Detroit FRC City Meeting Minutes June 27 2022

DETROIT FINANCIAL REVIEW COMMISSION

REGULAR CITY MEETING

Monday, June 27, 2022, at 1:00 p.m.

Using: Microsoft Teams

MINUTES

Approved: Monday, July 25, 2022

1. Call to Order
   1. Madam Chair, Rachael Eubanks called the meeting to order at 1:02 p.m.
2. Roll Call
   1. Let the record show that 6 Commission members eligible to vote were present. A quorum was present.
3. Approval of proposed Minutes from the May 23, 2022, Regular City Meeting
   1. Motion made by commissioner Barnwell and supported by commissioner Rose to approve the draft minutes of the commission’s May 23, 2022, city meeting as presented. The commission unanimously approved the minutes as presented.
4. Executive Directors Report
   1. Patrick Dostine stated that based upon the city’s monthly financial report for the 10 months ending April 30, 2022, the city continues to remain in compliance with all statute relevant to the waiver status.
   2. Mr. Dostine also noted that the commission convenes today and is taking up for consideration the year-five waiver for the city of Detroit. He stated that over the course of the fourth-waiver year, the city has submitted reports required by statute and by FRC resolution 2018-13, Sec. 3. These reports and other data served to inform the Detroit Financial Review Commission on statutory benchmarks required of the city while in waiver status. The city complied and remained in compliance with the requirements. He further noted that the finance subcommittee and contracts/grants subcommittee were re-convened for the purposes of transparency and review of the city’s finances and contracts and procurement operations over
   3. the course of the year; the subcommittee meetings advantaged commissioners with additional data and analyses and created opportunities for commissioners to engage with city staff on relevant matters.
   4. The meeting was also informed that Sec. 8 of Public Act 181 of 2014 sets forth the conditions that, if met, require the Financial Review Commission to adopt a resolution and grant a waiver.
5. Old Business
   1. None
6. New Business
   1. Consideration of the City’s requests to approve 3 deficit free budgets and compliance with Michigan Financial review Commission’s Act per MCL 141.1638 (g) (FRC Resolution 2022-2)
      1. Motion made by commissioner Rose and supported by commissioner Harkins to approve the City’s 3 deficit free budgets requests and compliance with Michigan Financial Review Commission’s Act (FRC City Resolution 2022-2) as presented.
      2. Motion moved and supported. The Commission approved City Resolution 2022-2 as presented.
   2. Consideration of the City’s requests to approve granting a waiver per MCL141.1638 (2) (FRC Resolution 2022-3)
      1. Motion made by commissioner Walsh and supported by commissioner Barnwell to approve the City’s waiver request (FRC City Resolution 2022-3) as presented.
      2. Motion moved and supported. The Commission approved City Resolution 2022-3 as presented.
   3. Review of FRC’s certifications with Public Act 181 and Waiver Conditions in PA181, Section 8 (2)
      1. The Commission reviewed and discussed the above-mentioned certification and waiver conditions.
7. Public Comment
   1. None
8. Next Meeting Date
   1. City Regular Meeting: Monday, July 25, 2022, at 1:00 p.m. using Microsoft Teams
9. Adjournment
   1. Motion made by commissioner Walsh and supported by commissioner Rose to adjourn. Motion moved and supported; the Commission approved the motion to adjourn.
   2. There being no further business, the meeting adjourned at 1:21 p.m.

Roll Call:

Members Present –

• Dr. Barnwell
• Rachael Eubanks
• Chris Harkins
• Jay Rising
• Ron Rose
• Angelique Peterson-Mayberry (non-voting)
• Jeremy Vidito – (non-voting)
• John Walsh

Members Absent –

• David Nicholson
• Mary Sheffield