HomeMy WebLinkAboutMinutes BOC 042811I CITY OF PALM BEACH GARDENS
2 BUDGET OVERSIGHT COMMITTEE
3 REGULAR MEETING
4 APRIL 28, 2411
6 I. CALL TO ORDER
7 The regular meeting was called to order at 8:32 a.m. by Chair L. Marc Colon.
8 II. PLEDGE OF ALLEGIANCE
9 III. ROLL CALL
10 PRESENT: Chair L. Marc Cohn, Phillip A. Woodall, Marilyn Lew - Jacobs, Bernard Pettingill.
11 ABSENT: None.
12 ALSO PRESENT: Vice Mayor, Council Liaison Robert Premuroso; Finance Administrator,
13 Staff Liaison Allan Owens; Deputy Finance Administrator, Alternate Staff Liaison Mary
14 Anderson- Pickle.
15 IV. ELECTION OF VICE CHAIR
16 Bernard Pettinaill made a motion nominating Phillip Woodall for Vice Chair.
17 Marilyn Lew - Jacobs seconded.
18 Motion passed 4 -0.
19 V. ADDITIONS DELETIONS MODIFICATIONS
20 None.
21 VI. APPROVAL OF MINUTES
22 Bernard Pettingi ll made a motion for approval of the March 24, 2011 minutes.
23 Marilyn Lew - Jacobs seconded.
24 Motion passed 4 -0.
25 VII. ITEMS BY COUNCIL LIAISON
26 None.
27 VIII. ITEMS BY STAFF LIAISON
28 1. Presentation by Mr. Jose Fernandez Principal and Consulting Actgm, Cavanaugh
29 McDonald Consulting LLC, regarding actuarial analysis of public safely pensions.
30 Presentation: Mr. Jose Fernandez.
31 Discussion ensued.
32 Marilyn Lew - Jacobs left the meeting at 9:35 a.m.
33 2. Discussion of alternative revenue sources.
34 3. Discussion of Committee schedule and agenda through i August, 2011.
35 Committee members agreed to reschedule the August 25, 2011 meeting to August 11, 2011.
36 4. Standard & Poor's bond rating review.
37 Item 2 will be included in the May 26, 2011 agenda.
38 I.X. OLD BUSINESS
39 None.
40 X. NEW BUSINESS
41 None.
42 XI. COMMENTS BY THE PUBLIC
43 None.
44 XII. COMMENTS BY THE BOARD
45 None.
46
47 (The remainder of this page intentionally left blank.)
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BUDGET OVERSIGHT COMMITTEE MEETING PAGE 1
04.28.11
I X1II. ADJOURNMENT
2 Meeting was adjourned at 9:40 a.m.
3 The next regular meeting will be held May 26, 2011.
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7 APPROVED:
9
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11 L. Marc ohn, Chair
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15 Phillip A. Woodall, Vice Chair
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19 Bernard Pettingill
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21 /A�
22 L1L_
23 Marilyn LA-Jacob's
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25 ti7
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27 (Vacant)
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31
32 ATTEST:
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-_ 34 _ d
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`36 --A4qI= M. Cannon
37 Aricaipal Services Coordinator
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44 NOTE: These minutes are prepared in compliance with 286.011 F.S. and are not verbatim transcripts of
45 the meeting. A verbatim audio recording is available from the Office of the City Clerk. All referenced
46 attachments on file in the Office of the City Clerk.
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BUDGET OVERSIGHT COMMITTEE MEETING PAGE 2
04.2811