File #: 18-979    Version: 1
Type: Report Status: Agenda Ready
File created: 11/13/2018 In control: Financial Advisory Board
On agenda: 11/15/2018 Final action:
Title: Debt Policy Working Group Discussion
Attachments: 1. 8.20.2018 FAB Special Meeting Memo, 2. Attachment - Current AAA Communities, 3. Northbrook reserve and debt policy (from their budget), 4. Buffalo Grove reserve and debt policy (from their budget), 5. Vernon Hills reserve policy, 6. Attachment - AAA vs. AA+ Pricing Comparison 8.15.18
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FINANCIAL ADVISORY BOARD AGENDA ITEM

 

ACTION REQUESTED:
title

Debt Policy Working Group Discussion

body

 

DEPARTMENT:                     Finance Department

 

SUBMITTED BY:                     Franco Bottalico, Budget Analyst

 

BOARD/COMMISSION REVIEW:
N/A

 

BACKGROUND:

At its August 20, 2018 special meeting, the FAB reviewed the City’s current debt policies.  The FAB agreed to continue this discussion at a future meeting by utilizing a sub-committee work group consisting of Chairman Wik, Member Millington, and Member Gannon.

 

DISCUSSION:

Attached are reports from the August 20, 2018 special meeting which can be utilized as a guide when forming a recommendation.