2020-01-14 Audit/Finance Committee Minutes AUDIT AND FINANCE COMMITTEE
MEETING MINUTES
January 14,2020
After determining that a quorum was present, the Audit and Finance Committee convened on Tuesday, January 14,
2020,at 10:30 a.m., in the City Council Work Session Room at City Hall, 215 E. McKinney Street, Denton,Texas, 76201.
PRESENT:
Mayor Chris Watts, Council Member John Ryan,and Council Member Paul Meltzer
STAFF PRESENT:
Antonio Puente,Jr., Chief Financial Officer
David Gaines, Director of Finance
Nick Vincent,Assistant Director of Finance
Mack Reinwand, Deputy City Attorney
Nancy Towle,Treasury Manager
Randee Klingele, Senior Treasury Analyst
Michelle Coughlin, Recording Secretary
OTHERS PRESENT:
Laura Alexander; Hilltop
Adam LanCarte; Hilltop
Greg Schaecher; McCall, Parkhurst& Horton
OPEN MEETING:
Councilmember John Ryan brought the meeting to order at 10:30 a.m.
1. ITEMS FOR CONSIDERATION
A. AF20-001 Consider approval of the meeting minutes of November 5, 2019.
Council Member Meltzer made a motion to approve the November 5, 2019. Mayor Chris Watts seconded the
motion carried.
AYES(3): Watts, Ryan, Meltzer
NAYS(0): None
B. AF19-042 Receive a report, hold a discussion, and give staff direction regarding the implementation of$100
million General Obligation extendable commercial paper program.
David Gaines made a presentation regarding a General Obligation extendable commercial paper program.
Council Member Ryan made a motion to recommend approval to the City Council the implementation of$100
million General Obligation extendable commercial paper program.
AYES(3):Watts, Ryan, Meltzer
NAYES(0): None
2. CONCLUDING ITEMS
With no further business,the meeting adjourned at 11:19 a.m.
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C ncil N4Vmber John Ryan
Michelle Coughlin
Minutes approved on: