HomeMy WebLinkAbout04-12-2018 Fairhope Financial Advisory Committee Meeting MinutesMinutes of the Fairhope Financial Advisory Committee
Regular Meeting
April 12, 2018
The Fairhope Financial Advisory Committee met Thursday, March 8 , 2018 at
4:00PM at the Nix Center, 1 Bayou Dr., Fairhope , AL.
Members present: Will Newberry , Page Stalcup, and Charles Zunk .
Approval of Minutes: The Committee voted to approve the Minutes of the
February 8 , 2018 Regular Meeting (with one correction), and the Minutes of the
March 8, 2018 Regular Meeting .
Initial Discussion of a Project to Improve Purchasing Policies and
Procedures: Following up on an earlier suggestion from the Mayor the
Committee discussed how to get started working with City Staff, the Mayor, and
City Council on a project to improve the purchasing polies and procedures. In
previous F AC meetings Richard Johnson and Richard Peterson had also expressed
their thoughts that this project should be a priority. The Committee heard a brief
presentation from Mike Hinson and Jillian Saffle. The Committee asked
members Will Newberry and Page Stalcup to follow up with City Staff before the
next F AC meeting.
Timeline Discussion for FY2019 Budget Preparation: Chuck Zunk will
contact Jill Cabaniss and the Mayor next week to work out the details of the
Committee 's interactions during the FY2019 Budget Preparation.
Discussion of new project: Tim and Chuck reported that they met with the
Mayor and her staff, and separately with representatives of City Counci I to begin
working on a project regarding the financing of the large capital projects for the
Utilities including sizing, timing, and alternative sources of funding. They will
have a report for the Committee at the May meeting.
Public Participation: The Chairman opened the floor for public participation.
Adjournment: After Public Participation the meeting was adjourned.