Contributions, Annual Member Contributions, Benefit Payments Increased by 5%, CMER Revenues, ERS Financially Resilient, Fund Value of Assets: 2007 - June 30, 2021, Additions vs. Deductions to Fund, ERS Allocation as of August 31, 2021, CMERS Investment Performance History Periods Ending August 31, 2021, Investment Performance Compared to Public Fund Peers Periods Ending June 30, 2021, Milwaukee Employes' Retirement System - September 29, 2021, Comparison of WRS Core Funds vs ERS Returns, ERS 20 Year Rolling Ave. Investment Returns 1978-2021, Rolling Fund Returns 1979-2021, Projected spike in employer contributions to ERS beginning in 2023 presents a challenge for the participating employers, Sensitvity Analysis (Alternate Investment Returns for 2021), Normal Cost by Group (1/1/2021 Actuarial Valuation), Employer Rate Based On, Actuarially Determined Employer Contribution, Discount Rates for Public Funds | NOT ACTED ON | | |
Action details
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Video
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210001
| 0 | | Budget | Communication from the Mayor relating to the proposed 2022 budget. | HELD TO CALL OF THE CHAIR | Pass | 5:0 |
Action details
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| | | | Meeting adjourned at 4:09 p.m.
Chris Lee, Staff Assistant
Council Records Section
City Clerk's Office | | | |
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Not available
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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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