May 18, 2026

Detroit Financial Review Commission

Regular City of Detroit Monthly Meeting

Monday, May 18, 2026

Meeting Minutes

1. Call to Order
   1. Chairman, Kevin A. Smith called the meeting to order 1:00 p.m.
2. Roll Call
   1. Members Present -7
      1. Dr. Barnwell
      2. Akim Berry
      3. David Blaszkiewicz
      4. Jen Flood
      5. Kevin Smith
      6. Tanya Stoudemire
      7. James Tate
   2. Absent – 4
      1. Latrice McClendon (non-voting on city matters)
      2. Ron Rose
      3. Dr. Vitti (non-voting on city matters)
      4. John Walsh
   3. Let the record show that seven (7) Commission members eligible to vote were present. A quorum was present.
3. Approval of the Proposed Minutes of the April 27, 2026, Regular City Meeting
   1. Motion made by Commissioner Berry and supported by Commissioner Blaszkiewicz to approve the draft minutes of the Commission’s April 27, 2026, City meeting as presented. The Commission approved the minutes as presented.
4. Executive Director’s Report
   1. Patrick Dostine, Executive Director, informed the meeting that the city of Detroit remains in good standing with the financial review commission. He reported after reviewing the financial report for the month ending March 2025, the city remained in compliance with all statute relevant to its waiver.
   2. He further reported that at the June meeting, the agenda will have a resolution for the FRC’s consideration which would waive active oversight for the city of Detroit for the 9th consecutive year.
5. Old Business
   1. None
6. New Business
   1. City’s year-nine Waiver Renewal Request – Presentation
      1. CFO, Tanya Stoudemire and Donnie Johnson, budget director, at the city made a detailed presentation to the Commission. The presentation included: an overview of Detroit economic outlook, the revenue estimating conference; FY 27 adopted budget; the four-year financial plan; retiree protection fund, and the rainy-day fund. They also gave a detailed overview of the City’s ability to borrow/credit ratings; noting that S&P affirmed the City’s BBB rating, and Moody’s upgrades one notch to Baa1 with a positive outlook. They addressed questions from the Commission.
   2. City’s Monthly Financial Report for nine months ended March 31, 2026 – FYI Only
      1. The commissioners were invited to review the above-mentioned report and forward any questions they may have to the OCFO’s office.
7. Public Comment
   1. Michelle George
   2. William Davis
8. Next Meeting Date
   1. City Regular Meeting: Monday, June 29, 2026, at 1:00 pm, remotely via Microsoft Teams.
9. Adjournment
   1. Motion made by Commissioner Blaszkiewicz and supported by Commissioner Stoudermire to adjourn. The Commission approved the motion to adjourn.
   2. There being no further business, the meeting adjourned at 1:41 p.m.